Gvc Share Discussion Threads

[festario] 24/11/2018 19:27

Correct, Bet365 is a phenomenon, all my mates place their bets with them. They say it's the best software, best odds and best experience.I always wanted to buy a piece of Bet365, but they never floated it, they never needed the money!

[mylands] 24/11/2018 19:05

Agreed, and the other 50% is owned by various members of her family.

[coxsmn] 24/11/2018 18:04

Agreed, its a private company, its her money.

[oohrogerpalmer] 24/11/2018 15:34

To be fair to Denise Coates I have no problems with anybody earning that sort of money in a private company when they are as successful as bet365.
When she took over they were just a back street shop going nowhere that dad was running, she took it online and the rest is history.
Good luck to her.

[mylands] 24/11/2018 12:56

She owns around 50% of BET365

[shaker44] 24/11/2018 12:30

I think she is a major shareholder and much of that income was dividends but that isn't such a good media story....

[cheshiremoggie] 24/11/2018 11:53

A quick one for those of you who are critical of the GVC remuneration of its directors.A fairly good years pay was had last year byDenise Coates of Bet365...It was£285,000,000This is 285 million pounds.Personally I'd do her job for less than 200million if anyone is interested in hiring me.Get in touch.CM

[coxsmn] 23/11/2018 17:42

https://egr.global/intel/insight/view-from-the-city-reaction-to-gvcs-sensible-and-modest-neds-acquisition/

[mylands] 23/11/2018 09:53

Well done to those, not me, who added around 750p. Looking a very good price now.

[sambessey] 23/11/2018 08:45

Nice little rise starting to happen over the last few days...

[gbh2] 22/11/2018 15:36

Thanks, Guess I kicked a few more into my holding last Monday :))

[rickyy] 22/11/2018 15:28

online gambling is the new political football!

[gbh2] 22/11/2018 13:52

Anyone found out what the recent share price drop was about?

[coxsmn] 22/11/2018 09:46

Excellent, gvc's 'bolt on' acquisitions are proving very lucrative.

"Neds only launched in 2017 but it has grown already expected to achieve A$1bn of wagers and A$100mln of gross gaming revenues this year.

GVC reckons it can save A$16mln a year by combining its current Australian operations with Neds."

www.proactiveinvestors.co.uk/companies/news/209743/gvc-strengthens-position-in-australia-with-52mln-neds-acquisition-209743.html

[shaker44] 22/11/2018 09:25

Kenny has a strong enough track record that I for one would not second guess him

[fenners66] 22/11/2018 09:00

New entrant so he has bought up the competition.
Hmm kinda suggests that anyone could do it...
Might be expensive...

[mylands] 22/11/2018 07:19

Another acquisition, this time in Oz. Good old Kenny!

Acquisition
22 November 2018

GVC Holdings PLC
(“GVC”, the “Group”)

Acquisition

GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce the acquisition of Neds International for an initial AUS$68m (c£37m), with a total maximum consideration of up to AUS$95m (c£52m).

Neds International is a relatively new entrant into the Australian digital sports betting market, having launched in 2017. Through a combination of effective marketing, proprietary technology and an experienced management team, the business has grown rapidly and is expected to achieve AUS$c1bn of wagers and GGR of AUS$c100m in the year to 31 December 2018.

Australia is a core market for the Group and one that continues to grow strongly. Scale is increasingly important and the combined businesses will become a top three player and the deal represents a key development in our ambition to be a market leader in Australia. In addition to scale, Neds’ proprietary technology complements and enhances the Group’s existing operations in Australia. Anticipated synergies from combining the respective operations are AUS$c16m on an annualised basis and fully realised in 2021. The acquisition is expected to be earnings accretive from 2020.

Kenneth Alexander (GVC, CEO) said: “Australia is a core market for the Group and today’s acquisition further strengthens our position. Neds is an exciting business, with talented people and enables us to further grow market share through two differentiated brands.”

Dean Shannon (Executive Chair of Neds) said: “GVC is a natural fit for the Neds business, we share the same entrepreneurial ideals, whilst delivering market leading products and service to our customers.”

Jason Scott (Australian CEO of Ladbrokes) said: “I am thrilled to lead the Ladbrokes and Neds businesses. The transaction proves beyond all doubt that GVC is here to stay in the Australian market.”

– ends –

[mylands] 21/11/2018 16:01

Now 5% on the day. Makes a change from all these recent big percentage falls.

[rhuvaal2] 21/11/2018 15:30

Years ago I bought GVC down to 92p & had up to 44k of these (when my broker wouldn't trust it in any shape or form) but I felt really content with it, a long term hold, then selling nearly all from 950 to 1050p (exclaiming "I don't want to be around in a
market crash"): recently bought just a few @ 780p yet the markets are still
pretty buoyant and my feeling is to wait until Joe Bloggs is really frightened of
holding shares. Maybe catch a falling knife at say 605p, or better.

I am 60% in cash .

[popper joe] 21/11/2018 13:08

Yesterday's debate on amendments to the gambling element of the Finance Bill. Next target... Advertising.

[fizzypop] 21/11/2018 12:19

Woody have a look at SCPA, down 30%.

[coxsmn] 21/11/2018 08:24

Today's Telegraph"In an embarrassing admission of ­defeat, the Government last night ­accepted a series of Labour and SNP amendments, including on tax evasion and fixed odds betting terminals."

[mylands] 20/11/2018 19:58

Big falls on the Street, now down over 550pts, a fall of over 2%.

[tobyjo] 20/11/2018 18:53

There is also Royal Mail stuck in position 125 so at the moment if things stay as they are will be the demoted one Toby Joe.

[loganair] 20/11/2018 18:00

Next quarterly review is Wednesday 5th December, taking effect Monday 24th December.

Current bottom position of FTSE 100 constituants - Just Eat 109th, Rightmove 105th, Seven Trent 100th, Direct Line Insurance 98th, Wood Group 97th, Berkeley 96th.

Current top positions of FTSE 250 - Sirax-Sarco 89th (Automatic entry), Hiscox 94th, Aveva Group 99th, Phoenix Group 101st.