Flutter Entertainment Share Discussion Threads

[solarman2013] 22/5/2020 18:36

Harigoyal, i had the same thing happen over at TD Direct Investing Canada. Seems that this means the process is underway, though my share count still shows.

[harigoyal] 22/5/2020 17:47

Good thing is sports are coming back. Golf tournaments, Nascar & Soccer in Germany are green shoots.

[harigoyal] 22/5/2020 17:44

Today my broker (National Bank), removed TSGI shares from my portfolio holding, put value as zero. Don't know when it will show I have FLTR shares.

[montecristo111] 22/5/2020 15:31

Guys Quick. Those who had shares in TSGI.TO, have you already received your shares of FLTR?
Until now I haven't received the new shares and the bank is saying it takes another 2 weeks and described the process as follows:

1) Once shares of TSG delist, CDS will send Computershare a list and they will issue DRS advices of TSG.
2) CIBCM will then need to send in a completed LT in order to exchange the TSG shares to Flutter Entertainment shares.
3) Once they receive the LT, Computershare will requisition the shares with Flutter’s transfer agent in Ireland, Link Asset Services.
4) Link will then proceed to issue share certificates for the Flutter shares which will then be sent to us. They cannot issue directly into CREST.
5) Once we receive the certificate they will be deposited into CREST.

I can't believe it takes this long to get the shares!
Can anyone who was holding TSGI confirm this?
thanks

[solarman2013] 22/5/2020 13:58

Conserving cash is seen as a very wise way of keeping it to pay down debt and operations in this period of lean revenues due to the status of sports. I don't think FLTR is being negatively affected in its value due to the lack of cash dividends. I would have liked to have seen a reduction of C-level salaries as well during this period. Maybe they felt its a sign of strengh to not publicize and react in that way? In any case, sports is picking up vastly this past week, and will continue to strengthen through the summer. We also see many US states looking for new revenue streams and accelerating the process for mobile gaming and betting to start. With Stars doing so well with poker/casino, I would not be surprised if we surpass guidance in 2020, despite the sports industry lockdown period.

[the white house] 22/5/2020 08:38

Scrip divvi sales day...the trouble with not giving cash'

[solarman2013] 15/5/2020 14:41

Draftkings makes NO MONEY. However, they will use this new currency called "stock" to buy others. Won't be surprised if THE SCORE or WH is in play to be bought, and perhaps a smaller Poker platform to add that to their list. No gaming company will survive as a single channel player. They must all have casino, poker and sports, which this crisis has shown to be obvious, to de-risk revenues.

[the white house] 15/5/2020 14:00

Bank of America BUY note : Target 110

[the white house] 15/5/2020 13:51

DraftKings 1st Q revenue 88m bucks, Stars 1st Q revenue 735m bucksFlutter 1Q revenue 547m poundsAnd US Tommy Allen @ the normally brilliant Morgan Stanley calls US DFK the best of breed....oh dear

[the white house] 13/5/2020 19:04

Superb launch in Colorado with the new offer to punters of a 5/1 bet on the favourite (who got walloped) which was usually odds on must have had the staff jumping..Serie A confirmed starting on June 13 and a Premier League start date soon should push to treble figures

[the white house] 13/5/2020 19:00

Good week all round, esp given a football team worth of Company notifications of sells. The simultaneous amalgamation, DraftKings and GAN distraction launches and banging up against a nice round 100 to sell all seem to have combined to provide a little turbulence and profit taking. Quieter now tho...

[solarman2013] 06/5/2020 15:06

When analysts are faced with "new areas" they tend to be irrelevant at first, with extremely cautious future-looking statements. We are one day into the merger. I believe that its a new day for all investors and consolidation of listings prevents arbitrage, confusion and provides a clear path forward.

[the white house] 06/5/2020 14:26

Disagree, analysts are expanding coverage of DraftKings with a new BUY yesterday. This is a new area for them. Also, easier for those that wish to, to manipulate price when less bases to cover. My Stars ended on Monday nigh, but if this is staggered to leave then a 700 drop in US hours over 3 days does not support corporate actions undertakenAnyways I think Dublin wanted a clean break, hence the demotions and sackings. With full control they can cans as you say settle things down I completely in their hands

[solarman2013] 05/5/2020 21:38

The cost of multiple listings isn't necessary and the analyst coverage in North America remains scant. Multiples on PE are much better in the UK as well. Best to reduce listing costs, focus on promoting synergies during the next year and a half, and let the volumes come back in sports betting. COVID gives them the cover to reduce costs more quickly than planned.

[the white house] 05/5/2020 15:40

It may be shortsighted not having a market outlet over there do as one was there on a plate..Maybe just have to wait a week for things to settle. French horses starting to run Monday, things are picking up

[the white house] 05/5/2020 15:38

The thing is we are 5 pounds down from a couple of days ago with some decent news. Not sure the delisting off of NASDAQ has not brought a lot of stateside players to sell up all at once rather than bother with a London stock. With FanDuel and PokerStars in the portfolio as well as the TVG racing channel (40m now being used by NBC 85m)

[solarman2013] 05/5/2020 13:01

Merger all completed. Shares should be exchanged in next two days as Stars is delisted from TSX and NASDAQ by end of day Wednesday.

Colorado is up and running with Fan Duel is expected to be the lead horse. Michigan is now talking of getting all verticals up by Fall due to emergency status of State budget. It looks like Q2 will be much better than predicted as Stars is kicking it in poker and casino everywhere...

[solarman2013] 02/5/2020 22:03

expect Flutter up at least 2% at open on Monday since Stars finished so strong on Friday. Stars delisting is on Thursday. Shorts have not completed covering yet and they need to do that on the Stars side before delisting off TSX and Nasdaq.

Meantime Pokerstars NJCOOP went 80% over guarantee !!!

[the white house] 01/5/2020 07:29

Colorado goes live today, FanDuel one of 4 to opening the batting.2 Billion bucks turnover in 2021, will slot in as 3rd biggest, has copied New Joisey with wide open market model inc esportsUFC back Sat week, NASCAR week after, action starting up

[the white house] 30/4/2020 07:04

Merger Completion next Tuesday.Marvellous

[solarman2013] 24/4/2020 11:06

Vote today in Toronto (virtually). Stars having an incredible April. French horse racing starts again in days. MLB July 4th. Michigan wants to launch early. Virginia certain to open up with bills passed this week. When will flutter be 10000?

[the white house] 20/4/2020 20:08

The Stars results are indeed sensational and can only get better if the iPhone App Store is anything to go by. In the casino section PokerStars casino is 1st, free solitaire types 2-4 and PokerStars Poker is 5th most downloaded currently. Sky Vegas is 21 while Bet365 and William Hill are back down in 61 & 62. Incredible dominance

[solarman2013] 18/4/2020 19:42

The buying is not over. Wait til we get a break from COVID...

[the white house] 18/4/2020 15:53

Remarkable day, I doubt I will ever again buy a share that is up 500 in the morning and it closes up another 700p the same day. Amazing One seller yesterday sold 45k worth at 1226p below the closing price. 52k if they had played 36 holes insteadHad a look up and 3 billion of 7 is held in just 5 hands over 3 per cent. Must be many holders below this. JP Morgan must have been buying into the very high 80's.

[the white house] 17/4/2020 15:26

JP Morgan just bought in 1.75 per cent