Gvc Share Discussion Threads

[brownie69] 29/11/2017 13:10

GVC Acqusition.



This is a smart deal. A cherry picked, a respected company in the industry and a "not material" consideration.

[festario] 29/11/2017 13:04

Indeed Woody, it would have been a nice day to trade, if I wasn't away on holiday and locked out of my trading account for 11 days!Password problems.... suspended!

[woodhawk] 29/11/2017 11:45

Marching the share price down on tiny volume.

[festario] 29/11/2017 11:39

JFishy, yes 6% of the companies share capital went to the boards incentive scheme. Which you objected to at the time.But in the time which has since past, they have added approx 100% capital Growth to the share price.I like that.If they do similar in the next 2 years,they can have another 6% of GVC as far as I'm concerned.Anyway, it's a moot point, because it's more about protecting the key board members in the event of a takeover.It will pass the EGM without a momentary thought.

[woodhawk] 29/11/2017 11:25

KoP202, well-remembered - yes and no! But I can live without the tennis.

[kop202] 29/11/2017 11:24

Most folks on advfn I would guess operate through nominated accounts so why waste time worrying about director remuneration as along as they are driving the share price and divis north

[kop202] 29/11/2017 11:17

WoodyThat's a bit tetchy you obviously arnt getting enough s & t

[jfishy55] 29/11/2017 10:55

Grahamburn,

IIRC a couple of years ago the company was diluted by 6% in rewards in a single year - certainly excessive in my view. Before that there were some unusual "incentives" such as nil cost options.

However, I do not believe that excessive rewards will pass corporate governance compliance for entry to the FTSE100. I suspect that this EGM is an attempt to ensure entry to the FTSE100 can be made. Therefore, I suspect the new LTIP will be designed to be pass the reasonableness test. However, as you note, more details are needed.

[srpactive] 29/11/2017 10:35

G

I appreciate what you are saying, but I feel blessed
to have KA and co looking after my investment here,
so pay accordingly for it to continue. This company
could be World number One in years to come, imagine
the value then. Just my uneducated view right or wrong,
but happy.

[woodhawk] 29/11/2017 10:31

grahamburn,

I'm not concerned. If you are, then either make your objections known to the management, put up with it, or invest elsewhere.

[grahamburn] 29/11/2017 10:26

srp (edit and Woodhawk who was posting whilst I was composing)

Think you miss the point..... Are the generous incentives (eg up 400% albeit half in shares held for a period) really necessary to keep the team doing what they are already doing well? Or will they walk away into the sunset if they don't receive that level of incentive, especially as they already hold substantial numbers of shares so will benefit from their existing skin in the game?

That's the point, as well as the now-much-publicised need for executives to be rewarded responsibly and reasonably.

PS I am not arguing about the need to pay excellent people well, just the extent (with, IMO, flimsy supporting evidence) and the perception.

[srpactive] 29/11/2017 10:22

Agree 100%.

[woodhawk] 29/11/2017 10:21

grahamburn,

I am quite happy with the remuneration of the directors and staff. This is the best and most consistent team that I have come across in all my years' investing. They have earned me a small fortune for, essentially, just sitting on my backside and enjoying the ride. More power to their elbows. Onwards and upwards!!

[srpactive] 29/11/2017 10:16

So are they.

[kop202] 29/11/2017 10:10

If the Ruskies gamble as well as they drink we are in for a good time

[srpactive] 29/11/2017 09:59

G

Imho I feel they will be linked to getting on the ftse100
as the ezj directors many moons ago, actually the share price did
very well at the time. The company is doing well in the
US, will do well in Russia and pay a good dividend, I
for one accept people need paying well and will support it.

[grahamburn] 29/11/2017 09:49

Surprised there hasn't been any discussion of the resolutions scheduled for the forthcoming AGM. The supporting documentation indicates a substantial degree of excessive generosity to directors and staff (especially the former) in each of the incentive plans with insufficient details on the performance targets. The entire document's rationale is weakly supported by the continual repetition that the company has to retain key personnel.

One cannot argue that certain individuals are, indeed, important to the company's success, but the question remains "Is there any other company in the sector that these individuals would realistically decamp to?"

Unless that can be answered definitively, then the schemes do not pass the necessary tests for reasonableness, IMO, particularly in the current climate of questions on executive rewards. It may be true that the company's success relies on their expertise, but that expertise is specific to the company's profile and activities, so may not be in demand in other companies.

[srpactive] 29/11/2017 07:22

C and W

Excellent news, Russia is the place to be, that is why the US
are trying to rubbish it every five minutes, dyor.

[woodhawk] 28/11/2017 23:09

Thanks coxsmn, I liked this:

"“With the Russia 2018 World Cup fast approaching, this is a great time to be launching the first licenced international sports betting offer into the Russian market."

and... "we believe there is a huge opportunity to grow the brand"

Onwards and upwards!!

[coxsmn] 28/11/2017 22:47

GVC Holdings goes live in Russia:http://totallygaming.com/news/betting/gvc-holdings-goes-live-russia-bwinru

[srpactive] 28/11/2017 10:21

W

Yes good article and consolidation will happen and we
should be rewarded handsomely as we have the best ceo going.

[srpactive] 28/11/2017 10:09

IG

I think that would be the minimum based on a 900p
share price, 50% increase could be achieved I would
have thought if a war breaks out, which I would expect to, dyor.

[investmentguru] 28/11/2017 10:07

I'd be looking for £12+ in the event of a takeover.

[srpactive] 28/11/2017 10:02

W

Very good post, you did make me chuckle with your last comment.

And the US embracing onliner's a little more, with Partypoker the past
US number one, dyor.