Gvc Share Discussion Threads

[slipperysidewinder] 16/11/2016 20:12

And while your at it, use some of that mega money your earning by looking at the graph on buying unlimited internet.

It msy help!

[velod] 16/11/2016 19:49

Thanks Sogoesit. Struggling to get back on the uptrend? Yes agreed, it certainly is. Was expecting the first down day tomorrow, Thurs, after making today the third positive day. But the market is the market. Only 2 days of positive closing before succumbing to a small fall just below a resistance level tonight. Hope it isn't in the mood to drop further as it's a fair bit down to the next safety net (631p's).

. . . Defo don't like it closing a few pence below the current resistance level. 643p would have been just dandy for a breather. It was okay until lunchtime where it lost it's footing right through the afternoon until close.

. . . Oversold? No, but it has annoyingly taken a small step back towards that oversold ledge. Bit uncomfortable with that, as every other oversold for the past couple of years on GVC resulted in the share price rising swiftly away after exiting oversold. It's exited, but just hanging around nearby. Hmmmm.

. . . 570p is the 200ma? Curious, I get the 200ma at 604p tonight. Oh well.

. . . Home internet down, new router in post, so off before the phone's own data expires on me.

[ballychan] 16/11/2016 17:22

Sogoesit, which charting software are you using? Tia

[sogoesit] 16/11/2016 16:23

Still struggling to get back to the uptrend... oversold?
Let's hope not going back to 200d MA (about 570p):

[slipperysidewinder] 16/11/2016 16:10

DownDownDownWONGA lmao

[scottishfield] 16/11/2016 16:09

Nibbling here to add to mine

[sogoesit] 16/11/2016 16:01

Great writing, velod!

[festario] 16/11/2016 16:00

No posts today?Well, the leisure sector is off just over 1.2% today, taking us and most bookies with it.

[velod] 15/11/2016 20:34

TUESDAY - SUMMARY . . . . . . . . . . . . . . A day where the bears FAILED more than the bulls succeeded. Good enough! But succeed the bulls did! Quietly, firmly, determinedly enough to “win” the day with quiet authority.

. . . The day closed positively with the share price higher than it opened. Always the best way to finish the day, no matter the small handful of pence higher! And just above the resistance level that it failed to leave behind yesterday! Another plus. It also cleared a tad slightly higher away from oversold classification to build on yesterday’s daylight clear rise away from trouble.

. . . There was never any doubt of flirting below the previous day’s close upon opening for trade and pleasingly, broke straight through the next target resistance level of just over 650p’s to play in the mid 655p-ish.

. . . By lunchtime the share price had been knawed at the ankles by the bears so that it was restrained and forced to sit on the resistance level, more or less at 650pish until just before 1pm whereupon the best show the bears could offer, forced the bulls to retrace but not retreat - to 643pish by just after 1pm.

. . . The bulls had had enough and broke from the pen in strength and routed the bears from then until mid afternoonish reaching as high as 649p-ish. All the bears could do in response was small knawing bites that could only drive the share price back down to 643/644p by close, but with the bulls fighting back strongly all the way to close in the final half hour. In the tidying up aftermath lo’ the share price settled for the day at 645.5p - clear and a little above the resistance level and bodes well for continuation.

. . Not a showy-off day by the bulls (EDIT: Not unless you include that prison camp POW Steve McQueen-like motorcycle jump escape attempt, only to crash entangled in the barbed wire fence of the next resistance level of 651p-ish.Cue the Great Escape theme tune here :) but clearly the heavy duty bears are done and gone. Not a big day for volume. At 4:30pm it looked dismal at 0.9M but after hours it nudged up to match yesterday’s below average volume at 1.1M.

. . . If any shorters are still active then a low volume day is a godsend and the most cost effective, easiest way, to make their presence felt. If they were at work on the share price today then it was a big fail for them. Personally I will be pleased and more relaxed when the share price comfortably trades within the 700 range. Don’t even agree with the IC’s 690p forecast. I’m siding with the brokers who appear to be coalescing around 760p as a fair price. It fits my cognitive biased price anchoring psyche; which is anything that starts with a 7 : ) : )

. . . Then I can relax and concentrate more on the rest of my portfolio where I am not so overweight in any one stock.

. . . I’m more and more convinced the big bear attack is washed-up, and it’s just a case of “normal” market conditions allowed to flourish and enable the true value share price range of fluctuations.

[jfishy55] 15/11/2016 15:29

ballychan, good point re the number of shares in issue. The additional number of shares was 11,420,000 giving a total of 303,721,563 shares in issue. It gives a yield of a touch under 3.2% at a share price of 628.
Any calculations for FCF for FY2017 will need to take into account any more shares to be issued under the LTIP & other bonus schemes.

brownie69, how did you work out FCF for FY18 to get a dividend of 35p? I still want to get a more accurate projected FCF for FY17 to calculate the yield, can you apply your numbers to next year?

[velod] 15/11/2016 13:52

Too early to call Ballychan. Only if it CLOSES below yesterday's resistance level of just over very low 640p's area. Monday it had seven league boots on and in one stride cleared 2 resistance levels. Impressive only for it to slip marginally just after 4:30pm slipping back to get caught on the barbed wire of the lower end 640p's.

. . . So far today it neatly Fosbury flopped over yet another resistance level (650p's and traded between 2 camps). If it closes 642p-ish it still shouldn't be judged too harshly as it means the bears are struggling to drag it below the resistance point it started out the day from. Would be surprised if it seven leagued it again even though I posted of maybe hoping for just that (Irish jig post). It's getting caught on resistance points but that's the job of resistance points. Pity the support points didn't do likewise and make more of an effort on the way down eh? - The lazy beggars! :)

. . . Volume is important here. See what volume is by day's end and that might colour the picture more clearly.

[trentendboy] 15/11/2016 13:13

GVC relevant

hxxps://www.gamblinginsider.com/news/2651/brazilian-gambling-bill-approved-by-senate-committee

[ballychan] 15/11/2016 13:10

Not another bull trap

[timanglin] 15/11/2016 12:50

GVC has always been generous with dividends, in 2017 there are 3 drivers for dividends: integration and growth, debt reduction, synergy savings. Anyway, it will be interesting. dyor, imho.

[sogoesit] 15/11/2016 11:08

Nice comment diviincomeresearch...

I am holding this in the expectation that the herd will produce a cow of the cash-cow variety as it did in times of yore.
Am I misguided?
Certainly, to do that, I wouldn't want to see it get involved in any more M&A activity. Or least not for the time being.

[big7ime] 15/11/2016 09:50

Slipp loses again, happens to the nicest people ;)

[velod] 15/11/2016 09:01

Well, off to a cracking start at this early hour. Already significantly showing a 2%+ increase within the first hour. (Gasp!) Pleasing to see it sitting nicely above the low 650p's as I post and thus disposing of a potentially bogged-down area. That 'Irish Jig' number looking not too far fetched a target now. It can jiggle up and down all it likes today but close by end of day, clear of low 660p's and I will be one happy bunny.

[gilotron] 15/11/2016 08:57

Congrats to those who caught the knife!

[velod] 14/11/2016 22:47

Was certain when I looked in this morning's initial trading hours (Monday) that volume was beginning to build fast and looked like being on the high side for the day as the share price climbed. Just checked. I was wrong. Overall volume at day's end was low at only 1.1m compared to typical average volumes - although that's only about 20% down on the long term 200day ma volume - it's seriously low (about half) when compared to the more recent 50 day ma volumes.

. . . Whilst it's been pleasing to see a great day for share price recovery, something niggled on a day of exceptional share price rise that additionally ended on a day of low volume. The textbook explanation sums it up best -

. . . "A stock moving up or down on low volume is usually a warning sign: proceed with caution. It may mean a move you cannot trust: market uncertainty, manipulation or a thinly traded, volatile stock that is generally riskier to trade than high-volume stocks". . .

. . . Hmmm that word in the middle - "manipulation". Not quite sure what to think now going into Tuesday - or is it just a case of suffering from analysis paralysis?

[diviincomesearch] 14/11/2016 22:10

Important to bear in mind the wider market volatility currently. Amazing to see the trends within sectors. Financials suddenly rocketing on the basis of speculation on the republican government.Tech stocks struggling. GVC as part of the more 'safe' gambling sector, i think is simply part of a bulk, herd like sell off into cyclicals.

At some point sanity will prevail and this will speed upwards, once the integration is sorted. Another minor thought, didnt we have some option to purchase part of a Norwegian business a while back?

Can we also keep things civil when those who have less bullish opinions of the stock come on here? That moron slippy aside, I don't think we should be jumping on people for even daring to doubt the company. I'm always interested in counter opinions in stocks and their arguments, to see how we tally up. I don't want this to become a mindless ramping stock BB, like so many pump and dump commodity juniors that have been and gone, as there are a lot of posters on here with excellent and constructive analysis.

[velod] 14/11/2016 20:28

I'm convinced December is the month the share price will really impress in comparison to October/November (based on historical seasonal cyclicals).

. . . With that in mind, today's completely unopposed, almost vertical-like take-off of the share price for the first couple of hours after opening makes me wonder whether it was more some of the shorters closing than straightforward market sentiment. Should the share price close above 660p's resistance levels tomorrow, then I'd be prepared to offer that, that's it for the shorters - and crisis over.

. . . Not saying it will close above 660p tomorrow but will be convinced the war is over, by confirmation, if it does close above 660p's resistance levels.

. . . However, having said that though, that's my dance-an-Irish-jig share price number, for Tuesday.
:) :) :)

[ballychan] 14/11/2016 20:18

Jfishy, I appreciate you used the rns figure for number of shares (292m), but they surprisingly issued that rns before the new shares were admitted. New figure is ~304m shares

[brownie69] 14/11/2016 19:02

No way GVC should get involved with Amaya. Lots of issues in that company which range from;
The ex CEO who is under an insider trading probe. More chance of him ending up in jail than being able to get a deal completed. TBH i cant imagine who in their right mind would fund him with that outstanding. But hey ho all part of the Amaya circus!

An Italian tax investigation for 300m EUR.

Kentucky have an $800m fine outstanding from Amaya which has not been settled.