Gvc Share Discussion Threads

[loganair] 22/1/2018 12:13

Amongst the younger gambler I've been hearing it's the on-line side of things that is causing the problems by getting together in the evenings, on their computers of Tablets or whatever and losing huge amounts of money.

Because they are not using cash, as one would in a retail shop, these youngsters do not realize just how much they're losing until they received their monthly bank statements and by then it is too late.

[srpactive] 22/1/2018 11:45

You are welcome.

[woodhawk] 22/1/2018 11:42

Thanks, Active - but just a little dabble :-)

[woozle1] 22/1/2018 11:29

At the risk of sounding cynical, the FOBT news is good news for GVC because (i) I doubt the impact on profitability will be as bad as predicted (£2 min probably means more time on the machines) and (ii) gamblers will be forced online where GVC will be waiting for them with open arms. In fact, GVC will now be able to advertise their online prowess in the shops.

[srpactive] 22/1/2018 11:24

w

You caught the bottom again, well done in all fairness.

[shayadfn] 22/1/2018 11:06

Still looking to buy, I thought I missed the opportunity, last week looking to buy 16k over the next few weeks.

[gersemi] 22/1/2018 10:50

news - Ladbrokes

[srpactive] 22/1/2018 10:14

f66

Morning ray of sunshine.

[fenners66] 22/1/2018 10:04

Noujay
22 Jan '18 - 09:00 - 28727 of 28738

"!Imagine if they hadn’t the good sense to include the FOBT aspect in the deal!"

Imagine if they had the better sense to arrange the numbers so that there was a negative element at a £2 stake instead !

[the fat controller] 22/1/2018 09:56

GVC is 85% owned by Institutions, and they have not been selling. Which means today's price action is a combination of paper talk re FOBT outcome, retail punters getting cold feet, and market makers pushing the envelope.

Relax. Institutions have bought here for the long term, based on the published deal with LCL, including the ratchet payments regarding FOBT machines.

This is a mere blip, and a good opportunity to top up.
TFC

[kop202] 22/1/2018 09:54

Just showing my ignorance.......never actually been in a bookies

[festario] 22/1/2018 09:37

Kop202. Never thought of scratch cards in bookies.That's not a bad idea!

[kop202] 22/1/2018 09:17

FestBut you do not need to visit a bookies to buy scatch cards?.....As a reformed gambler would you buy a roulette based scratch card? Doesn't sound very attractive.Then again I'm not a gamblerFOBTS will be more like one arm bandits ....

[noujay] 22/1/2018 09:12

On that mylands you and I are in total agreement. Wood too by the sound of his dabble earlier, which already looks nicely timed!GVC have structured the deal for this very possibility. They are in for the customer base and the diversification, not the shops/machines, and have simply and neatly structured it to mitigate the risk.The accompanying conference call following the last interims featured some very clear philosophy on risk management by Kenny Alexander, ie he simply was not prepared to make a deal for any asset unless he achieved the right price and that his thinking was essentially risk averse.Lads online business will have been trading well over the past few months and I suspect that this will be a feature of their February trading update, thus the outcome of the review on FOTB should, given the sliding scale involved in the merger terms, very much play second fiddle to that.

[oohrogerpalmer] 22/1/2018 09:11

Bookies will find a way to entice them in.
Put computers in the shops for them & they can buy credits for cash to use online.

[kael] 22/1/2018 09:09

This is the perfect excuse to get punters moving from retail to online, where these limits dont exist. UKGC not so smart really, just pandering to the political game. The shops are the sunday league gaming when you consider what you can gamble online. Revenues wont drop, they will move online, its obvious there is already strategy in place to move these punters online.

[festario] 22/1/2018 09:08

They will Rog, but not in the bookies. See my post from last night. Scratch cards or such like.

[tozinowski] 22/1/2018 09:03

Didn't the basic structure of the deal always assume a £2 limit.

'The Board of GVC believes that the Acquisition will be double digit EPS accretive from the first full year post-Completion and following all reasonably expected outcomes of the Triennial Review, including the FOBT maximum stake being set at £2.00'

[oohrogerpalmer] 22/1/2018 09:02

It won't stop people gambling elsewhere.
Do you think somebody spending £100s on these machines will suddenly start opening savings accounts! !

[noujay] 22/1/2018 09:00

Imagine if they hadn't the good sense to include the FOBT aspect in the deal!

[festario] 22/1/2018 08:52

So, my post of last night has come true already.The threat of FOTB profits being axed has hit the whole sector.I'll go further, this is just an article.... when it's actually announced, it will wipe 40% off the share price of high street bookies. That is a figure I forecast a few months ago.If GVC had held back, they could have snapped up LADS for 50p

[oohrogerpalmer] 22/1/2018 08:39

Will just hasten the closure of many of the Lads shops.
People who spend big amounts on these machines will get their kicks in another money losing way!!

[kop202] 22/1/2018 08:33

Surely a low FOBT limit is good for GVC?It means we get the good bits of Lads cheaperThe downside of course means the shops become more of a liability than an asset