Entain Share Discussion Threads

[coxsmn] 11/7/2022 11:44

Sp here was higher back in Aug 2018 at £11.25. We are now almost 4 years on.

[paulk66] 11/7/2022 11:33

Many apologies link offered two results clicked link to hxxps://www.casino.org/news/MGM could make further bid date July 17 2021 apologies again my bad

[stamford hill] 11/7/2022 10:47

Citigroup cuts Entain to 2700 from 2800. Reaffirms buy rating..

[italianofacile] 10/7/2022 23:11

BH in last mgm earnings call reaffirmed desire to buy Entain.. 1100 and below is were its best to buy imo.. No way a deal with mgm is coming soon.. But fundamentals of Entain remain solid but macro trumps micro 99.99..recession UK albeit not technical is here maybe worst is behind us.. Maybe..

[mip55] 10/7/2022 22:22

Perhaps you should revisit the article and read it ? July 8th 2022 is on the first line. It also references the DKNG bid of September 2021 which would be difficult if it were written in July 2021

[paulk66] 10/7/2022 19:58

I'm hoping everyone realisese that link is from July 2021 well outdated now

[coxsmn] 10/7/2022 09:49

08-Jul-22 Barclays Overweight 2,100.00 2,100.00 Reiteration

[macarona] 09/7/2022 15:02

$15b dollars at 1.20 rate, would be £12.5. This is about a 21.50 share price…
Last offer was $11b, so about $4B extra..not impossible.

[coxsmn] 09/7/2022 12:49

50% premium to current share price would be another bad offer.

[srpactive] 09/7/2022 07:39

m

Not wishful thinking it will easily happen, 1800 - 2000p.

Have said it for ages, LONDON has helped mgm so they will just
continue as the city needs M&A, ipo's dire this year one mm company
has only had one this year.

No reason for being at 1100p.

But I will accept what mgm offer as I would be happy with cash and US shares
as they are the one's that move up.

ftse 2000 - 2022 unc
dow 2000 12000 2022 32000

dyor

Come on mgm.

[macarona] 08/7/2022 22:12

hxxps://www.casino.org/news/mgm-could-make-another-bid-for-entain-says-citi-analyst/

Wishful thinking, maybe.

[srpactive] 08/7/2022 13:52

At the current share price I would suggest it offers
a decent defensive investment. A possible switch from
imb to ent.

Get a dividend mentioned in August and we could have a good
move higher.

dyor

[mip55] 08/7/2022 13:28

Unless tax regime changes then it is only NY state making money from Sports betting.I wish someone would try and explain that fact to The White House

[coxsmn] 08/7/2022 12:54

We cut back spend in NY as a waste of money chasing customers. Unless tax regime changes then it is only NY state making money from Sports betting.

For us, once they legalise igaming then it will be ludicrously good, bill is already in and it's a question of when not if.

We are the undisputed US no1 in igaming.

[merism] 08/7/2022 12:42

I like it how they keep fudging the US numbers to claim they are either no1 or 2 in the market. Why are they excluding NY numbers?

[hmonk] 08/7/2022 11:44

Rimau1 the majority of debt is fixed so that isn’t becoming more expensive. Going ex growth? - only 20% of gambling is online globally so still plenty of channel shift to come with H2GC forecasting high single-digit online growth after the cyclical downturn passes which it will, Australia and Brazil both growing at over 20% in Q2, still in the early days of the US which will become the biggest online gambling market in the world. Brazil will regulate sports betting and iGaming next year, that’s a $1bn+ TAM where Entain has 40% share. By Covid loans I assume you mean the furlough cash? If so Entain paid back £48m of it.

As others have said, the UK review is the big overhang even if the financial impact looks to be lessened as the gambling commission is already making operators do more on affordability, as Entain said on the call yesterday revenue from their highest spenders has halved as they haven’t wanted to send bank statements and wage slips in, so they have gone offshore, these high spenders are replaced by recreational players (actives +60% vs pre-covid) which makes the business more resilient. For a look at how UK regulatory uncertainty is hurting the sector look at 888’s debt issuance to buy William Hill, selling bonds for 85p in the £ with a 12% yield.

[mjb17] 08/7/2022 11:38

pure vida - they are different opinions for sure but they just aren't good points. there is no difference from what I can see in the company and its future compared to 12 months ago when the shares were £20 - I appreciate the market sentiment has left the building and the political chaos is damaging, but this can reverse as quickly as it arrived - the fundamental outlook of the business and its performance is unchanged as far as I can see - for every swing their is a roundabout at the moment but the trajectory is unchanged. Political/regulatory concerns for me remain the main real issue (as they were 12 months ago).

[pura vida] 08/7/2022 11:16

Rimau1 - you make some good points and it's nice to read different opinions with valid arguments backing them up.
But at theses levels i'm of the opinion this is priced in and more...
Entain are very reliant on the uk (where there probably isn't much growth left and could decrease due to regulation) but their european presence is growing (economies of scale) and lat am is very promising. With the political termoil the pound will probably go down (that has been constant the last 50 years) which should boost their int earnings.
At this price it seems to me to be one of the more interesting uk stocks to hold/buy

[mjb17] 08/7/2022 10:10

rimau1 - no not really, i don't get your point - NGR up 18%, online comparables to Covid are outliers, US no 2 and No 1, profitable next year - growth all over the world - great acquisition strategy to date (long term value enhancing), excellent regulatory strategy, results look good. we are crashing like crypto and i just don't see it to be honest. No divi is sensible atm until the Govt piece is aligned. Interest rates are the only thing i think i agree on, but they have options to pay that down in due course if necessary - financial strategy has been strong to date. Macro side, I'm not sure that a lock down in China effects the 2.30 at Haydock if you get my point.

[mjb17] 08/7/2022 09:51

SRP - you would think so in any normal situation but the UK is not in a normal situation right now - Politically total chaos - and with Politics and Gambling so closely linked, imo, no one is going to do anything until the two align, and the certainty however good or bad that looks becomes clear.

Underneath all that the company remains as it was 12 months ago as far as I can see - performing and developing well. Share price should still be £17/£18. DYOR.

[rimau1] 08/7/2022 09:48

Crikey, the rose tinted specs are never taken off here are they!!!! The white paper will happen, a delay into the autumn only prolongs the uncertainty. This is a bad thing. Struggling to see what has changed to Entain in 9 months? Let me help; Stagflation, geopolitical threats to Ukraine and Taiwan, a global supply crunch, China constantly in and out of lockdown with a zero covid policy, interest rates rising. Thats just the Macro. Entain specific - cost of servicing debt increasing, worries entain is going ex growth, cyclical flight to value and non tech stocks, entain signalling lower consumer spending is impacting performance, UK regulatory landscape, no dividend, still not paid back covid loans, sector derates means could be overpaying for recent acquisitions, veiled profits warning so concern for next quarter pre world cup. This is all just random thoughts but even if a few are relevant you get my point.

[srpactive] 07/7/2022 21:38

The growth is UK bookies, betmgm and Brazil.

The UK review could be kicked into the long grass for good hopefully.

All bookies have systems and help in place, so stop trying to control
people all the time and forget the review.

I await a bid from either mgm, dazn or private equity. They would be
daft not to approach at a premium to 1100p. If I had access to
that sort of money and people, I would have approached this morning.

dyor

[mjb17] 07/7/2022 17:47

I still cant see how the underlying fundamentals of this company is any different from 9 months ago. I can only assume the constant delays to the Govt review and the fact the minister in charge of it has just bravely! resigned today and we are likely to now have a period of political uncertainty, and this may affect us - is the main issue?