Share Name Share Symbol Market Type Share ISIN Share Description
Sportech LSE:SPO London Ordinary Share GB00B28ZPV64 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.25% 98.75p 98.00p 98.50p 99.50p 98.00p 99.00p 23,826 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 98.6 30.7 6.4 15.4 183.29

Sportech Share Discussion Threads

Showing 4526 to 4549 of 4550 messages
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
DateSubjectAuthorDiscuss
13/7/2017
07:39
Good post. Looks impressiveMonopoly on sports bars with betting is the key to good profits in those locations
trentendboy
13/7/2017
03:28
STAMFORD — Bobby V’s is back in business. Updated 3:12 pm, Wednesday, July 12, 2017 The new Bobby V’s Restaurant & Sports Bar celebrated its grand opening Wednesday morning at its new location at 268 Atlantic Street, just around the corner from the original Main Street location. The newly-constructed 25,000-square-foot restaurant, which also contains an off-track betting facility on the second floor, boasts 32 draft lines behind the bar and more than 200 HD TVs for the ultimate sports bar experience. “The people of Stamford will have a first-class food and beverage establishment,” Stamford native and baseball legend Bobby Valentine said in a statement released Wednesday. “It will provide the residents of Fairfield County, New York and surrounding areas a very special environment.” Valentine partnered with New Haven betting firm Sportech on this latest venture in the downtown. It’s his second partnership with the OTB firm after opening a similar venue in Windsor Locks in early 2014. “The benefit here is we get to design the entire building from scratch, whereas in Windsor Locks we built Bobby V’s within an existing business - Stamford is even more impressive, has something for most people, is very family friendly, and our showcase property now” Ted Taylor, Sportech Venues President, said in the statement. http://www.stamfordadvocate.com/local/article/New-Bobby-V-s-celebrates-grand-opening-in-11283944.php#photo-13108679 Have a browse through the photos. Impressive sports bar with over 200 TV screens.
nod
08/7/2017
00:13
Reflecting on my last post. The most equitable way of calculating interest due from HMRC on overpayments would be to use the same interest rates used by HMRC for underpayments during each of the years. The purpose of the rates used by HMRC is to serve as a disincentive to taxpayers from holding onto the cash. If the same rates were used for restitution, HMCR could hardly argue these rates are unreasonable or excessive when it has used those rates against thousands of taxpayers.
nod
07/7/2017
10:34
I paid company tax in the UK for around four years, while there at various times between 1986 and 1996. HMRC charged huge interest rates plus penalties whenever I was late by a few weeks. HMRC does not apply equivalence and adequacy. It does not apply simple interest.To be fair, the calculation for restitution should be the same both ways.
nod
07/7/2017
10:04
Nah, a win wasn't priced in by more than 3p. This is just a tree shake to get a few holders to reduce. There have been minimal sales and there will be no further news on the decision for at least four months.
nod
07/7/2017
09:44
I got interested here, but now it seems that whatever was being priced in, is now fully priced out again!
festario
06/7/2017
17:27
Nod, you are correct the case is complicated, and has been made political, if Their Lordships kick for the long grass: - EU Law direction wait for years for a hearing slot it will serve its purpose also byway of long delay. Then if their Lordships are minded to apply UK Law and ignore EU Law resulting in a win for Littlewoods/Sportech but only partial, say with the compound interest refused but interest as paid allowed to stand. Is then open to appeal to the EU Court. Either scenario would be a political win for the Government of the day. Think for a moment if Their Lordships granted the compound interest claim against HMRC, what would the cost be to the UK Treasury Dept and the British tax payer? Can the judgement be given against HMRC that does not run the risk of a huge number of other claims of a similar nature then arising from others who may feel aggrieved? As always regards, VZ
van zandt
06/7/2017
10:33
TEB, the difference is huge due to the decades between the payments and today. During that period we have had some years with exceptionally high interest rates. As any financial advisor will advise, compound interest adds up (except in recent years).Littlewoods received £250m of simple interest on the VAT refund, but the company contends it should have received £1.2bn of compound interest charged on the interest already earned.Sportech received around £50m simple interest (to keep the maths simple). So compound interest say £200m. ??I don't recall seeing what SPO claimed.
nod
06/7/2017
10:11
VZ,It's a complex case for me.From the final questions and some voluntary opinions from the Lords, I felt they wanted to side with HMRC but indicated that EU law may override UK law.If they apply EU law then Littlewoods should win.
nod
06/7/2017
10:00
Oops hit submit too early...If a case takes two or three years to be heard by the ECJ then the U.K. may not be in the EU by then. I would say the only question for the Supreme Court is: what was the law at the time of the overpayments. If EU law overrode UK law at that time, then EU law should be applied.That's my simpleton view.Littlewoods made a good argument for 'adequate' compensation at the discretion of the Court. Restitution does not need to be at full compound interest but a more reasonable middle ground.
nod
06/7/2017
09:47
Thanks for the clarification. That makes sense. What is the estiamted difference? Cannot be that many millions.
trentendboy
06/7/2017
09:44
TEB, SPO has already received interest on the overpayments quantified as simple interest. The Supreme Court case is summarised in the BNA article referred to above:"The key issue in the Littlewood case is whether European Union law requires the payment of compound interest, where a taxpayer has overpaid VAT contrary to EU VAT legislation," Bill Dodwell, a partner with Deloitte LLP in London, told Bloomberg BNA in a July 3 email.The Lords indicated they may refer the case and decision to the EU
nod
06/7/2017
09:06
hxxps://www.bna.com/uk-tax-office-n73014461145/ Review of first day proceedings.
carcosa
06/7/2017
08:58
VZ, interesting - on what grounds? Clearly they have the money from the overpayments. This is about the interest payments. Would seem a clearer case in some respects. So EU law in out favour, UK law against - better get this done quick then before Brexit. EU judges might take pleasure in stiffing the UK government :-)
trentendboy
06/7/2017
08:49
Hello Nod, The Supreme Court and the raising of costs before the court adjourns to make a judgement/decision, is purely a technical requirement and often a quaint way of justifying the high costs of junior B's in such cases. personally I am not convinced the of the ruling in Littlewoods favour, from what I saw of the proceedings. Regards, VZ
van zandt
06/7/2017
00:10
The Supreme Court hearing has concluded. The Court will come back with their decision after the summer recess.The last 20 minutes of the afternoon video are the judges summary discussions and worth listening to. My understanding from a first pass is that under English Law they would accept the HMRC application. Under EU Law they may reject the HMRC application. As a final word, the Littlewoods QC raised the question of costs, implying that he interprets the summary and likely ruling will be in Littlewoods favour.
nod
05/7/2017
23:16
With the completion of the sale in June of The Football Pools, we now have another GBP83m in the bank. I would like to see a special dividend payment rather than another of those silly tenders that only reward the organiser (the broker) and a few major shareholders.
nod
05/7/2017
07:55
Seems a fair price target. I wonder if that includes a TO premium
trentendboy
05/7/2017
07:41
Peel Hunt reiterated a Buy with Target Price of 140p
nod
04/7/2017
22:58
Littlewoods v HMRC case is available on video(s) if you have four hours spare each day to watch them.I watched around 30 minutes of the afternoon sessions.You would need all the Court documents in front of you to follow the story.In a nutshell, it's mostly about the meaning of the wording in the Acts and how the lower Courts were right or wrong in their interpretations and rulings (depending on which side you are on).https://www.supremecourt.uk/cases/uksc-2015-0178.html
nod
04/7/2017
12:18
Sportech Racing is well-structured to win contracts around the globe. In Europe they are a U.K. company. In the Americas and Asia they are a US company.
nod
04/7/2017
12:06
Good stuff. I like the SPO breakout and glad I did not sell any at £1 in the recent offer. Plenty of more to come and a could "TO" premium would be needed to get SPO licenses which are increasingly valuable
trentendboy
04/7/2017
02:14
Sportech Racing receives Dutch tote betting licence 3 JULY 2017 Dutch gaming authorities have granted the first licence to offer tote betting on horse racing to London-based gaming and sportsbook operator Sportech Racing. The licence was awarded following the company meeting pre-approved criteria and passing through a comprehensive selection and award phase designed to examine its suitability to conduct tote betting in the Netherlands. Interested parties were required to submit applications for tote licences to authorities by 30 December 2016 in order to be considered for licence approval. Sportech were granted a six month temporary licence extension in December of 2016, while its new licensing application was considered by authorities. Under current legislation operating a horseracing sportsbook is illegal in the Netherlands without prior approval and licence by the Dutch Gaming Authority, the Kansspelautoriteit. Sportech Racing becomes the first and thus far only provider to secure a licence to operate tote betting in the Netherlands, with the new licence being valid for a period of five years. https://www.gamblinginsider.com/news/3591/sportech-racing-receives-dutch-tote-betting-licence
nod
03/7/2017
23:30
Thx, interesting. Underpriced for sure
trentendboy
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
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