Entain Share Discussion Threads

[casholaa] 07/3/2024 14:35

Flog it to the Americans, they have money to burn and don't care.

[tyroneshares] 07/3/2024 14:33

Someone needs to buy this at a knockdown price, split it up, and sell off the parts.

[casholaa] 07/3/2024 14:22

Government crackdown on gambling, not good at all




"It emerged last month that the Government was preparing to introduce a £5 stake limit for adults betting online. This will then fall to £2 for people aged between 18 and 25."

[casholaa] 07/3/2024 13:45

I'm underwater.

[phillis] 07/3/2024 13:44

Looks like a few people got well and truly mugged this morning

[mylands] 07/3/2024 12:58

Interesting, or depressing more likely.

Can't see the Yanks wanting to bolster the shareprice.

[casholaa] 07/3/2024 12:10

Will be interesting to see what happens when the US markets open

[base7] 07/3/2024 12:06

Every shrinking High St seems to contain several bookies & if there is a market for our estate ,selling it would get us back to basics & revert to our being an online digital company,where we prospered substantially as SBT & GVC ( not withstanding the dodgy unregulated areas).We would be much leaner,have substantially fewer employees & lose a large number of retail sites costing substantial amounts in rent rates energy etc.
Without a CEO ( currently ) & an ancient Chairman, we must be vulnerable to an opportunist bidder & Sandler will have a view as to what he considers to be "fair value".
Come back Draft Kings - all is forgiven !

[loganair] 07/3/2024 11:17

Party Poker is one of the longest-established online poker sites. Once a market leader but still one of the busier sites with a wide selection of games in many formats to suit players of all bankrolls. Party Poker is strong on player promotions with all new depositing UK players receiving a play-through bonus of up to £400 and £40 ($60) worth of free poker tickets. Additionally, players can opt-in to an ongoing cashback promotion that returns up to 55% of rake and fees, paid weekly.

While Party Poker is no longer one of the largest online poker sites, it sits just outside the top ten, with traffic levels similar to but slightly higher than 888 Poker and Unibet. Typically there are in the region of 800-900 concurrent cash game players, with over 1000 at peak times.

At the bottom of the Party Poker client (desktop and app versions), there is a player counter, showing the number of players logged in and the number of active tables. The number of players logged in on a typical weekday afternoon is in the 4,000-5,000 range, rising to over 10,000 players during peak evening hours.

The busiest weekly tournaments attract 1,500 entrants with many of the daily tournaments mustering 200-500 participants.

[loganair] 07/3/2024 11:12

"though it raises the question of whether the company can deliver on internal growth when its development in FY23 has been so reliant on acquisitions."



"Regulation remains an inevitable thorn in the side for gambling companies, and Entain is certainly no exception," Richard Hunter, analyst at Interactive Investor, said in a note.

He said that consumers' waning readiness to spend given the wider economic picture and a cost-of-living crisis will remove some of the revenue that may otherwise have come Entain's way.



Finance boss Rob Wood told the Standard that the firm sees an opportunity to pick up customers once smaller rivals are forced to implement the same reforms, though this was likely to mean higher marketing spend in the short-term. Elsewhere, reforms in Germany and the Netherlands also held profits back.

Wood elaborated on the review. He told the Standard that it would focus on “prioritisation”, after recent years had been a “period of transition”. The business went on a buying spree under ex-CEO Jette-Nygaard-Andersen, with some deals upsetting shareholders.

The review, he said, is in its early stages, but covers “all of our assets” with a wide range of possible outcomes.

That suggests that even Ladbrokes and Coral could be up for sale, though jettisoning smaller brands such as PartyPoker, as had been suggested in reports earlier this week, might be more likely.

[kael] 07/3/2024 10:51

They've gone up 6%. Given the inflation last year I think that's actually alright.

[loganair] 07/3/2024 09:39

The Retail accounts showed increased operating expenditures of £606m.....Why have retail operating expenses shot up so much...as far as I can see the report doesn't give the reason why.

[loganair] 07/3/2024 09:36

Entain still faces so many head winds during the 2024 financial year.

[casholaa] 07/3/2024 09:24

One online resource indicated the enterprise value to ebitda suggested about 620p before today's update. Yet another lesson for me.

[loganair] 07/3/2024 09:19

Another massive problem for Entain is......"administrative costs grew 60% to GBP3.51 billion from GBP2.19 billion the previous year."

[loganair] 07/3/2024 09:18

And there were the Directors saying just a few short years ago bids of over £20 per share still undervalued the company.

So many times company CEO's vastly over value their company in these situations.

[mylands] 07/3/2024 09:13

Logan

You may well be right.

Problem now for us shareholders is that after such a catastrophic collapse in the share price any ‘rise’ in the share price above a key value such as £8 will inevitably see punters selling out, cutting their losses, and not seeing the price as an opportunity to buy.

[casholaa] 07/3/2024 09:13

These guys are in so many countries with each one having it's own laws and regulatory regimes, you'd think there were compliance officers in the company to deal with these things to avoid prosecutions and fines??????

[casholaa] 07/3/2024 09:09

Well, one view is that 'organic growth' could mean that they aren't going to be spending money or there currently aren't any viable ideas. It's quite ambiguous without more.

[loganair] 07/3/2024 09:01

Interim Entain CEO Stella David backed the group to drive “organic growth into 2025 and beyond”

The city doesn't like it, when a company is no longer going for growth via acquisitions as this means no money for the city in fees.

[mylands] 07/3/2024 08:38

Continuing to head south. When will this require a ‘rescue’ bid to put a floor under the SP?

[casholaa] 07/3/2024 08:35

I should have had more regard for the goldman sachs rating of 820p before the results.

[mylands] 07/3/2024 08:29

Sub £8, hardly surprising.

[loganair] 07/3/2024 08:26

Thee government is really cracking down on Gambling so why are they not doing the same for trading on platforms such as PLUS 500 as trading is as much gambling as any other form of betting or poker etc.

[mylands] 07/3/2024 08:24

Disgraceful performance and who on earth would want to be CEO of this shambles, hence the lack of any positive news on an appointment, any time soon.

£8 soon, and then where when the financial journalists have their say, sub £7?