Gvc Share Discussion Threads

[red_shed2000] 03/11/2017 11:19

Obviously we are not in any kind of closed period as Norbert just sold a shed load of shares....

So no deal imminent whichever way you look at it.

[mylands] 03/11/2017 11:00

The share price movement is not suggesting that GVC is a target, or at least the market doesn't think so.

No one is building up a stake. There are no new major shareolders, and none of the existing ones could be considered aggressive investors.

[noujay] 03/11/2017 10:44

I would tend to agree with that. Lads business is surely a non discussion at a) this price, and b) until the review is complete, both of which obviously intertwine.Hills may be a better option, less shops, more room for online growth as they are behind, plus an Australian business which is a clear gap in the gvc coverage. Just an idle comment that one though.It's not certain GVC won't simply be a target although not a preferable for most of us here I would imagine.

[mylands] 03/11/2017 10:40

Guys my take on yesterdays announcement and the quotes in the press from Kenny is that we are not going to see them go for LCL.

The surge in LCL's share price from 124p less than a week ago to 136p as a result of yesterday's announcement by GVC is the last thing that Kenny would want to have seen happen. If he was going to bid for LCL he would have tied up the deal to offload Turkey without making an announcement, then talked to LCL.

He made clear he is not in discussions with LCL, hence no bid IMO.

No, I think, as others have said, he has set his eyes on another target(s). We will just have to wait and see.

[speedsgh] 03/11/2017 10:26

Re Norbert Teufelberger's latest share sale. Going by his past performance, his sale should be a pretty good indicator that the share price will be heading a way further north than the 951p that he sold at. All in good time.

[noujay] 03/11/2017 09:36

I think the mini trading update seems to have been confused with the Playtech profits warning!

[nurdin] 03/11/2017 09:35

Dreadful timing on my purchase yesterday..doh.But I still think GVC looks far more attractive now than it did a few days back

[noujay] 03/11/2017 09:26

Selling down his stake is, along with the turkey disposal, one more aspect of the tidying up exercise and will hopefully draw in some fresh institutional investment for the next leg

[investmentguru] 03/11/2017 09:14

About time he was booted off the Board, he contributes nothing to GVC.

[srpactive] 03/11/2017 08:55

Cannot believe he has been so richly rewarded for
destroying prty for years.

And another thing the big city boys are using gvc
to support the garbage lcl, just stay online
and leave the shop bookies to sink, like the banks
should have done in 2008.

[noujay] 03/11/2017 08:39

Norbert called the top of the range for once judging by the latest RNS. Almost rid of his holding now

[srpactive] 03/11/2017 08:13

P

Non regulated country.

L

Have both in time, and wmh.

888 will help in the US, very well connected I believe,
I reckon the growth in the US over the next couple of years
will dwarf anywhere else, dyor.

Excellent posters and thread, well done all.

[loganair] 02/11/2017 21:08

Reacting to GVC’s Turkish disposal, sector analysts have detailed that the sale may be needed in order to execute GVC ‘well documented’ takeover plan of FTSE competitor Ladbrokes Coral Plc.

[plasybryn] 02/11/2017 18:54

Why does GVC have to relinquish Turkey if it wants to go for LAD or another? Sorry if this has already been explained.

[coxsmn] 02/11/2017 18:54

Very exciting times ahead here.

[loganair] 02/11/2017 18:49

SRP - I disagree about going for 888 as GVC are after the huge customer base of Ladbrokes who also have quite a sizable on-line presence.

[cheshiremoggie] 02/11/2017 18:35

interesting articles guys. Thanks.

Of course, the recent GVC share price rise over £9 has been forgotten a bit here. IMHO it is likely that 'the market' knew this deal was about to come off hence the rise before the announcement and the fall on the announcement.

It seems to me that insider trading is alive and well.

Any share price over £9 is good for me but it looks like we will be waiting for the final FOBT result before the real fireworks begin. I hope we are all still shareholders of a KA company at the end of it as this sector has massive growth potential in the next 10 years.

CM.

[srpactive] 02/11/2017 18:01

M / all

Yes agree, he has removed the Turkish side to strengthen
hid hands either way, I reckon with the US opening it
will more likely be 888. Let wmh and LCL sink
after the FOBT decision and then pick them both up
by end 2018 for a lot cheaper.

[mylands] 02/11/2017 17:44

Noujay

I agree 100% about your comment that the incredible October results have been ignored by the market.

You would have thought that after pulling off two highly successful takeovers (SBT & BWIN) the market would be giving Kenny the benefit of the doubt that he will do the right thing for his shareholders when it comes to the next one.

[loganair] 02/11/2017 17:40

Ladbrokes Coral shares soar after GVC paves way for deal:


Ladbrokes Coral shares rose sharply on Thursday following news that online gambling company GVC Holdings had sold its Turkish business in a deal which could pave the way for a takeover of the bookmakers.

Both Ladbrokes Coral and William Hill have been linked to GVC, the owners of the bwin.party and Sportingbet brands, in recent months.

At one stage Ladbrokes Coral shares were up nearly six per cent before closing at 134.1p, a rise of 5.5 per cent, while GVC shares fell 15p to 932p.

GVC's Headlong is being sold for €150 million to Ropso Malta Limited, a company which provides IT services to the Turkish business.

In a statement on Thursday GVC said the decision to sell Headlong had been made because the board had "concluded it is now appropriate for GVC to further increase its focus on regulated markets".

Chief executive Kenny Alexander added: "As the group evolves, our focus is increasingly on regulated markets and markets where we believe there is a realistic path to regulation.

"Today’s disposal is consistent with this strategy and enhances GVC’s position as a leading operator in a rapidly developing industry."

It was reported during the summer that GVC had had a second bid for Ladbrokes Coral turned down, while GVC had also been linked to a deal with William Hill last year.

Concerns over the regulatory status of GVC's Turkish business had been cited as contributing to the deals failing to come to fruition.

However, Alexander has also said he would wait until there was clarity from the government's review of gambling before he entered the world of retail betting.

Simon French, analyst at stockbroker Cenkos Securities, said the sale of Headlong was "a compelling strategic move resulting in a more regulated and attractive business, even better positioned to participate in sector mergers and acquisitions".

[loganair] 02/11/2017 17:37

Independent - GVC gets ready to bet on Ladbrokes deal to take it to top of the gambling league table

The company has offloaded its Turkish business, removing a potential stumbling block to a mega merger

GVC is the (formerly) little company that could. It’s CEO Kenny Alexander is a gambling man, who plays poker and likes a punt on the horses. But it is his bets on deals that have been the big winners.

GVC partnered with William Hill to take out Sportingbet and then moved on to see off intense competition from 888 Holdings to add Bwin.Party to his bash.

In the process he’s moved the Isle of Man based company from the AIM to the FTSE 250. If he can ape the Manx flag by successfully adding a third leg, perhaps in the form of Ladbrokes Coral, he could gatecrash the FTSE 100.

It is presumably with that aim in mind that the company has offloaded its Turkish business. Operating in the sort of “grey”, or unregulated, market its peers pulled out of some time ago, its presence in the portfolio would likely complicate a future marriage with Laddies, with which GVC has twice held discussions, or, failing that, with Hill's.

Grey markets make investors nervous, and with good reason. Past history has shown that they have a nasty habit of biting those who play in them.

Regulated markets, by contrast, tend to be more crowded, competitive, and costly to operate in. But they also pose a much lower risk of a bet on them going very bad very quickly.

Nothing much will happen until the final shape of the Government’s crackdown on fixed odds betting terminal emerges. FOBTs make up a big chunk of Ladbrokes’ revenues. The company will take a hit if the staking limit is reduced from £100 to £50, but a bath if it drops down to just £2.

That’s Labour’s proposal, so you should expect the end result to fall into the £20 or £30 bracket, which are the other two options the Department for Culture, Media & Sport is considering for the future of FOBTs.

What shouldn’t be forgotten is the Treasury has as much of an interest in keeping the funds from them flowing as the bookies do. That strengthens the likelihood of the Government plumping for a compromise, reducing the social cost of the machines but not by so much that the UK exchequer goes hungry.

After that, it’ll be fun time for the investment bankers as the talks between Ladbrokes and its suitor heat up. The logic of doing deals, and saving costs through them, remains compelling for Britain’s gaming groups, which are faced with rising costs and tougher rules.

When the process has reached its conclusion Mr Alexander stands a favourite's chance of ending up in the opposite position to his beloved Kilmarnock: At the top of the league table.

[noujay] 02/11/2017 17:24

Yes interesting he said that. It would fetch a very pretty penny that's for sure and so no chance of a cheap deal, however like you I'd far rather run with it on the journey.

[festario] 02/11/2017 17:04

He has also alluded to GVC being a takeover target itself.I really don't want that to happen, but for Sir Kenneth to mention it?..

[noujay] 02/11/2017 16:36

Very interesting article. Hopefully it will remove the fear of a merger with Lads at the wrong price for GVC and start to price in the superb October performance which is largely being ignored.It's positive that he is open to any consolidation as it doesn't appear he has a fixation for Lads, ergo the shops.