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Todays RNS: Following Admission, the Company's enlarged issued share capital will be 288,215,722
22nd Jan RNS: Following Admission, the Company's enlarged issued share capital will be 288,286,207
So, to be clear. There is either an error. Or they are saying there will be less shares in issue. I appreciate that people have got very large genitals and have nothing to use them on other than the LSE forum.
Starlight? Stodgy? Would you like to follow up? Got that far down the RNS yet?
Read the full RNS. Shares in issue. Last paragraph. Thank you for your efforts
Thanks for you polite intervention. Why are there 75k less shares in issue now than on 22nd Jan? As per the last two RNS? I assume you know everything.
Share capital is less than on the previous RNS. Am I wrong? It's early....
I agree. 1 well placed article at its 120p
Acadian short has been reported as closed, or less than 0.5%
With both shorts and share prices increasing. Possible suitors circling. CEO buying. This could very quickly go crazy. Offer comes in (pribably 180p and rejected), shorts have to close, price could double in a week
Either the company reduces debt, grows EBITDA and hence share price grows.
Or
It's taken over at around 200p.
There is a third option that involves losing its license, going bust and choas. I think that is a marginal risk.
Today is by far the biggest volume day since it was announced at FS GAMING INVESTMENTS have taken a 6.5% stake. It is only a matter of time until some mounts a serious takeover bid here.
It is a large sell that the market has gobbled up
At 10.9x EBITDA. That puts us at about 375p a share when you multiple up, minus the debt. Makes the rejection of 156p seem sensible...
Leak? Rumour? Takeover? Shorts closing? What is causing the big Monday rise?
Just rounded, when there was the 7mil UT the other day it was the same.
The volume after hours relates to the closing auction. They are matched trades. These are people with direct market access, professional brokers.
In terms of why it then drops off, just the pattern of this share.
Recent large buy has just gone through at a recent high. 94p. This just seems an obvious ruse beyond 120p into the NY
Could Entain takeover 888 or would that be against competition rules?
Regular heavy volume in the afternoons. Good exchange rate for US buyers. Draftkings, BetMGM, FS Gaming and others all looking at UK targets. Get some regulation settlement and the M&A market could really kick off
Has anyone else noticed the volume and price action generally comes after noon? Could point to where the interest is coming from.
Profit growth by cost reduction, in the business and debt reduction.
Top line growth unlikely.
150p would be low ball