Bwin.party Digital Entertainment Share Discussion Threads

[srpactive] 07/9/2015 07:35

Eu markets set for a positive start.

[stephen1946] 07/9/2015 04:44

Asian markets flat at the moment, lets see how they close.

[srpactive] 06/9/2015 20:48

Probably pay gvc two dividends before deal as gvc will be uneffected
until the deal, but then pay an another late 16, the gvc board get
paid based on shareholder dividends. Also lookjng for a share price north of 650p.
This will ensure gvc board get massive pay day.

dyor

regards

active

[eeza] 06/9/2015 17:50

@badtime
Yes, agree - just pointing out that now tentative agreement has been reached the BPTY share price will now rise and fall with the GVC SP, but at a discount until the deal is ratified.

[stephen1946] 06/9/2015 16:55

This has the makings of double class of shareholders, GVC preferential, BPTY non-preferential. Stinks for me. well pleased to be out.

[gotnorolex] 06/9/2015 16:49

New shares to be issued first quarter of '16

[ecoover] 06/9/2015 16:16

They should also do it for 2016 to appreciate gvc shareholders loyalty.

[loganair] 06/9/2015 16:13

The RNS clearly states that the new GVC shares being issued to Bwin holders will not be able to claim any GVC dividend that maybe declared during 2015.

[ecoover] 06/9/2015 13:20

re : divi
Trading up-date from 28 August , just few days before the Friday rns states that GVC expect to announce the second interim divi with Q3 update which will be publish in Q4 .

Whereas the Friday's rns says that GVC will pay further divi of 14 cents on completion being done .
So in one rns we have second interim divi and in the second rns we have further interim divi.
I also think it will be one divi but because different wording in both rns I have e-mailed investors relation in GVC.

[badtime] 06/9/2015 13:04

eeza wont part also be down to the div that gcc will pay pre completion that bpty holders wont get

[eeza] 06/9/2015 12:29

@Shay

It is contained in the RNS of 4 Sept - but is a long document,
This excerpt taken from ikt ( about 1/3rd down).

"The GVC Directors estimate that the implementation of the measures required to generate these estimated synergies and cost reductions would give rise to one-off costs of approximately EUR60 million, over 95 per cent. of which would be incurred by the end of 2016. This would allow GVC to resume the payment of dividends in 2017 following a pause in the dividend through 2016, when most of the costs of achieving the expected benefits will be incurred."

See also posts #19152 & 19161 on GVC thread.

Link to RNS:-

[shayadfn] 06/9/2015 12:03

Thanks eeza, I have been looking for that RNS, unsuccessfully, which mentions the dividend issue.

[eeza] 06/9/2015 11:30

Part of the fall in BPTY share price on Friday will have been due to the GVC share price drop, because share component of the deal will now be less - so the deal is now less than the 130p it was....& the market will apply a discount to the perceived BPTY share price value until the deal is ratified.

[eeza] 06/9/2015 11:26

There is 1 more GVC divi before completion of the deal, & then GVC div is suspended until 2017 (as per RNS), and when re-introduced will target the average of the sector - although it was suspended during the Sportbet deal and was re-instated earlier than expected.

That is my understanding of the situation.

[shayadfn] 06/9/2015 11:10

Hubs, I hope this is it, the way the bpty share price reacted on Friday was a surprise, I have being reducing some of my gvc holding ( from 156k to 147k)may possibly add to my bpty holding. The divi on the gvc is the best thing as well as the share price stability, I hope they don't cut the divi yet.

[hubshank] 06/9/2015 10:15

Frankies I can't open it - what's the essence of it please?

Shay, do you not think this is it? Ie GVC will not just want to get on with the deal. The way I read it the cost savings are to be made over next 2 years and references to this 1/4 a dividend suggests they want deal concluded by year end IMHO.

[stephen1946] 06/9/2015 09:39

China look like tanking on its return on MONDAY am. The European markets will be trashed, followed by a Wall collapse. The point being, should I be proved right Cash will be king, and depending how long the Chinese crisis lasts will depend just how wise GVC have proved to be.

BPTY has proved to be very expensive and the debt mountain that GVC now sits atop, could eventually become a real millstone.

Personally I am out of Gambling stocks and will remain so, waiting for the Asian explosion, the Yanks are clueless. GLA this market is currently built on sand. imho.

[shayadfn] 06/9/2015 08:40

I have shares in all 3 companies, although my GVC holding is the largest. I'm surprised at Mattingley's response, I was thinking of buying more 888 when I get the cash component from the bpty shares. Last time I went all in to buy extra GVC share from my Sportingbet cash component. Looks like this is going to be a long drawn out process.

[hubshank] 06/9/2015 07:07

Serious sour grapes from Mattingley. Makes him sound like a total idiot though, as he was going to buy a company that he now claims he doesn't believe in, despite said company making, albeit small, steps forward, whilst his own company goes into decline!
Glad 888 didn't get it if that's his true colours!

[gotnorolex] 05/9/2015 12:05

Corporate Professional indemnity?
That's just 0.1% of the 5 billion in combined revenue from both sports-books alone!

[gotnorolex] 05/9/2015 09:14

Sour grapes from Mattingley!

888 executive chairman Brian Mattingley told the Financial Times his board had “looked and run several models several times and we were nervous … it may have been a transformational deal but it was too risky.”

Mattingley also claimed that he didn’t see the new GVC/Bwin as a competitor. “They will take what failed with Bwin and do more of it. They have the same platform, the same managers, the same marketing. They even still have Norbert [Teufelberger, Bwin.party’s CEO, who will stay with the combined group as non-executive director]. The guy who destroyed the value of the company is still in there.”

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Fight for Bwin part of broader consolidation in the European gambling sector