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GVC Gvc Holdings Plc

1,039.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gvc Holdings Plc LSE:GVC London Ordinary Share IM00B5VQMV65 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,039.50 1,038.50 1,039.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gvc Share Discussion Threads

Showing 26876 to 26898 of 40525 messages
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DateSubjectAuthorDiscuss
11/7/2017
14:07
The debate in the US is really about a piece of legislation called "PASPA" (Professional and Amateur Sports Protection Act). This does not ban sports betting, it bans a state legislature from authorising it!. There are certain exceptions - Nevada for example has been able to tap in to this.

The reconstitution of the Supreme Court slightly moves to dial - but nothing quickly.

caithnessy
11/7/2017
14:00
I have added.If the USA opens up which is looking increasingly likely,it will dwarf any revenues from Turkey imo
nurdin
11/7/2017
13:54
Men in dark glasses have this now and are piling on the short pressure.
catswhiskas
11/7/2017
13:42
Quite a few, unrelated, gaming stocks down by a similar degree today.
festario
11/7/2017
13:31
Noujay, I'm afraid the company have to get on with actually paying dividends, rather than just seeing notes forecasting them.Once the income stream recommences, then the share price will take care of itself.
festario
11/7/2017
13:25
Some great write ups and yet the price tanks..the power of brokers notes!
noujay
11/7/2017
12:32
I found GVC four years ago and could see the great potential. It seems management was effective !
sirhedgealot
11/7/2017
11:17
Keep shorting men in dark glasses looking for sub 750 today
catswhiskas
11/7/2017
11:13
Indeed - that was a little odd. 888 made an offer for BWIN and GVC beat them do the prize. That was the deal and left 888 wide open to a TO bid.

Hills are the ones that have really dropped the ball and are also very much in play.

Good article though - we have done well as LT shareholders :-)

trentendboy
11/7/2017
11:00
It's more sloppy journalism though isn't it.Because I have no recollection of an offer from 888 to buy GVC, that was 'side stepped'
festario
11/7/2017
10:41
Thanks , good read.
sirhedgealot
11/7/2017
10:35
Excellent article..thanks for posting
nurdin
11/7/2017
10:28
The growth stock I’d buy that’s returned 42% p.a. since 2012

Rupert Hargreaves | Tuesday, 11th July, 2017 | More on: GVC
Image: Public domain

There are very few companies out there that can consistently produce double-digit returns for investors year after year. However, these companies do exist and sometimes fall to such attractive valuations that it’s almost impossible not to buy.

One such company is gaming group GVC Holdings (LSE: GVC). Its growth over the past five years has been nothing short of explosive. Until the beginning of 2012, the company failed to attract investors’ attention, as it traded on AIM and was considered to be something of a speculative play on the growth of online gaming.

Nonetheless, over the next few years, the company powered ahead and gradually gained recognition among investors. It generates the majority of its revenue overseas, in countries such as Germany, Turkey and other unregulated markets where profits can be significantly higher than in the UK.
Big break

GVC’s biggest break came in 2015 when the company sidestepped an offer to buy it from 888 Holdings. It then went on to buy rival Bwin for £1.1bn, a 45% premium to the prevailing market price. At the time many analysts thought the company was overpaying, but over the past two years, GVC’s management has shown that if anything, as well as making itself a tougher takeover target, the group underpaid.



At the beginning of this month, it unveiled a robust 16% growth in revenue from sports betting, most of which came from Bwin. Since the acquisition completed, the group’s overall daily revenue is a by around 11%, showing that efforts to cross-sell and streamline Bwin’s offering have paid off handsomely.

And since the acquisition, the firm’s market capitalisation has exploded from around £300m to £2.2bn in just two years. GVC has gone from being the prey to the predator, and more established players in the UK gaming market such as William Hill and Ladbrokes Coral are being touted as possible bid targets.
Explosive returns

As GVC has exploded in size, shareholders have reaped the benefits. Management has decided to return most of the group’s excess cash to shareholders, meaning that over the past five years it has paid out around 130p per share in dividends, equal to around 81% of the firm’s 160p share price at the beginning of 2012. When you add capital growth, over the past five years, the shares have produced a total return of 460%, a compound annual growth rate of 41%.

City analysts believe that these explosive returns can continue for at least the next two years. Analysts have pencilled-in a dividend yield of 3.8% for 2017, followed by a yield of 4.2% for 2018. Earnings per share are expected to grow 23% to 61p for 2018, meaning that the shares currently trade at a 2018 P/E of 12.5.

GVC has proven itself to be a serial acquirer over the years, and if management decides to do another deal at some point in the next 24 months, then these forecasts will be revised higher. At the end of 2017, the company reported net debt of €132m and a cash balance of €370m, giving plenty of firepower to make further acquisitions as they emerge. If management decides to pull back from acquisitions, for the time being, there’s lots of cash for special dividends to investors.
The bottom line

So overall, after returning 41% per annum since 2012, it looks as if GVC can continue to produce market-beating returns for investors for the foreseeable future.

garycook
11/7/2017
10:03
Short sub 7 !
catswhiskas
10/7/2017
14:17
An interesting show.
sirhedgealot
10/7/2017
10:07
The shorts have got to close their position before they get burnt, I think we are seeing them close. Dyor imho
timanglin
10/7/2017
09:56
New York state another likely to regulate online poker this year:

"Although NY online poker failed to cross the finish line in 2016, momentum is building rapidly, rendering New York an odds on favorite to pass a bill in 2017."

hxxps://www.onlinepokerreport.com/us/

woodhawk
10/7/2017
09:40
My feeling is that GVC are monitoring events in the USA before making a decision on acquisition.Should Penns go forward and other states show an inclination to follow,then it would make huge sense for GVC to use their resources to get in bed with a major operator there.
nurdin
10/7/2017
09:35
Big trade of 130k at 761p when the price was below 758p. Someone taking advantage of the fall.
mylands
10/7/2017
09:28
Great, thanks Mylands!
woodhawk
10/7/2017
09:26
Here's a link to news on Pennsylvania online gaming bill:
mylands
10/7/2017
09:23
Well done Festy! I had 4K at an average of 753.50p, with another cheeky order in at 740p just in case.
woodhawk
10/7/2017
09:20
Cancelled my 750p order, bought at 757p instead.It just needed doing.
festario
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