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BPTY Bwin.Party

124.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bwin.Party LSE:BPTY London Ordinary Share GI000A0MV757 ORD 0.015P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 124.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 124.00 GBX

Bwin.party Digital Entertainment (BPTY) Latest News

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Bwin.party Digital Entertainment (BPTY) Discussions and Chat

Bwin.party Digital Entertainment Forums and Chat

Date Time Title Posts
02/2/201610:15Bwin.Party just as b4 but even more fun6,781
08/9/201510:56*** Bwin ***12
23/3/201311:40BPTY: I bet the party is starting!2
28/10/201117:31BWIN Party with Charts & News5
04/7/201119:09Partygaming is dead, long live BPTY77

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Bwin.party Digital Entertainment (BPTY) Most Recent Trades

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Bwin.party Digital Entertainment (BPTY) Top Chat Posts

Top Posts
Posted at 06/1/2016 14:19 by yesrupnel
Thanks for all your assistance.

I have looked at the first two options and it works out that the immediate value of the options is very nearly what the BWIN share are worth now.

That of course is assuming that the GVC share price (to get 0.231 GVC share per BWIN share) is about £4.40 which is a rough estimate of its value over the last one year.

Do we think that the GVC share price will be around £4.40 after the takeover takes place and the next couple of months or will it fall/rise substantially straight away?

Of course we all then hope the GVC share prices rises in the many months and year ahead and the dividend payout is good and fundamentally better run than BWIN to hopefully gain overall in the near future - say 6-18 months.
Posted at 16/12/2015 15:58 by bonnard
The price of BPTY is now linked to the price of GVC. It will be 0.231x the GVC price plus 25p.
From my limited experience, the BPTY price will stay slightly below that until the takeover happens. This is because the market makers will take their cut from the holders who want to cash in their BPTY shares and not take up the CVC offer.
Posted at 29/10/2015 07:42 by bonnard
The offer by GVC to buy BPTY is not fixed because it includes GVC shares which are trading on the market and change in value from day to day.

The buyout offer is for 0.231 GVC shares plus 25p for each BPTY share.

So if GVC is trading at £4.00 which it is close to at the moment, BPTY shares are worth 117.4p. If GVC shares are worth £4.50, then BPTY shares are worth 128.95p

As it stands, if you buy BPTY , they are trading at a discount to the buyout price and the best way to buy into GVC is to buy BPTY and sit back and wait. This assumes that the deal to buy BPTY actually happens; so there is risk in doing this.
Posted at 08/9/2015 08:12 by melody9999
Hi Crookman

I think the key thing is, and the reason for me posting, is that if you believe in the GVC / BPTY story, then BPTY is the place to invest right now. The recent fall in the GVC share price is probably long term holders in GVC (like me) having just sold GVC and bought into BPTY.

As always my timing was rubbish because I bought at 117p, but then I did sell out of GVC at the higher price too.

Certainly not the time to be selling BPTY (IMV but DYOR. Good luck
Posted at 07/9/2015 22:02 by crookman
Hi Melody,

We have to agree to disagree I think, as you say 1 BPTY is worth .231 GVC which is the equivalent of just 94p per share plus the 25p cash in total 1.19. The original deal was 129.64 per share on those terms but that was when GVC was 452.5 on the day of the agreement in principle. So if the deal was approved on that day the BPTY price would be in effect be 104 + the 25p cash = 129 as per the deal. Because GVC is down at 110 that now as you say brings the deal down to 119 in total including the 25p so the value of a BPTY is only 94p in real terms.

This post is getting too complicated so the best way to sum it up I think is the deal is we exchange each of our shares for new shares and some cash regardless of the BPTY price at the time, the cash is fixed but the value of the shares received are purely based on the GVC price at that time.

The point I was making earlier was even if the BPTY price drops to .94 the deal still stands at 119 and with that in mind I think the price could drop still regardless, no problem if your holding out for the deal but not a good place to be if you intend to sell beforehand. It's the fair value not the actual one I'm talking about.

I would really appreciate any other views on this as it is complicated.
Posted at 07/9/2015 13:33 by crookman
Just a note of caution to anyone buying at around 102-3. With the GVC price currently at 410 this makes the TO deal worth around 119. If you deduct the 25p cash element of the deal from the 119 it gives you a fair value price for BPTY of 94p, so you are buying at a premium and will need the GVC price to increase going forward to about 445 to ensure the 102 price for BPTY is fair. IMHO the BPTY price could fall further towards 94p the closer we get to the deal being ratified IF GVC does not turn around. It’s fine to buy if you are holding out for the deal to complete and take the new GVC shares but could be dangerous to buy simply with a view to collecting the divi and sell again, as ever DYOR and GL.
Posted at 06/9/2015 17:50 by eeza
@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.
Posted at 06/9/2015 11:30 by eeza
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.
Posted at 06/9/2015 11:10 by shayadfn
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.
Posted at 24/8/2015 12:18 by coxsmn
If GVC (£4.25) was valued on the same P/E ratio as BPTY then their share price would be £12

If BPTY (£1.12) was valued on the same P/E ratio as GVC then their share price would be 40p.

If 888 (£1.57) was valued on the same P/E ratio as GVC then their share price would be 74p.
Bwin.party Digital Entertainment share price data is direct from the London Stock Exchange

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