Gvc Share Discussion Threads

[mylands] 24/3/2017 13:23

WH. What an earth is your problem?

[woodhawk] 24/3/2017 13:07

Oh, please - not the 'buy' or 'sell' nonsense again!! What does it matter?

[mylands] 24/3/2017 12:54

Did anyone see what the trade size(s) was that pushed the volume up from
about a million to three million? Was it buys or sales?

[srpactive] 24/3/2017 12:30

wh

I appreciate what you say and agree, but he ruined a company
worth £2bn, and sold for half that, then becomes a multi
millionaire due to it, even by selling too early he still
made over £7m, totally disgusting.

[woodhawk] 24/3/2017 12:27

GVC is the best investment I have made to date. After yesterday's news, I think my current gains will be dwarfed by what is yet to come over the next couple of years. I will sell short term - but only in order to increase my holding should I see an opportunity.

[coxsmn] 24/3/2017 12:15

My best and honest advice is not to sell GVC unless you absolutely desperately need the cash and don't be tempted to sell to invest in an alternative company you think might perform better. Follow these rules and you will be a winner.

[woodhawk] 24/3/2017 11:59

Norbert is the greatest contrarian indicator I've ever seen. You can bet he'll sell mere days before a whopping great rise. Anybody know what else he's got shares in?

[finkie] 24/3/2017 11:52

Norbert is an idiot....the quick turnaround by GVC of BWIN prove this, his understanding of value is equally flawed by the sales of stock he should never have been given in the first place.... millions of shares given to an idiot who couldnt run BWIN isnt acceptable to my eyes.

[speedsgh] 24/3/2017 11:31

I do hope Norbert isn't looking for a new career trading in financial markets, going by the timing of his previous sales!

8/2/16 sold 460,000 @ 490p = £2.254m, would now be worth £3.45m
5/1/17 sold 800,000 @ 644.528p = £5.156m, would now be worth £6m

[srpactive] 24/3/2017 10:52

mylands

Yes I made a similar comment the other week.

Nurdin

Agree and the idiot that was ceo at the time has been
made a very wealthy man due to his gvc sales.

[mylands] 24/3/2017 10:47

888 closing in on the 300p they said they were worth when they turned down Hills offer of 240p.

Maybe they will be a willing seller soon?

[srpactive] 24/3/2017 10:12

loganair

Another very good post, yes an excellent gvc rns it was.

I think gvc have been pleased with the bpty brands as mentioned, but
we must remember prty was one of the biggest US operators at
one time time with the likes of Mr Bolton involved. Massive opportunity
in the right hands.

[loganair] 24/3/2017 09:47

An interesting snipped from the Final Results:

A strong driver behind the company’s performance was a 37pc rise in first-time customers using the Bwin sports site. Mr Alexander said sport was a particularly good way to attract customers and then cross-sell them into other areas, such as casino games.


A little news from William Hill:

This week the bookmaker confirmed its market withdrawal from Poland to customers and media partners stating that it would shut down its Polish betting services on 1 April. The bookmaker has asked its marketing partners to stop all campaigns and will now move to clear Polish customer funds.

[srpactive] 24/3/2017 09:07

Mylands / WH

As I mentioned the other week the most important date
is the Capital markets day on the 25th May, all will
become clear then I feel. KA has proved with sbt and
bpty he is a probably the best in his field and they
want to back him.

dyor

[garycook] 24/3/2017 08:59

srp,Agree with you on 888,and FTSE 100 inclusion.

[woodhawk] 24/3/2017 08:55

Will we take out the previous high next week?

[mylands] 24/3/2017 08:49

On the move !

[srpactive] 24/3/2017 08:20

WH

Yes, I think gvc will take out 888, and by doing so
will have some very influential people involved.
The more they have involved with paper it becomes
self fulfilling. We have bpty and sbt people already
in with paper, now for 888. I have always mentioned
ftse 100 inclusion it will happen.

dyor

[woodhawk] 24/3/2017 07:47

There's a huge array of very positive press regarding these results, across the board from the Daily Mail to the specialist gambling press - as, of course, there should be after such a huge achievement. Even Calvin Ayre seems to have changed tack! I can't believe the share price is going to remain below 800p for much longer now, especially so with the second special divi and the reintroduction of the progressive dividend policy. Income seekers are going to be hot after this - with divis likely to rise quickly going forward - particularly with inflation now rising more strongly. Furthermore, according to the Times article above - Kenny reckons the FTSE100 maybe only a year or two away!

[speedsgh] 24/3/2017 06:58

GVC cries tally-ho after its bet on Bwin.party pays off -

It is little more than a year since GVC Holdings bet the house on a £1.1 billion takeover of Bwin.party, but the fast-growing online gambling operator is back on the hunt for its next target.

Kenny Alexander, chief executive of GVC, said that, with the Bwin integration completed and its growth potential “way ahead of the curve of where we thought we would be”, a further deal in the next 12 months was “better than even money”.

He insisted that organic growth remained the priority, saying that there was “a hell of a lot more to come” from Bwin. However, he said the company had the financial firepower to seek further targets, adding: “If we find the right thing, we won’t hesitate.”

There was speculation just before Christmas that GVC had held early-stage talks with Ladbrokes Coral, while William Hill and Amaya, the Canadian owner of Pokerstars and Full Tilt Poker, have both been cited as possible bid candidates.

Mr Alexander confirmed that he would consider buying a company with a retail unit — “it would not put us off if the numbers stacked up” — suggesting that there were potential businesses in Italy that had online and retail operations. Since the Bwin deal, GVC’s share price has soared by almost three quarters, valuing the company at £2.1 billion.

Mr Alexander said that entry into the FTSE 100 was “a realistic possibility in a year or two, though we’ll probably have to do a deal”.

Although GVC recently secured a new €250 million (£215 million) debt facility, he reassured investors that “you won’t see us going into nosebleed levels in terms of leverage”, and any deal would probably involve issuing paper to the vendors. “People taking paper in our previous acquisitions have been well rewarded,” he said.

GVC, which leapt to prominence in 2013 through its purchase of Sportingbet, yesterday reported a 26 per cent increase in underlying earnings to €205.7 million for last year, amid improving margins, from revenues up 8 per cent, or 11 per cent at constant currency, to €873.2 million. Net gaming revenues rose by 12 per cent at constant currency.

After costs of €117.8 million from the Bwin deal, GVC reported a statutory loss before tax of €138.6 million.

Reflecting its better than expected performance, GVC declared its second special dividend of the year, amounting to 15.1 cents, lifting the total for the year to 30 cents. From this year, it will adopt a progressive dividend policy, paying out at least 50 per cent of free cashflow.

“When we acquired Bwin.party nobody expected us to declare any dividend in 2016 and we weren’t expected to pay one until the second half of 2017, but given the strong underlying performance we were able to reward our shareholders,” Mr Alexander said.

Asked to explain the greater than expected upward movement from the Bwin.party deal, Mr Alexander said: “Operationally they were pretty weak. The return on the increased marketing investment has been strong. We probably underestimated the power of the brands.”

As well as putting investment behind the turnaround of the “challenged” Partypoker and Partycasino brands, GVC launched 650 new casino games.

GVC announced the appointment of Will Whitehorn as senior independent non-executive director.

Mr Whitehorn, a former president of Sir Richard Branson’s Virgin Galactic, is the deputy chairman at Stagecoach and a non-executive director of Purplebricks. He is also a member of the Scottish first minister’s GlobalScot business mentoring network and chairman of the Scottish Gallery.

Shares in GVC gained more than 5.3 per cent, closing 38p higher at 746p.

[speedsgh] 24/3/2017 06:55

GVC set for more outperformance, says Numis -

Numis believes a capital markets day at GVC Holdings (GVC) could be the catalyst for further share price outperformance as the online gambling company announces a second special dividend.

Analyst Richard Stuber retained his ‘buy’ recommendation and target price of 850p on the stock, which advanced or 22.5p, or 3.2%, to 730.5p on Thursday.

‘GVC results were in line with previous guidance but included a second special dividend taking annual dividend per share to 30 cents – 3.5% dividend yield,’ he said.

‘Trading year-to-date has been encouraging. GVC shares have risen 11% year-to-date and now trade on 15.2x price/earnings ratio...we expect interest to grow as we approach the capital markets day, scheduled for 25 May. This will focus on its technology, products and brands, and in our view may be the catalyst for further share price outperformance.’

[coxsmn] 23/3/2017 19:21

I've followed GVC for many years, there is no better place to invest ones money.The suprise is always to the upside.Strong profit growth, jackpot dividend payments and you can be sure next year will be even better!Dyor.