Entain Share Discussion Threads

[bargainsniper] 06/9/2024 19:51

BetMGM finished ahead of Caesars in New York sports betting for the second consecutive week with a handle of $33.7 million. Caesars was fourth in New York at $31.6 million.

[srpactive] 05/9/2024 21:12

Yes new man in place has probably been given the agenda by Hornbuckle
as has the hedgies. Bid on its way, they have not approached yet so
the people helping them can get a position before the 1395p bid is
placed.
Skinned and ready for consumption.

This time next year we will be carved up and sold.

dyor

[davius] 05/9/2024 15:46

Nice close. That article seems to suggest a bid is possible but perhaps not imminent.

“The Ladbrokes owner has previously been subject to takeover interest from MGM and DraftKings, but neither suitor managed to place a winning bid. Since then, Entain’s share price has lagged many of its peers and left it a sitting duck for a third party to swoop on the business. Buying Entain would be an easy way for a rival company to greatly increase scale, something that really matters in the gambling sector.

“The stock is down 45% over the past 12 months, partially dragged down by a bribery investigation and losing share in the lucrative US market. The company has also faced accusations that it overpaid for acquisitions.

“A new CEO joins this week, which raises the prospect of a sweeping review of the business and potentially some strategic changes. The pressure is already on, given activist investors on the shareholder register.

“One might ask why any potential bidders haven’t already shown their cards this year given the share price weakness. It might be that they want to see a repair job at Entain before swooping in.

“While that might result in a bidder paying a higher price than now, certain suitors might view this strategy as sensible, given it arguably means an offer is only made once risks have been lowered.”

[the white house] 05/9/2024 13:00

US GGR up 32.6pc YoY in first 7 months end July

[bargainsniper] 05/9/2024 12:49

Https://www.sharesmagazine.co.uk/article/there-are-several-catalysts-to-unlock-the-hidden-value-in-entain

[macarona] 03/9/2024 14:13

Yes, I am the cause of the 50% decline the last 12 months!

[melmoo] 03/9/2024 13:09

macarona - looking at your Entain posts I assume you are a shorter?

[macarona] 03/9/2024 12:10

hxxps://igamingfuture.com/entain-another-beating-for-turkey-bribery-losses/

[srpactive] 02/9/2024 20:35

He also has to take his instruction from Mr Hornbuckle and his US
hedgie friends. Bid of 1385p has to be accepted this time.

dyor

[suetballs] 02/9/2024 12:04

I don't think he'll be saying much until he gets his feet firmly under the table.
And who can blame him.
Suet

[bargainsniper] 02/9/2024 11:42

New ceo takes the reins today

[macarona] 02/9/2024 08:40

Should not there be an RNS announcement confirming the ceo has started today??
Or should we just rely on the one made back in July..

[bargainsniper] 01/9/2024 17:33

Https://sbcamericas.com/2024/08/28/betmgm-new-football-season/

[srpactive] 30/8/2024 18:48

Keeping down for to he new Ceo share options.US keeping him happy to get what they want GVC at a massive discount.

[chatchat] 30/8/2024 15:23

Hopefully 6.50 will hold this time.

[mister md] 30/8/2024 14:36

Finally a 'US-style' daily move here, +3% ...

[the white house] 30/8/2024 14:33

3 day weekend in the US & decent buying (last bid was after the New Years Day long weekend if you recall?)

[srpactive] 29/8/2024 13:57

I agree being held here so a bid double the investors money gets a chance.

[deanowls] 29/8/2024 11:49

His mates?

[melmoo] 29/8/2024 09:44

My theory is that the new CEO's contract includes a bonus linked to how much the share price rises since his appointment. His mates are therefore keeping the share price depressed. Watch for a rise after 1 September!

[deanowls] 29/8/2024 08:52

Has anyone seen any details around angstrom?

Do they work with anyone else, what were their earnings before being taken over?

Are betmgm at least covering costs?

Looked in the annual report but absolutely no details, would that info be held somewhere else? Accounts filed? Looked but couldn’t find anything on a basic search?