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BPTY Bwin.Party

124.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bwin.Party LSE:BPTY London Ordinary Share GI000A0MV757 ORD 0.015P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 124.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bwin.party Digital Entertainment Share Discussion Threads

Showing 6826 to 6846 of 6900 messages
Chat Pages: 276  275  274  273  272  271  270  269  268  267  266  265  Older
DateSubjectAuthorDiscuss
17/12/2015
17:55
Time Price Volume Value Buy/Sell Type
16:35 126.00p 936,929 £1,180,530 Buy UT
16:05 125.25p 704,105 £881,892 Sell O
09:30 125.80p 300,000 £377,400 Buy O
12:46 125.00p 257,000 £321,250 Buy O
16:13 125.40p 235,000 £294,688 Sell O
16:14 125.48p 180,000 £225,864 Sell O
10:36 125.50p 170,000 £213,350 Buy O
10:53 125.00p 150,000 £187,500 Unknown O
15:58 125.30p 125,000 £156,625 Buy O
09:20 126.00p 120,000 £151,200 Unknown O
09:16 126.00p 117,694 £148,294 Unknown O
11:35 125.20p 117,000 £146,484 Sell O
16:35 126.00p 100,000 £126,000 Buy O
10:53 125.00p 85,000 £106,250 Unknown O
08:00 125.00p 54,498 £68,122 Buy UT
16:29 125.99p 51,503 £64,889 Sell O
09:48 125.25p 50,000 £62,625 Sell O
14:39 124.51p 44,968 £55,990 Sell NT
16:13 125.40p 40,297 £50,532 Sell O
14:57 124.24p 36,690 £45,584 Sell NT
16:29 125.99p 35,000 £44,096 Sell O
16:17 125.38p 32,649 £40,935 Sell O
16:35 126.00p 25,089 £31,612 Buy PT
08:37 126.03p 25,000 £31,507 Buy NT
16:16 125.61p 23,560 £29,594 Sell O
14:57 124.24p 22,760 £28,277 Sell NT
16:35 126.00p 21,135 £26,630 Buy PT
16:29 126.00p 20,000 £25,200 Buy AT

hubshank
16/12/2015
16:41
Yes and good luck to those holding on
spob
16/12/2015
16:37
Thanks SRP.

Ohhh spob don't be like that! Actually, the whole company has to be one of the most boring companies in the history of LSE for "not" getting things done! :-)


Let's hope GVC make it happen.

hubshank
16/12/2015
16:29
Glad to exit this arb position at 124p for just over a 12% return


in hindsight i could of doubled up at 90p but there was no guarantee of the deal progressing


held for a year

one of the most boring / drawn out arbitration positions i have ever been involved with

good riddance BPTY

spob
16/12/2015
16:02
Are you able to post the chart you are looking at?

Earlier somebody, possibly yourself srp, said that the Citigroup forecast of 159p was daft as it was way above the offer price. If that is the case, then BPTY have almost topped, so they will just hold their position, or people pay more to get that 25p per share of cash, which as I posted previously is just shy of 16%.

I am not challenging, just trying to understand better. :-)

hubshank
16/12/2015
15:58
The price of BPTY is now linked to the price of GVC. It will be 0.231x the GVC price plus 25p.
From my limited experience, the BPTY price will stay slightly below that until the takeover happens. This is because the market makers will take their cut from the holders who want to cash in their BPTY shares and not take up the CVC offer.

bonnard
16/12/2015
15:53
The markets best week is generally from the 19th December,
so I am sitting tight. Actually the chart looks incredible,
as does gvc.

dyor

srpactive
16/12/2015
15:50
What happens in a situation such as this where the share price has almost hit the offer price of £1.25 but not quite, the charts have reached their extreme highs (and lows) and we are approaching the Christmas holidays whereby the market may retrace by a few % just due to punters being on holidays.

The market makers have a duty to make a market so might we see some sell off and retracing of the BPTY stock, so that the MM's have at least a few pennies to play with once the markets reopen in full after the Xmas and New Year.

It is an interesting scenario and I would welcome any thoughts and comments or crystal ball readings....

hubshank
16/12/2015
12:00
Been a nice trade this
nw99
16/12/2015
11:35
Yes that makes perfect sense srp, thank you.

Why would Citigroup place a target of 159p on the share, other than to gain a special dividend of 25p. It is interesting that they also had a target price of 130p which was set after the original offer was made. I am not sure where they are coming from. The chart would suggest we are close to the top now, however at 123p per share, 25p represents a 20% bonus payout.

hubshank
16/12/2015
11:22
What might be happening here;

another poster did mention the other day that the index trackers
and fund managers have to buy all stocks on the ftse 250.

=================================================

My thoughts on it is as follows, I stand to be corrected and assisted as always.

The trouble is if they leave it until February/ March when the new company
is listed they might have to pay north of 500p. They cannot buy now
into gvc as they will not be permitted to do so because they are aim.
But if they buy bpty now, when the split happens they will be in at 422p
the price of the deal and 25p cash to buy more after the new listing.
The volume on bpty would suggest the big boys and girls are involved.

Just a thought.

dyor

regards

active

srpactive
16/12/2015
10:38
There is the offer of 25p per share for all shareholders on the register presumably on 31 Jan / 1st Feb. At 159p per share, that 25p payout represents 16% so perhaps that is how they have arrived at it. I found a table somewhere recently that said a "buy" recommendation meant the analysts expected to achieve in excess of 15% ROI. I wish I still had the table it was quite interesting. I like to keep an eye on their opinions, even if they are not necessarily correct.

Mylands and Melody, thank you. Large sells that could have been initiated over a period of days maybe? and I get the short positions, what I can't seem to
to get my ahead around is the "sells" are really "buys"

hubshank
16/12/2015
10:13
A strange buy rec with 150 target given the "take out" price that GVC have offered.

It cannot go above that price really as it is too late for white knights

trentendboy
16/12/2015
10:10
hub - 2 reasons - maybe more

1 these could actually be buys not sells
2 if they are large sells that are finally filled, this releases the selling pressure and the price rises.

It can be a good time to get into a stock when large sell orders have depressed the share price over a period of time and then you see completion.

melody9999
16/12/2015
09:51
well slap me with a wet kipper, I may make some money out of both the stock market and a bookie! how often can you say that?
deanowls
16/12/2015
09:48
Could well be investors covering short positions now that the vote for the deal has been approved. Maybe they thought it would fail?
mylands
16/12/2015
09:17
Time Price Volume Value Buy/Sell Type (key)
08:32 120.30p 2,000,000 £2,406,000 Sell O
08:41 120.30p 1,950,000 £2,345,850 Sell O
08:35 120.30p 1,262,930 £1,519,305 Sell O
08:32 120.30p 720,000 £866,160 Sell O
08:32 120.30p 280,000 £336,840 Sell O


How can this sort of volume be sold and yet the price rises? are the market makers / brokers buying them up then selling them on to small fry punters?

hubshank
16/12/2015
09:15
Do the analysts at Citigroup not realise that after Feb 2nd, on approval of the GVC takeover by the Supreme Cout of Gibraltar, the BPTY shares will be no more! How come they have now set a 159p target price?

I wouldn't take much notice of their research departmnent, if I was you.

mylands
16/12/2015
09:12
price target of 159p!!!! I like it.
hubshank
15/12/2015
11:27
Effective Date and Timetable

Completion of the Offer remains subject to the satisfaction or waiver of the other Conditions set out in the Scheme Document including the sanctioning of the Scheme by the Court. The expected timetable of principal events for the implementation of the Scheme is set out on pages 9 and 10 of the Scheme Document. As described in detail in the Scheme Document, the expected date of the Scheme Court Hearing (to sanction the Scheme) is 29(th) January 2016 and while this remains the expected date for such hearing, it and each of the subsequent dates set out in this timetable could be subject to change. These dates will depend, among other things, on the date on which the relevant Conditions to the Scheme and the Offer are satisfied or, if capable of waiver, waived.

If any of the key dates set out in the expected timetable change, bwin.party will give notice of this change by issuing an announcement through a Regulatory Information Service and by making such announcement available on bwin.party's and GVC's websites at www.bwinparty.com and www.gvc-plc.com, respectively.

A copy of the Special Resolution and the amended articles of association will be submitted to the National Storage Mechanism and will thereafter be available for inspection at www.morningstar.co.uk/uk/NSM.

A copy of this announcement and the amended articles of association will also be available on bwin.party's website at www.bwinparty.com.

Except as otherwise defined herein, capitalised terms used but not defined in this announcement have the same meanings as given to them in the Scheme Document.


So what could go wrong at this stage? perhaps GVC baord the party to be at!!!

hubshank
11/12/2015
14:13
The votes will be cast on Tuesday, so when might we know the outcome?
hubshank
Chat Pages: 276  275  274  273  272  271  270  269  268  267  266  265  Older

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