Gvc Share Discussion Threads

[cheshiremoggie] 23/9/2016 15:01

So what I think we are saying is that the secret to wealth, health and happiness is holding a shedload of GVC shares?

Cant really argue with that!

CM.


PS I hear they also make you more attractive to women (women/men/other - delete as appropriate).

[festario] 23/9/2016 14:54

Not hard times for us..... just thinking about our fellow man, many of which I hear hold few, if any GVC shares!

[srpactive] 23/9/2016 14:52

Both

Not to be rude but you two talking of hard times when you
gvc shares are rocketing is a little much. Just buy gold
miners also and sit back, under your battened down hatches then,
lol.

regrads

active

[festario] 23/9/2016 14:25

Agreed Mylands, the packs of things in Poundland are going to get ever smaller, plus the cost of transporting them will be on the rise. Not only that, but the cost of customers getting to and from the shop too! Hard times ahead. (even harder?)In terms of GVC this week, we seem to have got stuck at 750p, because there will be funds now gorging themselves on these shares with a 750p target.... then, we can move up, and the whole process repeats itself.Small volume today, so watch out for a massive UT at 16.35 today, a huge transfer of shares around 750p. The usual hidden or 'off market' deal.

[mylands] 23/9/2016 14:14

Sterling on another lurch downward. Heading towards my year-end targets of $1.20/£ and 1.10Euro/£. Then wait and see what happens to the pound when we get the first signs that the Brexit negotiations are difficult/bad for the UK.

At some point the fall in Sterling is going to ramp up inflation. We are in the period when the benefit of the fall in value is reflected only in export orders being received, not the cost of imports at inflated prices.

Tough times ahead IMO.

[sogoesit] 23/9/2016 12:58

yes there are, brownie, I can name at least 2 others: RB. & RPC.
it's not unusual... to have stocks loved by anyone like this... ;-0

[woodhawk] 23/9/2016 12:52

You won't do it, Fester, because you know the one time you do - it won't happen! Happy trading!!

[brownie69] 23/9/2016 11:52

Its spooky how this retraces to the long term trend. Has any other stock had such a consistent rise over such a period of time?

[festario] 23/9/2016 10:07

Note to self; 'sell all your shares at 4.29pm everyday, and buy them back at 8.29am the next day'It's the depressingly obvious way to increase my holding by at least 1% a day. (and line the pockets of the brokers)

[gilotron] 22/9/2016 16:25

GVC Holdings
Results show upside/upgrade potential

BUY
Target price 825p | Publication price 754p

Interim results demonstrate that GVC is extracting more value from the Bwin acquisition than it previously expected and also that synergy benefits are ahead of schedule. We upgrade FY16 estimates to reflect this and over the medium term we can see the prospect of further ‘beats’ given exposure to growth markets and the cross-sell opportunity at Bwin. We raise out TP to 825p and even after the latest leap in the share price, the valuation is still attractive.

H1 16 results

· Sales +12% constant currency

· Acceleration in Q2

· Q3 starts strongly

· Bwin even better than expected

· Bwin synergies ahead of schedule

Investment case

· Exposure to high growth markets

· €125m Bwin synergy benefits

· Pure online play

· Grey market exposure has risks

· Valuation attractive

What market misses

· Cross-sell upside at Bwin

· Unregulated market benefits

· More growth/less competition

· Still upside risk to forecasts

· Dividend pay-out potential

Valuation

· EPS set to more than double FY18 vs FY16

· TP raised to 825p from 738p

· Strongly cash generative

· Growing dividend yield from FY17

Derivation of Price Target 825p


Year
Metric
Implied EV (£)
Implied mkt cap (£)
Implied valuation




Gaming sector EV/EBITDA
FY17
10.4x
2346
2316
Gaming sector P/E
FY17
16.7x

2576
Yield
FY17
3.0%

2093
DCF (WACC 10%)



2647





Average Market Cap (£)



2408
FD number of shares



292





Target price (pence)



825p


Source: Liberum

Summary Financials & Valuation (€m)

FY - December year end

Valuation (FY)
15A
16E
17E
18E
P/E (x)
n.a.
26.0
14.3
11.8
Div Yield (%)
n.a.
0.0
2.9
3.6
EV/Sales (x)
3.2
3.2
3.0
2.6
EV/EBITDA (x)
15.8
13.2
9.9
8.0
EV/EBIT (x)
28.5
16.3
11.8
9.4
FCF Yield (%)
4.7
2.9
7.3
10.1
Price / book (x)
4.1
2.0
2.0
1.9


Financials (FY)
15A
16E
17E
18E
Sales
810
845
880
949
EBITDA
163
205
262
308
EBIT
90.5
166
220
263
EBIT margin (%)
11.2
19.7
24.9
0.0
Net Interest
-3.9
-50.8
-8.4
-3.1
PBT
86.6
116
211
260
FD EPS (c)
n/a
33.7
61.4
74.1
DPS (c)
n/a
0.0
25.0
32.0

[srpactive] 22/9/2016 13:06

Well I only bought some at 79p, actually after I had bought
some around 90p, but like you bought more along the way.

This goes down as a good investment along with ezj, rtd and
itv to name a few. More recently the gold miners.

dyor

regards

active

[festario] 22/9/2016 12:05

Ahh, I can't match that SRP, I'm a relative late comer to this party at 96p. But to be honest, I added many more times through the 120's, 240's etc.I even bought more in the last 3 weeks. Good 'ere innit?

[srpactive] 22/9/2016 11:01

Festario

It might be the lowest of the day, but we got in at 79p, the lowest ever,
get us.

dyor

[festario] 22/9/2016 10:23

Trouble is, it's you who are predictable WH, no doubt your 'buy order' will mysteriously be the very lowest that anyone paid all day.Either refrain from lying, or refrain from boring us with your trades, because no one is interested anyway.ON TOPIC .... a huge 926k shares declared just now, bang on 750p.

[woodhawk] 22/9/2016 10:10

I wish the share price was as predictable as you Festario! Stop whingeing and grow up, man! Anyway, I've got my first buy order in, so I'm off for the rest of the day... happy trading!

[woodhawk] 22/9/2016 09:46

I was aiming for 770p - so 779p exceeded my expectations - although I must say I found the presentation very strong - as K.A. intimated there is clearly a lot more to come that isn't in the price, imo. In any event the further this pulls back, the more I shall be buying - thanks to some profit taking in HSBC which has done me proud recently, and here, I'm well endowed - and can't think of a better place than GVC... when the price is right.

[mylands] 22/9/2016 09:38

Woodhawk

You did well to sell at 779p, though I had a target of 800p to sell the few thousand I bought at 706p on a T20 in the last week of August, thinking the inclusion in the 250 and the Interims would push them up to 800p. Nearly got there, but not quite!

I've now paid for them and will hold.

[woodhawk] 22/9/2016 09:14

Agreed mylands. A bit more pain, perhaps, then onwards and upwards again. Hoping for a re-entry below 740p, circa 5% below my sale price yesterday. Still, its only pennies to the likes of Festario!

[mylands] 22/9/2016 08:48

active

Yes off topic, but I have to say the LAM headline reads pretty bleakly, yet the stock rises by 10%. So I presume it's not as bad as the chart over the past few months has been forecasting?

Back on topic, what goes up must come down, especially after the stellar rise following the interims. Pause for breath then head on upwards towards my personal target of £10 in the next twelve months.

[srpactive] 22/9/2016 08:37

Morning all

For all that like risky recovery situations, I mentioned lam
the other week, results just out, I have been buying very high risk though.

dyor

regards

active ( apologises for off topic )

[woodhawk] 21/9/2016 22:52

Yes, I am quite witty, Festario. I'm also very good at calling temporary tops, though not quite as good at bottoms (I usually get over excited and shoot my wad a tad too soon). Happy trading!!

[mylands] 21/9/2016 22:35

Woodhawk

719p, yes a strange price, could be a late posting, corrected trade, or might even be a typo error by a trader, who knows?

[festario] 21/9/2016 22:24

Woodhawk, you're hilarious, you really are.

[woodhawk] 21/9/2016 22:00

LOL. No chance mcp01. I did sell some today at 779p so would welcome a minor correction... but I will be reinvesting imminently I'm sure. In fact the DJIA is up over 100 points since our close, so tomorrow may be interesting.In any event, I'm sure the share price won't go anywhere near 700p let alone below 600p!! Your own self-confessed track record here doesn't really recommend your judgement, does it? Didn't you think to average down at the lows? Still, if you think its going to retrace big time, you could sell up now and save yourself more years' pain, couldn't you?