Sportingbet Share Discussion Threads

[stewart_25] 28/2/2013 08:38

with the share price of GVC now its looking like a full cash out for me...

[pyueck] 25/2/2013 14:21

A word of warning on GVC accpetance in Nominee:

With GVC hovering a mere 3-4% above the 233 that would make it better value to go for the cash than GVC shares, I must all warn you of a peril you may be unaware of.

If you are a nominee shareholder you will have a date to decide whether to a) take cash and gvc shares as per deal, b) to take all cash, or c) to take as many gvc shares as possible. For III this is the 5th of March, this is a week before crest shareholders can decide.

The effect of this is you need to be REALLY careful about choosing option c, especially as it is very uncertain whether the GVC shares will be above or below the equivilant cash value.

If you choose option c and the GVC price is above 233 then you are likely to get a few more shares than you would if you chose option a, as most other holders will choose to receive as many GVC shares as possible. However if you choose option c and the GVC share price crashes between the date you decide and the date everybody else decides you will end up with LOTS of GVC shares as almost all other shareholders without an agreement to take GVC shares will opt for cash.

GVC is a very hard to value company and it is forseeable that there could be large movements of the share price. If the worst was to happen and the share price crashed say 30%, you could be at a huge loss. However if the shareprice rose 30% your upside is very small as pretty much all shareholders would take GVC shares and you wouldn't get many.

Thats why for me if assuming on the 5th the shareprice is above 233, I will be taking option a, not option c. Obviously if it is below I will take the cash, in fact if it's much below 240 I might go for cash due to dealing costs.

Just a note beware option C, you have been warned!!!!!!

[pyueck] 25/2/2013 10:44

Turn the offer down, it's already been voted on and accepted. ?

[cheshiremoggie] 25/2/2013 09:30

I dont think that you rejecting the offer is going to make much difference.

CM.

[rossstar3] 25/2/2013 09:10

there is more value if the bid is turned down because of the usa opening up we would be about 65p now unless whill can up the offer then i would turn the offer down.

[audigger] 23/2/2013 08:15

Well I finally sold last wednesday and made a modest profit. Had held for 3 years and the divis were reasonable over this period. Overall I'm happy with the outcome especially as there were some major paper losses at one stage. Good luck to those who have gone the GVC route!

[shano2] 22/2/2013 18:47

thanks Steve

[cue ball] 22/2/2013 18:30

looking at the events in the us over the last month, wmh have just committed the steal of the decade. SBT would surely now be at 70p at least, looking at the gains in the sector of those companies with us exposure. still tomorrow is another day, lets look for the next, el dorado.

[stevi111] 22/2/2013 17:01

Yes Shano..

[shano2] 22/2/2013 16:26

If you take cash and GVC shares for disposal of SBT shares, when working out CGT do you use 233p as the price of GVC shares plus the cash element as the disposal price?
Thanks to anyone with the answer.

[pyueck] 22/2/2013 15:35

Well personally I think Ladbrokes idea of organic online growth is better, and buy a few small acquistions with unique technology (i.e. betdaq). Surely WMH could build an online website and market it in Australia for a lot less than £500m ono.?

[d20814] 22/2/2013 15:29

Think Hills have got a good deal as Oz market looks great for growth, I'd be a nervous GVC holder but there awesome div will keep them higher than SBT ever were valuation wise. I sold to get into 888 at New Year so pleased either way. Ladbrokes will regret M&A decisions IMO

[pyueck] 22/2/2013 11:32

In my experience in investing, if anybody uses the phrase '100%' then its definately a lot less than 100%.

Doesn't matter if new bidder emerges, too late, sbt shareholders have agreed to sell at 55p (can't understand the claim its somehow 56.1p because of last dividend payment!). IMHO sbt shareholders have done well, got out with a decent price for a company with terrible recent performance.

[oohrogerpalmer] 22/2/2013 11:31

Think in the long run that WH will realize what a good deal they have got and Lads what a bad decision not to see it through.

Glad i sold & moved onto to 888 a while back and hopefully they can reap the benefits of the states etc.

Good luck all.

[festario] 22/2/2013 11:23

Yes Cheshire Moggie, he did... but Investment Guru told us 100% that there would not.
I know who has been more reliable in this sector in recent years!
Thats why I moved all my SBT elsewhere some weeks ago.

[v11slr] 22/2/2013 10:20

Might as well take this off my favourites now.

[cheshiremoggie] 22/2/2013 10:19

Well Cueball promised me 100% that there would be another bidder. He's never wrong so I will wait and see...

[investmentguru] 22/2/2013 08:54

It's all over, boys. Time to arrange a respectful burial for the SportingBet corpse...

[pyueck] 20/2/2013 11:32

Asagi, there is a difference between this not being a great deal for Sportingbet shareholders and Sportingbet shareholders haven't done very well. Disagree with first, agree with second :)

[asagi] 20/2/2013 10:35

Sold the last of my Sportingbet shares this morning for the same reason as oohrogerpalmer - takeover might be voted down.

It is NOT a great deal for Sportingbet shareholders, just the best offer on the table.

Shares would fall back, without question if voted down, presenting another opportunity for me to get back in.

Good luck all with new investments etc.

Asagi (no position)

[grizzly bare] 20/2/2013 09:20

The point I'm making is that staying in Sbt has tied up capital in low reward returns for the last couple months.

By selling Sbt at 55p I freed up capital which by investing in better opportunities (888 and GNC) has earned me 30% in the past month. If I had stayed in Sbt my return would have been 0%.

Oh and GNC is now 105p :-)

[pyueck] 19/2/2013 11:04

Sure you don't mean Greencore? ;)

Just a side note, this forum is on Sportingbet. No point saying you sold it and make x or lost y on something else its not relevant. Might as well say I sold Sportingbet yesterday, put it on the 3 o'clock at Windsor, it won tripled my money...

[grizzly bare] 19/2/2013 10:42

T34 - Creencorp (GNC) nothing to do with online betting - food supplier whose shares took a big knock on Friday over horse meat in one of their Asda products

[t 34] 19/2/2013 08:10

Greencorp ??????