Partygaming Share Discussion Threads

[guidfarr] 11/2/2011 19:45

well i grabbed some it was tooooooo inviting - rock bottom price and what with the opening of the USA and rumours in China from Betsson...

[indomie] 11/2/2011 17:58

any idea when jeremy hunt is likely to announce his clamp down and changes to the gambling act?

[jezza123] 11/2/2011 17:04

Well looking at that chart - somewhere above 150 is the next obvious support.

at 88p I'm buying loads and loads.... hell at 100p I'm doing that....

[dealy] 11/2/2011 12:32

TA was invented so idiots could also participate in the markets.

[srpactive] 11/2/2011 11:49

IMHO the shorters appearing here is a good sign.

Like the taxi driver indication.

dyor

[adparker] 11/2/2011 11:00

Chart head and shoulders pattern in my opinion indicates further weakening of the share price down to previous lows around 88p. This can be calculated by taking the high point of 340p (head) and subtracting the neckline of 214p = 126. By subtracting the same amount below the neckline gives 214p - 126 = 88p

[pedros99] 11/2/2011 09:32

shows no sign of stopping, no support at all at even these levels, where will this stop ?

[linney3] 10/2/2011 19:16

Pedros - post 15685.My view is that this share is in the grip of shorters.Uncertaintly in any share makes this an easy target.Would like to get back in here as I have lost a considerable sum in the years gone by,but now is no the time imo

[bleepy] 10/2/2011 18:15

Could be a long wait for EU and Germany to agree re-proposals surrounding compliance or non compliance.Posturing and countering seems to take for ever.
Until then its status quo,as always its protectionism for the self serving few instead of listening to the many.Money talks and walks in the corridors of power it would seem.
Mind you following the Italian model would net the government huge gains in both taxation and licenses,just the small matter of persuading the few somehow.

[francoismyname] 10/2/2011 17:45

Just a note on the directors who continue to pay themselves wages that are above the pre pull out from america 4 or so years ago.

The price now stands at the old 17p and yet the directors still are in clover. We don't even get a dividend.

None of the directors are evn buying shares at this low level which gives you very little confidence.

[grizzly bare] 10/2/2011 16:45

Grizzly Bare - 23 Dec'10 - 15:11 - 15574 of 15612

Testing previous low of 206p. Not looking good.

Downtrend support at 198p/200p. If this breaks ....this is going down a lot further.

[bleepy] 10/2/2011 13:21

Motley Alliance of Diversified Interests Mortally Wounded Online Poker's Chances in US

Indeed, the most flabbergasting incidence was strong opposition from powerful individuals and companies within the gambling industry, including many people who prosper by serving the needs and desires of average poker players. Protecting one's turf might be justifiable in a debate about public policy. But the deeds of some within the gambling industry were an atrocious exhibition of hypocrisy

[jezza123] 10/2/2011 10:14

Frauchi -

so you really believe the Germans will ban poker? I agree with the guy who wrote the article in the link I posted, I just don't see it, but then the US surprised me, so anything is possible. Although, I am under the impression that there are elections soon in Germany? So the 'nothing happens' possibility looks strong if that's the case....

[frauchi10] 10/2/2011 10:08

@ Jezza

I think that Germany will only allow sports betting and add taxes either on wagers (worst case) or profits.

A realistic scenario could also be that they just didn't change anything.

An Italian scenario is quite unlikely as only one small Bundesland (Schleswig Holstein) proposes to regulate all kind of online gaming.

Sad but true.

Always when I think it can't fall further it loses another 5%!!!!

[salpara111] 10/2/2011 10:01

Not looking like one of my wisest investments, having said that, sentiment in against them and when that turns the share price will move with it. At the moment there are just too many uncertainties in the regulatory environment to allow for a sustained rally.
I am still hoping that the merger will bring some stability to the stock.

[frauchi10] 10/2/2011 10:00

I'm holding this stock already for several (entry level GBP 3.10) years as I initally thought one day PRTY would be back in the US.

As I realized that this is probably never gonna happen I still kept it as there was enough money to be made in Europe and even without US I was expecting this share easily climb back above GBP 5.--

But now I'm seriousely frustrated as it looks like an US scenario will happen in the most important European countries too and there won't be any future at all for PRTY.

On top of that my base currency is not GBP and due to the fact that I'm losing another 20% on the FX this investment is a real nightmare.

[pedros99] 10/2/2011 09:53

utterly ridciulous, there is no weakness in this share yet it is plummeting liek a stone, really dont understand the drop here, do we not know something ?

[jezza123] 10/2/2011 09:53

thanks that's very clear -

the bottom line then is what is the political 'agenda/atmosphere' in Germany like? how likely is it they will go the way of France or the way of Italy?
I am guessing from you have said that Germany doesn't actually generate any kind of income via tax at all under the status quo? Meaning, it seems the strongest incentive for doing something about the situation is to obtain a new tax revenue stream. What are your impressions?

I found this



I am certain the Germans, being pretty much a pragmatic race, would chose to simply allow on-line poker, and enjoy new revenues for taxes.

[loganair] 10/2/2011 09:50

Under a Napoleonic French law certain gambling activities are and still are illegal and is why the people who head Bwin were wrested a few years back and had to each pay a €300k bail.

They still have this arrest warrant out on them, but have a licence to operate in France, with the French judiciary system still holding the bail monies.

So many European countries domestic laws when it comes to outside operators are in direct conflict with EU law.

[outfly] 10/2/2011 09:43

From over £3.00 to under £1.80. I didn't think it could go any lower, what a dog.

[jezza123] 10/2/2011 09:24

I am still very confused here - if it is illegal to online gamble in Germany, and as you put it foreign companies are not allowed to be used for betting. How can the situation get worse for PRTY?

[frauchi10] 10/2/2011 09:12

It is against the EU law that Germany allows betting and gambling for state owned providers but not for foreign companies which is the case at the moment.

But if Germany would prohibit casino games and poker for all providers then it would not be against EU law. If this would be the case it would really hit PRTY revenues!