Gvc Share Discussion Threads

[garycook] 16/1/2017 09:54

Plasybryn,The SD is payable on Tue Feb 14,and not tomorrow.Where do you get your info for a 17/01 payment ?

[plasybryn] 16/1/2017 09:41

Special dividend paid tomorrow.
Many will reinvest the funds given this amazing discounted price opportunity imo.
Cheers

[garycook] 16/1/2017 08:44

brownie,Agree with you too.

[brownie69] 16/1/2017 08:16

A few thoughts on the current share price

We possibly over heated last year in racing ahead of 700p+ with a stribg of positive news releases and admission to the FTSE250.

Some industry and regulatory poor news which has affected the sector.

However.

Nervous and weak holders will have been shaken out.

Weak pound improves GVC's overseas earnings.

Integration of Bwin remains on track thus derisking the process as they get through it.

Good recent trading RNS's.

Back into dividends thus opening up the income funds as potential buyers.

All in all it adds up to my thinking that the upside now has to be greater than the downside.

[garycook] 16/1/2017 00:55

Totally agree with that.

[mylands] 15/1/2017 23:35

Pound sinking to new lows against the dollar and down to 1.13euro/£.

We have been hearing constantly that the reason for the footsie reaching daily all-time highs is because the overseas earners are benefitting from sterling's fall, whereas GVC also a benefactor from sterling weakness has seen its share price fall by nearly 20%! At some point there has to be a correction of this disconnect.

[garycook] 14/1/2017 01:59

Festario,Good comments

[festario] 14/1/2017 00:10

.... oh, and by the way, in value terms, the increase in capital this last 12 months (if you were to sell your shares) works out at 4.5 times the dividend we had to forego to in order to reach it.

[festario] 13/1/2017 20:19

It's a blue day, simply be thankful for it.... and we are still FIFTY percent higher than this time last year. Chill.

[velod] 13/1/2017 19:30

That's disturbing Mylands - at this level. It did try above 620p+ earlier - that's 2 days (or is it 3 now?) it couldn't hold above that (even after breaching it) - and at such a lowly share price level too.

. . . My opinion is that private investors don't even touch the sides in moving a share price significantly. There is only one animal in the jungle that can do that - institutions and the like. PI's convince themselves on BB's we make a difference - but we don't.

Of all the deep retraces whilst in XD period, this is the deepest in GVC history when comparing the relative size of the current divi to the share price on XD day. And still I have yet to read a REAL reason for the retrace from September 20th last year. No one knows, there's nothing to point the finger at but platitudes of sector weakness, govt impending regulations, directors selling.

. . . Whatever, the double digit % unremitting decline in the share price from last summer has no definitive catalyst for the retrace. None - no rumours of wrong doing - only good fundmentals, good RNS's and excellent trading updates. I keep drawing lines in the sand - But they keep getting breached. Here's another one - Feb 12th for obvious reasons. Is there anyway on earth someone's name can be attributed to the big sells seen on the trades - and thus get to the bottom of this? (Pun intended)

[mylands] 13/1/2017 16:11

A couple of very big trades gome through, one of a million at 618.5p and another of 2.393 million at 621p. Looks like the dumping of stock is continuing.

[shayadfn] 13/1/2017 15:46

Anyone think that we may be surprised by a trading update shortly, I'm looking to add in the coming weeks

[mnomis] 13/1/2017 13:08

Thanks for posting Crookman.

[cheshiremoggie] 12/1/2017 22:24

Well spotted crookman.

I have no objection to well thought out criticisms of a company and the directors are certainly well paid but that issue has been debated and you either think they get too much or you dont.

The rest of what he said wasn't really up to much.

Btw, the share price is back to where it was last Summer - not really a disaster except if you paid over £7 a share.

If you did, lie back and think of the dividends!

CM.

[crookman] 12/1/2017 15:49

Just had a dig around II and found that eagle51 sold GVC in July'14 and used the funds to invest in XEL and JIL, this explains his issues. GVC went up ALOT and both his new investments are pretty much worthless. CM you are spot on in your assessment of him. "eagle51 sounds rather jealous of people profiting (very) well from turning a small business into a medium/large one."

[cheshiremoggie] 12/1/2017 13:54

Crookman I agree, its good to read anything to do with my investments, however well or badly put together.

Thanks.

CM.

[crookman] 12/1/2017 13:42

CM, I'm on the same page as you, just thought others may be interested to read it.

[cheshiremoggie] 12/1/2017 13:38

crookman.

There is so much wrong with eagle51s post I hardly know where to start - so I won't.
8-)

If the business is doing so badly how is it managing to pay debt down by around (iirc) $130m this month.

Thats not 'accounting' money, its hard chewable coinage, as is the cash required for the dividend.

eagle51 sounds rather jealous of people profiting (very) well from turning a small business into a medium/large one.

CM.

[chartsworth] 12/1/2017 13:20

In the blue again!

[crookman] 12/1/2017 12:14

here's the content anyway, from eagle51

Bit surprised no-one seems to have commented on the co's CFO, 'roco' Cooper "doing a runner" come March (maybe before - I doubt he'll want to sign off the 2016 accounts). I see his contract requires a year's notice so I don't expect we'll see him trousering a few more million for making way for the new man from Wonga (you couldn't make it up). Don't hold your breath here - seems to me it's highly likely he'll be very well rewarded on his retirement (he's had so much out of GVC he should never have to work again - who's next?).

How much was it that Alexander, Cooper and Feldman (the latter the NED inc bonuses he gets as a result of chairing the committee that approves such things - in direct contravention of the UK code of good practice) took out in salaries, special fees, bonuses, call it what you will, last year? Grant Thornton should be ashamed of themselves for lending their name to what I see as a farce. Mind you, GT were the ones who signed off Globo's accounts as 'true and fair', a month or so before it emerged something was very badly amiss (like €100m of cash that wasn't there and multiple trading operations that didn't exist) - I wrote about all the things that were wrong in GBO on these boards back in 2012. It was as plain as a pikestaff something was very badly wrong but GT didn't spot it and they had unfettered access to all the records ffs.

Surely a recent entrant to the main market like GVC would want absolute transparency and clarity and for everything to be beyond doubt? Yes of course they would, so I'm expecting one of the Big 4 firms to be approached to act as auditors fairly soon. Don't hold your breath.

Beneath all the hype of 'clean EBITDA', exceptional items (inc professional fees of €23m - how much? - for advising on the Bwin acquisition and I assume main market listing - goodness knows why the application was even considered given this company's highly unusual - I'm being polite - arrangements around directors' "rewards") lay a loss of €89m in H1. No doubt performance in H2 will be sensational and cash flow repaired, but bear in mind that in this industry cash arrives in advance because betting isn't generally done on credit. So to me, the dividend that was paid to keep the mugs happy was paid out of money either raised from new shares issued, and borrowed, to make the acquisition and provide the means to keep available cash balances high to keep 'investors' sweet

This company is now valued by the market (ie by its share price) at close to £2bn.

How much? Some people at least seem to have spotted what might be seen as an "anomaly". Look for even bigger acquisitions to come.

I am not for a second making any improper suggestions about GVC or any other company in posting the link below. I post it because background reading about all forms of investment is always to be recommended.




Did I note one of the non-execs selling 800,000 shares a couple of days ago? Add that to Roco going in March and is it starting to form a pattern?? The share price hit £7.50 and is now struggling to stay above £6. Sounds like a few might be wising up to who's done well out of this IoM operation (ie which is not governed by the UK Companies Act) and what it seems might be going on.

The above are my personal thoughts only and are intended only to stimulate healthy discussion. I make no suggestions of malpractice about anyone - perish the thought - least of all the executive and non-executive directors. Readers should do their own research and form their own views.

[crookman] 12/1/2017 12:12

Also just spotted an interesting post on II
[...] won't let me post the link....

From an eagle51 which sounds like something our SSW would post but without the typos. not seen that name on the II board before.

This guy is REALLY not impressed with GVC.

[crookman] 12/1/2017 11:49

Been waiting for some more jabbing from Slippery and was surprised not to have heard anything yet. Took a look at his posting history and it seems something had happened to him!

His last post was back on the 5th Jan mid winding someone up on another board, then nothing?

Looks like his past has caught up with him!! Just look out for SSW 2.0 under a new name sometime in the future.

[velod] 12/1/2017 10:23

With all UK FTSE indices still in red (increasing slightly since my last post) and after that early morning fright of a badly falling SP, and bearing in mind it's still only 10am-ish, and despite all that - I feel more and more confident in reiterating that I don't think the share price will close below the last long retrace (before today's!) intraday low of 609/608p-ish - given that currently it's only 5p or so below last night's close so can still rightfully say well within temporary, XD period vacilliations.

[nurdin] 12/1/2017 09:54

I didnt think Nick was trying to paint a bright picture.Just gave me his thoughts on the likely issues as he saw them

[666james] 12/1/2017 09:48

I have always felt that the investors dept. of any company will give you the brightest picture possible so has not to send the shares any further south. We will see