Gvc Share Discussion Threads

[mylands] 28/12/2017 09:10

active

'not much left' equates to some 60 million shares, enough for you and me, I think!

Off topic for a moment, good to see 'your' HGM moving up nicely, now at 171p. Not that long ago I seem to recall you were mentioning them at around 140p. Should have taken your advice!

[fozzie] 28/12/2017 09:10

Loganair - Yes I was told by a pal on Boxing Day that all Lads on course racing business will be shut down and staff concerned have all been told to start looking for new jobs.

[srpactive] 28/12/2017 08:45

Mylands

So 80% of the shares controlled by the institutions, that
is not much left so us pi's, and that is not including
the management.

[coxsmn] 27/12/2017 18:35

The point is Kenny knows the business better than anyone else here, he has a fantastic track record and is the only one who knows all the facts and with the talent and experience to determine the best decisions for the company. There's a lot more money to be made by holding gvc rather than selling.

[brownie69] 27/12/2017 16:52

I do accept that the Turkish business may have to have been completly exited by GVC. My point is that it did not need to be given away free. It could have been spun out and existing GVC shareholders could have been given the ioption to have free pro rata shares in the new vehicle. Run it as a dividend machine, just like the old GVC.

Thus no revenue from an "illegal business" goes into GVC and Lads etc are happy and the big deal can proceed.

Plus all GVC shareholders should be happy as we have not been robbed of 150 million EUR of value.

I know if we had been given a vote re giving the asset away for nothing I would have voted against it and I suspect many holders would have.

I have today sold the trading shares that i recently acquired. Core holding will be reduced by 50%.

[oohrogerpalmer] 27/12/2017 16:20

Still have confidence that Kenny wouldn't have done the deal if it wasnt right for GVC & the shareholders long term.

[loganair] 27/12/2017 15:25

GVC are saying that once the merger has gone through they will be bigger than the high street retailer M&S and therefore it seems to me that GVC are thinking it is worth getting rid of the Turkish side of things quickly and at almost any price in order to make sure the Lads take over goes through smoothly.

[noujay] 27/12/2017 15:20

Looks bad to give away an asset but they are clearly all systems go to wrap this up and see immediate synergies that will, on balance, far outweigh the loss of the Turkey operation. What I don't like is the way it was done as it just looks shoddy and ill organised.

[brownie69] 27/12/2017 14:39

SRP.

Turkey have tried everything to close it down and they cant. Thats why it was valued at 150m EUR. I'm sure the likes of Betsson would have bought it for something like that kind of valuation.

shareholders have been robbed of that cash.

[festario] 27/12/2017 14:29

They couldn't though SRP, that's the point... they would if they could.They could only annoy and interrupt it.They could threaten the players in Turkey, but that had little effect either.Nope, they've given away a prize asset, and without explaining the bigger plan to shareholders. I'm sure there is one.Our dividends were massively boosted by Superbahis, I want to know what the intentions are to replace and improve on that.

[srpactive] 27/12/2017 13:37

One must remember, the Turkish government could have shut it down
in an instant, so then no value whatsoever.

[nurdin] 27/12/2017 11:04

What they have actually given away is assets worth EUR 21m and potential earning power annually of at least EUR35m clean EBITDA .The 150m EUR was the value attached to the business by GVC.

[brownie69] 27/12/2017 10:34

Gosh, I've been away 5 minutes and 150m EUR has been given away for free, zero, absolutly nothing. Why?

This income will have been factored in by analysts and thus its no surprise than the share price will falter, even correct backwards based on this.

Then the news that circa 25% of shareholders have voted against the Execs renumberation package.

Finally the news that the combined group will not have an independent chairman (which would have been one way of dealing with the shareholder revolt re renumberation.)

Not a great week and the fact that all was announced around the holiday period when traditionally bad news can be more easily buried does not sit well.

Regarding the Ropso deal rather than gift 150 million EUR away for nothing who not spin it out into a separate company and give us shares in it pro rata to our existing holdings. I hear the theory about Lads not wanting any earn out proceeds coming into GVC but this would acheive a similar effect but not take the value away from the shareholders who could be offered the chance to elect for shares in the new spin out. Ropso is owned by Fincore who have been the sports technology providers to GVC up until the Bwin deal. Thus a bit of free compensation from Kenny for cutting them out as he consolodated onto the Bwin platform?

Ive had a great run with GVC and KA is amongst the best CEO's in the industry but as a package the recent news is not good for a company who are heading into the FTSE 100 and the increased scrutiny and governance expected. I'm not selling out completly but I am going to reduce above 900p.

[loganair] 27/12/2017 10:05

It is already being reported that some of Lads staff at their HQ will be made redundant after the take over.

[gilotron] 27/12/2017 00:39

hmm i assumed lads was in the ftse already didn't realize mkt caps are so high. ho hum. What's the opinion on the debt then chaps?

[loganair] 26/12/2017 22:45

Not forgetting the FTSE250 Funds will be selling which seems to balance itself out.

[trentendboy] 26/12/2017 21:23

If it makes it into the ftse 100 then the investment tracker funds will all have to buy in.Plenty of room for serious so rises

[loganair] 26/12/2017 19:17

GVC would need a market cap of £5.2bln to be automatically included in the FTSE100.

G4S is currently valued at £4.1bln the lowest market cap on the FTSE100.

Currently there are 5 companies on the FTSE250 with a higher market cap than G4S.

[noujay] 23/12/2017 22:30

FT article plus IR have confirmed that the Turkey sale is not a sale anymore but simply a transfer of assets to Headlong.

[ltinvestor] 23/12/2017 15:50

Gvc were at the forefront of online gaming and have performed so well that they will surely become a ftse100 constituent once the Ladbrokes deal is completed.The digital world/ internet is changing with the advent of the Blockchain and the worlds first Blockchain Casino, being developed by a small UK company is launching in Q1 2018.The company is called Funfair.It looks interesting and I would appreciate comments from other seasoned investors in the gaming industry.

[grahamburn] 23/12/2017 15:42

speedsgh. You didn't refer to the section in the Business Commentary column - which is particularly relevant given the recent strong vote against (25%+) the revised remuneration package for KA et al, showing that KA may well be "losing his sure touch with reality":

"Enjoy ride at GVC

Not just under starters orders, but off: 2017’s most dispiriting deal. Yes, it’s the Ladbrokes Coral rollover stakes: Ladbrokes, founded in 1902; Coral, in 1926. And both now succumbing to GVC, the upstart around since only 2004.

True, the market likes the deal, valuing Ladbrokes Coral at up to £4 billion, depending on the damage from the government’s betting shop machines review. There are £100 million of synergies. And despite Ladbrokes Coral taking a mere 46.5 per cent of the combo, its shares, at 176.5p, are 30 per cent up since news of the tie-up three weeks ago.

Yet, not for the first time GVC boss Kenny Alexander seems in a right hurry. He’s built the business by taking bets in dodgy, unregulated markets and using the money to buy companies with regulated earnings — Ladbrokes Coral the prize case in point.

To get this deal done, he’s happy to chuck away a €150 million deferred earn-out from the Turkish business GVC sold: the one built on illegal betting. And why doesn’t he just wait for the machine review?

So you hope Ladbrokes Coral boss Jim Mullen has done his due diligence before taking all that GVC paper and vanishing with £4 million. And given the history, it would be far better if Mr Alexander, who’ll be running the merged group, had to answer to an independent chairman — rather than GVC incumbent Lee Feldman, in the saddle since day one. Anyway, enjoy the ride."

[speedsgh] 23/12/2017 12:55

Andy Hornby swaps saddles in GVC takeover of Ladbrokes - HTTPS://www.thetimes.co.uk/edition/business/andy-hornby-swaps-saddles-in-gvc-takeover-of-ladbrokes-bt9qdwfzdAndy Hornby will take on the job of joint chief operating officer of GVC Holdings after the online gambling operator behind Sportingbet and Foxy Bingo completes its £4 billion takeover of Ladbrokes Coral Group.The former chief executive of HBOS, the lender that came close to collapse in 2008, will not be joining the main board at the merged group, in acknowledgement of the controversy associated with the government bailout of the bank.Mr Hornby, who is chief operating officer at Ladbrokes Coral, will nevertheless have responsibility for all retail betting in the UK and Europe and all digital marketing.

[coxsmn] 23/12/2017 11:28

Shays, there's nothing concerning, gvc is one of the best investments one could ever make.