Gvc Share Discussion Threads

[festario] 25/8/2017 12:28

Cox, I'm afraid you need a subscription to read that.

[coxsmn] 25/8/2017 12:24

https://www.ft.com/content/3449f15c-8363-11e7-94e2-c5b903247afd

[trentendboy] 24/8/2017 09:26

The share price is reflecting these problems I think.The key is the next mega deal. They are clearly running the rule over all of those left.The UK market is an interesting one. Regulatory tailwinds but means some cheap prices in this time of uncertainty.Interesting that LADS and GVC had such different valuations on the business. Again, the old guard over valuing their property portfolio in the new age.I hold LADS and whilst the deal with Corals was good and working with ptec was wise, there are still the fobt problems to deal with if they hit profits badly.

[timanglin] 24/8/2017 08:46

Well PTEC results impressive and a 5 percent opening drop.

[diviincomesearch] 24/8/2017 08:44

Pretty darn well I'd imagine. The setbacks with Czech Republic, turkey etc. However may weigh on results plus the tough comparison with last year and no major football tournament means I'm interested in September's results. Fingers crossed for a beat to the upside and a dividend!

[plasybryn] 24/8/2017 07:39

From today's Playtech results:-Finally, it is worth noting that since the start of the year, the Euro has strengthened significantly against many currencies. By taking Playtech's budget at the start of the year and applying the impact of actual currency rates to date, then applying today's spot rates from now until the end of the year on remainder of the budget, the impact on our budgeted reported EBITDA is well into double-digit millions.How does this impact us?

[deanowls] 23/8/2017 14:31

Would buying 888 bulk up gvc said share price on a higher valuation which will allow them to use its shares to a greater effect. Going after lads to me would put more risk within the company.

[loganair] 23/8/2017 12:33

Ladbrokes Coral says no to GVC’s £3.6 billion takeover bid:

The Financial Times has reported that FTSE-listed GVC Holdings has failed in its attempt to takeover UK market rival Ladbrokes Coral Plc.

The business news source reports that Ladbrokes Coral governance had reviewed a £3.6 billion group takeover deal, aimed at creating ‘the outright UK gambling market leader’, by merging GVC’s digital gambling brands with Ladbrokes Coral retail and online assets.

Last December, City rumours surfaced that GVC governance had asked its financial advisors to prepare a potential bid for newly merged Ladbrokes Coral.

It appears that Ladbrokes Coral governance will not present the GVC takeover offer to its investors, as there is a firm disagreement relating to the company’s value.

Detailing further insights, The Financial Times reports that GVC governance had valued Ladbrokes Coral group assets at £2.7 billion, with a proposed incentive of 50p per share, pricing its bid at £3.6 billion.

Ladbrokes Coral governance has rejected the deal, with stakeholders close to the negotiations stating that parties are no longer in active talks. Both Ladbrokes Coral and GVC declined to comment on the bid.

Industry analysts will be monitoring this story closely, as there are concerns that further regulatory challenges and restrictions imposed by the UK government, may lead to a ‘fresh round of consolidation’ for the betting and gaming market.

At present, the governances of industry FTSE-listed bookmakers are now eagerly awaiting the UK governments industry review which is set to be published this autumn.

[trentendboy] 23/8/2017 11:05

Remember that LADS online is only doing well since getting into bed with PTEC who now own 10 percentThat was Hills big mistake ditching PTECI own PTEC but have been buying more - greater upside imo

[kop202] 23/8/2017 10:44

LADS..... Kenny A won't overpay Ladbrokes like WMH is a very well known brand thanks to there high street presenceHow many of the general public have heard of GVC?Do they make tv's!

[fenners66] 23/8/2017 10:03

Let LADS get dragged down by property and fixed odds BT restrictions and then pick off their online operations.

[cheshiremoggie] 23/8/2017 09:38

A quick trawl through some lads news gives latest figures as retail down 6%, online up 17%.Says it all really...CM

[joeywald] 23/8/2017 09:10

Seems the market likes the LADS outcome. Who next? 888?

[cheshiremoggie] 23/8/2017 09:08

There seems to be a consensus that the lads bid is a strange one.I agree - bricks and mortar are the past bringing all sorts of issues. A shop employee was murdered a while ago and the business becomes an exercise in property management. Maybe though we aren't giving KA enough credit - buy lads, sell off the shop business (already being negotiated) keep the brand and online?Surely he wouldn't buy the declining, obsolete, high maintenance shops without a 'plan'?Personally I would also like a few dividend payouts as well before there is another massive integration....CM

[investmentguru] 23/8/2017 08:47

Not keen on another acquisition until share price reflects benefits of the last one and dividends are flowing freely...

[diviincomesearch] 23/8/2017 08:11

Agreed on the LADS offer, let's bed down the Bwin takeover, get a year or two of solid cash flows, restart the divis in some form and build up a war chest for a few smaller acquisitions. We'll be in danger of biting off more than we can chew otherwise.

[hillbrown] 23/8/2017 08:01

It worries me when CEOs start believing they can walk on water. Kenny has done wonderful things for GVC but blindly following him is not an option for me. Am having a hard think and reviewing my options as I may have too much exposure to a man who may standing on the edge of the lake.

[rbonnier] 23/8/2017 06:59

As soon as any rumour that gvc is going after william hill the share price will tank especially with fobt stakes slashed to 2 quid a go from next year a distinct possibility all sorts of problems for the share price here if that happens.

[plasybryn] 23/8/2017 06:44

I would like:-1. the Co to walk before it runs2. to clarify its vision, objectives & strategy3. personally to resume a well articulated dividend policy4. Recognise that big isn't always beautiful

[festario] 22/8/2017 23:56

I'm not convinced that LADS is the best way forward for GVC. Who would have thought that was even possible just a couple of years ago? I nearly choked when my friend 'Investment Guru' texted me to say that GVC was going after SportingBet.Whatever Sir Kenneth does is fine by me, just as long as dividends recommence soon, and the mighty GVC moves towards the FTSE 100

[oohrogerpalmer] 22/8/2017 19:05

I find it strange as well.
Especially with the review of the FOBTs still too come.
Would have thought far better opportunities elsewhere as bricks & mortar is not the future in this industry!!

[nurdin] 22/8/2017 18:58

What is Ladbrokes attraction to GVC? Yes they get the online business but what would they do with bricks and mortars assets? Puzzled

[trentendboy] 22/8/2017 18:45

Very interestingWould make GVC a giant in the sector,It is the way it is going. Small number of monster companies.If gvc is one of those we will be fortunate.Hills perhaps

[speedsgh] 22/8/2017 18:33

As per post #26931 above...

GVC’s latest bid for Lads Coral fails -

UK-listed online gambling operator GVC Holdings has once again aborted discussions to acquire UK rival Ladbrokes Coral Group.

On Tuesday, UK media reported that GVC had made a new offer to acquire Ladbrokes Coral, the online/retail gambling behemoth created last year via the £2.2b merger of Ladbrokes and Gala Coral Group. Sources claimed talks had been going on for several weeks but fell apart for a number of reasons, including a failure to agree on a valuation of the company.

The Financial Times reported that GVC had offered £2.7b for Lads Coral, or roughly 140p per share, although GVC reportedly proposed boosting that per-share offer by 50p, which would have pushed the total offer to £3.6b.

This £900m top-up was reportedly contingent on the findings of the UK government’s pending triennial review of the gambling industry. The review, which is expected to be released this autumn, could result in further restrictions on gambling advertising as well as potentially significant curbs on the use of fixed-odds betting terminals (FOBTs) in betting shops. Ladbrokes Coral relies on FOBTs for a significant chunk of its revenue.

This marks GVC’s second attempt at acquiring Ladbrokes Coral. The original effort came to light last December, when UK media reported that Ladbrokes Coral had spurned GVC’s £3.2b offer for the newly merged entity. The fact that GVC has apparently returned to the table so soon illustrates GVC CEO Kenny Alexander’s appetite for exploring “further acquisition opportunities should they arise.” So where’s the offer for the struggling William Hill, hmmm?

[shaker44] 22/8/2017 17:56

You are right but maybe they feel the need to make strategic moves in the light of regulatory threats. I realise that anything they buy in this sector will also have regulatory hurdles