Bwin.party Digital Entertainment Share Discussion Threads

[hubshank] 02/12/2015 17:30

hxxp://www.pokernews.com/news/2015/12/most-european-gaming-regulators-unite-to-tackle-online-gamin-23516.htm

I like the "reduced costs" as a result of uniform regulation. Very positive and if the US were to follow suit....

[rbcrbc] 26/11/2015 13:21

Has anyone else had the phone call on behalf of the directors ?

[aleman] 25/11/2015 11:44

I think the key figures from the report are proforma (based on Q3) EBITDA for both plus savings works out at Euro233m EBITDA in 2017. Add in the remaining 30% savings for 2018 and you get EBITDA of Euro 270m. This does not allow for growth or World Cup. If all goes to plan, 2018 could break Euro300m. Now put a main market valuation on that. What they don't pay off of the debt from that should refinance much cheaper and should leave plenty of room for a nice dividend.

There is significant execution risk but there looks to be a great deal already in the price.

[hubshank] 25/11/2015 11:05

The above report was on the GVC site, and very interesting to read if one wants all the detail. It gives an insight as to how the finances 'might' work of the combined company.

[hubshank] 25/11/2015 10:53

I lifted this from the Digital Look site which gives a view of what the anticipated EPS might be for 2016 for the combined company. The formatting doesn't paste particularly well, but it is fathomable.

Forecast
Year End Rev (£m)Pre-tax EPS P/E PEG EPS Grth. Div Yield
2015-12-31 175.70 33.47 51.15p 7.5 0.8 10% 40.67p 10.6%
2016-12-31 445.21 75.28 39.40p 11.3 -0.5 -23% 17.20p 4.5%

[tines] 23/11/2015 16:36

Glad I sold half of my holdings but what is going on with Bpty? They should have stuck with 888...

[hubshank] 23/11/2015 15:00

So WPT Asia has been a big success and we have sold out... When I clicked on the link contained within article below, the branding was for "Poker Monster" what does the exclusive 18 month sponsorship entail?

hxxp://www.prnewswire.co.uk/news-releases/world-poker-tourr-jets-back-to-asia-in-january-for-wptr-national-philippines-and-largest-wpt-buy-in-event-in-history-552988781.html

[gotnorolex] 18/11/2015 11:23

An invitation to trade!

[hubshank] 18/11/2015 08:53

Very tight spread is that good or bad news?

[gotnorolex] 17/11/2015 12:46

DANIEL SILVERS SEEKS GREENER PASTURES, GIVES UP BWIN.PARTY BOARD SEAT
NOVEMBER 17, 2015


Bwin.party extends Danske Licens Spil supply deal until 2019

[hubshank] 17/11/2015 11:01

I seem to recall calculating it was worth about another 25p to the share price Can't remember how I arrived at that but that is what has stuck in my mind.

DYOR

[hubshank] 17/11/2015 11:00

Good find Frankie - that is today!!!

[aleman] 15/11/2015 13:09

Yes - but you could knock £100m off 888's equity if they had succeeded. They should compared apples with apples.

[gotnorolex] 14/11/2015 13:03

Verbatim from a recent post!…….When will we see the premium return?
Ever since Bwin.party edged out 888’s offer for bwin.party in early September, the value of 888’s old offer and GVC’s winning offer has almost converged in terms of total value. GVC’s offer was 25 pence and .231 GVC shares for each BPTY share. At today’s prices, that puts the total at £768.23M in equity and £207M in cash, for a grand total of $975M in cash and equity. 888’s original offer is now worth £540M in equity and £326.5M in cash, for a total of £866.5M, for a difference of only £108M. But since 888’s more recent offer was even higher, the total value of both final offers are almost equal.

[gotnorolex] 13/11/2015 14:21

Nice buying, but in moments like these I wish I still had L2 to take a peep at the order book!

[hubshank] 13/11/2015 13:54

Why the drop?

[hubshank] 13/11/2015 13:54

Time Price Volume Value Buy/Sell Type
09:17 110.26p 250,000 £275,650 Buy O
09:16 110.20p 150,000 £165,300 Buy O
11:56 109.80p 150,000 £164,700 Buy O
08:43 110.50p 90,000 £99,450 Sell O
08:37 110.50p 86,580 £95,671 Sell O