Gvc Share Discussion Threads

[italianofacilejan] 26/10/2020 11:07

12-15m before substitutions UK..needs now to be added to Euro Retail following closure of Italian Bookies from today...lower contribution but looks like they operated at 3m operating costs pm in previous closure in Euro land, based on normal OC of about 6m pm...Loss of NGR c25m pm with entire Italy shut down..45% contribution..about 8m pm EBITDAR....so around -20m EBITDAR a month with UK Retail..before substitutions..

[wilco69] 26/10/2020 10:48

William Hill said that 100 retail shops closed for 4 weeks under local lockdowns would impact EBITDA by c£2m before any furlough payments. GVC have about 3k shops so if you say they have 25% shut then it’s £15m a month before any changes to player behaviour.

[the white house] 26/10/2020 10:19

....Increase....No, no he did not.....you did though

[popper joe] 26/10/2020 09:57

I think you will find that Italiano did mention the increase in online betting.

quote:(that's 17.5m shortfall to Ebitdar pm..before 1.salary subsidy.. Say 5m..2.and bets made online.)

[the white house] 26/10/2020 08:59

Incorrect.You have to balance online to your one sided dataMany punters that attended bricks and mortar only have now taken to using apps in the last few months. Sport on screen is well up, Live PL yesterday had 50pc more action 3 instead of 2 live gamesResults are currently bookie v friendly with 5 of the big 6 not in the Top 8. Unheard ofResults will be up despite closures

[italianofacilejan] 25/10/2020 15:37

If estimate 25% of gvc owned bookies are closed in tier 3 and Wales right now and given ngr of c100m a month from UK retail might suggest 25m ngr being lost a month right now..contribution margin of 70%..that's 17.5m shortfall to Ebitdar pm..before 1.salary subsidy.. Say 5m..2.and bets made online...hopefully still within guidance 770/790 wriggle room..

[coxsmn] 23/10/2020 22:15

https://www.playnj.com/news/nj-online-casino-september-2020/51393/

[popper joe] 23/10/2020 13:24

Gary was sharing from Motley Fool.

[stewpot3] 23/10/2020 12:43

I stand corrected.

[wilco69] 23/10/2020 12:31

And the newly appointed Head of Media Relations is Tessa Curtis.

[srpactive] 23/10/2020 12:16

s3

GC has been posting here for years.

[stewpot3] 23/10/2020 12:03

GVC recently appointed a public relations officer to counter some of the bad press that they receive on a regular basis. The name wasn't GaryCook was it? A new contributor, with a very erudite and impressive summing up of the company (with which I agree by the way),out of nowhere. Perhaps I am too cynical these days. Over to you Mr. Cook.

[srpactive] 23/10/2020 08:56

GC and C

Excellent posts and information, you must
be very intelligent people, great thread.

active

[coxsmn] 23/10/2020 08:45

BetMGM Sports twitter followers
Up 19% for trailing month to date.

Tennessee launch expected Oct 30-Nov 2
Population 6.9M.

hxxps://www.gamingtoday.com/industry/News/article/93702-Tennessee_online_sports_betting_launching_soon

[srpactive] 23/10/2020 08:18

Excellent post, I like being reminded of the price I
paid in the fall, 362p and 400p.

Just the job.

dyor

active

[garycook] 23/10/2020 07:48

If I were to list my top FTSE 100 stocks right now GVC Holdings (LSE:GVC) would definitely make the cut. GVC has seen its sales increase during the economic downturn caused by the Covid-19 pandemic.

GVC is one of the world’s largest sports-betting and gaming groups, with operations online and in the retail sector. It operates in more than 20 countries with approximately 24,000 employees. GVC’s brands include bwin, Coral, Ladbrokes, Gala, and Foxy Bingo to name a few. It also provides third-party services to customers on a B2B basis.FTSE 100 champion

GVC has grown tremendously over the past decade or so. It has strategically acquired many smaller contemporaries across Europe and beyond. Acquisitions show me a business is thriving, progressing, and ultimately has the ambition to grow.

When the market crash occurred, GVC lost approximately 65% of its share price value. In mid-February, shares were trading for 930p per share. Fast-forward a month and GVC was a FTSE 100 bargain with shares trading at 325p per share.

At the time of writing, GVC’s share price has made an excellent recovery and shares are trading for over 1,000p per share. This has surpassed pre-crash levels. Based on its current price, shares are trading at a PEG ratio of just 0.5. In my opinion this means the stock offers a healthy margin of safety.
Recent performance.GVC released a Q3 trading update earlier in October that showed positive results despite the economic downturn. Group gaming revenue rose by 12%. Online activity rose by 26%, which would have offset the slight decline in the UK retail market which fell by 5%. EU retail actually rose but by a marginal 2%. This was the 19th consecutive quarter of double-digit growth for GVC. Not many FTSE 100 firms can claim they have achieved such a feat. In addition to this, it reported market share gains in all major territories too.

GVC has recently entered the US market with a new venture and I believe this could be key to further growth. In the update, GVC confirmed that it had now gone live in eight states and US revenue is expected to surpass initial expectations. It also announced another acquisition in the form of a major online gambling operator in Portugal that will further enhance its market share. Despite the pandemic affecting its retail business, GVC confirmed that all of its retail outlets were now open and volumes were within 10% of pre-Covid-19 levels.Growth to continue?

One of the key questions that GVC may face is whether it can keep up its rapid growth. I honestly believe it can. Some may consider its current price slightly expensive, however, I believe GVC is a still great opportunity right now at its current price.

One of my Foolish colleagues wrote about GVC a few months ago. He noted how GVC’s stock has produced an average annual return of 27.2% for investors over the past decade, which is seriously impressive. If you compare this to the FTSE 100 as a whole, the average total return is 5.8% across the same period. This provides some perspective as to how well this once small start up has done and how it has grown into one of the largest gaming brands across the world.

[coxsmn] 22/10/2020 16:15

https://www.insidermedia.com/news/ireland/ladbrokes-unveiled-as-new-down-royal-sponsor

[the white house] 22/10/2020 16:08

Not an annual issue, other ways to resolve

[the white house] 22/10/2020 16:07

BetMGM app now unified & transferable across 4 states, IL, WV, NJ & CO with Nevada joined up early 2021.

[italianofacilejan] 22/10/2020 15:17

Maybe a contributor
A new Special Purpose Acquisition Company (SPAC) led by former NYX and Scientific Games CEO Matt Davey is seeking a US sports betting acquisition worth at least $1bn (£760m). Tekkorp Digital Acquisition Corp will begin trading today on Nasdaq and is expecting to raise up to $250m through its IPO. In its S1 SEC filing,…EGR

[italianofacilejan] 22/10/2020 14:27

Cuomo not playing ball
Oct 17 Once again, New York Governor Andrew Cuomo has neglected to include mobile sports betting in the state budget. New York legislators were hoping to convince Cuomo to add mobile sports betting into the budget to help address some of the Coronavirus costs. Not to mention the less tax revenue next year due to the current economic shutdown. However, Cuomo ignored those pleas and kept mobile sports betting out of the budget for a second straight year.

[the white house] 22/10/2020 13:08

Strong on fresh talk of New York signing off mobile betting in time for Super Bowl. New Joisey killing it mounting the pressure on next door

[the white house] 22/10/2020 13:06

Aftertimer

[tongosti] 22/10/2020 10:24

Two firm closes (IF) below 930 and 800 becomes the next line of least resistance. Glad I got out with a few shekels when Mr Market told me so.