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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 |
| Top Posts |
|---|
Posted at 07/12/2017 09:26 by loganair GVC, would pay cash and shares under the takeover which would see Ladbrokes Coral investors own 46.5% of the combined group.Ladbrokes Coral would receive 32.7p in cash and 0.141 ordinary GVC shares for each Ladbrokes Coral share. It would also get a potential further value of up to 42.8p, depending on the outcome of the UK government’s Triennial Review into fixed-odds betting terminals (FOTBS) and its impact on profits. GVC expects the deal to boost earnings from its first full year after completion, even if the Government decides on the biggest possible curbs on gaming machines. Greg Johnson, an analyst at Shore Capital, said: "We see significant merits in the tie up notably from cost synergies, a more diverse geographic footprint and reduces the risk around UK regulation and machines in particular. "Against this it does bring in some geographic risk in GVC notably around Germany following the exit from Turkey, whilst the cash elements, we estimate worth £600m and £800m (max for the triennial review element), are more the comfortable from the existing balance sheet and future cash generation." Under UK regulation, GVC is required, by not later than 5pm on 4 January next year, to either announces its firm intention to make an offer for Ladbrokes Coral or to announce that it does not intend to do so. |
Posted at 07/8/2017 11:53 by nod W1,I agree with your sentiment hence I have stayed out of SCH despite obviously good prospects as the payment processor.Sagi now only holds approx 6.5% of PTEC having cashed up over the past two years. I feel better for that and think the company is now much more attractive to institutional investors and potentially overseas buyer, with weak Sterling and cheap market cap. |
Posted at 25/1/2017 09:25 by bookbroker I just do not understand investors, I'd have thought this FOBT issue might have been discounted, these put out a good report and the market screws it, even if people are strapped they will still seek to make a buck, having said that I do think that there are too many betting shops, and LCL is doing more through multichannel, they should have a good look at their estate and rationalise the store chain, no good when three betting shops next door to one another! |
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