Rank Share Discussion Threads

[s34icknote] 30/1/2025 20:44

How's the evok div doing ??

[blackhorse23] 30/1/2025 14:40

Best value gaming shares in the market is EVOK [EVOKE] , the rest is over valued

[boonkoh] 30/1/2025 12:30

Hamhamham1....If you'd bothered to do a deeper dive, you'd have found that the legislation proposed was shelved with the elections and Labour coming I to power.And since then, there has been no indication that the new DCMS or Gambling Minister has a timeline for reintroducing this bill to Parliament.It also did not make Labours top X (40?) priority bills.

[hamhamham1] 30/1/2025 11:18

It was reported at the time...

From 26 July to 4 October 2023, DCMS conducted a public consultation on these measures. Following analysis of the evidence submitted, the government intends to implement the following measures:

Relaxation on casino rules: allowing 1968 Act casinos to increase the number of their gaming machines to 80 if they meet the size requirements of a Small 2005 Act casino and allowing smaller 1968 Act casinos more than 20 machines, on a pro rata basis commensurate to their size, and permitting betting in all casinos.

Machines in arcades and bingo halls: allowing a 2:1 ratio of Category B to Category C and D gaming machines in arcades and bingo halls, implemented on a device type basis.

Cashless payments on gaming machines: removing the prohibition on the direct use of debit cards on gaming machines, subject to the introduction of appropriate player protection measures.

Introduction of a legal age limit of 18 for certain gaming machines: protecting children and young people by banning anyone under the age of 18 from playing low stake Category D slot-style machines that pay out cash.

Licensing authority fees: increasing the maximum chargeable premises licensing fees by 15%.

[boonkoh] 30/1/2025 11:06

They seem to be quite confident on the land gambling reforms. And also in timeline.Odd as I haven't seen anything mentioned publicly in industry news, etc.That would definitely turbocharge earnings for the next two years if that's the case. Grosvenor casinos are high gross margin, big fixed cost businesses so reforms to the slots will mean huge operational gearing of profits to the bottom line. More than mitigate the wage increases, online restrictions. (I hold in the Boon Fund)

[hamhamham1] 30/1/2025 09:50

Not bothered about the dividend.
It's growth, profits and debt (balance sheet) that I care about.
Look after those and the divis will come, and if they don't give back through divis and instead invest in more growth, that's also fine with me.

And today's RNS ticked all 3 boxes for me.

What was the share price just before covid?
Well, it was 322p in Feb 2020.

And that share price was based upon the Aug 2019 full year results of:
£729m revenue.
£72.5m profit before exceptionals.
£695m statutory revenue
£39m statutory profit.

So, even 200p today would still be cheap IMO.

Yes, there was a share raise (Nov 2020), issuing approx 19.9% new extra shares (at 90p each), but allowing for that. The Feb 2020 price of 322p would equate to 268p today, with the extra 19.9% shares around. And I wouldn't rule out them buying back that 19.9% over a few years, like FSTA have just done.
These are the kinda things you can do when you have good profits and don't have much debt at all to service.

And note even after extra 19.9% shares issued, the share price still rise from 90p area in Nov 2020 to 201.5p in May 2021. (When it was lossmaking due to / during covid - completely different to todays bumper growth and profits RNS)

[blackhorse23] 30/1/2025 09:37

Dividend worst than AIM companies, would be better if no dividend

[blackhorse23] 30/1/2025 09:06

Mate poor dividend after long waiting

[hamhamham1] 30/1/2025 08:18

IMO 150p is reasonable 6 month target and 200p this time next year, if results continue like that!!!

(Took the op to pick up a few more today)

[hamhamham1] 30/1/2025 08:13

Surprised on an RNS like that, thought it would do a Halfords and open up 20%??.
Anyway, looking good, GLA.

[blueclyde] 30/1/2025 07:43

Can hit 200p plus imo. The earnings are lower than they should be as they are doing a lot of renovation capex that will stop soon.

[blackhorse23] 30/1/2025 07:30

Poor dividend

[s34icknote] 30/1/2025 07:29

150 target ? Twelve times earnings ?

[tripletop1] 30/1/2025 07:13

Impressive and confident outlook taking into account inflationary headwinds..

Time to break up and out finally?

Let's hope so..

[blueclyde] 30/1/2025 07:12

Fantastic! So we are taking 12p EPS for the year looks undervalued.

[hamhamham1] 29/1/2025 16:37

You have never been to a real live casino have you? (or know what one is even)

And before you start jumping around in the morning, gobbing off, I do own some of these, it's just I'm not blinkered and I actually know what their business model is.

[hamhamham1] 29/1/2025 16:12

I'm talking about how physical casinos earn. Muppet.

Which is over two thirds of their revenues!

From last trading RNS...

LFL NGR
Q1 2024/25 - £m
Q1 2024/25 - change

Grosvenor venues
95.3
13%

Mecca venues
34.7
4%

Enracha venues
9.6
9%

Digital
57.9
15%

Group
197.5
12%

And why else would the drop in the price of gas (I.E. HEATING ALL THE VENUES) be such a contributing factor to offsetting wage rises for the 7,000 staff??? Muppet!
(And price of lecky for all the pokies)

From 12 months ago trading RNS...

"High wage inflation of 8% (£8.3m higher LFL employment cost in H1) was largely offset by declining energy prices (£5.4m LFL saving on the prior period)."

[the white house] 29/1/2025 16:02

You have never used an online live casino have you? (or know what one is even)

[hamhamham1] 29/1/2025 14:53

They need growth in spend and customers to counter min wage and NI increases,
As it's not like a regular service company, retailer or manufacturer, where the business can just add 5% to the list price of their goods/services.

[hamhamham1] 29/1/2025 14:05

Yeah, will be interesting to see figures.
Only downside in these numbers I can think is that gas prices have steadily climbed over past 12 months, last year the drop helped offset the extra employment costs.
(The April 2025 increases in min wage and employer NI won't be reflected in these figures, but no doubt will be mentioned in dispatches).

Look at the the 12 month gas price chart here:

[the white house] 29/1/2025 09:36

Numbers tomorrow Great new tech apps x 3 introduced in expanding online businessUp almost daily for past fortnightPushing 3 month highsMoney talks

[blueclyde] 25/1/2025 10:43

What we do know is revenues will be circa 40 million higher than last year. What that translate into increased profits I am not sure, but as per previous announcements it is a highly geared business so increased revenues can result in a surge in profits.

[chelseamann] 24/1/2025 10:42

30 Jan is H1 results