32red Share Discussion Threads

[trentendboy] 24/9/2014 19:23

Still missing the POC effect

[gohilster] 24/9/2014 18:27

Why was the PBT down slightly?

[mortimer7] 24/9/2014 15:22

CEO overview of todays interim results

[paleje] 24/9/2014 11:49

Thanks lozler, wouldn't be surprised if ST updates on them later, unfortunately there seems to be hardly any buying appetite.

[lozler] 24/9/2014 11:35

Numis reiterated their buy rating and 100p target after results:

"32Red Plc (LON:TTR)‘s stock had its “buy” rating reissued by stock analysts at Numis Securities Ltd in a report issued on Wednesday. They currently have a GBX 100 ($1.63) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 84.33% from the stock’s previous close."

[pcourt] 24/9/2014 08:53

The 25% divvy hike screamed out to me...sweet. ..p

[mortimer7] 24/9/2014 08:36

From todays results "the second half of the year has started strongly with gross gaming revenues for the first 12 weeks up 23% on the corresponding period in 2013"

[lozler] 23/9/2014 19:38

I imagine they will be great, just frustrating that the wider market is busy killing itself. Will be interesting to see target prices after results, they are currently 95-100p.

[mortimer7] 23/9/2014 18:57

Interims tomorrow. They'll probably reaffirm the post close trding update:
"record revenues with total Gross Gaming Revenue up 19% to £22.6m
(2013: £19.0m) in the first six months of 2014"

Share activity has been quiet of late, so here's hoping the results stimulate some interest.

[mrmark01] 23/9/2014 12:00

results tomorrow?

[mortimer7] 09/9/2014 10:07

Above news now RNS'd.
Interims due 24th Sept.

[lilith83] 09/9/2014 09:29

32Red has this morning finalised a deal to acquire the UK customer database of casino rival Go Wild for an undisclosed fee as the market continues to adjust ahead of the UK’s adoption of a Point of Consumption (PoC) regime.



nice!

[mrmark01] 02/9/2014 19:07

Special DIVI?

[mrmark01] 02/9/2014 19:07

When are the interims due out guys?

[bigdazzler] 02/9/2014 17:51

Today's high is around a key resistance point in my view for 2 reasons. The first being its is the current level of the 200 day moving average a break above this would be bullish.

The second it is a resistance point at previous highs just a over the 65p mark. Closer to home you could argue a double bottom has formed with the lows being April and July of this year around the 46-47p mark. The top of this double bottom is the current resistance level just over the 65p mark. With reference to volume of the double bottom the first part is classic. First bottom is on heavier volume compared to light volume on the second bottom so far so good for this chart pattern to play out.

However the next part is where I have major concerns at present if this pattern will play out which if it did would give a minimum target of 90p.
My concerns are on the rise out of the second bottom it has occurred on very light volume. As price rose for my confidence in the pattern I would have expected volume to expand and then I would want to see very heavy on a breakout above the 65-66pence area.

So at the moment I do not think we will break above the 65p area as I feel this rise is nearing exhaustion.

However if we hit this point and was to break above the 65p on very heavy volume I would change my mind in an instant and target 90pence.

So a little bit of watching and waiting for me.

[luckymouse] 02/9/2014 16:07

Big spike up today - any news or press coverage perhaps? Rumours on another board POCT maybe delayed

[xenawarriorprincess] 20/8/2014 20:03

The Times today...

"
Dominic Walsh

Published at 12:01AM, August 20 2014



A £300 million tax raid by the Treasury on internet gambling companies could be derailed after proposals to tax and licence offshore operators received a legal challenge.

The Gibraltar Betting and Gaming Association (GBGA) has filed a judicial review, claiming the new regime is "unlawful and disproportionate" and interferes with the "right to free movement of services" under European Union law.

Under the so-called point-of-consumption tax, due to be introduced in December, a 15 per cent levy would be imposed on companies based on the place where the bet is made by the punter rather than where the company itself is based.

The move would put a big dent in profits of companies such as William Hill, Betfair and Ladbrokes that have moved their online operations to Gibraltar to take advantage of lower tax rates. Betfair estimated that it benefited to the tune of £20 million a year when it moved offshore in 2011.

Although most operators appear resigned to the changes, with the new licensing regime coming in on October 1, the GBGA - a trade body that numbers Ladbrokes, William Hill, and Bwin.party among its members - has consistently challenged their legitimacy.

GBGA estimates suggest that Britain's move could cost up to 1,300 jobs in Gibraltar, almost a third of those employed in the industry or associated sectors, and put a £20 million hole in Gibraltar's government revenues. Internet gambling is among the territory's most important industries, on a par with financial services, shipping and cruising and tourism.

In its writ against Sajid Javid, the culture secretary, and the Gambling Commission, the trade body claims the move is "designed for economic reasons" rather than to protect vulnerable punters, arguing instead that it "will encourage . . . migration to unregulated or poorly regulated operators which will present genuine risks to the British consumer".

According to the Gambling Commission, the new regime would ensure greater protection for consumers while enabling the regulator to police effectively the 85 per cent of the market it has estimated to be in the hands of offshore operators.

Ivor Jones, a gambling analyst at Numis, said he believed the GBGA's consumer protection point to be compelling, adding: "On balance we expect that the GBGA challenge will succeed and that the new regime will not be introduced."

A spokesman for the Department of Culture, Media and Sport said: "We can confirm that we have been served with a legal claim from the Gibraltar Betting and Gaming Association. We will be responding in due course and continue to prepare for the act coming into force on October 1"

[luckymouse] 20/8/2014 19:29

Well shes creeping up from the lows folks - my calcs agree with the bkrs trgt of 98 (on a rolling fwd 12mth basis) - so even if you decide to chop off 25% for safety I guess that's still 75 !

ATB LM

[61tom] 13/8/2014 15:04

well I believe bet365 has been paying it throughout...

all providers are being forced to pay this tax so its an even playing field

I do think 32red is value here particularly with that sportsbook they have integrated which has plenty of potential (same software as unibet as its powered by them) - and it can be a sitting duck for a predator like ladbrokes. They've built a good brand and this is favouring them in the search engines. I don't understand why they don't start offering games from multi-software houses though...its the modern trend surely...

[trentendboy] 13/8/2014 13:14

Are you aware what this tax is exactly? Why would this be paid voluntarily?

[61tom] 12/8/2014 15:14

isn't all this bullocks about the point of consumption tax bla bla

Bet365 has been paying that for years now being on British soil and its going strong...?

[trentendboy] 28/7/2014 10:00

Building Italy is part of the strategy but it you grind the numbers on such thin profit margins things unravel fairly quickly

[luckymouse] 28/7/2014 01:34

Simon Thompson of IC seems to be suggesting around -25% PBT

I guess its not in TTRs interests to advertise either that it will dent by X or how they will try offset some of X - so the chancellors got them by the cahones. Unless they can pull off a brilliant move - but the mgmnt style seems more pedestrian here

Any counter views welcome

[luckymouse] 28/7/2014 01:23

Any experts?