Leisure & Gaming Share Discussion Threads

[oneillshaun] 12/10/2010 06:55

burgerbarwomen - GC will not walk away from this he wants his baby back.

[burgerbarwomen] 11/10/2010 19:36

so reading between the lines the deal is off, perhaps permanently?

ongoing desperate talks with other parties... now wouldn't it be fun if the new offer was made on worse terms than the old one?

could happen... I mean the other interested parties have the Fools over a barrel now surely?

[burgerbarwomen] 11/10/2010 16:19

indeed

the FY finals painted a positive picture... shocking what followed but the professional investors saw it coming...


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Operating profit before interest, foreign exchange (loss)/gain, tax and depreciation & amortisation €2.5m (2008: €1.5m)

· Cash held at banks, excluding borrowings, €1.6m (2008: €1.5m)

· Cash held as security for guarantees for Italian licenses €1.6m (2008: €2.2m)



Operational Highlights

· Italian active partner network increased by 45 to 529 (2008: 484).

· Cyprus partner network increased to 49 (2008:47)

· Betshop poker has gained 13,500 customers since launch in November 2008

· New Greek online marketing partner appointed

· Expanded call centre capacity securing hub in Reggio, Calabria

· Continued development of proprietary IT platform for the B2B market



Richard Creed, CEO of Leisure & Gaming plc, commented: "Figures published by the Italian regulator show that the Italian gaming market is growing by 20%. In addition, the imminent regulation of casino and cash poker games, (announced by the Italian regulator to occur in July 2010) is expected to provide significant growth opportunities.

The Group continues to diversify its product offerings in order to reduce its dependence on sports betting. The development of our B2B offering, using proprietary betting software, is generating many leads and the fees earned through the use of existing assets will serve to reduce the risks associated with sports betting.

We are also looking at expanding into other European markets and continue to monitor opportunities. Going forward the Group aims to enhance its position as a major European gaming operator and views 2010 as a year of investment, the benefits of which are expected from 2011 onwards."

[ldmachin] 11/10/2010 16:14

If the Betshop Italian punters get to hear about the above statement, then there will be a run on the Betshop accounts, punters withdrawing all their deposits and going elsewhere... which will destroy the franchisee outlet owners...

... so there won't be a viable business to 'buy' or 'save' anyway...

... and to think this company was valued at £12m+ at the start of the year. What changed exactly to bring the business down? That's right, not alot, just a lot of management induced screw-ups of gigantic proporsions.

[topinfo] 11/10/2010 15:21

DJ Leisure & Gaming plc Update re Disposal

TIDMLNG

RNS Number : 2025U

Leisure & Gaming plc

11 October 2010

?

Leisure & Gaming plc

("the Company")

Update re Disposal

On 28 September 2010, the Company announced the adjournment of the General Meeting convened on that date until 10 a.m. on 12 October 2010. The adjournment was to give the Company time to conclude a share purchase agreement with Grupo Pefaco SL on the terms set out in the Company's circular to shareholders dated 10 September 2010. Since then, the Company has not concluded definitive terms with Pefaco and the Resolutions to be put to the reconvened General Meeting tomorrow are redundant. The terms of exclusivity with Pefaco have also expired without renewal. The Directors are still in talks with Pefaco but are responding to contact with other parties who have expressed an interest to acquire the Betshop business since the expiry of the exclusivity period. While that remains a real possibility, following demand for repayment by the Company's bankers on 6 October 2010, the Company is working to see if a solvent solution can be achieved avoiding administration. Further resolutions will need to be put to shareholders if an alternative process emerges.

For further information, please contact:

Richard Creed,

[conlon2] 11/10/2010 14:00

Poor Cliffy!

[burgerbarwomen] 11/10/2010 12:45

keep calm at the meeting guys....

[burgerbarwomen] 09/10/2010 15:11

so in about 72 hours we should know the fate of the Fools...

gut instinct says the Fool fightback has failed and the company will be sold as previously stated

still, fingers and toes crossed for Tuesday... hoping for good news.

[bleepy] 08/10/2010 14:30

Encouraging read for LNG's new owners whoever they may be !!


(AGICOSCOMMESSE) - Rome, October 8, 2010 - 11.53 pm - CASH POKER GAME: THE MARKET IN 2011 WILL CONSTITUTE '3.5 BILLION

Could be worth 3.5 billion the first year of online cash games in Italy.These, according to initial estimates made by Agicos through a survey of operators is the potential of the new variant of the game that is set to make his debut under the auspices of the AAMS.A market of only around one billion euros in the first six months, but within the whole 2011, the collection of cash game looks set to overcome, well, almost to double, that of the tournament.Prevedile then accelerated in the second half, when the turnover would be 2.5 billion.For a sort of principle of communicating vessels will decrease the volume instead of playing tournaments played 3 billion in 2010 to drop from about 2.5 in 2011, despite the introduction of buy-in tournaments to 250 euros, while the maximum allowed so far is $ 100.The entire Italian market of online poker should therefore worth some 6 billion euros for the whole 2011.If there will be no further delays in the cash game, the entire industry should register and then a boom.The estimate is so high due to the payout of the very attractive new way of considering the bonus game that could ultimately reach 95%.To consider the imposing advertising investment of the operators and the entry of new global giants of the game, which so far have not found it quite interesting our market.


agicoscommesse - 08/10/2010

[trendfloor] 08/10/2010 14:19

In fact the gain is only 34.6% taking out the oil stock NPE a stock which wouldnt be entertained in the pub in earlier days, in fact I bet it isnt now.

So coming off a market bottom this kind of gain is p--s poor to say the least.

How on earth these fools can brag over this is beyond me.

Give em some stick burgers.

[burgerbarwomen] 08/10/2010 14:15

point is that most of the Fool crowd are sheep... lacking the ability of independent thought processes

they are therefore... easily led astray

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match a Fool to a sheep and win a prize.......

[trendfloor] 08/10/2010 13:56

Fight back burgers, this patronising lot dont have a clue and most of the gains that they make are because they enter on mass.

[trendfloor] 08/10/2010 13:54

In fact take out NPE which I dont consider to be a fool stock anyway and the gain is far from being average. Its rather poor.

[darlocst] 08/10/2010 13:46

whatever burgerbarwomen - the point is if you'd bought each company after they had presented you'd have made 99.7% before costs & spreads.

you carry on making a case of going short instead though...

[trendfloor] 08/10/2010 13:43

darl he hasnt you know, this performance is nothing more than average, if that, given that that we have come off the worst recession this country has seen for a generation................... ends

Sure. Go ahead. Here's the performance of companies presenting since Oct 2008:

[burgerbarwomen] 08/10/2010 13:32

not so, see my last post

who the hell shorts for two years?

[darlocst] 08/10/2010 13:22

oh dear burgerbarwomen - hahahah, Alun's mugged you right up there.

[burgerbarwomen] 08/10/2010 12:59

am


not really a fair yardstick as most companies will iron out any operational problems over time

what I'm interested in are stats showing the percentage of post Mello meeting dives in the share price

remember that shorters are only interested in short term movements, not two year trading performance

[alunmorris] 08/10/2010 12:49

it may be worth opening up shorts after any Mello meeting share which is pumped on advfn and the fool

wait until the Fools have finished the buying for the day after the meeting, then strike with a guaranteed stop in place

Sure. Go ahead. Here's the performance of companies presenting since Oct 2008:

[trendfloor] 08/10/2010 12:47

Hey Burgers,

another mutley fool favourite bites the dust......mubl.

When will that patronising lot realise they dont have a clue.

[burgerbarwomen] 08/10/2010 12:42

a serious thought.... it may be worth opening up shorts after any Mello meeting share which is pumped on advfn and the fool

wait until the Fools have finished the buying for the day after the meeting, then strike with a guaranteed stop in place

perhaps one could earn a decent living doing this?

[investmentguru] 08/10/2010 12:35

I thought davidosh owned a lot of LNG shares? I'm sure he said he did on one of these threads.

[burgerbarwomen] 08/10/2010 11:15

I couldn't care less less how he invests.... that's two dogs in quick succession.

I called it right on MUBL and I've earned my stripes...

[hiq] 08/10/2010 11:09

I don't think you understand David's investment strategy, whicch seems to involve spreading his money very thinly into 50+ shares. The hits he takes are therefore capped.

He could laugh off a total loss on LNG etc as swings & roundabouts.