Ladbrokes Coral Share Discussion Threads

[nod] 09/8/2017 23:07

The FOBT review is not expected to be published before October.What would be the outcome if the maximum stake on FOBTs was reduced to say £5 ?Players would theoretically spend a lot more time on each FOBT.Demand for gaming machines may exceed availability.Queues may form.To meet demand the bookies would introduce more machines in the shops where player demand was not being met.As the Luddites like to use theoretical maximums a reduction from £100 to £5 would theoretically require 20 times as many FOBTs to meet current player demand.In reality the figure will be much lower than this and related to the average level of betting rather than the maximum bet permissible.In any case, a significant reduction in the maximum bet will likely result in more FOBTs.

[nod] 07/8/2017 11:53

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.

[woozle1] 07/8/2017 08:34

I like GVC, who have a good track record with acquisitions and returning excess cash to shareholders. Not so keen on companies run by Israelis as - from experience - they tend to run the businesses in their interests (which tends to include the management as well). In fact, companies with large outside foreign shareholders are a red flag for me; even though the LSE have tightened up on the rules.
W1

[nod] 07/8/2017 02:27

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.

[woozle1] 06/8/2017 09:02

At least you can't link FOBTs to your bank account; unlike online gaambling.

[woozle1] 06/8/2017 07:18

The problem with fobts is that clamping down on stakes will simply push addicts online. At least the govt gets the tax revenue and what it should do is use some of it help with addiction treatment. Addicts will always find away.
w1

[woozle1] 06/8/2017 07:04

Not surprised that plans have been shelved. Brexit will make us poorer and the govt needs all the money it can get! The Tories are getting this out of the way while everyone is on holiday.

[woozle1] 06/8/2017 07:01

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

[nod] 06/8/2017 06:34

Is the Mail story accurate? I read it was denied by another minister.Any update on this?

[nw99] 02/8/2017 08:20

Bought here chart points to 150

[mamcw] 27/7/2017 14:12

Very solid statement. Cracking management team, which I'm betting on to deliver the goods.

[septimus quaid] 23/7/2017 16:09

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?

[nod] 27/6/2017 09:50

Watching with interest. Where has everyone gone?
I followed LAD while all the FOBT anxiety was occurring.

Over the past two years, UK Gov has shown no desire to kill the goose laying taxes.
They look now to be in a much weaker position post election: falling pound, rising inflation, Brussels in command of Brexit. The EU is claiming a $145 Billion divorce settlement.

Apparently, the Labour and Lib Dem manifestos contained commitments to reduce the maximum stake on FOBTs to £2 a spin. The Conservative manifesto had no such commitment.

"Analysts predict that last week’s shock UK election result is likely to induce an even more severe FOBT stake cut than had already been predicted.

Following the unprecedented result of the UK’s snap general election, shareholders and financial analysts predict that the hung parliament is likely to make matters worse for Britain’s bookmakers.

Prior the 9 June result, which saw Jeremy Corbyn’s Labour Party rob the Conservatives of their overall majority in parliament, most analysts were projecting a moderate (albeit significant) reduction in FOBT stakes to between £20 and £25."


June 26, 2017 By Aden Simpson

[woozle1] 05/5/2017 09:40

I'm a but surprised as the govt has deferred the triennial review until later in the year. By which time the UK economy will be heading even further south and I doubt the Treasury will want to forego the tax income.

[septimus quaid] 05/5/2017 07:49

Broker forecast according to HL (04/05/17):

Shore Capital retains as a buy
Peel Capital reiterates as a buy

[septimus quaid] 04/5/2017 20:19

Well today's trading update went down like a lead balloon.

[septimus quaid] 16/3/2017 17:44

Ladbrokes have been taking bets for decades, I'm sure they know what they're doing

[catswhiskas] 16/3/2017 12:40

There are still 2 days to go If the FAV wins all the remaining races expect profit downgrades ahead of the possible £2 maximum FOBT stake crack down which will mean penny share status for Ladbrokes!!

[mamcw] 16/3/2017 12:34

Compared with last year, the Festival is already a massive success for the bookies. I would expect profit upgrades next week.

[spoole5] 15/3/2017 15:53

Another favourite bites the dust!!

[gretel1921] 14/3/2017 09:28

Just hope for a few hot favorites to get licked .

[spoole5] 09/3/2017 17:14

Back in at 120.8 this week. Once the political nonsense is over and merger benefits become clearer this will be 2 quid.

[mamcw] 09/3/2017 11:59

Cheltenham is shaping up to be a real winner for the bookies, with very few short price favorites compared with last year.