Where do you think they will go to or should i sell now

Dropping like UTD down the table.

Not that fast! :-)

One of the few blue on my list !

Stopped out jimmy @ 339.0 - 26.9

Article in local rag re-gaming machines in betting shops, doesn't help.

MARKET REPORT: Gambling on the High Street bookies as crunch time for high stakes betting machines beckons
By ROGER BAIRD
PUBLISHED: 22:31, 24 January 2014 | UPDATED: 22:31, 24 January 2014
0 View
comments
Investors know the next few months will be a crunch time for the future of high stakes betting machines for firms such as Ladbrokes and William Hill.
These machines are likened to crack cocaine and allow punters to wager up to £100 every 20 seconds on games such as roulette. Critics like anti-gambling charities and the Labour party say these machines exploit problem gamblers in the poorest parts of the country.
Bookmakers deny there is any link between addictive gambling and these machines. They add that these higher stake machines were first brought in after the Labour government relaxed rules in 2001.
Since then these machines have grown to contribute a significant proportion of bookmaker’s sales.
MARKET REPORT: Gambling on the High Street bookies as crunch time for high stakes betting machines beckons
Ladbrokes, up 1.9p to 152.6p, says it will take up around 38 per cent of net revenue this year, while William Hill, down 5.9p at 336.9p, says it will contribute 29 per cent to sales in 2014.
In March trade body the Association of British Bookmakers will attempt to head off some of this criticism by introducing a tougher code of conduct governing the 33,000 fixed odds betting machines in the UK, which generate £1.5billion in annual sales.

More...
Share dealing: £12.50 flat-fee with low cost dividend reinvestment. Find out more
INVESTMENT EXTRA: Don't hang up on your Vodafone stake
The industry code will include longer delays between starting a new game, staff training to identify problem gamblers and removing cash machines from betting shops.
However, Labour has called for stronger action. It wants local councils to have the power to veto new betting shops in their area, and a cut in the number of machines allowed in each bookie (currently the maximum is four). Other charities have gone further and called for the maximum stake a punter can make to come down from £100 to as little as £2.
Labour lost a Commons vote on its proposals earlier this month by 314 votes to 232. However, the coalition government admitted it was looking hard at the growth of these machines.
Culture Minister Helen Grant said: ‘There is no green light for these machines. Their future is unresolved pending the research we have started.’
Analysts at Investec describe cutting maximum bets from £100 to £2 as ‘the ugly’ option, which could slice up to £150million off betting machines sales.
The broker says that beyond 2014 the future for the betting machine industry is ‘opaque.’ However, its best guess is that limited government regulation maybe added to what the industry plans to bring in. Investec concludes this will leave William Hill in a strong ‘buy’ position, but retains its ‘sell’ on Ladbrokes, which also has to contend with an underperforming online business.
The FTSE 100 fell 109.54 points to 6663.74 as Britain’s top shares sank to five-week low, with stocks exposed to emerging markets suffering the biggest losses, knocked by a rout in Latin American currencies. It was the lowest close for the blue-chip index since December 20.
On Wall Street the Dow Jones Industrial Average fell 100.02 points to 16,097.33 in early trading as the a sell-off of emerging market currencies also hit the world’s largest economy.
Back in London, Aberdeen Asset Management shed 24.1p to 397.3p, the FTSE 100’s top faller, after Morgan Stanley downgraded the shares to ‘underweight’ from ‘equalweight’. The broker cited worsening fund performance and challenging emerging-market fundamentals.
While rival Ashmore was among the steepest FTSE 250 midcap decliners, off 18.2p at 325.8p, suffering from their heavy exposure to emerging markets after Argentina’s central bank gave up its battle against the currency’s decline. The Mexican peso and a number of Asian currencies also suffered.
Credit checking firm Experian slipped 52p to 1,072p, brewer SABMiller fell 89p to 2,889p, while bank HSBC was down 13.1p to 645.9p. All three firms have a large exposure to Latin America.
Retailer Sports Direct lifted 2p to 708p following reports the group has begun talks with Debenhams following last week’s news of a complex share transaction. The department stores group eased 2.05p to 76.6p.
City broker Charles Stanley, up 8.5p to 510p, said revenues rose 18 per cent in the three months to December with funds under management up 13.4 per cent in the nine months to £20.1billion.
But Square Mile rival Close Brothers was down 29p to 1,307p, even after it said its loan book increased 4 per cent to £4.8billion over the last six months.
- Shares in e-Therapeutics tumbled nearly 16 per cent after the Oxford-based biotech firm said it was suspending recruitment for cancer treatment trials because of problems storing the drug during the test period. The drug firm said patients already testing its ETS2101 brain cancer treatment would continue the programme, but the firm would not take on new recruits until further notice. e-Therapeutics said it had informed the relevant regulators and hopes to re-start the full programme ‘as soon as possible’.
Share or comment on this article


Read more: http://www.dailymail.co.uk/money/markets/article-2545573/MARKET-REPORT-Gambling-High-Street-bookies-crunch-time-high-stakes-betting-machines-beckons.html#ixzz2rMQJBC00
Follow us: @MailOnline on Twitter | DailyMail on Facebook

have bitten the bullet on this little turncoat ..... since it's horrid tumble, it shows no sign of being able to building a support above 340

Anyone want to bet on 3 quid here ? excuse the pun..

.

I'm not a chartest HARRY .

Not sure I can read this one with any accuracy. Just interested to see if 300p was an obvious support level. Think once it goes below 340p with any momentum then .......280p?

I bit the bullet on this dog @343.

They seem to be their own worst enemy at the moment, regarding football odds anyway. Offering 6/1 Aquiro 1st goalscorer and City win against Spurs tonight. Considering Aquiro scores every game he plays no brainer. :O)

COULD be at support level looking at longer term chart over 3 years. Note right on 100% Fibonnaci retracement, but does fundies rule here ie, the gaming machines.

I think America could be their saviour GF reading posts from accross the road. I may get back in tomorrow well overdone imo.

Target initially 400.0 to close the gap.

Looks tempting Chris but the broader market will stop me from trading until I see it settle down.

Anybody had the balls to go long? it is blue at the moment.

No not yet , the threat of legislation re the machines plus a dodgy market .

Turned red Jimmy.

This market is dodgy at the moment.

So volatile either way. If I had the time id be shorting some stocks but you need to be at the PC all day with this kind of volatility.

Yup i think this has 3 quid on it . Bloody Milliband ! ,will they really try and limit these machines ,think of the tax they make .