Gvc Share Discussion Threads

[woodhawk] 15/12/2017 09:45

Any of you moneybags got a recommendation for software that will calculate your cap gains liability on shares (30-day rule, etc, etc), acceptable to HMRC?

[oohrogerpalmer] 15/12/2017 08:07

And a lot of the extra money that Kenny makes is paid out in divis!!!

[popper joe] 15/12/2017 00:39

A Story Of Our Times. (Or Times A Million!)


Kenny had a shop worth £2760.

Jim had a shop worth £3080.

Kenny said to Jim "Let's join together and our shop will be bigger and more efficient".

Jim replied "Well it wouldn't be fair if we throw everything in together because mine is worth a bit more than yours".

So Kenny said "Ok. You throw everything in and then take out £320 and we will each own 50% of the new, combined shop".

Then Kenny said "Well actually it was my idea so I would like to own a bit more than you, so if you take out £620. I will own 53% and you can own 47%".

Then Jim remembered that his shop had a magic money making machine in the store room that had been due for disposal and wasn't included in his shop's valuation, but a maintenance guy was due to come round and have a look at it next year. If he could get that working it would make Jim’s shop a lot more valuable. So he mentioned this to Kenny.

Kenny and Jim had a good think about the magic money making machine and decided that if the maintenance man could get it back in to full working order it would add £820 to the value of Jim's shop. But in all probability it would only work at a reduced capability and so its value to the shop could be anything from £820 down to zero.

So they agreed that they would go ahead with the deal with Kenny owning 53% and Jim owning 47% and then when the maintenance man had been and they knew how well the magic box worked, Jim could have some more money that would be taken out of the new, combined shop.

They both agreed that it was most likely that the maintenance man would get the magic money making machine working at about 20% of its previous capability and that this would mean that Jim could then take £580 out of the new shop's cash register, even though Jim would by that time own half of the new shop and so would be paying half of that £580 to himself.

Jim started to wonder if he had got as good a deal as he had first thought, so he asked Kenny how much income his shop would be contributing to this new, combined shop.

Kenny replied that a company named 4-traders.com had looked at his books and had forecast that net income from his side in 2018 would be £90.

Jim scowled at Kenny for a few seconds before declaring that after discounting anything generated by the money making machine, 4-traders.com had forecast that net income from his side would be £170.

"Oh that's good" replied Kenny. "So actually the combined shop, of which I will own slightly more than you, will be producing net income that is nearly three times what I was making on my own. Oh and also, if the maintenance man can get the magic money making machine working even a little bit, we will be making even more money!!!".

Jim was quite miffed at this stage and pointed out to Kenny that if the magic money making machine could be put back in to good use, he would be owed some more money.

Kenny nodded and said “Yes, that’s true. You and I will have to borrow the money to pay you. But on the other hand, if we can get the magic money making machine working again, our shop will be worth more than the £5220 that we have agreed on”.

Jim scratched his head and decided that he would leave Kenny to run the shop.

[mylands] 14/12/2017 15:45

With the latest batch of RNS announcements, the institutions now have 69%. At the same time Marshall Wace continue to reduce their short position, down now to 2,034 million (0.67%)

[woodhawk] 14/12/2017 13:18

Festy, I can't disagree with you about the qualities of this company - so you may well be right. However, I must back my own judgement and if I'm wrong, so be it. I'll miss out on even more gains here (and this has been, so far, my most profitable investment ever by a factor of 4) - but possibly at the expense of more gains, or losses, elsewhere. I'm not a 'buy and hold' merchant, come what may, I prefer to be more proactive - and that, I have found, is what makes me the most profit. So I'll take the - calculated - risk here and see what transpires. But good luck to all - I hope we all make a pile here, there, or elsewhere.

[noujay] 14/12/2017 12:56

Thanks for maintaining the tally mylands and for sharing. It makes interesting reading. I had commented here some months back following the merger with Henderson that it would be logical that the newly combined position would likely be reduced as it would simply have been too large to fit within their internal guidance.I'm not saying that's what happened but at the same time it's not entirely surprising, and that only one other institutional holder has reduced out of a decent number might lend it some credence.

[festario] 14/12/2017 12:56

Ah, but Woody you thought that at 820p before it flew up by a quid. I remember being in Madeira thinking, Hmm, he might be right.But no, and I think it will run away from you this time too, only because the one constant thing about this company is it's performance underpinning the 5 year chart.That chart takes us past 1000p by March, but it could get there much earlier as 'entities' jockey for positions prior to our move into the FTSE 100.That's the move that WILL see us into the 1500 to 2000p bracket.

[mylands] 14/12/2017 12:56

Woodhawk

I on the otrher hand still believe we will end the year at, or close to, 950p. Only two weeks to go.

[woodhawk] 14/12/2017 12:45

Festario, good for you. I suspect that after this brief move back up the share price will go below 900p, as I said a few days ago, but good trading and I'm sure you'll be further rewarded in due course.

[festario] 14/12/2017 12:33

Today I re-bought the ones I sold at 970p and 950p. (and a few more besides)I used those funds in VRS. Still got plenty of those.

[festario] 14/12/2017 11:05

Hidden amongst the stack of holdings RNS's.All resolutions at today's EGM were passed.

[festario] 14/12/2017 10:52

Brownie, my target to exit GVC and do other things was always around 900p.But now, with the FTSE 100 beckoning, it's 1500p minimum.

[brownie69] 14/12/2017 10:22

Cant resist.

Ive picked up a few trading shares at 916p. Used a bit of the top sliced profits. Hopefully will be out in 3 or 4 months or so around 950p which is my target.

I'm seeing this as punt of the Lads deal getting done and the market understanding the synergies are far bigger than Kenny has been letting on. Bit of a track record of under promise and over deliver. There was a research not from one of the big brokers a few months ago that looked at all M and A options between the bigger gaming players, and they put the synergies at £200m+. Wish i could remember who it was. If I can find it I'll paste the relevant part.

[woodhawk] 14/12/2017 09:54

I thought you said all the institutions were increasing the other day, mylands. Did the 11M sales and Legal and Gen and Dimensional reductions all elude your eagle eye somehow?

[mylands] 14/12/2017 09:16

Popper Joe

Yes, I'll post the changes shortly.

[popper joe] 13/12/2017 22:57

Mylands, thanks for sharing. Are you able to show what changes have taken place since the proposed deal with Lads was announced?

[joeywald] 13/12/2017 19:33

mylands
Thanks for the update.

[trentendboy] 13/12/2017 17:55

I like your style mylands

[woodhawk] 13/12/2017 16:33

Are you sure you've quite got the hang of that abacus you're using, mylands? It's not upside down again is it?

[loganair] 13/12/2017 16:25

Fest - Many of the shares held by Institutions are held indirectly rather than directly. In other words they hold on behalf of others, usually PI's.

[festario] 13/12/2017 16:17

I wonder where the institutions are getting their supply from then?Can't be from PI's surely?

[popper joe] 13/12/2017 16:16

Mylands, I for one would appreciate a view of your compiled list of institutional holdings. I will save me from having to trawl through all of the RNS's. Thanks