Gvc Share Discussion Threads

[srpactive] 15/3/2017 11:37

Here is the article.

dyor

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Playtech's billionaire founder Teddy Sagi has sold more shares in the company

Bradley Gerrard

15 March 2017 • 8:54am

Playtech’s billionaire founder Teddy Sagi has sold £113m worth of shares in the company that were supposed to be held in lock-up until the end of May.

Brickington Trading, part of a trust whose ultimate beneficiary is Mr Sagi, announced the sale of 38.7m shares at 850p at the end of November but agreed as part of this transaction not to dispose of any further shares for 180 days.

This would have prevented Brickington from selling further shares until the end of May. However there was a clause that said these conditions were “subject to customary exemptions”.

Now Playtech, a gaming and financial derivative trading technology company, has said Brickington has agreed to sell 13m shares to Boussard & Gavaudan Investment Management at 872.5p each.

The London-based asset manager, which is part of the broader French group, approached Brickington unsolicited.

The latest sale is equivalent to 4.1pc of Playtech’s shares in issue and will reduce Brickington’s stake to 56.58m shares - roughly 17.8pc of the company. Brickington will remain the largest single shareholder following the sale.

The deal has been allowed by UBS and Brickington has agreed not to sell any Playtech shares until May 29 at the earliest - but again “subject to the same customary exceptions and UBS’s consent”. The investment bank executed the sale on Brickington’s behalf.

Boussard & Gavaudan will also not be able to sell the shares before the same date.

The stock is down roughly 2pc in early trading to 889.5p.

In February, Playtech announced a 41pc rise in pre-tax profits to €200m (£174m) and boasted net cash of €345m on its balance sheet.

"Playtech is a company which I believe will continue to achieve significant growth over the coming years," Mr Sagi said.

"I also see opportunities in property, co-working and e-commerce and want to expand my business interests in these sectors.”

Besides Playtech, Mr Sagi also launched online payment service provider SafeCharge and web distribution business Crossrider. In terms of property, he owns Holborn Links Estate, which encompasses London's Sicilian Avenue, and has a significant stake in Market Tech Holdings, which owns London's Camden Market.

[srpactive] 15/3/2017 11:27

The dates relating to his sales interested me, he had agreed not
to sell any more after his November sale until the end of May,
but has sold early, GVC have a Capital Markets Day on the 25th May.

Interesting, could he be releasing funds for another reason?

dyor

regards

active

[srpactive] 15/3/2017 11:19

TEB

Didn't a poster mention the other week that there
was talk of a possible gvc/ ptech link up?

dyor

[trentendboy] 15/3/2017 10:46

Still good news IMO.

Lowers the overall percentage to a more credible level

[srpactive] 15/3/2017 10:42

Article in the Telegraph

dyor

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

Playtech founder Sagi negotiates escape from lock-in agreement to sell more shares

[woodhawk] 15/3/2017 10:33

Good points, Tim!

[timanglin] 15/3/2017 10:07

there are now 3 drivers for dividend payments, refininancing(making considerable savings - ?40m euro), synergy savings(2016 - ?65m euros ??), turnaround/growth of previous BWIN business. However there has been clear statements about further growth through mergers and acquisitions. Whichever GVC should be throwing off cash. dyor, imho.

[srpactive] 15/3/2017 09:50

Lets hope so I have a chunky aly one arriving on Friday also,
could be either putting it in here on hgm, whichever
one is next to go xd.

dyor

[woodhawk] 15/3/2017 09:26

Looking forward to the divi announcement next week. Another chunky special?

[srpactive] 15/3/2017 09:23

Morning all

I think we will have a blockbusting next couple of
months, first the Final results on the 23 March and
then the Capital markets day on the 25 May.

I am expecting another transformational year.

dyor

[woodhawk] 13/3/2017 16:32

Spot on, nurdin!

[mylands] 13/3/2017 11:00

Divi

You are correct, I was forgetting about the prelim statement. He would be restricted from selling so close to the announcement.

[nurdin] 13/3/2017 09:15

Reversal this pm... probably...as is the usual pattern

[woodhawk] 13/3/2017 09:10

Walked down on miniscule volume again this morning.

[diviincomesearch] 12/3/2017 11:36

Would Norbert not be restricted on selling shares given we're close to full year results?

[mylands] 12/3/2017 11:21

Agreed!

By the way there was another trade of 100k done at the same price within a few minutes of the big trade. Maybe the same seller?

[woodhawk] 12/3/2017 10:42

Mylands - if that was Norbert selling the last of his holidng then I hope his sale proves as poorly-timed as his last two... when the share price rocketed almost immediately afterwards.

[velod] 11/3/2017 11:46

Catching up today on some recorded, finance channel TV news summaries for the week.

. . . Many probably already know that this current market is up there with the longer bull market runs, but it was confirmed that Thursday just gone, marked this bull market as now moving up to occupy the second longest bull run in recorded stockmarket history at currently 8 years long - and counting!

. . . The longest bull market in history was the 13 year run that ended in the 2000 era Dot.Com crash.

. . . It's a given that the longer the bull market the heavier it falls when it ends.

. . . Sobering to realise that this bull market has lasted longer than the back then, record run, that ran up and ended in the 1929 crash.

. . . Enjoy the weekend:) - said Cheerful Charlie.

[mylands] 11/3/2017 09:51

Only one reason the volume was up was a single trade of 1.4 million done just before the Dow opened at 721p. Is it possible Norbert has bailed out, didn't he have about that much left?

[velod] 10/3/2017 21:48

Just as I had hoped, it closed in the high teens, leaving a close in the 720p’s until next week.

. . . Hopes for Monday are that it closes at not much more than a modest 725p (and thus storing away, 3 support points above the 700p floor, therefore making any bears commit serious funds if attempting a retrace. In other words, not at all keen on it closing in a spiky 730p’s area on Monday.

INMO 725p will just about keep it sweet, for Monday. Further confirmation that this little bull run is no manipulative flash in the pan is that volume was massively up and well above the long term average volume today, at up 72% - and an even greater increase over the medium term volume.

. . . So, if I dare say it, as good as banked with little fear of a quick retrace back to 700p on that kind of substantial increase in volume.

[woodhawk] 10/3/2017 16:33

Nice little surge back up at the end there. Onwards and upwards! Good weekend all!!

[shayadfn] 10/3/2017 14:20

good move upwards today, I may add next week- Anyone notice that the trading profile for 888 and gvc are very similar- for the day so far?

[trentendboy] 10/3/2017 13:09

888 will be the other winners indeed888 will go soon to pokerstars or gvcSomething has to give

[cheshiremoggie] 10/3/2017 13:01

With regard to that WMH CEO position - some people have complained about the size of the salaries/bonuses of the board. If they were not so large KA and half his team might be, as we speak, settling in to new desks at the previously mentioned WMH.

Where would that leave GVC?

In a mess I would say.

CM.

With regard to a takeover, I'm firmly of the belief that you run your profits - we are sitting on a thoroughbred horse here and the next 5 years+ should be very exciting for the industry. I would rather ride this horse to the finishing line that take £10 a share now.
I see GVC as having the potential to be £30+ a share in 5+ years...