Gvc Share Discussion Threads

[srpactive] 03/8/2016 13:07

The US will be open soon enough, if that did happen I think
1500p would look cheap. Another takeover, well gvc will be
snapping up every competitor going. World number one, domination
for our Kenny, Richard and co.

[cheshiremoggie] 03/8/2016 12:21

Srp - love your optimism but let's see the share price at 700p first!A ftse100 listing has to be odds on in the next 5 years I would have thought. (I have staked my bets accordingly)...

[loganair] 03/8/2016 12:13

srp - In my good opinion for that to happen either GVC will need another take-over or the opening of the market in the States.

[srpactive] 03/8/2016 11:57

I will forgive you, anyway my new three year target is
1500p and a ftse 100 listing....... I can feel another
mylands senior moment coming my way.

[mylands] 03/8/2016 11:44

Srp

Did I? Senior moment me thinks!

[ecoover] 03/8/2016 11:15

Any link .

[srpactive] 03/8/2016 10:53

There you are my friend mylands, Cenkos now stating price
target of 1030p, you used to tell me off when I mentioned
1000p.

regards

active

[mylands] 03/8/2016 10:51

Now that's what I like to see over 1000p as a target.

[nfs] 03/8/2016 10:48

Today's Times-in a special section within the market report sectionCenkos described the refinancing as stunning. It will save euros 43.3m per yearFair value target £10.30p

[mylands] 03/8/2016 10:26

Approaching 700p.

[andyj56] 03/8/2016 10:12

Very nice!

[festario] 03/8/2016 09:54

Surely the next round of profit taking at 680p?Who can blame them, I did the same with WMH.Let's hope we maintain this range until we enter the top 250, and then move on again.

[mylands] 03/8/2016 09:28

No, this week's!!

The 670's didn't last long.

[srpactive] 03/8/2016 09:14

ua

It that this months target?

[uncle andy] 03/8/2016 09:01

Liberum Capital have just initiated coverage on GVC

738p price target

[mylands] 03/8/2016 08:55

timanglin

Agree with what you say, and as we all have come to know, Kenny EXCEEDS expectations with monotonous regularity!

[scottishfield] 03/8/2016 08:23

I'm sure that whatever GVC decide regarding the divi, it be good for the shareholders. It usually is imo.

[timanglin] 03/8/2016 08:16

Thanks Mylands for the reply, the 'maybe 64 eurocent' calculation, shows that there is cash available in 2017, in a steady state environment, to pay a dividend. Kenny tries to exceed expectations and I always thought the sector average statement was there as a baseline to exceed. What is exciting is that GVC revenues appear to be in an upwardly increasing trajectory from the last few rns' and the 'maybe 64 eurocent' calculation does not take this into account, nor does it take into account any synergy savings that have been predicted. So yes, Gvc continues to be a cash generator and I think a dividend in 2017 is likely at this stage, and hopeful that it maybe above the sector average. IMHO.

[mylands] 03/8/2016 07:44

Morning everyone. Will yesterday's upward momemtum continue today?

Timanglin

You shouldn't forget that Kenny at the time of the BPTY takeover said, and I forget his exact words, that future dividends would reflect the sector average. I took that to mean that the bonanza dividends of the past would not carry on when the dividend was reinstated. Let's hope you are correct with your 64 cents a share and I am wrong!

Any press comment?

Hills back to 300p, looks like the Rank/888 'approach' has gone down like a lead balloon in the market.

[timanglin] 02/8/2016 22:18

From the rns final results, net debt at 17/4 was 193m. From this rns net debt was 154m at 24/7. 14 weeks a reduction of 39m. There has been an average conceptual reduction of debt of 2.785m a week over these 14 weeks or projecting out to a year...approx. 144m a year. If there are 291980780 shares then this equates to an average over this period(14 weeks) of a yearly conceptual reduction of debt of about 49 euro cents a share. However the trajectory of revenues is upwards, so average conceptual reduction of debt should be trending at a faster velocity to reduce debt, at this stage at an unknown increase and in 2017 interest rates on the loan will be reduced, meaning more cash available. The reason for the calculation is to start getting an idea of the possible dividend payments in 2017. Fwiw, there is an argument to project that cash generation in 2017, in a steady state scenario(not taking into account the upward trajectory of revenues) and with the improvement of the finance arrangements,is maybe more than 64 euro cents a share over the year. DYOR. IMHO. Please correct my calculations, however the statements of net debt reduction come from the RNSs.

[cheshiremoggie] 02/8/2016 16:41

Srp - I hope you are right!However for those of us(like you) who have been long term holders a month or two difference in the restart of dividends isn't terribly important. We are all doing very nicely out of gvc.Long May that continue.CM

[loganair] 02/8/2016 16:22

Jane Anscombe, analyst at Edison Investment Research, said: "GVC's refinancing is a very positive surprise, coming just a day after its move to a premium listing.

"Nomura's two per cent interest rate compares with 12.5 per cent being paid on the Cerberus loan, a big vote of confidence in GVC's progress integrating its transformational Bwin acquisition."

[srpactive] 02/8/2016 16:09

cm / mylands, now I am in trouble.

Okay, if I am wrong, I am wrong, but have just seen a
bloke in a red suit with a large bag with gvc dividends popping
out of it, zooming across the sky.

regards

active

[mylands] 02/8/2016 16:08

srp

You are wrong about the loan being cleared by the end of October. Here are the loan details taken from GVC's website

Details of the Nomura Loan:
Amount committed: €250,000,000
Initial interest rate: 2% above Euribor
Euribor floor: 0.0%
Extension period: 6 or 12 months after the initial maturity date
Anticipated date of funds draw-down: on or around 1 February 2017
Initial maturity date: One year from the signing date of the loan agreement

As you can see the loan drawdown does not take place until 1st Feb 2017, the date of the anniversary of the Cerberus Loan and the earliest it can be repaid without penalty.