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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cyberview | CYBV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 193.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 193.50 |
| Top Posts |
|---|
Posted at 05/3/2008 13:10 by the analyst The strange thing is, I thought it was Williams Gaming (WMS) that were interested in acquiring Cyberview's technology, not IGTMaybe they will put an offer too, creating a bidding war. Can but hope... There was a slightly odd directors incentive agreement in December that looks to be specifically engineered to give cash payments, rather than shares to directors and others holding warrants, which is interesting. Looking back, that directors agreement was a strong hint that a takeover was expected With an exchange rate of £2 to the pound the current deal is around £35m, valuing CYBV shares at £2.30 per share |
Posted at 05/3/2008 07:15 by the analyst Blimey, must be some value in the technology for IGT to be looking to acquire!"Prelim. Merger Discussions RNS Number:3825P Cyberview Tech Inc 05 March 2008 International Game Technology and Cyberview Technology, Inc. Announce Preliminary Merger Discussions RENO, Nevada and LONDON, UK - March 5, 2008, International Game Technology (NYSE: IGT) and Cyberview Technology, Inc. (LSE: CYBV) today announced that they are engaged in preliminary discussions regarding IGT's potential acquisition of Cyberview. The parties have agreed to an exclusive negotiating period. Under the terms being discussed, shareholders, option holders and warrant holders of Cyberview would receive aggregate consideration of up to US$70 million for all of the outstanding equity securities of Cyberview. Discussions are in early stages. The terms of any potential transaction may be materially different from what is being discussed. The transaction remains subject to negotiation of other terms, completion of due diligence, negotiation of terms of a definitive agreement under Delaware law, regulatory approvals and approvals of the Boards of Directors of both companies. If a definitive agreement is reached, approval by Cyberview's shareholders and satisfaction of other closing conditions not yet agreed upon would be required to close the transaction. There can be no assurances that any agreement will be reached or that a transaction will be completed on the terms set forth above or others. There will be no further comment until an agreement is reached or the discussions are terminated. About International Game Technology International Game Technology (www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products. About Cyberview Technology, Inc. Cyberview is a leading provider of server-based downloadable gaming systems underpinned by a strong intellectual property and patent portfolio. The strength of the Company's system is its end-to-end security, flexibility, scalability, reporting capabilities and audit trail. This innovative and flexible technology allows customers to change the game offering on demand, thereby enabling the operator to customise its offering in order to maximise revenue. It also aids administration by providing detailed reports for operators, regulators and the tax authorities. The Cyberview system is easily adapted to meet the needs of various regulatory regimes enabling it to be deployed in most gaming markets and countries across the world. The Company's products include: Gaming machines supplied to UK bookmakers; VLT (Video Lottery Terminals) to lotteries and other gaming operators; Server-based downloadable gaming slot machines to the casino industry. Statements in this release, which are not historical facts, are "forward looking" statements under the Private Securities Litigation Reform Act of 1995. Although IGT believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT does not intend, and undertakes no obligation, to update forward-looking statements to reflect future events or circumstances. Information on risks and factors that could affect IGT's business and financial results are included in our public filings made with the Securities and Exchange Commission." |
Posted at 08/2/2008 20:43 by the analyst Blimey, just looked at CRES - you're not cheering me up about my investment in CYBV, Wiganer!He's obviously an expert when it comes to land-based casinos, but not water-based... |
Posted at 28/9/2007 13:29 by britishbear Good broker write up for CYBV. I must admit to being tempted even with a PE of 14 or so. More research required here but a strong buy rec always helps. |
Posted at 24/7/2007 07:41 by the analyst "INGG is by far a better company"INGG is absolutely a better company at the moment, which is why they they have an enterprise value of over £270m for INGG, compared to CYBV's £8m. I think the numbers of machines they own is something like 80,000 vs 10,000 for CYBV, isn't it? I think it may be that we can can only begin to judge CYBV on their sales once they have the product suite launched following G2E. They will then, of course need time to try to show they can sell. Until that time, the company remains mainly an IP company. Albeit one with an exclusive contract with Ladbrokes. Their main focus going forward is the US. US licences are due in 2008. What is encouraging is that the non-exec has a lot of gaming floor in the US, including Vegas hotels. |
Posted at 23/7/2007 23:27 by the analyst Give up researching? Why? They still have products that could make them into a company worth hundreds of millions, so they are definitely worth following, even if just as an object-lesson. I agree, though. Very risky indeed. The most worrying aspect for holders at the moment is that the management do not appear able to make sales. The profit warning indicates that there are no new contracts imminent too. However, the warning was expected and nothing new was mentioned that could not be gathered from the AGM. For those looking at the possibility of buying in at some stage, though, the interesting time may be after the big product launch, which is due at the G2E in November. I suspect the sales drive will start in earnest in the New Year. That's when the story begins to unfold and we begin to find out whether this will be a big company or whether it just gets swallowed up for its IP. In many ways CYBV reminds me of VDS - great potential in the technology, but products not quite ready and management unable to make sales. I followed VDS for a long time on the way down and then bought when my research began to show that they had finally got the products, the managementand sales teams coming together. The share price has risen ever since. Maybe that sort of opportunity will appear here too? Can't lose anything by continuing the research. |
Posted at 06/7/2007 00:07 by the analyst I'd agree with that t0pgrader. CYBV is a very risky share and hence the Enterprise Value is only £8m. What I look for are companies that have the chance to 10-bag if they fulfill their ambitions. CYBV can do that, but as you imply, the market believes the chances are slim. Visibility is poor and certainly, without more deals, then the outlook is poor. So, I think it's worthwhile researching as much as possible now and following progress closely in case signs emerge that would condradict those market expectations. One or two decent deals would start the ball rolling, as would obtaining a Nevada licence and getting some machines onto Vegas floors. The next date in my research calendar is the 9th of August, when the Ladbrokes interims are due and there should be an update on the progress of the 7,000 FOBTs that cyberview have installed. After that, the CYBV interims in September should be interesting, although I'm not expecting too much there. Then we have the betting show in Birmingham in October, and then the 'major launch' at the G2E show in Vegas in November. So, a busy time ahead for research. I also agree with you that Inspired will do well in the space. It's a shame they have a market cap of £210m and debt of £50m, though. An Enterprise Value of £260m implies huge expectations from the market and so I do not see any chance of them increasing their shareprice 10-fold however well they do (which is what I am looking for). If only INGG were the company with a mkt cap of £24m and cash of £16m! Mind you, that Coke deal could be a bit of an unknown quantity... |
Posted at 05/7/2007 22:38 by t0pgrader analystThe problem imo with CYBV is that investing now is a huge leap of faith. Yes they have the Ladbrokes contract and not very much else apart from some decent IP / patents which have only limited value without associated revenues. The company clearly has a grace period courtesy of the cash raised via the IPO to secure some distribution in the US but it's a pure gamble as to whether they succeed. INGG look like a much more interesting prospect in the same space. |
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