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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ladbrokes Coral | LCL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 173.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 173.50 | 173.50 |
| Top Posts |
|---|
Posted at 19/3/2018 17:03 by woozle1 So the formula is0.141 of GVC (912 at the time of the offer)= 128p + 32.7 cash + 40.4 CVR (which the value of the payout at £30) That would imply that LCL shares are worth £2.01 per share. Reading the statement from the GC, £30 is the upper limit of the range, leaving the Govt with the choice as to go much lower (to £2) and which is what the market thinks will be the case. See below. With out any CVR, share are worth 162.7 and LCL currently trading at 177, implying the CVRs are worth around 15p, which implies a max stake of between £10-£20. Who the hell knows what this govt.? will do. The Treasury will want £30 but who knows what the Mail want! w1 |
Posted at 03/11/2017 09:09 by septimus quaid In today’s, hard copy, Telegraph (and I’m paraphrasing):Yesterday’s spike due to speculation about a possible takeover. GVC has recently sold off a Turkish business which (somehow) may have oiled the wheels for a LCL bid. |
Posted at 24/9/2017 10:47 by septimus quaid There was an article in one of the heavies yesterday (Times or Telegraph, can't remember) where LCL were featured on a list of possible takeover targets (GVC). |
Posted at 08/9/2017 06:21 by septimus quaid For a steady away dividend payer, the share price has been up and down all over the place (based on a quick look on HL: for year ending 31/12/2016, present yield 2.60%, with a (very solid) cover of 2.2 and more promised next year).Hopefully things will settle down now into a more positive uptrend. |
Posted at 01/9/2017 17:27 by septimus quaid From yesterday's interims:"The Board today announces a proposed interim dividend of 2.0 pence per share (2016: 1.0 pence per share). The dividend will be payable on 9 November 2017 to shareholders on the register on 22 September 2017." |
Posted at 01/9/2017 15:38 by septimus quaid Headline in today's Telegraph business section (hard copy):"Ladbrokes Coral hikes dividend as increased cost savings emerge" Also mentions GVC sniffing around with a possible takeover bid. Merryweather beating McGregor has played into their hands. Nothing to do with that article but there seems to be a desire in some quarters to turn the betting industry into some form of Social Services offshoot (referred to elsewhere in the same paper, "record fine for 888"). Finding the Telegraph business section quite a good read st the mo. |
Posted at 18/8/2017 08:01 by adamb1978 There was a small snippet in Shares mag this week about the impact on profits from potential FOBT legislation. THey put the impact on profits at 50% at LCL(?). I assume this is 50% of profits from FOBTs, rather than 50% of overall profits - does anyone know the contribution which FOBT make to LCL's financials, either in terms of turnover or profit? Extract below.Thanks Adam RESEARCH FROM CREDIT Suisse suggests there is an increased chance the Government will slash the maximum stake for fixed odds betting terminals from £100 to £2 in a review later this year. This could mean a big hit to profitability at bookmakers William Hill (WMH) and Ladbrokes Coral (LCL). The investment bank quantifies this as a 40% hit to profits at William Hill and 50% at Ladbrokes Coral. |
Posted at 07/8/2017 02:27 by nod Hi w1,I'm not a LCL holder but watching for a turnaround. I am a PTEC holder, which is a significantly safer investment imho. I held LAD many years ago and kept them on my radar for many years after I sold. There is the ongoing threat of regulation / tax changes and bad publicity around FOBTs. The bad publicity and lobbying look set to continue even if changes DO take place this year. FOBTs have such high visibility and seem to be the whipping boy for the declining appearance of UK High Streets and shop closures. PTEC is little affected by this, as FOBT is just one product and they will always exist in some form. I've never understood the idea that lowering the maximum bet will change the behaviour of the punter. He will just get to play for a lot longer. |
Posted at 06/8/2017 07:01 by woozle1 Hi Nod,Funny how we end up on similar pages. This is one of my other chunky positions. There's so much scope for self help in LCL as the previous Ladbroke's management was rubbish and there's also big opportunity in online. One big advantage LCL have over pure online operators is the ability to cash out in the shops. Getting money out of online only has been problematic. The upgrade on the cost cuts is not surprising as the Coral team who are now running the show ran Coral for a buy out company and know about cash! w1 |
Posted at 23/7/2017 16:09 by septimus quaid Presume Friday's tick up was to do with LCL settling its differences with the Racing Partnership over media rights to show horse racing in their bookies shops? |
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