Gvc Share Discussion Threads

[norry2] 18/7/2018 08:13

No - just not as good as had been hoped for I reckon.

[hillbrown] 18/7/2018 08:13

-30. Some folks expecting miracles!

[noujay] 18/7/2018 08:12

Was there some bad news I missed here?!

[srpactive] 18/7/2018 07:59

Yes ftse 100 pe 24 ours is around 14 I believe, so
plenty of room for a seriously higher share price,
even if we just got to 18, that would be a very good
share price, dyor, active.

[noujay] 18/7/2018 07:54

Think we would all take this kind of steady. Pretty impressive growth just given the size of the business really. On we go

[hillbrown] 18/7/2018 07:38

Steady as she goes. Not spectacular but always best to keep a bit back for September.

[trentendboy] 18/7/2018 07:37

Kenny is right thoughKey is new sign ups and deposits.GVC are good player retention and marketing to customers

[trentendboy] 18/7/2018 07:34

Impressive NGR gainsInteresting on UK retail - seems decent effort given headwindsBe interesting to see what they do on retail estate

[srpactive] 18/7/2018 07:16

That is some update, well done all at gvc.

dyor

active

[mylands] 18/7/2018 07:08

Kenny continues, was I expecting anything else, to deliver!

[fizzypop] 18/7/2018 07:08

H1 Post Close Trading Update

GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce a post close H1 trading update.

Key highlights (proforma basis(1) ):

Q2:

-- Positive growth trends continue with Group NGR +11% (cc(2) +12%)
-- Strong Online NGR growth at +22% (cc(2) +25%)
-- UK Retail Like-for-like ("LFL")(3) NGR in growth at +2% helped by World Cup
-- European Retail NGR +19% (cc(2) +16%)

H1:

-- Group NGR +8% (cc(2) +8%)
-- Online NGR +18% (cc(2) +20%)
-- For the period up to commencement of the World Cup Online NGR +15% (cc(2) +17%)
-- Positive World Cup driven by margin and volume
-- UK Retail LFL(3) NGR -3%
-- European Retail NGR +29% (cc(2) +26%)

The Group saw an acceleration in year-on-year growth in Q2 2018 over Q1 2018 driven by good underlying momentum and the World Cup.

Online NGR growth was 22% in Q2 (cc(2) +25%) and +18% (cc(2) +20%) for the six months to 30 June 2018. Online NGR for the period from 1 January to 13 June (i.e. prior to the commencement of the World Cup) was +15% (cc(2) +17%), reflecting strong underlying growth. The Online brands have continued to benefit from a pipeline of new products and from high profile marketing campaigns.

UK Retail trends improved in the second quarter as the weather proved less disruptive than in the first quarter, while growth in European Retail remained very strong, albeit helped by a soft comparative.

The World Cup tournament as a whole has been a good one for the Group, helped by a better than expected gross win margin but also importantly volumes and value of new customer deposits.

The Group intends to release its interim results on 13 September 2018.

Kenneth Alexander (CEO) said:

"I am pleased to report this positive trading update whilst at the same time undertaking the integration of the Ladbrokes Coral business. The strong momentum across the online business has continued and means we are well placed to deliver against our full year expectations."

[gersemi] 18/7/2018 07:07

What a company. What a stock

[sogoesit] 18/7/2018 07:06

"Acceleration in growth"

"The Group saw an acceleration in year-on-year growth in Q2 2018 over Q1 2018 driven by good underlying momentum and the World Cup."

Looking good for an uplift in the share price .. yet again.

[noujay] 17/7/2018 16:01

Seems like I muddied the waters on that one so with apologies for that.Let's hope gvc knocks of out of the park either way. 30 minutes of upwards pressure now I'd think

[sogoesit] 17/7/2018 15:29

Trading update tomorrow.. 7am.
To be clear:

Apologies for repeats if I have.

[srpactive] 17/7/2018 14:27

M

Okay, thank you sorry if I stated anything incorrect, will
delete that post.
tia

active

[noujay] 17/7/2018 13:04

I must say that regardless of timing (and I am pleased to hear the update will be 7am tomorrow) I am expecting a very positive update indeed tomorrow. If the comments as to record trading volumes for bookies are accurate then the new combination should be flying along. Presumably the LADS shops will also be reporting strongly across the period.

[noujay] 17/7/2018 12:44

Thanks manics I hadn't realised that

[manics] 17/7/2018 12:23

Pre and post refers to the closed period, not a trading session.

[srpactive] 17/7/2018 12:00

B

Removed to ensure no confusion.

[buccini] 17/7/2018 11:53

That was another poster who said that. I am expecting to see an update in the morning.

[srpactive] 17/7/2018 11:50

Okay thank you, why would you suggest they are announcing
after close? I have been here since 2006/7 and I do not think
we have had one before, dyor.

[buccini] 17/7/2018 11:44

I doubt we will see too much US-related news in the trading update. Just a positive World Cup update, positive cost-savings on integration and a hint of things to come re the US.

[srpactive] 17/7/2018 11:35

B

Well spotted, do you feel it could have US related
news in the TS so the US investors are up and about
when released?

[buccini] 17/7/2018 11:27

EPS is expected to grow to 84.34p in 2019 (with no major sporting events in the summer), which puts them on a P/E of just 12.9.