Ladbrokes Coral Share Discussion Threads

[nod] 23/3/2018 19:18

That's a good question. Clearly the government has far more pressing things on its plate than games. It could be another six months, or more.

[trentendboy] 21/3/2018 20:02

But when will government make the final decision

[loganair] 21/3/2018 12:39

pete - I understand the average is between £9 and £10 per spin which to me still seems a lot of money considering one is able to spin 3 times per minute.

[pete123456] 21/3/2018 12:34

Does' anyone know what the average amount per spin is ?
Not all are playing fobt at £100 a go.

[littleweed1] 19/3/2018 17:29

The table below sets out the value of each CVR based on various different levels of maximum stake as prescribed by any Possible Triennial Measures and has been agreed between Ladbrokes Coral and GVC. This table assumes that no Possible Triennial Measures are enacted other than in relation to maximum stakes.


Maximum GBP2 GBP5 GBP10 GBP20 GBP30 GBP40 GBP50
Stake (Hard
cap)
-------------- ----- ------ ------ ------ ------ ------ ----------
Value per
CVR 0.0p 13.4p 13.4p 30.3p 40.4p 40.5p 42.8p
-------------- ----- ------ ------ ------ ------ ------ ----------

To the extent that any enacted Possible Triennial Measures provide for maximum stakes which are between any of the figures set out in the table above, the value of the CVR per Ladbr

[woozle1] 19/3/2018 17:03

So the formula is
0.141 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

[pete123456] 19/3/2018 15:45

What's the gvc offer worth now ?

[coxsmn] 23/1/2018 19:39

Today's Telegraph,"THE gambling industry was forced to dismiss as "rumour" reports that the Government was in favour of slashing stakes on controversial betting terminals to £2 after hundreds of millions of pounds were wiped off listed bookmakers' values.The Government launched a 12-week consultation in October to gather evidence to help it decide what level stakes on the machines should be. The consultation period ends today and a decision is not expected until May at the earliest."

[trentendboy] 03/1/2018 20:17

With the GVC upgrade from a Broker people are looking ahead to this as a cheap way to buy GVC shares.

Got to try to work out the numbers.

[trentendboy] 01/1/2018 19:40

Down the back of the sofa or perhaps from a bank

[slogsweep] 22/12/2017 12:11

Where is GVC going to get the money from?

[mamcw] 08/12/2017 09:29

The table below sets out the value of each CVR based on various different levels of maximum stake as prescribed by any Possible Triennial Measures and has been agreed between Ladbrokes Coral and GVC. This table assumes that no Possible Triennial Measures are enacted other than in relation to maximum stakes.


Maximum GBP2 GBP5 GBP10 GBP20 GBP30 GBP40 GBP50
Stake (Hard
cap)
-------------- ----- ------ ------ ------ ------ ------ ----------
Value per
CVR 0.0p 13.4p 13.4p 30.3p 40.4p 40.5p 42.8p
-------------- ----- ------ ------ ------ ------ ------ ----------

To the extent that any enacted Possible Triennial Measures provide for maximum stakes which are between any of the figures set out in the table above, the value of the CVR per Ladbrokes Coral share would be determined by linearly interpolating the relevant numbers.

[dtaliadoros] 08/12/2017 09:08

Or is the price as good as it gets for now?

[dtaliadoros] 08/12/2017 08:38

So at this price....can someone tell me what limit the market is expeating to be set on FOBT. If it's set at high end 50....can we expect a further premium on current share price?

[woozle1] 07/12/2017 20:09

This is much better than teaming up with 888.
w1

[mamcw] 07/12/2017 13:09

Looks like a done done, although market appears to be putting v little value on the contingent value right.

[loganair] 07/12/2017 09:26

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.

[srpactive] 07/12/2017 09:15

TEB

The deal struck must be a good one, which I trust
our KA with, I will vote it through, although the
price will be based on FOBT outcome.

[trentendboy] 07/12/2017 08:42

Impressive lack of posts given a 25% rise in share price

I have held all along but am underwater on my LADS shares still.

Getting some shares in a new GVC run company has to be good news (although I have a shed load of them already)

[srpactive] 13/11/2017 13:43

TEB

.

[trentendboy] 07/11/2017 11:16

Decent recovery - hard to see GVC offering much more though - £1.50 would be pushing it although it all depends on the FOBT ruling

[mamcw] 07/11/2017 09:07

The high volumes of shares traded, together with greater clarity towards FOBT, would seem to put LAD back in play, with GVC clearly the favourite suitor.

[loganair] 03/11/2017 12:55

Sep - The (somehow) is because Turkey is operated via the 'Grey' market. Selling off GVC's Turkish business means now their operations are 75% in 'Regulated' markets.