Gamesys Share Discussion Threads

[the white house] 07/10/2021 06:04

Back in Ballys, deal done, buybacks huge, 53 - 15 bucks below March price, looked cheap then, even better now

[the white house] 26/3/2021 08:46

Ballys up 8pc in NY last night and now 11pc higher than numbers in doc making the .343 paper multiple more interesting by the dayLet it Ride (as per the Vegas game)

[quant_investor] 24/3/2021 22:05

Even after the rise today GYS are priced at 12.5x whilst Bally’s trade on 43.8x for the current year, Would be greatly earnings enhancing if they call pull this off.

Hopefully this will turn out like CDM where the eventual outcome was more satisfactory (after the board accepted an initial low ball offer like this one)

[the white house] 24/3/2021 19:13

Closed 6 positions @ 19.50 letting the other 6 enjoy the rideJackpotjoy for all

[pastybap] 24/3/2021 15:34

£18.50. And imo well below fair value given earnings, cashflow and growth opportunity.

[northster2] 24/3/2021 15:16

What is the offer price?

[quant_investor] 24/3/2021 14:52

SP at a nice premium to be offer price so the market is expecting a counter offer, which would not be a surprise given the valuation compared to peers.

I shall be a waiting developments

[mo123] 24/3/2021 13:19

Or as the Churchill dog says "Oh Yes"

[the white house] 24/3/2021 12:36

200 higher approx and 500 higher than when 1st approached...Bingo

[the white house] 24/3/2021 12:29

Wowser.....

[johnybegood1] 18/3/2021 07:45

Although it's had a v.good recent run, would expect another boost from the 888 results this morning and the statement that growth trends continue into 2021.
The US is where the higher multiples are so GYS should announce something soon here to push them beyond their NJ Tropicana proposition.
But it's Japan/Asia where they have a true competitive advantage and they are stronger here than competitors.
And they are still much much cheaper than 888, ENT, FLTR etc based on multiples despite their v.strong growth, which suggests it's a value bet as well as a growth story

[mo123] 17/3/2021 09:50

Not much new news so only 1 broker comment.

JEFFERIES raises GAMESYS price target 2,150 (1,930) - 'BUY'

[mo123] 11/3/2021 14:12

Canaccord now in agreement with Berenberg 'buy' target set at 1700.

[the white house] 11/3/2021 11:21

Exceptional updateApp downloads looking strong currently on a number/most of their games/casino Ex Div 13 MayQ1 update in April (tbc)Huge amounts of cash being thrown offDebt significantly reduced to lower levelsIncreased divviBuyback on the table for near futureMcap of 3.5bn does indeed look low AND must be attractive to others

[johnybegood1] 09/3/2021 15:14

Looks to be very good value versus peer group. Market leading position in Japan that they have built up over 7 years, with 70-80% growth last year and still growing strongly.
Have also been in NJ since inception and about to announce partnership by the sounds of it. Huge deleveraging, improving dividend, lots of cash flow...can't understand why it's so cheap

[gilgil13] 09/3/2021 14:58

Just came across this today - based on Edison report it's on less than 10x next year earnings, whilst peer group appears to be more like 20x.

I know it has some debt but is there any other reason for the big difference in valuation?

[mo123] 09/3/2021 12:24

BERENBERG raises GAMESYS target TO 1,700 from 1,550.
The Edison report is positive as well.

[gswredland] 09/3/2021 09:07

Yep likewise

[gswredland] 09/3/2021 07:18

Impressive results

[the white house] 12/1/2021 08:38

At top end or above...Considerable forward momentum..Continued impressive performance

[discodave45] 20/10/2020 21:10

Think it dropped about the same amount on last years Q3 as well.

[brownie69] 20/10/2020 20:50

I thought it was a very healthy update.

But the market clearly did not agree.

What ever was the expectation if this is deemed a disappointing result?

[investing2retire] 20/10/2020 09:12

expensive at current prices.otherwise would probably buy.also has a too much debt for my liking

[the white house] 20/10/2020 07:08

ahead of expectations, high double digit growth in Asia, award winning, divvis and potential cash sloshing enough for buybacks....jackpotjoy all round