Gvc Share Discussion Threads

[cheshiremoggie] 28/1/2018 10:28

My maths is now bad!I was assuming €10m tax per year. Revenue guess actually only about €30m - I suspect the authorities will settle for a total amount of around that figure.Total guess tho.CM

[cheshiremoggie] 28/1/2018 10:25

There was an article earlier suggesting the actual tax bill was about €10m. The fine was €177m !!!Revenue therefore could have been €50-60m given the tax rate was around 30%. I think this is the reason the market reacted so little - a fine that size is a little disproportionate.CM

[nurdin] 28/1/2018 04:06

Quite right PJ.Have deleted my post. Thanks

[popper joe] 27/1/2018 22:12

Nurdin, the Greek revenue for which tax is owed was not part of GVC's 2010 or 2011 total revenue. It was earned by a subsiduary of Sportingbet pror to Sportingbet being bought by GVC in 2013.

[nurdin] 27/1/2018 15:15

CM, it was just a shot at getting some ball park number.If rest of the Europe,after the big four, account for 40%,the next two countries with strong gambling cultures are Turkey and Greece....and I am not even sure if Turkey is included in the 'rest of @Europe' account.So 20% didnt strike me as too unreasonable.I admit however I could be way out.

[noujay] 27/1/2018 13:55

The question is what revenue was produced by Greece for SB in years 2010 and 2011 surely?

[cheshiremoggie] 27/1/2018 13:52

Not sure your maths is quite there....If the big 4 produce 50% of revenue then on average they have 12.5% each. You are suggesting Greece produces 20+% of GVC revenue? It would probably then be easily the biggest country by revenue!KA said at some point in the past that the biggest single country was around 10% (iirc). If that's the case I would suggest Greece might be 3-5%.Interesting but more research required I think.CM

[nurdin] 27/1/2018 11:34

Anyone find out what what level of revenues they get from Greece? All I have been able to unearth,looking at non-specific pie chart is that Germany,UK Italy and Spain account for close to 50%,rest of Europe about 40%.I would hazard a guess that Greece accounts for atleast half of that as so perhaps 20%-30% ?

[heliweli] 26/1/2018 23:41

Friend of a friend.

[coxsmn] 26/1/2018 23:38

Thanks for the info Fest.

[festario] 26/1/2018 21:40

No, another shareholder did, and he emailed me.

[t 34] 26/1/2018 21:24

Fest , have you contacted the Investors Relations ??

[loganair] 26/1/2018 21:21

Berenberg said the amount of tax demanded by Greece "grossly" overstates how much GVC should owe in back taxes. It estimates that the tax-only component of the request from Greek tax authorities should be around €10m. The bank also noted that the current Greek business is licensed and that the company has been regularly paying gaming taxes on it since 2013. As a result, it argued that there is no threat to the company’s legitimacy in Greece and no threat to the Ladbrokes Coral acquisition.

[festario] 26/1/2018 21:03

It's been confirmed by GVC Investor Relations that this issue will not affect the dividend.

[t 34] 26/1/2018 20:22

The City might hold the price and not let it tumble as they want the deal to go through - merger and acquisition fees and commissions . Maybe GVC received this Tax assessment before but informed market about it now , during the deal so gvc can be certain that the price wont crash .

[coxsmn] 26/1/2018 20:19

the deal is on.

[mylands] 26/1/2018 20:14

If the divi is off then IMO the deal is off.

[t 34] 26/1/2018 20:00

If they announce that they stop divi due to the Greek saga then ..........??????

[noujay] 26/1/2018 19:52

Is the divi off now then? That would be a nightmare

[t 34] 26/1/2018 19:48

Bye bye divi !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[davr0s] 26/1/2018 19:39

Who knows - it was given an opportunity to tank today and it didn't take it. Can only see and react to what price does and keep stops in place

[noujay] 26/1/2018 19:38

You're absolutely right wood, anybody would think the company was being run with Neolithic incompetence!!

[woodhawk] 26/1/2018 19:26

"Market never fails to surprise"

Indeed - so far. The cack-handed giveaway of the Turkish income - and now this (whatever the eventual bill is, it ain't good)! Other shares would have been slaughtered for far less. I was admittedly sceptical before - but now I wouldn't touch this with a bargepole. An almighty correction waiting to happen? Will the shareprice hold up until until the LCL deal is done - then timber? Or is the next leg down already underway?