Gvc Share Discussion Threads

[shayadfn] 09/10/2017 16:05

I have noticed that most of the brick & mortar shops normally open in low income areas.

[fenners66] 09/10/2017 15:43

Surely the right thing is to avoid bricks and mortar.
Has he reached the point where he believes he is invincible?
£3.5Bn takeover will have serious baggage with it.
Skeletons in closets that they will not find until later.

I know he has been very successful so far but can he bite off more than he can chew?
Statistically the majority of mergers don't deliver.

[mylands] 09/10/2017 15:05

shaker44

That hadn't occured to me!

Regarding press reports about a possible acquistion of/merger with Lads, the Lads share price has hardly moved which if the reports are true is surprising.

I trust Kenny to do the right thing for us shareholders. Let's hope I'm right.

[noujay] 09/10/2017 15:03

Popper as I recall he was comfortable doing a deal but he was equally clear that they would not take any risk (absurd as that may sound of course when doing any deal, although I am 99% certain he did say that), and should there be no appropriate deal available then they would kick on organically. Doubling profits in four years was his target else it would represent failure.My concern is that the scale of these potential deals is so significant that he will certainly be under pressure to simply do something, and that could affect the capital growth going forward and, depending on the structure, the dividends which have only just resumed.

[loganair] 09/10/2017 14:40

A multibillion-pound merger between GVC and Ladbrokes Coral could be finalised as soon as this month in a move that could trigger a wave of fresh M&A deals across the industry.

The Financial Times newspaper reports that the two companies are further towards completing a deal than previously known.

The newspaper believes Ladbrokes Coral and GVC have already agreed on the shape of a new executive team and board.

The merger, which would coincide with the outcome of a UK regulatory review due this month, could inspire rivals to combine as they bid to prevent losing market share.

William Hill, Paddy Power Betfair, The Stars Group, 888 Holdings, Rank Group and Jackpotjoy have all reportedly drawn up their own battle plans.

“After the review, it won’t be the commencement of talks, it will be the continuation of them,” David Jennings, head of leisure research at Davy, the Irish wealth managers, told the Financial Times.

In August, the Financial Times revealed that GVC had offered up to £3.6bn (€4.0bn/$4.7bn) to take over Ladbrokes, but negotiations collapsed and Kenny Alexander, GVC’s chief executive, has said he will not consider any deal until after the review.

Last month GVC revealed double-digit revenue and earnings growth in the first six months of 2017 up to June 30.

In releasing its results GVC indicated a desire to seek more acquisitions, after last year taking over Bwin in £1.1bn deal that sent the firm into the FTSE 250.

Alexander said: “Strategically, the organic growth potential remains exciting and through further product development and increased marketing investment we are well placed to pursue these opportunities.

“However, we operate in an industry where regulation and increased taxation present headwinds and these are best addressed through scale and diversification. The combination of our people, proprietary technology and proven M&A track record, means GVC is well positioned to play a significant role in the industry's ongoing consolidation.”;

[shaker44] 09/10/2017 14:18

No problem. Scotland will just bet against England!!!

[mylands] 09/10/2017 14:09

Festario

Well, one of the home countries is out - Scotland, so no need to concern ourselves with the tartan brigade betting heavily during the World Cup.

[srpactive] 09/10/2017 14:00

F

One of our non exec's is with Purplebricks, I believe.

[festario] 09/10/2017 13:50

The shops, which no one ever goes in, are a millstone around the neck of all high street bookies.The rents are crippling.Kenny hasn't been in the market for a high street brand before, and the advice on how to dispose or otherwise of the bricks and mortar shops will be needed, and critically important to any deal.I wouldn't touch LADS, but I'm not as smart as Kenny.

[trentendboy] 09/10/2017 13:37

That makes perfect sense to me. Got to have a strong presence in one of the largest regulated markets in the world.

They can then reduce/sell shops over time but keeping the very strong LADs brand.

[popper joe] 09/10/2017 12:42

Anybody who listened to Kenny during the recent webcast could be left in no doubt that they are prepared to do a deal that includes shops in order to gain a presence in the UK. He said that the UK was a gap in their market and the prospect of building a brand in the UK was unrealistic. Hence they would be looking to buy a brand and if that meant taking on shops to get it then that is what they would do.

[noujay] 09/10/2017 11:50

Interesting article in the FT at the weekend about all the potential consolidation. It sounds like GVC/LADS is very much still on the cards post the review.I'd far sooner this didn't happen and would prefer to see GVC keep throwing off cash and pay down the debt, but it is starting to sound inevitable.https://www.ft.com/content/83d21c26-a367-11e7-b797-b61809486fe2

[noujay] 07/10/2017 17:47

Could argue the same for Kenny at the same time although he at least doubled his money on conversion!

[coxsmn] 07/10/2017 17:43

Norbert Teufelberger sold ~300000 shares 21/22 Sept. Badly timed as ever.

[shayadfn] 07/10/2017 13:10

Anyone notice, Marshall Wace increased their short on the the 4th, I suspect they will increase their short position after the Trading update, as gvc makes new highs.

[mylands] 06/10/2017 12:44

After the brief, and it was brief, rally in Sterling, we are now heading south once again. Bad news for all those imports we need to keep the economy going but good news for GVC.

[deanowls] 06/10/2017 11:52

I believe he is linking up with where the majority of GVC has business, with the UK currently not a large market for the, let's hope Germany have a lot of 0 0 draws!

[mylands] 06/10/2017 11:42

Festario

Disagree.

When it comes to gamblers betting on their home country it's all about emotions not reality.There are millions of potential gamblers in the UK all waiting to take a punt on their home country. If you're not in the World Cup that's bad news for the bookies.

Good to see us reaching new highs.

[srpactive] 06/10/2017 09:55

Yes quite right, the Turkey group is all open.

Russia and Brazil there, get the bets on.

Big bets tonight on Turkey I would presume.

[festario] 06/10/2017 09:48

It would be FAR better to watch the bets roll in on Russia, Turkey and any of the South American teams that qualify.The UK home nations won't attract much business.

[srpactive] 06/10/2017 09:40

Even better then, more play offs to bet on Scotland, and
the other teams.

[fenners66] 06/10/2017 09:12

Scotland still have to win to make it to the playoffs - where they will have to win over 2 legs - that's still a long way to go.

[srpactive] 06/10/2017 09:09

Yes lets hope so Wales tonight, Scotland win on Sunday.

NI in ply offs..

Yes all looking good.

[mylands] 06/10/2017 08:44

Active

Has to be positive, all those UK fans backing their home teams. Ideally all four home teams through to the World Cup, but maybe that's in the realms of fantasy!

[srpactive] 05/10/2017 21:46

England through to Russia World Cup next Summer, and Scotland have a good
chance too, this should move nicely higher tomorrow, dyor.