Ladbrokes Coral Share Discussion Threads

[septimus quaid] 03/11/2017 09:09

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.

[nod] 31/10/2017 18:40

Another three months to wait while they have a consultation. The preferred option is clearly "do nothing".

[anony mous] 31/10/2017 07:25

Down from £100 to between £50 and £2 just announced.

[woozle1] 08/10/2017 09:57

With the public finances deteriorating, I'm not sure there's much appetite in Govt to lose this revenue stream. I can hear the swish of the long grass!

[frankiethecabbie] 29/9/2017 16:22

A balanced view at last.https://www.racingpost.com/news/mp-robertson-issues-warning-over-risk-to-racing-from-fobt-clampdown/302517

[septimus quaid] 24/9/2017 10:47

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).

[woozle1] 08/9/2017 17:17

6p dps next year

[septimus quaid] 08/9/2017 06:21

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.

[gazmeistergeneral] 07/9/2017 20:22

Here comes the mark up

[gazmeistergeneral] 07/9/2017 20:21

Breaking out today after period of accumulation- long

[woozle1] 04/9/2017 06:20

Agreed. The company is deleveraging nicely.w1

[septimus quaid] 03/9/2017 20:53

From HL website:

JP Morgan Cazenove 01/09
Reiterates
Overweight
Overweight

[adamb1978] 01/9/2017 21:42

Results this week were very reassuring. Simply doubling the H1 EPS gets you 11.4p EPS, so a current year PE of a tad over 10x.

However they're expecting £150m synergies by 2019, which will be gradually phased in. Given H1 operating profit was just over £50m, that synergy figure is huge.

These looks very cheap as a market leader in their sector. Will be adding more on Mon

[septimus quaid] 01/9/2017 17:27

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."

[septimus quaid] 01/9/2017 15:38

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.

[anony mous] 25/8/2017 06:07

Front page Guardian carries news on FOBT and gambling etc

[adamb1978] 18/8/2017 08:01

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.

[nod] 14/8/2017 18:27

If the review significantly reduces the maximum bet, it is likely to come under pressure to change other parameters at the same time - front and back office. Accounts for gamers is one. The trade off may be more machines that are seen as socially more acceptable. The tax office is not going to accept losing 50% of income at this time.

[nod] 14/8/2017 09:23

More shops.

[privileged] 14/8/2017 06:28

Nod not possible as only 4 per shop allowed!