Gvc Share Discussion Threads

[srpactive] 12/4/2018 08:53

M

They may do that to give a split target I would have thought,
1090p very soon would do me.

Ignore my post and dyor.

active

[mylands] 12/4/2018 08:47

Festario

Off topic for a moment, I think I would stick with GVC rather than a certain tiddler you have mentioned on several occasions.

I like the GVC target price set by Deutsche Bank of 1300p, but not the 880p set by HSBC!

[noujay] 11/4/2018 20:55

Arrived yesterday with HL

[tobyjo] 11/4/2018 20:44

Anyone else recieved the cash component of the LCL bid yet. I am with Barclays have not received mine yet.

[woozle1] 11/4/2018 13:11

The cash component of the LCL bid arrived today.

[nurdin] 11/4/2018 09:40

Looks like brokers forecasts are out now...Sharepad shows the following consensus EPS for 2018,2019,2020;

71p...79.2Pp....87.4p respectively.

A bit conservative imo but lets see what happens Would really like to see what Deutch are forecasting!

[loganair] 10/4/2018 16:13

A Hold rating usually means the analysts expects the share price to deviate no more than + or - 5%.

[oohrogerpalmer] 10/4/2018 16:08

How on earth can you have a hold rating and a price target of 880p when the current price is 920p!!!!!
Surely if you think the price target is 880p then sell now and buy it back at 880p.
What do these guys get paid for?

[nurdin] 10/4/2018 16:01

It is good to hear differening views...helps to keep feet firmly on the ground

[loganair] 10/4/2018 15:50

HSBC today initiates coverage of GVC Holdings Plc with a hold investment rating and price target of 880p.

What a huge difference in targets between the two banks.


Two analysts have different views of newly expanded betting group GVC Holdings following the acquisition and merger of Ladbrokes Coral into the group.

It was a good deal for Ladbrokes Coral but there’s now more uncertainty for the enlarged GVC, according to HSBC analyst Joseph Thomas, who has today begun coverage with a ‘hold’ rating and a 880p price target.

“While pre-deal GVC was a strongly-performing business, Ladbrokes Coral dominates the enlarged group and we are less enamoured with it. While Ladbrokes Coral’s underlying profits growth has been respectable, it has underperformed our underlying expectations in both the UK retail and online divisions,” the analyst said in a note.

“Only higher synergies than it initially guided have enabled it to meet our original profit forecasts for 2017.

“It’s something that Kenny Alexander, GVC’s highly rated CEO, must be cautious of as he bolts the two businesses together. Investors should be cautious too, given that very little has so far been said about the roadmap to faster growth that he sees as the priority.”

Elsewhere, however, Deutsche Bank analyst James Wheatcroft resumed his coverage of GVC with a ‘buy’ rating and a 1,300p price target – suggesting around 40% upside to the current price of 915.5p.

“We see a re-rating opportunity for GVC as the new business shape better addresses key drivers in global gaming markets: Diversification, scale, consolidation track record, proprietary software platform and exposure to growth markets,” the Deutsche Bank analyst said.

[nurdin] 10/4/2018 15:41

£13 target fits in quite well with my earnings estimate of 86p,suggesting a pe of 15x.

[mylands] 10/4/2018 15:36

Loganair

They are the second analyst to say they are an AIM company. Can’t recall who said it about a week ago.

[loganair] 10/4/2018 15:31

Doesn't say much for Deutsche Bank when they say GVC is listed in AIM, when in fact they have a full FTSE listing in the FTSE250.

[nurdin] 10/4/2018 15:03

Here it is:


Home » Reports » Broker Ratings » GVC Holdings PLC 42.3% Potential Upside Indicated by Deutsche Bank
broker ratings
GVC Holdings PLC 42.3% Potential Upside Indicated by Deutsche Bank

Posted by: Amilia Stone 9th April 2018

GVC Holdings PLC with EPIC/TICKER (LON:GVC) had its stock rating noted as ‘Resumes’; with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. GVC Holdings PLC are listed in the Consumer Services sector within AIM. Deutsche Bank have set their target price at 1300 GBX on its stock. This now indicates the analyst believes there is a possible upside of 42.3% from the opening price of 913.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 43 points and decreased 40.5 points respectively. The 1 year high share price is 996 GBX while the year low share price is currently 710 GBX.

[nurdin] 10/4/2018 14:58

cheers..we should see brokers earnings estimates for the combined unit soon then.

[uncle andy] 10/4/2018 14:44

Deutsche initiates coverage with a 'Buy' rating

[coxsmn] 08/4/2018 09:51

N, yes, the price paid for LADs is dependent on the outcome of the FOB decision.

[loganair] 06/4/2018 13:12

GVC also bought Lads because they have a bigger foot print in the States then GVC currently do and Kenny is looking ahead to the opening up of the internet gambling market in the States.

If the FBOT is reduced to £2, then a good number of Lads bookies will be turned in to Adult Gaming Centres and unlike other retail bookies the average Lads lease in less then 3 1/2 years.

[popper joe] 06/4/2018 13:07

I think a £2 limit would have a short term negative impact on the share price because the media headlines would suggest a big cut in profits from the high street shops. But GVC didn't buy Lads for the shops, they bought it for the brand. The reduction in profits from the FOBT's would be offset to some extent by the lower debt that would be required to complete the Lads purchase.

[nurdin] 06/4/2018 12:13

Do you guys think FOBT limit of £2,if that is the final outcome, will have a major impact on the GVC share price? I would have thought not but would be useful to get other views

[loganair] 06/4/2018 11:58

I understand it is the Lads Institutional share holders who were long Lads and when the take over came went short GVC, is normal operating procedures during any take over.

Once the take over has gone through and these same Institutional holders have received their GVC shares for their Lads shares they close their GVC shorts.

[popper joe] 06/4/2018 11:53

I think a lot of the shorting that we saw was from Lads holders who wanted to lock-in the profit that they had seen since the GVC offer. Rather than sell their Lads shares in to the rise, they shorted GVC, knowing that they could close the position with the GVC shares that they would be receiving. By taking that approach they also received a free bet on the outcome of the FOBT review.

[nurdin] 06/4/2018 10:18

oops missed that RNS..clearly spoke too soon.Wasnt flagged on ADVFN at the time I posted