Gvc Share Discussion Threads

[loganair] 09/12/2016 11:07

Fest - OK, I would reduce the minimum per number to 10p with a maximum of say 50p, with a maximum stake per spin of say £5.

[festario] 09/12/2016 10:58

Logan, it's 25p minimum per number, £13.75 maximum on a single number. Hence it prevents you from winning more than £500 on a single turn.

[loganair] 09/12/2016 10:56

Fest - I can see of no reason why for a relatively small about of money, less then £5 one can´t cover all the numbers on roulette if one is able to put say 10p on a number.

As I do not go into betting shops I do not know how much one has to put on a number.

[loganair] 09/12/2016 10:53

Professor David Nutt, of Imperial College London, said: ‘No one is going to get addicted from placing a bet on the Grand National once a year, "but on these machines you can place 50 bets an hour."

[festario] 09/12/2016 10:52

£100 limit can't happen, how is a punter supposed to win his money back?£2 per spin can't happen, you'll hardly cover any of your numbers on roulette.£10 to £20 a spin is reasonable, and it would probably have helped me with the addiction that I myself had to those machines, possibly saving me well over £150k

[whiskeyinthejar] 09/12/2016 10:34

Sorry, I should have said clamping down on them.

The push behind this is I think problems seen by MPs in their surgeries. Basically they are causing debt. So I think they will come down strongly.

[mylands] 09/12/2016 10:34

Fest

They are talking of reducing the maximum that can be spent on any one throw of the dice/spin of the wheel, from £100 down to £2!! Even if it turns out only to be limited to the industry predicted level of £10, that will result in a massive reduction in their profits.

[loganair] 09/12/2016 10:32

Fest - I hear vastly reducing the current £100 limit on the machines and only allowing 2 machines per shop which is going to hurt Ladbrokes/Coral the most as they have by far the most bricks and mortar outlets, around 50% more then Hills do.

[festario] 09/12/2016 10:28

They're not getting rid of them, there'll be some fudge by way of new limits, discretionary banning of 'problem' customers, grants for organisations that help with addicts etc.The Govt won't want to turn off this tax revenue fountain!In the meantime, it's time for any shorters to rush for the exits.There's one small door, and many racing for it, I hope Slippy doesn't get hurt in the crush.

[whiskeyinthejar] 09/12/2016 10:25

I think it's positive for gvc.

These machines have been getting the gambling industry a bad press, so getting rid of them is a good thing for companies like gvc who aren't reliant on them.

[mylands] 09/12/2016 10:15

You would have thought that funds that have an exposure to the secotor would be switching from LADB and WMH to the online companies and give us a boost!

[loganair] 09/12/2016 09:55

I am reading as they have so many bricks and mortar betting shops that Ladbrokes/Coral are going to be hit hard if the legislation on Fixed Betting Machines comes in as tough as they say it may, will completely wipe of their profits, won´t be good for Hills either, however will not effect GVC at all.

[mylands] 09/12/2016 09:09

Over a million just been traded in four deals at 625p. Perhaps this is the end of an overhang?

[shayadfn] 09/12/2016 06:44

looking to add more in the coming days, anyone have any idea on the trading update for the 4th qtr (normally in early Jan)

[garycook] 09/12/2016 02:29

Topped up.I am also long term, holding 7000 shares atm.Best stock in my Portfolio along with HGM.Mylands your posts do not go unnoticed,and 24121 was superb. Also I have the Troll filtered.

[diviincomesearch] 08/12/2016 19:04

Well I did say yesterday about why we were far better positioned compared to other firms with a strong U.K exposure due to an unfriendly regulatory environment!

Nice to see we were untroubled by it today with the betting machine issue

[mylands] 08/12/2016 17:17

Thanks Morph, simply stating the facts as I see them.

It would be good to see more longterm GVC holders saying the same thing, but then maybe I am hoping for too much!

[morph7] 08/12/2016 16:55

Good post mylands

[slipperysidewinder] 08/12/2016 16:17

Just goinh through some September posts predicting £10 here by Xmas.

Hmmmm enough said.

[srpactive] 08/12/2016 15:19

Desperate posts getting more regular.

[festario] 08/12/2016 15:03

Fizzy, don't worry Sir, as I always back up those comments with a purchase. I'm thinking that given the projected EPS and yields, GVC has simply found its new trading range, 600-700p. Seems about right.When Sir Kenneth next makes his next move, or results surprise to the upside, only then will we re-rate upwards.

[slipperysidewinder] 08/12/2016 14:19

Looks like golden years are over.

[slipperysidewinder] 08/12/2016 14:18

The chart showing a finish below 615 will probably fall to next resistance 525.

Ther is just no appetite for GVC.