We will have our day again one day, we all knew with the top end of expectations flagged up we would get a negative. We always do, the guardian job was just one last year we had a negative before results. Put Inthe bottom draw and leave. Dyor |
Well on the brighter side, Stella David has 339000 reasons to get the share price back to where is was yesterday (based on how much in £ she lost today on her 400K+ shares). |
The best thing that could happen here is all the twits leave |
The best thing that could happen here is an offer and we let it go. |
I'n rapidly turning into Meldrew here. |
Isaac's career software games developer Barry D career in coach travel etcNygarde career in media and incontinence David career in alcohol, pizza and fashion You either like/love betting/gambling or you do notThese people have been ALL chosen incorrectly as executives in other fields and are out of their depth and either have left, pushed or remain without adding value as they do not understand bettingThe boss and board members must come from a decade of betting experience (why shouldn't they?) or the farce will continue |
 The press takes as below, I take a little comfort from Citi's commentary at the end........
"11th February 2025(Alliance News) - The sudden departure of Entain PLC's Chief Executive Gavin Isaacs is "unfortunate" and will likely cause investor concerns, analysts on Tuesday said. Shares in Entain were down 11% to 664.00 pence in London on Tuesday.The Isle of Man-based betting operator, which owns Labrokes and Coral, said Isaacs, who only started on September 2, departs "by mutual agreement".Analysts at Davy Research said: "We spoke to the company and they noted that although Isaacs and the board were aligned on group strategy, there were differences between him and the board which were seemingly unreconcilable." Non-Executive Chair Stella David once again assumes the role of interim CEO, a post she held from December 2023 until September 2024. Pierre Bouchut, currently senior independent director, will become non-executive chair on an interim basis. Davy Research notes Entain is at a "critical point" in its turnaround journey, so the timing of this is "unfortunate and will likely cause investor concerns"."This will lead to another period of uncertainty while the market awaits a permanent replacement," it added. Russ Mould at AJ Bell thinks something "must have gone seriously wrong" for Isaacs to leave after just 161 days in the job."One could speculate that Isaacs didn’t fit with the culture of Entain or that he didn’t see eye to eye on strategy. It’s worth noting that previous Entain boss Shay Segev only lasted 189 days in the top job in 2020-21, so the gambling group has form when it comes to short-lived leadership."Looking ahead, Mould believes Entain really needs to find someone with "bold ideas, a keen eye for detail and a grand vision to put the gambling group back on a winning streak. "Previous CEO Jette Nygaard-Andersen resigned at the end of December 2023 after the company was hit with a GBP585 million penalty in relation to bribery offences at its former Turkish firm.Stella David said: "Entain is making strong progress in delivering our strategic priorities. We would like to thank Gavin for his contribution. The board is pleased with the group's performance in 2024 and trading so far this year."Entain forecasts financial 2024 earnings before interest, tax, depreciation and amortisation at the top of the GBP1.04 billion to GBP1.09 billion guidance range.David said: "The board and management remain aligned on the group's focus on operational excellence and maximising shareholder value. I look forward to leading the business as we continue to accelerate our performance."Citi thinks while the news creates "uncertainty", it does not see "major risk to operational performance given Stella’s strong track record as interim CEO before". |
Ok but on what grounds? |
Ceo was forced out because of the Australian debacle aimho. |
Given that there appears to be no issues with the upcoming results I was anticipating a bounce this pm.
Just shows there still isn't much trust here. |
Bill probably throwing a hissy fit right now... sent his shorting shock troops back into actionNow he has Stella back again. I take it major share holders told Gav to take a hike |
Entain's investment in IsaacsUpon joining Entain Isaacs was handed a basic annual salary of £875,000 and he was entitled to a long-term incentive plan equivalent to 450% of his basic salary.His pay package also included a 6% pension allowance and relocation assistance to support his move from the US to the UK.The company also provided a buy-out award to compensate for awards forfeited as Isaacs stepped down as Games Global chair to join Entain. |
Old article. maybe Gavin Isaacs is switching to playtech now Brian Mattingley is stepping down.....https://gaming-awards.com/NEWS/gavin-isaacs-to-take-playtech-us-lead/ |
Bull you could be right but if it is this should been spotted in the interview process. An expensive mistake all round. |
Got him off the website sharpish !! |
Performance accelerating into the new financial year. They'll find a replacement. Only a few weeks till results. |
Perhaps nothing to do with the business, just personalities. |
Well I got the Gavin appointment totally wrong - I thought he would be a safe pair of hands. Perhaps it's HR related or he was pushing the company into a cheap takeover.
That said it looks like a 10% share price fall is unwarranted. |
Over 10% drop this is savage, but without any explanation speculation will drag this down |
Glad out from here and bought EVOK while ago |
Q3 trading update
“ Gavin Isaacs, CEO of Entain, commented:
"My first few weeks as CEO of Entain have reaffirmed my view that this is a very good business operating in a highly attractive global industry. Entain has great brands, an enviably diverse global portfolio and is bursting with talent, ambition and opportunities. Entain is already on a path of strategic and operational improvement, with the strong Q3 performance demonstrating the progress achieved so far. We are at the beginning of the journey and I'm looking forward to accelerating our progress, leading the business in our next growth chapter and capturing the many exciting opportunities ahead."
Nothing wrong with the business
Now ripe for the plucking |
Bad news : Entain CEO Gavin Isaacs steps down after five months in role |
Bgt in today at 668. I believe this could well be a great entry point. Time will tell!! |
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