Gvc Share Discussion Threads

[capercaillie] 08/10/2020 07:17

Great numbers across the board.

[italianofacilejan] 08/10/2020 07:15

Breathtaking....Increased guidance...yesterdays high could be todays low..

[garycook] 08/10/2020 07:14

GVC,Making plenty of profit,but No reinstatement of any dividend.Disappointing !

[wilco69] 08/10/2020 07:12

in a nutshell: GVC has again produced an outstanding set of results, with the Online division’s net gaming revenues (NGR) +28% at constant currency (cc), the company’s 19th consecutive quarter of double- digit growth. Following strong underlying performance, GVC has raised FY20 EBITDA guidance to £770m-790m from £720m-740m, a c7% increase at the mid-point. US momentum remains strong and GVC estimates that it has a 17% market share in the US states where it is present.
● NGR Growth strong at 14%: Online NGR grew by 28% in Q3. A crowded sporting calendar led to exceptional wagering growth (+25%), with online gaming NGR continuing to track ahead of pre-COVID-19 levels (+28% at cc). UK Retail volumes have rebounded to within 10% of pre-COVID-19 levels, contributing to a 5% decline in NGR on a like-for-like basis. Furthermore European Retail NGR grew by 2%, reflecting a good performance in Italy that offset a slower recovery in other geographies.
● Strong US momentum: Launches in Indiana, Colorado and West Virginia have yielded market shares broadly in line with the company’s expectations of 15-20%. On the whole, GVC estimates that its BetMGM brand currently has a 17% market share in sports-betting and iGaming across the states in which it operates. With BetMGM tracking ahead of expectations, GVC has raised its estimates for net revenues from the US to $150m-160m (from $130m). The share of losses for the joint venture are expected be £60m this year, up from the previously expected £40m.
● Bolt-on acquisition: The company also announced today a bolt-on acquisition in the nascent but fast-growing Portuguese market. bet.pt, one of the earliest entrants to the market, is a leading online operator in Portugal and could contribute c£10m to EBITDA in FY21.
● Changes to numbers: We upgrade our FY20 EBITDA estimates by 6%, reflecting the strong Q3 performance and subsequent increase in guidance. We are, however, including the impact of the implementation of the German Tolerance Policy in our numbers, leading to a c3.5% downgrade to our FY21 EBITDA estimate. While the expected impact in FY21 from the changes in Germany equates to £70m in absolute terms, we reduce our FY21 EBITDA estimate by c£30m, reflecting the robust performance of the company in Q3, as well as the acquisition of bet.pt.

[srpactive] 07/10/2020 22:03

Well if the update is good and the dividend news is positive, who
knows maybe I should have said over the next few weeks, if the
analysts are on our side and IDS and co keep quiet.

active

[badger8888] 07/10/2020 20:48

All time high £11.70ish?

[srpactive] 07/10/2020 20:44

US markets up strongly so with a decent update we could be testing the
all time high tomorrow, fingers crossed.

dyor

m

More rubbish dragged up by IDS and co probably.

[merism] 07/10/2020 20:23

I wonder if we will get an update on the bribery investigation, not heard much about that since the RNS.

[srpactive] 07/10/2020 20:17

twh

Is that you wish or fact?

[the white house] 07/10/2020 17:58

Divvi to be reinstated to those holders at close of play...

[gbh2] 07/10/2020 16:45

Sold off 20% ca 1055p in four lots, no dealing charges atm :)

[tongosti] 07/10/2020 16:40

Another point of view is that if one is a trader and not an investor then hearing the cash register ring as frequently as possible is the name of the game. In other words, the longer term is nothing else but a continuum of a zillion shorter term trades. Good luck.

[mylands] 07/10/2020 16:02

SRP

Depends how many you have and what proportion of your portfolio GVC makes up. If it's significant then top slicing 10% is my advice. Leaves you with 90% but banks a good proportion of your profits.

As the saying goes 'you will never get poor on a profit'.

[coxsmn] 07/10/2020 15:34

still cheap here compared with peers and for a high growth business.

[jayjaymc] 07/10/2020 15:27

Took 50% @ 10.67 letting the rest ride.

[tongosti] 07/10/2020 14:54

V sensible to top slice in front of a key release. Just took two thirds of my position off. +5% in less than three days is not to be sniffed at. The rest is on the house now. Good luck all holders.

[mylands] 07/10/2020 14:48

jayjay

The results had better be excellent after this rise. Anything less will result in a serious retracing.

My advice is top slice.

[jayjaymc] 07/10/2020 14:04

Let's hope for some excellent results tomorrow

[tongosti] 07/10/2020 13:59

And here we go fellas - fasten your seatbelt and enjoy the ride North!

[tongosti] 07/10/2020 13:50

On the move again - if we break the 1050 barrier now the odds are for another 20-40 points advance before the close today. Come on GVC

[srpactive] 07/10/2020 08:14

Little retrace ready for a move higher for a few sessions hopefully
after the results tomorrow.

dyor

[italianofacilejan] 07/10/2020 08:12

Agreed, you can trace this rise back to when Diller/IAC invested 1BN in MGM quoting his reasons as online Sport and Igaming...Aug 10 share price 716...

[the white house] 06/10/2020 15:32

Disagree, market moves are to do with US and Hills takeover and the future here in the US. RNS updates just before US markets open are a nod to that