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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cyberview | LSE:CYBV | London | Ordinary Share | COM SHS USD0.001 (REGS) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 193.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 193.50 | GBX |
Cyberview (CYBV) Share Charts1 Year Cyberview Chart |
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1 Month Cyberview Chart |
Intraday Cyberview Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/7/2008 | 12:28 | Cyberview Technology (CYBV) - The Next Generation of Gaming | 116 |
| 19/7/2007 | 14:54 | Cyberview with Charts & News | 1 |
| 16/5/2007 | 15:36 | Cyberview | 7 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 04/7/2008 12:28 by the analyst Takeover price = £43.4m (270p)Initial payment = £31.3m (195p) Possible extra payment = £0.8m (5p) Possible extra payment within three years = £3.2m (20p) Missing money on 'expenses' = £8m (50p) I guess we will never know where exactly who that missing £8m went to. Considering the cash in the bank was £14m, meaning the enterprise value was less than £30, I wonder how they managed to justify paying £8m in expenses to see the deal through. £8m expenses on a £30m deal??? I wonder how much of those 'expenses' went to directors, lol! |
Posted at 04/6/2008 09:37 by the analyst Well, the takeover price is low, but the directors have their dream jobs with IGT. I wonder what sort of pay-off they get?"Upon Completion, Seamus McGill and Mark Nanovich will both resign as directors of the Company. Mr McGill will become an employee of IGT and Mr Nanovich will act as a consultant to Cyberview Technology Limited, which will then be a subsidiary of IGT, for a certain period in order to assist with integration and succession matters. Jean-Marie Gatto and Sylvie Linard will resign as employees of Cyberview Technology Limited, but will continue to act as directors of the Company, as will Sir Michael Wilkes and Larry Woolf, until such time as the First Distribution is made." |
Posted at 16/5/2008 07:40 by the analyst Ladbrokes interim statement in advance of today's AGM shows the continued strength of the gaming machines. Considering that the roll out of new machines was only recently completed in Ladbrokes plus the new longer opening hours was only introduced in September, as were Cyberview's improved terms on the Ladbrokes contract, I expect the UK division to be making £6m+ this year. The effect of all of these factors combined takes the extra revenue straight through to the bottom line. "Machine gross win increased by 26% benefiting from the completion of the roll-out of new dual screen machines at the end of March 2007, new gaming content and extended evening opening hours. Average weekly gross win per Gaming Machine was £673 compared to £538 for the same period in 2007." The potential offer by IGT, at 220p per share gives and enterprise value to Cyberview of £24m once you strip out the cash. That puts them on a PE of 4x and values the IP and the US gaming licences they are due at basically nothing. Edison were predicting £9m pre-tax profit last time I looked and although that may have been cut slightly, it makes that £6m estimate look very conservative. Results were due out in March, as was the Nevada gaming licence meeting. Cyberview will have some explaining to do before the end of June, when results must be announced. |
Posted at 25/4/2008 02:22 by the analyst To put the valuation into perspective, with the UK business making £3.3m last year. and Cyberview have re-negotiated their contracts with Ladbrokes to improve the margins quite considerably, they will make much more this year. The new machines have been a big hit and they are winning new contracts to place machines in the IBA shops too. They could easily make £6m this year and £8m the year after, just on the UK business. That alone should value the company at £100m, even without the rest of the world and in particular, the US business.Once they start getting machines into US casinos, we could expect a big take-up as the directors own casinos. So, we could be looking at £15m+ profit pa for Cyberview in three years time and have them valued at £150m+ The offer should be at least £5 per share and even that would still undervalue the company |
Posted at 24/4/2008 13:24 by the analyst The delay of any type of follow-up announcement is getting ridiculous. The worst thing is that Cyberview would now have had the Nevada gaming licence in the bag for over a month by now had the offer not been made by IGT. They could now be placing machines inside Vegas casinos. I suspect it is taking a long time for the directors to negotiate their contracts with IGT after the sale. The sale price undervalues the company by a long long way, so I can only conclude that the whole deal is being set up for the directors to benefit via IGT packages, not shareholders through share price value. |
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 04/3/2008 23:51 by the analyst 630,000 shares traded and the price ticked upWonder who is accumulating a stake, and why? |
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 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. |
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