Member Info for Togglebrush

This, new investment account, was scheduled to start working this morning to check move of YOUR account to new service ' NOT WORKING FOR ME .... any one else ???

News of William Hill and Amaya as a group MAY ??? be seen as competition to Ladbrokes and PlayTech ??? Any ideas ??? ' Amaya Inc. (also known as Amaya Gaming and Amaya Gaming Group) is a Canadian gaming and online gambling company traded on the Toronto Stock Exchange (symbol TSX: AYA) and headquartered in suburban Montreal, Quebec. In June 2014, Amaya agreed to buy the parent company of PokerStars and Full Tilt Poker, owned by Isai and Mark Scheinberg, for $4.9 billion. The takeover makes Amaya the world's biggest publicly listed online gambling company.The deal was closed on August 1, 2014. ' The company produces gaming products and services including online casino, poker, sportsbook, platform, lotteries and slot machines software.[ It claims some of the world’s largest gaming operators and casinos are powered by its online, mobile, and land-based products. The company has offices in North America, Latin America, Europe and Asia. ' Back of a Beer Mat numbers of possible Market Capital ' William Hill and Amaya about £4.6bn Ladbrokes/Coral £1.35bn plus PlayTech £3.06bn about £4.41bn PTEC already own a sizable holding in LAD ' Just a thought

Interims … Dividends in brief ‘ Maiden interim dividend of 0.65p per share. Register Date 16 September 2016 Paid 18 October 2016 ‘ Accounting for Visa Europe ‘ Following the disposal of our share in Visa Europe on 21 June, we received £452.8m of cash ‘ A net pre-tax gain on disposal of £98.7m has been recognised in finance income in the Group’s income statement as a separately disclosed item. Tax on the above gain is £86.6m ‘ In calculating the dividend, the expected profit after tax for the full year has been adjusted to exclude the net gain on the disposal of our Visa Europe asset

Correction to detail ... there are 2,000 million shares in issue so potential special dividend is 25p per share

Interims are due on Tuesday 9th August and two events should be covered ' A) 21st June 2016 the Visa Europe disposal was completed B) 07th July 2016 End of lock up of placings by original Venture Capitalists ' There is potential for a Maiden Dividend and a Special Dividend IMHO ??? � There are roughly 125,million Ordinary Shares in issue and up-front cash was roughly �500 million so a potential 4p a share special dividend. Company also received Series B Preferred Stock in Visa Inc and could receive in the region of �283m in earn-out conditional upon etc � Reference Proposed disposal of interest in Visa Europe�Annual report page 76 � On 2 November 2015, we announced the proposed disposal of our approximate 5.9% interest in Visa Europe to Visa Inc. The disposal, which is expected to complete in Q2 2016, is a result of Visa Inc.�s agreement to purchase 100% of Visa Europe, subject to the satisfaction of certain conditions. � Under the terms of the disposal, Worldpay will receive a mixture of cash and noncash consideration currently estimated to be worth in aggregate up to �1.2bn. This is made up of up-front consideration of approximately �544m of cash and �375m of Series B Preferred Stock in Visa Inc. In addition, if the earnout pays out in full, Worldpay could receive in the region of �283m in earnout conditional upon achieving certain criteria relating to the incremental net revenue of Visa Europe during the earnout period. .... etc

The news about the engines on the Type 45 not working in warm water may reflect on Rolls but they were only responsible for the gas turbines. ' The design was NEW and attributed to other companies. The intercooler appears to be the problem which wasn't Rolls responsibility. See paper, with brief extracts, noted below. ' http://nippon.zaidan.info/seikabutsu/2003/00916/pdf/igtc2003tokyo_os203.pdf ' The Royal Navy is the first user of the WR-21 Intercooled and Recuperated (ICR) gas turbine engine in its Type 45 Air Defence destroyer ' The prime contractor in the design and development programme has been Northrop Grumman Marine Systems (NGMS) with Rolls-Royce as the major subcontractor responsible for the design of the gas turbine. In addition Honeywell are subcontracted for the design and supply of the intercooler, Ingersoll Rand Energy Systems (IRES) for the recuperator, and CAE for the EEC.

Return of cash to shareholders is still possible (Interims 25 August) ' Failed Bids in 2015 Plus500_____GBP 459m Ava Trade Euros 200m ' Success in 2016 Quickspin__ Euros_ 50m Best gaming Euros 138m ' Placing in July 2015 raised GBP 227m for acquisitions so spare cash available

Date______ Event subject ‘ 09 Aug 2016 Half Year Results 2016 ' Placing by original Venture Capitalists was 07/04/2016 and any future placing was restricted for 90 days ... by my calculation that is 07/07/2016... NOW ' RNS extract 7 April 2016 “funds managed by Advent International Corporation (the "Advent Funds") and by Bain Capital LLC (the "Bain Capital Funds"), announces that it has sold an aggregate of 275 million ordinary shares …at a price of 269 pence per share .. raising aggregate gross sale proceeds of approximately GBP740 million. Following completion they will hold 564,481,879 ordinary shares in the capital of the Company, representing approximately 28.2% of the Company's issued ordinary shares. Those shares which are not sold in the Placing will be subject to a 90-day lock-up

Visa Inc. Completes Acquisition of Visa Europe San Francisco, CA, and London, UK, 21st of June, 2016 – Visa Inc. (NYSE: V) today announced the completion of its acquisition of Visa Europe Ltd. https://www.visaeurope.com/newsroom/news/visa-inc-completes-acquisition-of-visa-europe

Trading Volume was a ONE IN A HUNDRED day with 15,169,235 on Friday ' Median, or normal day, is 1,816,751 so 8 times normal ' One trade was a "Buy 9,895,234 shares @ 70.30p for £6,956,350 with Trade type UT". This is used for the single uncrossing trade detailing the total executed volume and uncrossing price as a result of a SETS auction. ' FWIW NOTE a similar volume 15,968,126 was noted on 29th April, "Fortuna FLNG Update RNS", when the DEAL was OFF ' 01 Mar 2016 was MAXIMUM Trading Day with 20,518,323. Several Holdings RNS occurred around this time when deal appeared on. ' 25 Jan 2016 was “Equatorial Guinea Farm in, Operations and Trading Update” and Agreement with Schlumberger. ' Volume stats since Dec 2013

Visa’s €16.5bn merger with Visa Europe gets the green light Visa is buying its sister company Visa Europe ' http://www.telegraph.co.uk/business/2016/06/03/visas-165bn-merger-with-visa-europe-gets-the-green-light/

Visa can take over Visa Europe, paying €16.5bn (£12.8bn) up front and potentially adding another €4.7bn to that price tag depending on its future financial performance. Worldpay has a €1.25bn stake.and will receive half in cash and half in shares Visa, Inc. and MasterCard, Inc., are two of the world’s largest payment networks. These technology-based businesses don’t take credit risk but instead partner with issuing banks and function like toll collectors for global consumption spending. Worldpay Group plc is the largest merchant acquirer in Europe, serving a diverse set of 400,000 merchants across 146 countries in 126 currencies. The company is the dominant player in the attractive U.K. payments market and has a fast growing and highly profitable e-commerce business that’s benefiting from the rapid growth of online commerce.

Press ' http://blogs.barrons.com/asiastocks/2016/03/07/south32-soars-to-alumina-manganese-rallies/

A number of NEW Premier Inns have recently opened around London. These seem to me a step in quality and price above the older version. ' Trading Update is due 3rd March and results 26 April should show how well these are doing.

http://www.south32.net/CMSPages/GetFile.aspx?guid=58cfb6c2-e817-4ed1-b893-18b0536d0c4a ‘ Extract ‘ “The continuing optimisation of our high quality operations and balance sheet has enabled us to reduce net debt by almost US$300M, despite continued weakness in commodity markets. Our low financial gearing and operational leverage is a powerful combination and the decisive action we are taking across our portfolio will strengthen short term cash flow.” Graham Kerr, South32 CEO ‘ PERFORMANCE SUMMARY ‘ - Statutory loss of US$1.7B includes non-cash impairment related charges of US$1.7B. - Underlying EBITDA of US$542M for an operating margin of 20%. - Underlying EBIT and Underlying earnings of US$141M and US$26M, respectively. - Controllable costs(1) reduced by US$182M. - Total capital expenditure(2), including equity accounted investments, reduced by 22% or US$85M to US$301M. - Closing net debt reduced by US$286M to US$116M. - Underlying return on invested capital (ROIC) of 1.4%. - No dividend declared for H1 FY16. ‘ OUTLOOK ‘ - FY16 production guidance maintained for the majority of our upstream operations. - Major restructuring initiatives underpin targeted US$300M reduction in controllable costs in FY16. - Redundancy and restructuring charges(3) of US$37M anticipated in the June 2016 half year. - FY16 Capital expenditure(2) guidance, including equity accounted investments, lowered by US$150M to US$550M. - Well positioned to significantly exceed our US$350M controllable costs savings target.

Trading Update -- The Group has continued to enjoy strong trading during Q3 and full-year Group revenue and EBITDA before synergies are in line with management expectations. -- The acquisition of digital payments business Skrill completed in August 2015. The Group is pleased to report that the acquired business has completely absorbed the continuing adverse impact previously disclosed in relation to Greece and is nonetheless trading in line with the management expectations set out at the time of the transaction. -- In addition, the integration of the new Group is proceeding ahead of schedule - as a result, circa $5-10 million of synergy savings are expected to be achieved by the end of Q4 2015, ahead of management's previously-expected Q1, 2016 timeline. Paysafe President and CEO Joel Leonoff said: "This has been a transformational year for the Company. We are particularly encouraged by the positive momentum we are seeing across all our divisions. We are trading well due to the continued strength of our business, strong cost control and accelerated synergies arising from the Skrill acquisition. Our growing digital payments business, under our new Paysafe brand, is focused on delivering sustainable profitable growth and we are very pleased with the progress we are making." Capital Markets Day A Capital Markets Day presentation is being held today for shareholders, analysts and other stakeholders focusing on an overview of the Group's operations and business divisions. A webcast of the presentation is scheduled to start at 1pm (UK time) and will be available live via http://edge.media-server.com/m/p/fi6fasyk with a replay facility expected to be available within 24 hours of the presentation. Alternatively, a conference call facility will be available at: +44 (0) 207 192 8016 (participant code: 6631010). ' Move to Main Market and Full-Year Results The Company continues to seek admission of its ordinary shares to listing on the premium segment of the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange's Main Market for listed securities. The Company anticipates the earliest possible date at which the Company will be considered for inclusion in the FTSE 250 index will be the quarterly review in March 2016. ' The Company intends to provide a trading update for the year ended 31 December 2015 in January 2016 ahead of announcing full-year results scheduled for March 2016

PRESS ' http://news.sky.com/story/1511633/buyout-firms-gatecrash-6bn-worldpay-float ' Brief extract ' Comparable listed companies such as Wirecard and Brazil’s Cielo usually trade at valuations worth between 14 and 20 times their annual profits. ' With Worldpay expected to record around £400m of pre-tax profit in 2015, a similar valuation range would attribute a price tag of between £5.6bn and £8bn to the company. ' FWIW Digital Look FORECAST Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth____Div__ Yield 2015-12-31___ 335.49______66.62__ 14.61p___ 19.2___2.6__ -8%___1.28p 0.5% 2016-12-31___ 451.11_____106.18__ 17.19p___ 16.3___0.9__ 18%___2.13p 0.8% ' Back of Beer Mat calc based on 2016 forecast gives with above article OPAY an increase of 29% to 84% on current Market Value DYOR

Another acquisition on the table for US$105 million ' http://uk.advfn.com/news/UKREG/2015/article/67536305 ' Extract -- Acquisition of a complementary business to build upon the TradeFX acquisition -- The Transaction will substantially expand and enhance TradeFX's existing position through the diversification of customers and geographies with limited overlap with TradeFX's business together with the addition of new regulatory licences -- Directly in line with Playtech's strategy to acquire profitable, regulated, highly cash generative businesses with market-leading positions -- Consideration at attractive multiple of approximately 6x adjusted 2014 EBITDA* -- Expected opportunities for synergies identified as part of integration planning -- Acquisition is classified as a Class 1 transaction due to aggregation with the TradeFX acquisition -- Brickington Trading Limited, Playtech's largest Shareholder, has undertaken to vote in favour of the Transaction in respect of its 33.6 per cent beneficial holding

Now one of nine new entrants

EPIC is S32 ' South32 Trading on "when issued basis" today 18th May ' South32 Trading with LSE on normal basis 26th May at 8.00am ' Issued price was A$2.13 or 108.69p ‘ IF in a Crest Nominee Account you may get SHARES or CASH dividend. Check with your broker. ‘ From RNS Demerger Dividend 7 May 2015 ' A share sale facility has been established for certain eligible shareholders who hold 10,000 or fewer BHP Billiton shares. These shareholders may elect to have all the South32 Limited shares they receive sold by the sale agent with the proceeds remitted to them following the demerger. ; South32 Limited shares will not be distributed to ineligible shareholders. Instead, South32 Limited shares which these shareholders would otherwise have been entitled to receive will be transferred to the sale agent to be sold with the proceeds remitted to them following the demerger.