Gvc Share Discussion Threads

[woodhawk] 24/4/2018 10:13

All the chancers are out today then!

[loganair] 24/4/2018 10:08

If the FBOT's reduced to £2 and the Chancellor puts some sort on new tax on the betting industry to cover the loss of revenue from the FBOT's this had not been priced in the share price or calculations that Kenny made when taking over Lads.

[wakey_29] 24/4/2018 10:05

This is daylight robbery at this price. It surely can't stay down here for long.

[privileged] 24/4/2018 10:03

Not if other taxes are raised to cover the absolutely massive treasury hit to a £2 fobt limit...

[woodhawk] 24/4/2018 10:02

Quite - hence my buying this morning.

[nurdin] 24/4/2018 10:00

Given that GVCs bid for Lads was tailored and allowed for £2 limit,this drop seems a bit odd

[woodhawk] 24/4/2018 09:54

Couldn't resist some more at 902p-ish. Bit overdone?

[loganair] 24/4/2018 09:24

It is reported that the Chancellor of the Exchequer has blocked a proposed reduction in FOBT stakes.

In a report by the Times, Philip Hammond MP has blocked a cut to the maximum stake for Fixed Odd Betting Terminals (FOBTs) in a dispute over how to replace lost taxes that could amount to hundreds of millions of pounds.

According the Times report, the Treasury has refused to sign off a decision because it says it is not confident that lost duty on that option would be fully replaced.

The report stated: “The scale of the revenues raised by the machines was revealed in the Treasury’s spring statement. The Office for Budget Responsibility said that FOBTs would contribute £74 million of the forecast £119 million growth in receipts from gaming duty levied on machines in the five years to 2023. This means that the effect of the planned curbs “could be in the tens or hundreds of millions of pounds”.

“Mr Hammond, the chancellor, reluctantly accepted moves to cut FOBT stakes on condition that ministers could raise funds to match the lost levy. He rejected a package of measures put forward by the Department for Digital, Culture, Media and Sport last month, insiders say.”

An announcement is not expected until after the local elections next month.

Carolyn Harris, chairwoman of the MPs’ all-party group on FOBTs, said: “Any suggestion that the bookmakers may be looking to a backroom deal with the government is of deep concern. This is not a matter of protecting bookmaker profits or corporate interests.”

[garycook] 24/4/2018 09:21

The Times are claiming FOBT will be £2.But where are they getting there info from.It must be another Gov.leak !

[srpactive] 24/4/2018 09:17

W

I am sceptical myself, always over egged one way
and the other, I am going for £10.

dyor

active

[woodhawk] 24/4/2018 09:06

Yes, The Times claiming that new limit will be £2, speculates that announcement will be within a couple of weeks

[srpactive] 24/4/2018 09:01

This due to Bloomberg, really.

Well done W,

[fenners66] 24/4/2018 08:57

Bloomberg reports Tmes says FOBT target £2

[mylands] 24/4/2018 08:56

Cannot find any news reports on the hit to WMH and GVC.

[garycook] 24/4/2018 08:55

I believe its a SB.GVC down in sympathy with WMH.Now down 11.60%.Trying to find out the reason !

[woodhawk] 24/4/2018 08:51

I wish, Gary!

[garycook] 24/4/2018 08:46

W,Saw your 200,000 purchase LOL

[noujay] 24/4/2018 08:46

You always time it so right Woody!

[woodhawk] 24/4/2018 08:44

I'm now a GVC shareholder again - for the moment.

[noujay] 24/4/2018 08:33

About £170m I think. So they are out of the now highly taxed Australian market and focussed on the US where, amongst the British firms at least, they and PPB are probably best placed to immediately benefit.No doubt GVC have their eyes on the US as well. Interesting time for this sector

[mylands] 24/4/2018 08:28

Noujay

Yes, you most probably are right. Does anyone know what Hills have got for offloading the Australian business?

[noujay] 24/4/2018 08:24

Could be mylands although I think today's buying opp might well be Hills as it's bound to be involved in the next consolidation