Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pension defecits and gambling are not natural bed fellows..but they soon will be.. California..take note
For anyone who has been calling this since 350p they will have done very well shorting the stock..back of a fag packet thats double your money time...of course if you saw it but were not short the stock then its a hell of an opportunity missed..
Nice close 925, off the back of not 25%
Maybe they were listening to David Rebuck .. according to him numbers from N J this pm are going to be stunning..and I guess he should know..
I think they were sales...
WB Quote "the stock market is a device for transferring money from the impatient to the patient".
Kenny may well be right the US will be the world's largest regulated market. Barclays may be right with a value for the US market = NGR of $10bn . For those who are able to take the long view, a 30% share (Kenny's target) of the US Market with 50% MGM is US$1.5bn...£250m EBITDA extra?...Not hard to argue GVC as clearing £1 Billion EBITDA..apply 11*Ebitda...= c£19....which takes me back to the above quote...
This company has lost around £340m or c30% of value, in recent months... overvalued to undervalued imo...but for sure there are a few clouds, poct increase on its way, Italy advertising ban, German uncertainty, but life is never certain and where there is risk there is reward..so maybe not a blunt knife but still worth trying to catch..GLA
Always risky catching a falling knife, but here goes...
This is old news..ran August 2 in US..just after sp hit high...and is imo the main reason why it has fallen back, those reacting on Monday, might be a little behind the game .
5.8% retention on completed events in NJ...3.2m revenue on 55.43 m handle to date...see NJ site for more data..
More good news...
Logic would dictate that it will happen here. 888 were well positioned in US and it is most likely that a natural partner will be announced to build on their position. I guess these things take time and maybe a merger with William Hill would not be so far out of the question, to create a larger more powerful partner for one of the US companies.
This must surely end in merger or a takeover...given MGM are 13£bn and way larger..it has to be Kenny doing the takeover!!..Given the supposed length of this tie up and the fact that the US may become the largest regulated market in the world for us long term investors £20 sp must be on the medium term horizon...
Interesting piece in the Times about William Hill and US Sports...888 are so quiet in terms of RNS, but for a company that made 100m$ EBITDA in 2017, with Spain their second biggest market (12% as reported) reducing POCT and US possibly the biggest regulated market yet, with 888 having a toe hold...this may act as a counter balance to Italy and Germany at these prices...certainly it would be helpful to all if 888 would say something about something!...IMO..
£12 seems cheap IMO....if you take 2018 for 700m underlying EBITDA...+5% up on 2017 (Canaccord have 740m pencilled in..)...on multiple metrics that is +£12...
Interesting to see Analysts upping price target on GVC..quite easy to see why..with FOBT implementation delayed, 2018 may well surpass 2017 Group EBITDA..making their +1300p non too fanciful ...
Italian blanket ban on advertising coming into force and 888 comments with regards pulling out of the German market, combined with probable UK increase in POCT...imo lots of reasons why this stock has pulled back..
Hedgers use the strategy to protect gains .....
Now signed into law..in New Jersey...
Bill to open and regulate soorts betting in NJ..full vote today..sports betting by the weekend?