Flutter Entertainment Share Discussion Threads

[rkeck] 31/5/2024 18:52

hxxps://stocktwits.com/symbol/FLUT

I have been following DraftKings on equivalent of above (I’m not an investor in DK but some comments provide useful insight).

[solarman2013] 31/5/2024 18:23

Gents, not sure where to spend time on chats anymore here, given the move to NYSE. is thee a better chat place for US stocks that this is now considered.? Have enjoyed 11 years here, yet everything has its time?

[lappuliisa] 31/5/2024 18:00

Pughman
Indeed. They just bought the lottery business and after that it's the worst time to get bad news. Similar thing is happening to Betsson when they purchased business in Netherlands and now government wants to regulate heavily.

Similar to Flutter, DraftKings may not be losing much cash. Share-based compensation is non-cash and same with amortization of intangibles. Half of their yearly loss has been share-based compensation.
But like I've said, DraftKings went into netdebt after JackPocket purchase, so they should be more under scrutiny now.

[lappuliisa] 31/5/2024 17:55

I bought halfway into the dip. Perfect inefficient market situation. When American institutions hit the buy-button, we might see some big up-days. Remember that the stock is trading a lot below target price.
I'm still bullish even after the tax hikes.
It sucks that the CFO left, he was very well spoken man. Family goes first of course.

[pughman] 31/5/2024 16:37

NY has just passed through the $2bn mark in state taxes raised from OSB, during the period 8.1.22-26.5.24.

[pughman] 31/5/2024 15:51

This tax hike has done more damage to DK than FD, and put their cash position and balance sheet under the microscope. They're still losing money and FD remain entrenched as the clear market leader.

[the white house] 31/5/2024 14:40

Trading (temp) halted in London

[rkeck] 31/5/2024 14:11

Hi Pughman, could this have been a combination of CFO leaving (unexpected leading to brief fears it meant an accountancy issue)plus forced selling from FTSE100 Index? The serious fall was a very short period.

[solarman2013] 31/5/2024 13:31

as I wrote earlier, many dont want to invest in primary NYSE companies that are not located in USA. we will then judge jackson by his results. ireland is great for lower tax rate. the Rest of world is still important to us. this will be forgotten when operational excellence is published as with any other company.

[pughman] 31/5/2024 13:11

Price action this morning indicated something more than an average CFO leaving. Missed opportunity, ce la vie.

[zwemnaar] 31/5/2024 11:32

Lowest I got was £129

[rkeck] 31/5/2024 10:52

Did anyone buy at or close to £123.60??? Was that a real and tradeable price this morning?

[solarman2013] 31/5/2024 10:10

I will believe there is more to be announced today. Climbbing back now

[solarman2013] 31/5/2024 09:44

Many can’t own nyse stocks ?

[the white house] 31/5/2024 09:18

Only joined 14 months ago, must have been told plenty of time needed in the US as Jackson's terse statement implies. New guy accountant obvs, ex semi pro footballer

[blackhorse23] 31/5/2024 09:15

Money moving to APH

[rkeck] 31/5/2024 08:58

Just bought back in. Not sure if that is the shrewdest or stupidest investment decision I have ever made. Time will tell.

[pughman] 31/5/2024 08:54

The CFO is going, which I don't take as a negative.

[rkeck] 31/5/2024 08:47

This is crazy… does anyone understand this? This is surely too far after US tax issues to be an aftershock. I guess this is the FTSE 100 exit???

[the white house] 31/5/2024 08:44

Tenner up on those in 6 minutes. Chaos

[the white house] 31/5/2024 08:39

Bought a few at -25 chilli con carnage

[dapper5] 31/5/2024 08:36

What’s going on this morning? Stock down over 10% ?

[the white house] 31/5/2024 08:23

Trading halted at 19 (nineteen) downWell played, Sir

[the white house] 31/5/2024 08:20

Smooth transition from Jackson & his bankers

[solarman2013] 30/5/2024 15:02

hope to have a good reaction. tomorrow is another day