Gvc Share Discussion Threads

[coxsmn] 23/1/2018 19:38

Today's Telegraph,'THE gambling industry was forced to dismiss as "rumour" reports that the Government was in favour of slashing stakes on controversial betting terminals to £2 after hundreds of millions of pounds were wiped off listed bookmakers' values.The Government launched a 12-week consultation in October to gather evidence to help it decide what level stakes on the machines should be. The consultation period ends today and a decision is not expected until May at the earliest."

[noujay] 23/1/2018 13:45

Ah sorry boys didn't mean to come the curmudgeon!

[mylands] 23/1/2018 12:08

WH

Taken as you posted, no offence at all. Good to have a bit of banter as long as we all win in the end!

I see the 8.3 RNS announcements are coming thick and fast. I will analyse them and see if our shorters are reducing their positions. If they back your prediction, then they won't be.

[woodhawk] 23/1/2018 10:42

Lighten up - good grief - only pulling his leg!

[woodhawk] 23/1/2018 10:06

How many times do I have to win, mylands?

[mylands] 23/1/2018 10:01

Well done on the profit. Ten pounds before we see 900p again.

[woodhawk] 23/1/2018 09:31

Despite your disparanging, I was right - and I suspect I will be right again. BTW it was more than 'hit' - I bought some at 887p yesterday, mylands. I've since sold them for a nice quick profit, as my viewpoint remains intact.

[mylands] 23/1/2018 09:20

WH

In the life of this stock market, 24 hours seems like an age. It was only 24 hours ago that we were down below 890p, wasn't it?

I will in future, 'take with a great big pinch of salt' any crowing about being correct when an share price hits a predicted price. Your 'target' of 900p was hit for a few minutes and now look where we are back to the level immediately before the Sunday Times article.

[ccr1958] 22/1/2018 20:11

Yes sharply marked down on the paper article,well overdone imo ....nice bounce .

[coxsmn] 22/1/2018 19:46

From Today's Times

"Bookmakers fell sharply this morning over reported government plans to slash the top stake on betting terminals from £100 to £2."

Lol

No they fell because yesterday the Times reported it would be cut to £2 which was speculation and not a fact.

[oohrogerpalmer] 22/1/2018 19:43

I wouldn't be surprised if the wager limit was only reduced to £50 initially with a review set for 12 months or so.
Think the government are fully aware of the implications this would have on tax & jobs etc and will give bookies time for adjusting.

[coxsmn] 22/1/2018 19:13

The Times reporting it will be £2 before the government has even decided is fake news. It seems like they are trying to influence the decision or create a story.

[woozle1] 22/1/2018 19:06

Reducing the stake to £2. Isn't this the same as banning spirits and not cider, wine and beer. You just need more to get drunk. The bookies can still make these machines interesting by promising very large payouts to keep punters rolling in the coins; just as the slots do in Las Vegas. I'm not convinced this is the Armageddon that people predict. And in any event, it's great news for GVC are they FOBT neutral and GVC can advertise their online casinos in the shops.
w1

[coxsmn] 22/1/2018 18:47

£2 is still speculation until the government reviews it and decides.

[loganair] 22/1/2018 18:45

Sky News is now reporting that the FBOTs will be reduced to £2 and will cost the tax man around £500mln a year.

[srpactive] 22/1/2018 16:26

M

As we all know the fobt can be capped at £2 - £100 fact,
and have done for many months. So a Sunday rag says it could be
£2 which everyone knows and the mm's move it and all the other
bookies down, just bizarre, lads and wmh trigger 10% stop
losses for the few to buy and hey presto back up. Really.

[scottishfield] 22/1/2018 16:25

Well recovered here today

[mylands] 22/1/2018 16:17

Rollercoaster springs to mind at the moment.

We are now back to the price it was just before it jumped late on Friday.

[shaker44] 22/1/2018 14:49

Jeez. The grammar police. Any one out there unsure what woozle meant? Thought not.
The art of communication....

[woozle1] 22/1/2018 14:08

It's lottery (excuse the pun). This govt could do anything! Either end of the range is possible. No kidding. We now live in a world of regulatory surprises: expect and plan for the worse.
w1

[mylands] 22/1/2018 13:46

Imagine the spike upwards if the review proposes a £10 limit, which I think is quite likely, when the government takes into account how many jobs are at stake and the tax revenues they will lose.