Share Name Share Symbol Market Type Share ISIN Share Description
Empire Online LSE:EOL London Ordinary Share VGG3037J1021 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
56.5 23.9 9.3 0.0 0.00

Empire Online Share Discussion Threads

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The FT Party-Gaming added 3.5 per cent to 51¾p after the World Trade Organisation said the bill banning internet gaming in the US was illegal.
I suppose we should just to keep an eye on it!
Lol, great choice of EPIC - will confuse the scousers if someone starts up a new thread. Are you going to do it, LBO? I don't hold anymore but remain curious.
UIGEA NEWS ALERT The office of US Congressman Barney Frank, who is chairman of the House financial services committee, has confirmed that he is currently working on legislation to repeal the Unlawful Internet Gambling Enforcement Act. The news item appeared this afternoon on the Financial Times website and has been confirmed to eGaming Review by Frank's press department. The details of how any repeal would take action have not been worked out and no timeframe was given. Frank is quoted as describing last autumn's Act as one of the "stupidest laws" ever passed and adds: "I am working on legislation to cut back on this internet gambling thing... I think it's preposterous". While rumours of Barney Frank's support for a repeal of the Act had been circulating around the egaming industry in the past few weeks, Frank himself had not confirmed or commented on them. Shares in PartyGaming, 888 and Sportingbet were all up this afternoon. The FT says the mid-term Democratic victory in the US Congress brought some hope to the online gaming sector and John Conyers, chairman of the House judiciary committee, is also considered sympathetic to the industry. But while Frank and Conyers are "powerful potential allies, it is far from clear that the lawmakers would have enough support to pass any meaningful legislation" because it is not clear "whether the votes would be there for a regulatory bill". The FT adds that the US treasury is currently drafting the rules to implement the Act but that the deadline for presenting them has been missed and is now expected in April or May.
7m shares traded. Lanir Must be back buying
Yep you are wrong they have about 48p in assets 90% cash and the rest PRTY shares. But what good is that to shareholders? you can buy into a proven investment trust at a big discount without risking your cash with a bloke with from what I can see a proven record in losing shareholder value.
Am I right in thinking EOL have 79p per share in cash??? Can somebody correct me if I am wrong??? Ta.
Yes but they have/had 69m shares in Partygaming and the question is did they just sell out during the recent strength. If they did they made more money then expected as the shares were valued at an average of 29p at the time of the deal ie £19m. If they just dumped their stake they got over £25m. Thats another £6m profit.Anyway have closed my short banking a nice profit as this may now have a small upside. "The total consideration for the Disposal will be satisfied by the issue to the Company of 83,325,934 new PartyGaming Shares, valued at approximately US$47.96 million, based on the average middle market closing price of PartyGaming Shares for the 15 dealing days prior to the date of the Sale Agreement, of which 65,951,297 new PartyGaming Shares (valued at approximately US$37.96 million on the basis outlined above) will be retained by and/or disposed of in an orderly manner by the Company in due course" Published: Tuesday, February 27, 2007 WHO DUMPED THE PARTY GAMING SHARES? GBP50 million worth of shares hit the London market The Times Online was speculating this week on who the owner of a tranche of Party Gaming shares worth some GBP 50 million may be after the stock was dumped on the London market and brought values down. The newspaper commented: "Knowing when to hold and when to fold has been the key skill for PartyGaming shareholders, who have seen their investment buffeted over the past year by arrests, prohibition laws, stock sales and apparently spurious takeover theories. "For a few hours yesterday, the attention returned to trading. Shares gained as much as 3¼p to 43p on optimism that the poker site operator's annual results due Thursday will impress. "PartyGaming is said to have benefited from payment processors such as NETeller closing the door on US players who were using rival sites, thereby making its tables look more popular by comparison. Dresdner Klienwort, the group's house broker, estimated the number of poker players using real money had risen by 30 percent since the end of November. "But this optimism did not extend to one shareholder, who used the strength to dump about GBP50 million of stock via Morgan Stanley. Shares erased gains in reaction as 300 million were traded - about five times the daily average." While the seller's identity was a mystery, some dealers reckoned the bundle of 123 million issues could have come from Orbis. The Bermuda-based fund is believed to have bought stock owned by founder Vikrant Bhargava in January. Nevertheless, the founders' history of choosing their moments to sell meant nobody was prepared to rule them out.
LBO - moves in PRTY aren't likely to help EOL any more now that it's divested its gaming assets. So far as I can make out they are now a cash shell/ investment company, with a plan to "invest opportunistically in both private and public businesses and across the small, mid and large-cap range of companies". That could mean pretty much anything, but somehow I doubt Lanir's going to go back into online gaming.
Partygaming shares now at 41p today. up 10%. "Internet poker group PartyGaming also rallied ahead of final figures due on 1 March"
Clalit's Remez-Arlosoroff site sold for record $41.3m By Avi Bar-Eli A group of investors headed by Alony Hetz Properties & Investments leader Nathan Hetz and American-Israeli real estate investor Jonathan Leitersdorf has won a tender to buy the Clalit health maintenance organization's property on the corner of David Remez and Arlosoroff Streets in Tel Aviv, for a stunning $41.36 million. The price reflects a record-setting $345,000 per residence, or $4,300 per square meter. Actually the price is higher since, for purposes of the tender, the dollar was set at NIS 4.5. The group also includes Noam Lanir from Empire Online, Yoav Harlap and Kobi Rogovin. It seems that the investors are actually looking to live in the building, and decided to build it themselves instead of paying a contractor and developer as middlemen. The site is the parking lot of the Clalit headquarters. Plans are for the new structure to have 31 stories, 120 units and 9,600 square meters of space. It will also have 24,400 square meters worth of various service facilities, with seven parking areas. The permits for the building have already been approved. Other contenders for the land were the Tidhar-Rogosin group, Pangaea together with Electra Real Estate, Gindi Holdings, and diamond merchant/builder Avraham Namdar. There are a number of problems facing the developers, as they committed themselves in the tender to allow the continued functioning of the Clalit headquarters on the site, as well as the construction of an underground passage from the tower to the headquarters - and provision of 150 parking places for the HMO. Bids in the first stage of the tender were in the $30-35 million range.
Do they still have the 65,951,297 PartyGaming Shares or have they been sold? If they have not been selling then they are making a profit on their first investment! The share price of PRTY has risen and at 34p would value the stake at £22.4m and the shares were valued based upon an average price of 29.32p for Partygaming or £19m. The buyingback of shares makes sense IMHO. 48p in cash which you can buy for 44p,,2006980,00.html Online gaming group PartyGaming climbed 0.75p to 30.75p after Dresdner Kleinwort repeated its price target of 50p and its buy recommendation.
I've sold out, so these will probably head back to 70p now. These shares could become worth a lot more if Lanir makes a decent investment with the money; on the other hand if he makes a crummy investment or simply sits on the money and does nothing they could become worth a lot less. It's a complete guessing game, and I've decided I'd rather invest my money elsewhere rather than waiting to see what his next move is. He may well come up with something interesting but I am pretty sure that whatever he does he'll be putting number one first and not bothering too much about what minority shareholders think of him.
mmmh interesting
Buying back shares sounds like the sort of thing many companies do, to purchase and cancel shares. In companies with a business this is good for shareholders as it means eps rises, other things being equal, since there are fewer shares for earnings to be divided by. But since EOL currently has no earnings, its primary effect in this case would seem to be simply to concentrate the percentage that Lanir's holding represents. The important question is what investments the "new" company is going to make. As I read the AIM rules, it has 12 months from the date shareholder approval was given for the divestment of assets (which I presume counts as the 17th January EGM in this case). If nothing has happened within the 12 months then the shares are liable to be suspended.
anyone knows what this circular mean? do shareholders have to sell their shares?
I wish he would.
Well Lanir is not stupid enough to visit the US. Regards: Vikesh
Or a confidence trickster? Just who in the hell is going to buy into his so called investment trust after the way the shareholders have been treated on EOL? Kinda explains why he's the only one buying the shares. With regards Neteller, the FBI have gone after the founders who are no longer on the board or have anything to do with the company. So on that basis Lanir is bang in the frame for arrest and still in charge on EOL so why has he been clever selling to prty at 50% of the price they offred him 6 months previous? From what i can see this is a 49p asset value dodgy Jewish run fund with a threat of litigation from the FBI,moreover it has no proven track record and a real history for evaporating shareholder value? or am I missing something? This is a instant 100% none starter for anyone with a IQ above that of a battered sausage!
Have to say the sale could have been great foresight with all the fiasco now surrounding Neteller. This was a shorters dream. Going on Mr Lanirs record of floating EOL at circa £1.50 and subsequently selling the trading business leaving 49p cash, which he is now buying back for 43p, some would say he has been a very smart man! I would!
It is not in his interest to buy out the company at cash value. At the moment he can sit there and collect a 7 figure paycheck and issue himself more shares at will.
It is not in his interest to buy out the company at cash value. At the moment he can sit there and collect a 7 figure paycheck and issue himself more shares at will.
Where did you here this and what are the implications for shareholders?
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