Ladbrokes Share Discussion Threads

[mamcw] 24/12/2015 09:30

This is beginning to shape up nicely under the new management team.

[lauders] 12/12/2015 01:15

They can buy a little bit cheaper now capercaillie!

[capercaillie] 10/12/2015 19:23

Always encouraging to see Directors buying at full price.

[pilkington] 10/12/2015 08:47

Directors buying

John Kelly (Chairman) 30,000 116.02
Mark Pain (Non-Exec) 50,000 116.27

[sportbilly1976] 26/11/2015 11:53

Gap filled :)



roll on 130p now

[gipps] 25/11/2015 16:38

A big trade after hours ?

[battlebus2] 22/11/2015 11:31

Should slowly recover back to 130 imv..dyor etc..

[cockneyrebel] 20/11/2015 12:06

Up on a couple of chunky buys today.

Testing the recent highs again.

CR

[sportbilly1976] 19/11/2015 11:40

"....However, this may just act as a catalyst to encourage others to throw their
hats into the ring, and from this perspective shareholders might just thank Mr
Desmond."

that's what quite a few will be hoping, especially given LAD's share price performance since the merger was announced

[cockneyrebel] 19/11/2015 10:33

Peel Hunt yesterday:

"Mr Desmond highlights some valid concerns with the deal. Is it a
deal made in heaven? No. But, if the CMA is not too onerous, then we believe
there is good upside from here. Indeed, our Buy recommendation is based on the
view that upside presented from either Plan A (merger with Corals) or Plan B
(organic recovery) is greater than the downside. At this stage Mr Desmond hasn’t
really come up with much of a Plan C, other than appointing an independent
investment bank to review options – how many strategic reviews does Ladbrokes
need? However, this may just act as a catalyst to encourage others to throw their
hats into the ring, and from this perspective shareholders might just thank Mr
Desmond."

[oneillshaun] 19/11/2015 09:35

Ladbrokes plc
19 November 2015

PROPOSED MERGER UPDATE

The Board of Ladbrokes ("Board") notes the publication of a letter sent by Mr Dermot Desmond on the evening of the 17 November 2015 on Ladbrokes proposed merger with the Coral Group.

The Board further notes it has had significant dealings with Mr Desmond as both a shareholder and a commercial partner over recent times including the Ladbrokes acquisition of Betdaq and Chronicle Bookmakers.

In the Circular dated 30 October 2015, the Board set out the compelling strategic rationale and benefits of the proposed merger with the Coral Group. These included:

· The potential to deliver faster online growth
· The creation of the UK's largest LBO estate
· The creation of an extensive international portfolio of regulated businesses
· The delivery of significant cost synergies underpinning shareholder returns
· The ability to operate across an enhanced and integrated technology platform

The Directors reiterate their recommendation to shareholders to vote in favour of the Resolutions to be proposed at the General Meeting to be held on 24 November 2015.

As was set out in the Circular, Resolutions 3 and 4 being proposed at the General Meeting require the approval of independent Ladbrokes Shareholders. Ladbrokes wishes to clarify that Playtech is not considered to be an independent Ladbrokes Shareholder and so any votes cast by Playtech will not be counted in respect of these two resolutions.

The Board remains confident that shareholders will see the attraction of the proposed merger and continues to work towards a successful conclusion to the proposed transaction.

[cockneyrebel] 19/11/2015 08:14

Cheers MDI - Peel Hunt had a buy note out yesterday on an end to the Corals merger and break up too.



CR

[gipps] 18/11/2015 18:05

Some chunky buys today

[oneillshaun] 18/11/2015 15:51

Is the situation with Coral way past a new bidder coming to the table?

[sportbilly1976] 18/11/2015 14:31

From the yahoo link, this could be interesting if things do go this way...

Nick Batram, an analyst at Peel Hunt, said Mr Desmond’s intervention could encourage a bidder for Ladbrokes.
“It (Other OTC: ITGL - news) is contradictory in places and doesn’t really put forward much of an alternative plan, other than putting the group up for sale,” the analyst said of the letter. “However, it could just act as a catalyst to encourage others to join the fray, and a competitive situation should be good news for shareholders.”

[edmondj] 18/11/2015 14:09

hxxp://saynotocoral.com/Letter%20to%20Ladbrokes%20Shareholders%20on%20Coral%20Merger.pdf

[oneillshaun] 18/11/2015 14:00

don't worry i found it on another site, seem the telegraph has picked it up as well which in turn feeds Yahoo:

[oneillshaun] 18/11/2015 13:35

Can you post the article i don't subscribe.

[mdi] 18/11/2015 12:38

Dermot Desmond launches scathing attack on Coral merger

[mdi] 18/11/2015 08:13

No it seems to have been produced by a Mr Desmond who I think owns nearly 3% and is connected to others who also have substantial shareholdings in Ladbrokes

[oneillshaun] 18/11/2015 07:26

MDI - Did you produce this? the problem is the retail shareholder will not have a voice in this between the funds/banks/PLaytech ect no real need for a vote.