Entain Share Discussion Threads

[phillis] 08/8/2024 06:49

Losing money

[girvin] 08/8/2024 06:42

What do I know, good trading update!!!!The last two weeks daily declines unwarranted, should see a big rebound today.

[suetballs] 08/8/2024 06:30

Certainly better than I dared hope.
Suet

[base7] 08/8/2024 06:24

Much better than expected,new CEO starting next month-so perhaps our share price will now show a strong recovery ?

[bargainsniper] 08/8/2024 06:19

Brazil ngr +28%Dividend up 5% to 9.3pStronger than expected Q2 performance driving upgraded guidance We now expect FY24 Online NGR growth on a proforma basis to be low single digit positive, with the Group delivering FY24 EBITDA in the range of £1,040m to £1,090m.

[casholaa] 08/8/2024 06:08

Lots of numbers and characters from the alphabet. Divi going up to 18.6p from 17.8p I think. Ex-div 15th August, Record date 16th August and paid 20th September.

[srpactive] 08/8/2024 06:04

Happy with the results, upgrades and cost cutting targets up.

[bargainsniper] 08/8/2024 06:04

Wow excellent results!

[casholaa] 07/8/2024 16:21

This year was a big year for sports.Isaacs starts in September so, hopefully all of the bad stuff will have had a line drawn beneath it. Vsin and Draft Kings refund/re-purchase but it were for pocket change.

[gambler911] 07/8/2024 15:57

Analysis: Entain’s Gavin Isaacs appointment points towards high-profile merger
Industry veteran brings big-name status, but track record of B2B and retail success suggests potential M&A.

So it turns out Entain still has a surprise or two up its sleeve.

When the operator’s search for a new CEO began following the departure of Jette Nygaard-Andersen, there were a number of ‘obvious’; frontrunners.

Star Sports even opened a betting market on who could succeed the Danish executive, with the frontrunners being former Sky Bet CEO Richard Flint, BetMGM CEO Adam Greenblatt and a select few others.

Not many would have had money on Gavin Isaacs, the Australian-born B2B expert who effectively made Light & Wonder what it is today (via a few twists and turns well-documented within gaming history).

As an industry name, he carries serious credence – with over 25 years of experience – most recently being involved with Games Global and, prior to that, being Chairman of SBTech during its high-profile merger with DraftKings.

But, as a leader of a predominantly online operator in today’s dynamic market, Isaacs’ years of experience in retail circles – and mainly in the US – make him a left-field choice.

Given that his prior success came primarily in the retail sector – and with suppliers – the chances of him being brought in to find Entain the optimum buyer seem far likelier
How has the market reacted?

Very early indications, though, are that the market is reacting well to the new CEO’s appointment. Entain stock was up 4.3% at its peak this morning, at the time of writing sitting at £6.66 ($8.61) – up 3.4%.

The fact Entain’s stock is that low, of course, is a sign of the difficulties it has had in recent years, having once surpassed £20 a share.

That came in 2021, when DraftKings submitted a $20bn offer to purchase the operator, one it has perhaps lived to regret turning down.

But there is a reason the market is reacting well to what, on the surface, may seem like a mismatch between a B2B veteran and a dwindling B2C giant.

M&A: An Isaacs speciality

Following Nygaard-AndersenR17;s departure in December 2023, we asked whether Entain is now a prime M&A target.

And Isaacs’ appointment will do little to dispel that notion. The executive is a specialist in M&A, having overseen several large-scale deals and, at SBTech, being brought in primarily with its DraftKings merger in mind.

In short, if you want to sell your gaming company, there is a short list of names to turn to. One used to be Tony Rodio, who oversaw transitions at the Tropicana and, most notably, Caesars Entertainment as it merged with Eldorado Resorts for £$17.3bn.

Rodio is now retired, of course, but a name of equal stature is that of Isaacs.

Very early indications, though, are that the market is reacting well to the new CEO’s appointment. Entain stock was up 4.3% at its peak this morning, at the time of writing sitting at £6.66 ($8.61) – up 3.4%
If Entain has indeed decided that a high-profile sale is its ultimate destiny – and perhaps the only chance of regaining full shareholder value – Isaacs’ contact book, especially when attracting an American buyer, is perhaps the best way to go.

In it to sell it

Maybe Entain has turned to Isaacs to re-steer the ship and give him the chance to lead a B2C giant back to its former glory. He certainly has the experience and adaptability.

But given that his prior success came primarily in the retail sector – and with suppliers – the chances of him being brought in to find Entain the optimum buyer seem far likelier.

Isaacs will be on a basic salary of £875,000, but with bonus opportunities of 2-4 times that. One would think his main remuneration may come when a deal to sell Entain (either as a whole or some of its main divisions) is complete.

All in all, Isaacs is back in the big time. Will we be saying the same about Entain in the years to come?

[casholaa] 07/8/2024 14:43

sp of 550p from 725p is a 25% knock in the share price

[bargainsniper] 07/8/2024 14:40

Oh dear there's no hope for you

[casholaa] 07/8/2024 14:34

I just cannot fathom why or how the analysts are touting 900p+ given the mess it appears to be in.

[casholaa] 07/8/2024 14:32

Last time when we had full year results due, the share price tanked from Monday 4th March to results day Thurs 7th March which left us in a price channel for just under a month to 5th April. An approximate 725p could be used for the base of the price channel. Hopefull the drop in the share price already prices-in any H1+H2 loss from BetMGM???

[casholaa] 07/8/2024 13:42

Hopefully the downtrend since Feb 2023 will be over and we'll break upward.

[casholaa] 07/8/2024 12:40

I used to have all sorts of problems with the Ladbrokes app and webpages. I evetually switched to WH.

[bargainsniper] 07/8/2024 12:27

Ladbrokes are due to launch their updated app

[the white house] 07/8/2024 12:16

This was 6 months ago & the Caesars/William Hill app is far better to use

[casholaa] 07/8/2024 11:29

I think that the share price looks like it wants to go for a run?

[casholaa] 07/8/2024 10:55

Close high please

[casholaa] 07/8/2024 07:02

Opened low.

[bargainsniper] 06/8/2024 19:48

BetMGM's now live in Nevada, the home of Las Vegas, making it the only top three operator with a licensed app in the state.

[boom2009] 06/8/2024 17:17

Will this likely go lower

May sell before results

[merism] 06/8/2024 16:48

I don't think it will go much lower than this - but I thought that around 666!

[casholaa] 06/8/2024 16:20

I really don't want to hang on to these if the share price is going to go between 400-450, but there again, the money has pretty much already gone down the bog now anyway.