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GVC Holdings PLC (GVC)
dreamcatcher
- 13 Jan 2013 12:13
About Us
GVC Holdings PLC (LSE:GVC) is a multinational sports betting and gaming group. Our shares are listed on the Official List (Premium Segment) and are traded on the Main Market of the London Stock Exchange. Our shares were traded on AIM from 21 December 2004 until 1 February 2016. We are incorporated in the Isle of Man under number 4685V.
The Group operates some of the leading brands in the gaming sector including bwin, Sportingbet, partypoker and Foxy Bingo. In addition the Group provides online gaming services on a business-to-business basis to a limited number of third party operators.
Key facts
•Licenses in 14 countries
•Offices in Austria, Bulgaria, Denmark, Germany, Gibraltar, India, Ireland, Israel, Italy, Malta, The Philippines, Slovakia, Spain, United Kingdom, Ukraine and Uruguay
•Over 3,200 employees or co-workers
•€4bn of sports wagers a year
http://www.gvc-plc.com/
William Hill closes on Sportingbet deal
by: Dominic Walsh
From: The Times
December 20, 201211:16AM
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WILLIAM HILL will unveil a recommended £486 million ($754 million) takeover of Sportingbet today after hammering out a retention deal with the management of the online bookmaker's Australian division.
The group, which is bidding jointly with GVC Holdings, had hoped to finalise terms by Tuesday's deadline set by the Takeover Panel but was forced to seek an extension until tomorrow to tie in Michael Sullivan, head of Sportingbet Australia, and his top team
Date: Tuesday 16 Oct 2012
LONDON (ShareCast) - Online gaming firm GVC has requested a temporary suspension of trading today following the agreement of a revised and increased possible offer by GVC and William Hill for Sportingbet.
Trading has been suspended because historic financial information in relation to the parts of the Sportingbet's business which may be acquired by GVC has yet to be extracted from Sportingbet's consolidated accounts, GVC explained a in company statement.
It added that talks are at a preliminary stage and there can be no certainty that they will be concluded successfully.
CJ
dreamcatcher
- 17 Jan 2013 21:19
- 2 of 404
RNS
RNS Number : 8387V
GVC Holdings PLC
17 January 2013
For immediate release
17 January 2013
RECOMMENDED OFFER
FOR
SPORTINGBET PLC
BY
WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY
OWNED SUBSIDIARY OF WILLIAM HILL PLC
AND
GVC HOLDINGS PLC
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
PUBLICATION OF SCHEME DOCUMENT
Further to the announcement by the boards of William Hill plc, GVC Holdings plc and Sportingbet plc made on 20 December 2012 (the "Announcement"), the board of Sportingbet announces that the GVC Prospectus is expected to be finalised early next week. Accordingly, the Scheme Document is now anticipated to be despatched to Sportingbet Shareholders and Sportingbet Convertible Bondholders and, for information only, participants in the Sportingbet Share Plans on Wednesday 23 January 2013 and from that time, copies will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Sportingbet's website at www.sportingbetplc.com, William Hill's website at www.williamhill.com, and GVC's website at www.gvc-plc.com.
The Panel on Takeovers and Mergers has given its consent to these arrangements.
As noted in the Announcement, UBS executed an irrevocable undertaking in respect of 29,472,443 Sportingbet Shares to procure that the registered holder of such shares will vote in favour of the Scheme at the Shareholder Court Meeting and in favour of the Sportingbet Shareholder Resolution at the Sportingbet General Meeting and also stated, on a non-binding basis, in such irrevocable undertaking that, subject to any client restrictions, it intended to make no election under the Mix and Match Facility. This irrevocable undertaking provided that it would lapse if the Scheme Document was not posted to Sportingbet Shareholders on or before 17 January 2013. UBS has now agreed to extend this date to 24 January 2013 and has also now confirmed that it no longer makes any statement of intent as regards any election under the Mix and Match Facility.
Copies of this announcement and of the deed of amendment in relation to the UBS irrevocable undertaking will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhill.com and GVC at www.gvc-plc.com.
For the avoidance of doubt, the contents of these websites are not incorporated into and do not form part of this announcement.
Terms defined in the Announcement have the same meaning when used in this announcement.
RNS Number : 8387V
GVC Holdings PLC
17 January 2013
For immediate release
17 January 2013
RECOMMENDED OFFER
FOR
SPORTINGBET PLC
BY
WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY
OWNED SUBSIDIARY OF WILLIAM HILL PLC
AND
GVC HOLDINGS PLC
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
PUBLICATION OF SCHEME DOCUMENT
Further to the announcement by the boards of William Hill plc, GVC Holdings plc and Sportingbet plc made on 20 December 2012 (the "Announcement"), the board of Sportingbet announces that the GVC Prospectus is expected to be finalised early next week. Accordingly, the Scheme Document is now anticipated to be despatched to Sportingbet Shareholders and Sportingbet Convertible Bondholders and, for information only, participants in the Sportingbet Share Plans on Wednesday 23 January 2013 and from that time, copies will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Sportingbet's website at www.sportingbetplc.com, William Hill's website at www.williamhill.com, and GVC's website at www.gvc-plc.com.
The Panel on Takeovers and Mergers has given its consent to these arrangements.
As noted in the Announcement, UBS executed an irrevocable undertaking in respect of 29,472,443 Sportingbet Shares to procure that the registered holder of such shares will vote in favour of the Scheme at the Shareholder Court Meeting and in favour of the Sportingbet Shareholder Resolution at the Sportingbet General Meeting and also stated, on a non-binding basis, in such irrevocable undertaking that, subject to any client restrictions, it intended to make no election under the Mix and Match Facility. This irrevocable undertaking provided that it would lapse if the Scheme Document was not posted to Sportingbet Shareholders on or before 17 January 2013. UBS has now agreed to extend this date to 24 January 2013 and has also now confirmed that it no longer makes any statement of intent as regards any election under the Mix and Match Facility.
Copies of this announcement and of the deed of amendment in relation to the UBS irrevocable undertaking will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhill.com and GVC at www.gvc-plc.com.
For the avoidance of doubt, the contents of these websites are not incorporated into and do not form part of this announcement.
Terms defined in the Announcement have the same meaning when used in this announcement.
dreamcatcher
- 23 Jan 2013 18:02
- 3 of 404
Publication of Scheme Document
RNS
RNS Number : 8389V
Sportingbet PLC
17 January 2013
For immediate release
17 January 2013
RECOMMENDED OFFER
FOR
SPORTINGBET PLC
BY
WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY
OWNED SUBSIDIARY OF WILLIAM HILL PLC
AND
GVC HOLDINGS PLC
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
PUBLICATION OF SCHEME DOCUMENT
Further to the announcement by the boards of William Hill plc, GVC Holdings plc and Sportingbet plc made on 20 December 2012 (the "Announcement"), the board of Sportingbet announces that the GVC Prospectus is expected to be finalised early next week. Accordingly, the Scheme Document is now anticipated to be despatched to Sportingbet Shareholders and Sportingbet Convertible Bondholders and, for information only, participants in the Sportingbet Share Plans on Wednesday 23 January 2013 and from that time, copies will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Sportingbet's website at www.sportingbetplc.com, William Hill's website at www.williamhill.com, and GVC's website at www.gvc-plc.com.
The Panel on Takeovers and Mergers has given its consent to these arrangements.
As noted in the Announcement, UBS executed an irrevocable undertaking in respect of 29,472,443 Sportingbet Shares to procure that the registered holder of such shares will vote in favour of the Scheme at the Shareholder Court Meeting and in favour of the Sportingbet Shareholder Resolution at the Sportingbet General Meeting and also stated, on a non-binding basis, in such irrevocable undertaking that, subject to any client restrictions, it intended to make no election under the Mix and Match Facility. This irrevocable undertaking provided that it would lapse if the Scheme Document was not posted to Sportingbet Shareholders on or before 17 January 2013. UBS has now agreed to extend this date to 24 January 2013 and has also now confirmed that it no longer makes any statement of intent as regards any election under the Mix and Match Facility.
Copies of this announcement and of the deed of amendment in relation to the UBS irrevocable undertaking will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhill.com and GVC at www.gvc-plc.com.
For the avoidance of doubt, the contents of these websites are not incorporated into and do not form part of this announcement.
Terms defined in the Announcement have the same meaning when used in this announcement.
RNS
RNS Number : 8389V
Sportingbet PLC
17 January 2013
For immediate release
17 January 2013
RECOMMENDED OFFER
FOR
SPORTINGBET PLC
BY
WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY
OWNED SUBSIDIARY OF WILLIAM HILL PLC
AND
GVC HOLDINGS PLC
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
PUBLICATION OF SCHEME DOCUMENT
Further to the announcement by the boards of William Hill plc, GVC Holdings plc and Sportingbet plc made on 20 December 2012 (the "Announcement"), the board of Sportingbet announces that the GVC Prospectus is expected to be finalised early next week. Accordingly, the Scheme Document is now anticipated to be despatched to Sportingbet Shareholders and Sportingbet Convertible Bondholders and, for information only, participants in the Sportingbet Share Plans on Wednesday 23 January 2013 and from that time, copies will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Sportingbet's website at www.sportingbetplc.com, William Hill's website at www.williamhill.com, and GVC's website at www.gvc-plc.com.
The Panel on Takeovers and Mergers has given its consent to these arrangements.
As noted in the Announcement, UBS executed an irrevocable undertaking in respect of 29,472,443 Sportingbet Shares to procure that the registered holder of such shares will vote in favour of the Scheme at the Shareholder Court Meeting and in favour of the Sportingbet Shareholder Resolution at the Sportingbet General Meeting and also stated, on a non-binding basis, in such irrevocable undertaking that, subject to any client restrictions, it intended to make no election under the Mix and Match Facility. This irrevocable undertaking provided that it would lapse if the Scheme Document was not posted to Sportingbet Shareholders on or before 17 January 2013. UBS has now agreed to extend this date to 24 January 2013 and has also now confirmed that it no longer makes any statement of intent as regards any election under the Mix and Match Facility.
Copies of this announcement and of the deed of amendment in relation to the UBS irrevocable undertaking will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhill.com and GVC at www.gvc-plc.com.
For the avoidance of doubt, the contents of these websites are not incorporated into and do not form part of this announcement.
Terms defined in the Announcement have the same meaning when used in this announcement.
3 monkies - 23 Jan 2013 18:39 - 4 of 404
Be very careful, these like most of the gaming shares used to be worth a lot of money and fell with abjection - some recovered but some are waiting a long time for recovery. Think and research properly about gaming legislations in e.g. America.
dreamcatcher
- 23 Jan 2013 18:46
- 5 of 404
Not in this one in a big way 3m. Thanks.
dreamcatcher
- 25 Jan 2013 14:31
- 6 of 404
trading on AIM of GVC's existing ordinary shares is expected to be restored with effect from 7.30 a.m. on Monday 28 January 2013.
Publication of Prospectus & Restoration of Trading
http://www.moneyam.com/action/news/showArticle?id=4526687
GVC revenues rise
StockMarketWire.com
GVC Holdings - a leading provider of B2B and B2C services to the online gaming and sports betting markets - has declared a second interim dividend.
The group says average daily net revenues in the six months to the end of December were 166,400 - 8% higher than the comparable period in 2011.
And GVC says January has started encouragingly with daily revenues for the first 21 days of 189,000 - 24% ahead of the corresponding period in 2012.
The company has declared a second interim dividend of 7 cents per share which will be on 1 March to shareholders of record on 22 February.
Chief executive Kenneth Alexander said: "The board is pleased with the overall performance of the Group and its confidence is reflected in the second interim dividend that it has announced today. "The amounts of deferred consideration payable to Sportingbet in relation to the Superbahis business were in 2012 27.3m and therefore highly material for the Group. Should the acquisition of Sportingbet proceed, the mitigation of deferred consideration payable should be transformational for GVC."
Publication of Prospectus & Restoration of Trading
http://www.moneyam.com/action/news/showArticle?id=4526687
GVC revenues rise
StockMarketWire.com
GVC Holdings - a leading provider of B2B and B2C services to the online gaming and sports betting markets - has declared a second interim dividend.
The group says average daily net revenues in the six months to the end of December were 166,400 - 8% higher than the comparable period in 2011.
And GVC says January has started encouragingly with daily revenues for the first 21 days of 189,000 - 24% ahead of the corresponding period in 2012.
The company has declared a second interim dividend of 7 cents per share which will be on 1 March to shareholders of record on 22 February.
Chief executive Kenneth Alexander said: "The board is pleased with the overall performance of the Group and its confidence is reflected in the second interim dividend that it has announced today. "The amounts of deferred consideration payable to Sportingbet in relation to the Superbahis business were in 2012 27.3m and therefore highly material for the Group. Should the acquisition of Sportingbet proceed, the mitigation of deferred consideration payable should be transformational for GVC."
dreamcatcher
- 28 Jan 2013 16:01
- 7 of 404
up 16% on its first day trading after the shares were suspended
3 monkies - 28 Jan 2013 21:38 - 8 of 404
It did do every well today for you and good luck - don't know which way it will go with sporting bet - so long as you keep your eye out and get out if in doubt. GVC could make a terrific come back!!! Could not of course but somehow I think it could have the makings.
dreamcatcher
- 29 Jan 2013 06:33
- 9 of 404
Thanks 3m, same again today please.:-))
dreamcatcher
- 30 Jan 2013 15:10
- 10 of 404
Up just under 8%
dreamcatcher
- 15 Feb 2013 21:47
- 11 of 404
ex div 20 Feb €0.07 - 1 Mar payment
dreamcatcher
- 17 Feb 2013 20:59
- 12 of 404
The Mail on Sunday - £485m Sportingbet sale likely to go to the wire.
Sporting bets shareholders have until Thursday to decide whether to back the £485 million offer from William Hill and GVC Holdings, with observers suggesting they are waiting to the last minute to decide. The takeover requires 75% of shareholders of the online firm to vote in favour.m Sportingbet is owned by a few big investment firms, which means if only four vote against, the deal will fall apart. Ivor Jones analyst at broker Numis Securities , said shareholders should turn down the deal as they can expect more from another buyer later on with growth in markets such as Australia , Greece, and the US, which is moving towards allowing online betting.
Sporting bets shareholders have until Thursday to decide whether to back the £485 million offer from William Hill and GVC Holdings, with observers suggesting they are waiting to the last minute to decide. The takeover requires 75% of shareholders of the online firm to vote in favour.m Sportingbet is owned by a few big investment firms, which means if only four vote against, the deal will fall apart. Ivor Jones analyst at broker Numis Securities , said shareholders should turn down the deal as they can expect more from another buyer later on with growth in markets such as Australia , Greece, and the US, which is moving towards allowing online betting.
dreamcatcher
- 21 Feb 2013 12:47
- 13 of 404
Result of EGM
RNS
RNS Number : 4074Y
GVC Holdings PLC
21 February 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART) DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
21 February 2013
RECOMMENDED OFFER
FOR
SPORTINGBET PLC
BY
WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY
OWNED SUBSIDIARY OF WILLIAM HILL PLC
AND
GVC HOLDINGS PLC ("GVC" or the "Company")
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
RESULT OF EGM
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, is pleased to announce that at an Extraordinary General Meeting of the Company held earlier today in connection with the proposed acquisition of Sportingbet, all resolutions were duly passed in the terms set out in the notice of meeting.
Completion of the proposed acquisition of Sportingbet remains subject to satisfaction or waiver of certain other conditions set out in the Scheme Document, including the Court sanctioning the Scheme and confirming the associated reduction of Sportingbet's share capital at Court hearings which are scheduled to be held on 11 March 2013 and 14 March 2013 respectively. Subject to the Scheme receiving the sanction and confirmation of the Court on those dates, the Scheme is expected to become effective on 19 March 2013.
Defined terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 25 January 2013.
- Ends -
RNS
RNS Number : 4074Y
GVC Holdings PLC
21 February 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART) DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
21 February 2013
RECOMMENDED OFFER
FOR
SPORTINGBET PLC
BY
WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY
OWNED SUBSIDIARY OF WILLIAM HILL PLC
AND
GVC HOLDINGS PLC ("GVC" or the "Company")
to be effected by means of a Scheme of Arrangement
under Part 26 of the Companies Act 2006
RESULT OF EGM
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, is pleased to announce that at an Extraordinary General Meeting of the Company held earlier today in connection with the proposed acquisition of Sportingbet, all resolutions were duly passed in the terms set out in the notice of meeting.
Completion of the proposed acquisition of Sportingbet remains subject to satisfaction or waiver of certain other conditions set out in the Scheme Document, including the Court sanctioning the Scheme and confirming the associated reduction of Sportingbet's share capital at Court hearings which are scheduled to be held on 11 March 2013 and 14 March 2013 respectively. Subject to the Scheme receiving the sanction and confirmation of the Court on those dates, the Scheme is expected to become effective on 19 March 2013.
Defined terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 25 January 2013.
- Ends -
dreamcatcher
- 01 Mar 2013 19:36
- 14 of 404
In IC - William Hill/GVC takeover of Sportingbet - shareholders have voted in favour
of the scheme of arrangement and the court is expected to sanction it on 11 March.
of the scheme of arrangement and the court is expected to sanction it on 11 March.
3 monkies - 01 Mar 2013 19:40 - 15 of 404
Good luck dc. Hope it has an impact on OPAY as well.
dreamcatcher
- 01 Mar 2013 19:54
- 16 of 404
It should have an impact on your opay. Thanks 3m, have a good weekend.
3 monkies - 01 Mar 2013 20:06 - 17 of 404
You to dc.
dreamcatcher
- 06 Mar 2013 07:13
- 18 of 404
Notice of Preliminary Results
RNS
RNS Number : 2646Z
GVC Holdings PLC
06 March 2013
Press Release
6 March 2013
GVC Holdings PLC
("GVC" or the "Group")
Notice of Preliminary Results
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, today advises that it will announce its Preliminary Results for the year ended 31 December 2012 on Tuesday 26 March 2013.
An analyst presentation will take place at 09:30 a.m. on Tuesday 26 March 2013 at the offices of Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR.
RNS
RNS Number : 2646Z
GVC Holdings PLC
06 March 2013
Press Release
6 March 2013
GVC Holdings PLC
("GVC" or the "Group")
Notice of Preliminary Results
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, today advises that it will announce its Preliminary Results for the year ended 31 December 2012 on Tuesday 26 March 2013.
An analyst presentation will take place at 09:30 a.m. on Tuesday 26 March 2013 at the offices of Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR.
dreamcatcher
- 11 Mar 2013 17:07
- 19 of 404
Result of Scheme Court Hearing
RNS
RNS Number : 7347Z
Sportingbet PLC
11 March 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
11 March 2013
Recommended Offer for Sportingbet plc by William Hill Australia Pty Limited, a wholly owned subsidiary of William Hill plc, and GVC Holdings plc to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 (the "Offer")
Result of Scheme Court Hearing
The Board of Sportingbet plc is pleased to announce that at the Scheme Court Hearing this morning, the Court gave its approval to the Scheme.
Next Steps
Completion of the Offer remains subject to the satisfaction or waiver of certain Conditions set out in the Scheme Document published on 25 January 2013, including Court confirmation of the associated Reduction of Capital. The expected date for the Reduction Court Hearing is 14 March 2013. Subject to the Conditions as described above, it is anticipated that the Scheme will become effective on or around 19 March 2013. Further details of the expected timetable of principal events are set out below.
Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Scheme Document published on 25 January 2013.
A copy of this announcement will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhillplc.com and GVC at www.GVC-plc.com.
RNS
RNS Number : 7347Z
Sportingbet PLC
11 March 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
11 March 2013
Recommended Offer for Sportingbet plc by William Hill Australia Pty Limited, a wholly owned subsidiary of William Hill plc, and GVC Holdings plc to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 (the "Offer")
Result of Scheme Court Hearing
The Board of Sportingbet plc is pleased to announce that at the Scheme Court Hearing this morning, the Court gave its approval to the Scheme.
Next Steps
Completion of the Offer remains subject to the satisfaction or waiver of certain Conditions set out in the Scheme Document published on 25 January 2013, including Court confirmation of the associated Reduction of Capital. The expected date for the Reduction Court Hearing is 14 March 2013. Subject to the Conditions as described above, it is anticipated that the Scheme will become effective on or around 19 March 2013. Further details of the expected timetable of principal events are set out below.
Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Scheme Document published on 25 January 2013.
A copy of this announcement will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhillplc.com and GVC at www.GVC-plc.com.
dreamcatcher
- 13 Mar 2013 16:30
- 20 of 404
Statement re: Mix and Match Facility
RNS
RNS Number : 9432Z
GVC Holdings PLC
13 March 2013
Press Release
13 March 2013
GVC Holdings PLC
("GVC" or the "Group")
Statement re: Mix and Match Facility
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, notes the recent announcement ("Announcement") relating to the results of elections under the Mix and Match Facility released earlier today by Sportingbet plc.
The Announcement reported, inter alia, that under the Mix and Match Facility valid Elections to receive the consideration under the Offer in New GVC Shares were received in respect of 132,291,195 Sportingbet Shares. As a result, all valid Elections under the Mix and Match Facility to receive the consideration under the Offer in New GVC Shares will be scaled back and such Elections will be satisfied as to approximately 73.87 per cent. of the Election.
Kenneth Alexander, Chief Executive Officer of GVC Holdings plc, commented: "The Board of GVC is delighted to see that so many Sportingbet shareholders have elected to receive their consideration in GVC shares. GVC's strategy of delivering shareholder value through dividends is one that the Group is committed to and the GVC Board believes that the Enlarged Group has an exciting future once the businesses have been successfully integrated."
Further to GVC's announcement on 21 February 2013, and subject to the Scheme becoming effective on 19 March 2013, it is expected that admission of the Existing GVC Shares will be cancelled and that the Enlarged Issued Share Capital of GVC will be re-admitted to AIM at 8.00 a.m. on 20 March 2013. Dealing in GVC Shares is expected to commence on AIM at 8.00 a.m. on 20 March 2013.
- Ends -
RNS
RNS Number : 9432Z
GVC Holdings PLC
13 March 2013
Press Release
13 March 2013
GVC Holdings PLC
("GVC" or the "Group")
Statement re: Mix and Match Facility
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, notes the recent announcement ("Announcement") relating to the results of elections under the Mix and Match Facility released earlier today by Sportingbet plc.
The Announcement reported, inter alia, that under the Mix and Match Facility valid Elections to receive the consideration under the Offer in New GVC Shares were received in respect of 132,291,195 Sportingbet Shares. As a result, all valid Elections under the Mix and Match Facility to receive the consideration under the Offer in New GVC Shares will be scaled back and such Elections will be satisfied as to approximately 73.87 per cent. of the Election.
Kenneth Alexander, Chief Executive Officer of GVC Holdings plc, commented: "The Board of GVC is delighted to see that so many Sportingbet shareholders have elected to receive their consideration in GVC shares. GVC's strategy of delivering shareholder value through dividends is one that the Group is committed to and the GVC Board believes that the Enlarged Group has an exciting future once the businesses have been successfully integrated."
Further to GVC's announcement on 21 February 2013, and subject to the Scheme becoming effective on 19 March 2013, it is expected that admission of the Existing GVC Shares will be cancelled and that the Enlarged Issued Share Capital of GVC will be re-admitted to AIM at 8.00 a.m. on 20 March 2013. Dealing in GVC Shares is expected to commence on AIM at 8.00 a.m. on 20 March 2013.
- Ends -
3 monkies - 13 Mar 2013 16:48 - 21 of 404
These and Thomas Cook have done well today - they would as I don't hold either. ha!
dreamcatcher
- 14 Mar 2013 13:14
- 22 of 404
Result of Reduction Court Hearing
RNS
RNS Number : 0189A
Sportingbet PLC
14 March 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
14 March 2013
Recommended Offer for Sportingbet plc by William Hill Australia Pty Limited, a wholly owned subsidiary of William Hill plc, and GVC Holdings plc to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 (the "Offer")
Result of Reduction Court Hearing
The Board of Sportingbet plc is pleased to announce that at the Reduction Court Hearing this morning, the Court gave its confirmation to the Reduction of Capital required to implement the Scheme.
Next Steps
All of the conditions set out in the Scheme Document published on 25 January 2013 have now been satisfied, other than the delivery to the Registrar of Companies of a copy of the Reduction Court Order and the associated statement of capital and the agreement of the London Stock Exchange to admit or re-admit (as applicable) the GVC Shares to trading on AIM (subject only to the Scheme becoming Effective and/or the allotment of the New GVC Shares). It is anticipated that the Scheme will become effective on or around 19 March 2013. Further details of the expected timetable of principal events are set out below.
Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Scheme Document published on 25 January 2013.
A copy of this announcement will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhillplc.com and GVC at www.GVC-plc.com.
RNS
RNS Number : 0189A
Sportingbet PLC
14 March 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
14 March 2013
Recommended Offer for Sportingbet plc by William Hill Australia Pty Limited, a wholly owned subsidiary of William Hill plc, and GVC Holdings plc to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 (the "Offer")
Result of Reduction Court Hearing
The Board of Sportingbet plc is pleased to announce that at the Reduction Court Hearing this morning, the Court gave its confirmation to the Reduction of Capital required to implement the Scheme.
Next Steps
All of the conditions set out in the Scheme Document published on 25 January 2013 have now been satisfied, other than the delivery to the Registrar of Companies of a copy of the Reduction Court Order and the associated statement of capital and the agreement of the London Stock Exchange to admit or re-admit (as applicable) the GVC Shares to trading on AIM (subject only to the Scheme becoming Effective and/or the allotment of the New GVC Shares). It is anticipated that the Scheme will become effective on or around 19 March 2013. Further details of the expected timetable of principal events are set out below.
Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Scheme Document published on 25 January 2013.
A copy of this announcement will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhillplc.com and GVC at www.GVC-plc.com.
dreamcatcher
- 19 Mar 2013 15:59
- 23 of 404
GVC completes acquisition of Sportingbet
RNS
RNS Number : 3755A
GVC Holdings PLC
19 March 2013
Press Release
19 March 2013
GVC Holdings PLC
("GVC" or the "Group")
GVC completes acquisition of Sportingbet
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, is pleased to announce that the Group has today completed the acquisition of Sportingbet plc. The acquisition was made as part of a recommended offer for Sportingbet by GVC and William Hill plc. William Hill plc has acquired Sportingbet's Australian business and has been granted a call option over Sportingbet's Spanish business.
Kenneth Alexander, Chief Executive Officer of GVC Holdings plc, commented: "The acquisition of Sportingbet is a transformational deal. It consolidates GVC's position as one of the leading operators in these markets and should provide scope for considerable growth.
"Over the next 18 months, the GVC Board will be focused on integrating and restructuring the Sportingbet business and leveraging its market leading sportsbook platform and trading team. We look forward to working with our new colleagues and believe that the Enlarged Group has an exciting future."
It is expected that admission of the Existing GVC Shares will be cancelled and that the Enlarged Issued Share Capital of GVC will be re-admitted to AIM at 8.00 a.m. on 20 March 2013. Dealing in GVC Shares is expected to commence on AIM at 8.00 a.m. on 20 March 2013.
- Ends -
Final results Tues 26th March
RNS
RNS Number : 3755A
GVC Holdings PLC
19 March 2013
Press Release
19 March 2013
GVC Holdings PLC
("GVC" or the "Group")
GVC completes acquisition of Sportingbet
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, is pleased to announce that the Group has today completed the acquisition of Sportingbet plc. The acquisition was made as part of a recommended offer for Sportingbet by GVC and William Hill plc. William Hill plc has acquired Sportingbet's Australian business and has been granted a call option over Sportingbet's Spanish business.
Kenneth Alexander, Chief Executive Officer of GVC Holdings plc, commented: "The acquisition of Sportingbet is a transformational deal. It consolidates GVC's position as one of the leading operators in these markets and should provide scope for considerable growth.
"Over the next 18 months, the GVC Board will be focused on integrating and restructuring the Sportingbet business and leveraging its market leading sportsbook platform and trading team. We look forward to working with our new colleagues and believe that the Enlarged Group has an exciting future."
It is expected that admission of the Existing GVC Shares will be cancelled and that the Enlarged Issued Share Capital of GVC will be re-admitted to AIM at 8.00 a.m. on 20 March 2013. Dealing in GVC Shares is expected to commence on AIM at 8.00 a.m. on 20 March 2013.
- Ends -
Final results Tues 26th March
dreamcatcher
- 22 Mar 2013 13:00
- 24 of 404
up 7.91%
dreamcatcher
- 25 Mar 2013 09:22
- 25 of 404
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES - 4 million shares purchased
http://www.moneyam.com/action/news/showArticle?id=4560934
http://www.moneyam.com/action/news/showArticle?id=4560934
dreamcatcher
- 26 Mar 2013 07:16
- 26 of 404
Preliminary Results and Trading Update
Highlights
•
Acquisition of Sportingbet plc completed on 19 March 2013
•
Total revenues for 2012 rose 34% to €59.6 million (2011: €44.3 million), another year of increased revenues
•
2012 Clean *EBITDA increased by 84% to €15.5 million (2011: €8.4 million)
•
30% increase in dividend in the year: 11€cents paid in May 2012 (May 2011: 10€cents) and 15€cents paid in November 2012 (November 2011: 10€cents)
All four operational aims achieved in period:
· build revenues and profits from B2B operations
· achieve a step-change in Latin American revenue growth
· stabilise profits from CasinoClub
· position GVC as an acquirer of businesses within the sector
Trading Update (83 day period to 24 March 2013) - GVC excluding Sportingbet
•
27% increase in average pro forma daily revenues to €348k (2012: €273k)
•
34% increase in B2B pro forma daily revenues to €230k (2012: €171k)
•
15% increase in B2C daily revenues to €118k (2012: €102k)
* Earnings before interest, taxation, depreciation, amortisation, share option charges and exceptional items
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "The Board is pleased to report that not only was 2012 another period of increased financial performance and returns for shareholders, but that on 19 March 2013 we completed the most significant deal in the Group's history. The acquisition of Sportingbet enhances our current market position and provides potential for considerable growth, as well as laying the foundations for future transactions.
"The Group met all of its key operational objectives during the period and has seen a significant increase in revenues in the B2B division in its first full year of operation. Betboo's revenues increased by 17% to €10.3 million and the profitability of CasinoClub was maintained as planned.
"The Board is pleased with the strong start to the current financial year in terms of trading, and looking ahead we will integrate and restructure the Sportingbet retained business over the coming 12 months. We are confident that the Group is well positioned for the future, with its portfolio of brands now including Sportingbet serving numerous markets"
http://www.moneyam.com/action/news/showArticle?id=4561673
Highlights
•
Acquisition of Sportingbet plc completed on 19 March 2013
•
Total revenues for 2012 rose 34% to €59.6 million (2011: €44.3 million), another year of increased revenues
•
2012 Clean *EBITDA increased by 84% to €15.5 million (2011: €8.4 million)
•
30% increase in dividend in the year: 11€cents paid in May 2012 (May 2011: 10€cents) and 15€cents paid in November 2012 (November 2011: 10€cents)
All four operational aims achieved in period:
· build revenues and profits from B2B operations
· achieve a step-change in Latin American revenue growth
· stabilise profits from CasinoClub
· position GVC as an acquirer of businesses within the sector
Trading Update (83 day period to 24 March 2013) - GVC excluding Sportingbet
•
27% increase in average pro forma daily revenues to €348k (2012: €273k)
•
34% increase in B2B pro forma daily revenues to €230k (2012: €171k)
•
15% increase in B2C daily revenues to €118k (2012: €102k)
* Earnings before interest, taxation, depreciation, amortisation, share option charges and exceptional items
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "The Board is pleased to report that not only was 2012 another period of increased financial performance and returns for shareholders, but that on 19 March 2013 we completed the most significant deal in the Group's history. The acquisition of Sportingbet enhances our current market position and provides potential for considerable growth, as well as laying the foundations for future transactions.
"The Group met all of its key operational objectives during the period and has seen a significant increase in revenues in the B2B division in its first full year of operation. Betboo's revenues increased by 17% to €10.3 million and the profitability of CasinoClub was maintained as planned.
"The Board is pleased with the strong start to the current financial year in terms of trading, and looking ahead we will integrate and restructure the Sportingbet retained business over the coming 12 months. We are confident that the Group is well positioned for the future, with its portfolio of brands now including Sportingbet serving numerous markets"
http://www.moneyam.com/action/news/showArticle?id=4561673
dreamcatcher
- 26 Mar 2013 14:28
- 27 of 404
..
GVC plans big cuts to Sportingbet cost base
By Keith Weir | Reuters – 4 hours ago.. .
LONDON (Reuters) - Online gaming group GVC Holdings plans to cut costs at the Sportingbet (LSE: 4482.L - news) businesses it acquired earlier this month to bring them to break even by next year.
Some of the 200 people employed by Sportingbet in its London office will lose their jobs and the new owners are also unlikely to renew a shirt sponsorship deal with English second tier football club Wolverhampton Wanderers.
"We will be ripping out substantial amounts of central cost from Sportingbet," GVC CEO Kenneth Alexander told Reuters.
"All sponsorships are under review," he added.
GVC, listed on the AIM market, was the junior partner in a 485 million pound deal completed this month with leading bookmaker William Hill (Other OTC: WIMHF - news) to buy online gambling group Sportingbet.
William Hill is taking on the Australian and Spanish assets, while GVC will acquire Sportingbet's operations in 24 countries in an agreement that cost it around 31 million pounds.
"It is our aim by 2014 to get Sportingbet to break even or better," said Finance Officer Richard Cooper. Takeover documents refer to restructuring costs of up to 24 million euros as GVC cuts the overheads it acquired with Sportingbet.
GVC had to pay Sportingbet 27.3 million euros in 2012 relating to its acquisition the previous year of the company's Turkish operations and these payments will now cease.
The latest deal enabled GVC to expand in Britain, Greece and eastern European markets including Czech Republic, Poland and Russia.
GVC is more willing than larger rivals to operate in markets where licensing regulations are less clear cut and regulatory risks consequently higher.
GVC, whose brands include Casino Club and Betboo, said EBITDA profit rose 84 percent to 15.5 million euros in 2012.
Revenues were up 34 percent to 59.6 million euros.
The company has no plans to join the main stock exchange, citing higher costs which it said would reduce returns to its shareholders.
(Writing by Keith Weir, editing by Kate Holton)
GVC plans big cuts to Sportingbet cost base
By Keith Weir | Reuters – 4 hours ago.. .
LONDON (Reuters) - Online gaming group GVC Holdings plans to cut costs at the Sportingbet (LSE: 4482.L - news) businesses it acquired earlier this month to bring them to break even by next year.
Some of the 200 people employed by Sportingbet in its London office will lose their jobs and the new owners are also unlikely to renew a shirt sponsorship deal with English second tier football club Wolverhampton Wanderers.
"We will be ripping out substantial amounts of central cost from Sportingbet," GVC CEO Kenneth Alexander told Reuters.
"All sponsorships are under review," he added.
GVC, listed on the AIM market, was the junior partner in a 485 million pound deal completed this month with leading bookmaker William Hill (Other OTC: WIMHF - news) to buy online gambling group Sportingbet.
William Hill is taking on the Australian and Spanish assets, while GVC will acquire Sportingbet's operations in 24 countries in an agreement that cost it around 31 million pounds.
"It is our aim by 2014 to get Sportingbet to break even or better," said Finance Officer Richard Cooper. Takeover documents refer to restructuring costs of up to 24 million euros as GVC cuts the overheads it acquired with Sportingbet.
GVC had to pay Sportingbet 27.3 million euros in 2012 relating to its acquisition the previous year of the company's Turkish operations and these payments will now cease.
The latest deal enabled GVC to expand in Britain, Greece and eastern European markets including Czech Republic, Poland and Russia.
GVC is more willing than larger rivals to operate in markets where licensing regulations are less clear cut and regulatory risks consequently higher.
GVC, whose brands include Casino Club and Betboo, said EBITDA profit rose 84 percent to 15.5 million euros in 2012.
Revenues were up 34 percent to 59.6 million euros.
The company has no plans to join the main stock exchange, citing higher costs which it said would reduce returns to its shareholders.
(Writing by Keith Weir, editing by Kate Holton)
dreamcatcher
- 28 Mar 2013 19:42
- 28 of 404
A buy in this weeks IC - Such the potential of the sportingbet deal that GVC'S shares, trading on a modest forwardv PE ratio of seven and underpinned by an attractive 7.4 dividend yield, continue to rate a buy even after a steller run in the past year.
dreamcatcher
- 03 Apr 2013 16:04
- 29 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 294.80. Over this period, the share price is up 92.95%.
dreamcatcher
- 04 Apr 2013 17:45
- 30 of 404
In this weeks Shares mag - Jackpot awaits GVC
Shares in online gambling provider GVC could rise by more than 40% in 12 months, according to analysts. Such a gain would provide investors with attractive capital appreciation on top of an already generous dividend stream. The £157m cap is primed for a rerating driven by efforts to cut costs out of assets acquired from Sportingbet. Its task is to get the loss-making Sportingbet operations to break-even within the next twelve months and sustain the strong growth momentum generated by its existing operations. GVC looks cheap relative to its impressive earnings growth profile . It trades on 6.98 times forecast earnings for2013 and 4.7 times for 2014 estimates. House broker Daniel Stewart sees the share price hitting 368p in 12 months time and 457p by the end of 2014. It reckons pre-tax profit will jump from £10.7m in 2012 to £24.4m this year and £41.6m in 2014. The business is highly cash generative and pays a minimum 75% of net operating cashflow in dividends.
Having temporarily altered the pace of dividends during the acquisition of the Sportingbet assets- the deal completed on 19 March GVC says it will recommence quarterly payments from November, A forecast payout of 26c (22p) in 2013 equatest 8.6% yield.
GVC has inherited the ParadisePoker brand from Sportingbet, one of the biggest names in US online gambling until the market shut up shop in 2006. With growing signs the US market is about to reopen, the brand suddenly has enhanced value. GVC says it has no intentions of going to the US, so a brand sale could be on the cards.
Shares in online gambling provider GVC could rise by more than 40% in 12 months, according to analysts. Such a gain would provide investors with attractive capital appreciation on top of an already generous dividend stream. The £157m cap is primed for a rerating driven by efforts to cut costs out of assets acquired from Sportingbet. Its task is to get the loss-making Sportingbet operations to break-even within the next twelve months and sustain the strong growth momentum generated by its existing operations. GVC looks cheap relative to its impressive earnings growth profile . It trades on 6.98 times forecast earnings for2013 and 4.7 times for 2014 estimates. House broker Daniel Stewart sees the share price hitting 368p in 12 months time and 457p by the end of 2014. It reckons pre-tax profit will jump from £10.7m in 2012 to £24.4m this year and £41.6m in 2014. The business is highly cash generative and pays a minimum 75% of net operating cashflow in dividends.
Having temporarily altered the pace of dividends during the acquisition of the Sportingbet assets- the deal completed on 19 March GVC says it will recommence quarterly payments from November, A forecast payout of 26c (22p) in 2013 equatest 8.6% yield.
GVC has inherited the ParadisePoker brand from Sportingbet, one of the biggest names in US online gambling until the market shut up shop in 2006. With growing signs the US market is about to reopen, the brand suddenly has enhanced value. GVC says it has no intentions of going to the US, so a brand sale could be on the cards.
dreamcatcher
- 05 Apr 2013 07:08
- 31 of 404
3 monkies - 05 Apr 2013 07:12 - 32 of 404
Looks like you are on a winner here dc. Better than my opay and our rrl. gl.
dreamcatcher
- 05 Apr 2013 17:25
- 33 of 404
Sorry for the late reply 3m, this one does look good. Even up today.
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 305.00. Over this period, the share price is up 100.67%.
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 305.00. Over this period, the share price is up 100.67%.
dreamcatcher
- 12 Apr 2013 14:58
- 34 of 404
I see in IC Lee Feldman (ch) purchased 15,ooo shares at 289 - £43,350 on 3 Apr
dreamcatcher
- 13 Apr 2013 18:01
- 35 of 404
Shares mag has a target price of 450p
3 monkies - 13 Apr 2013 18:07 - 36 of 404
£4.50 still won't reach what my friend paid for them years ago, at least they are on their way up which is good for all who got in at a low price gl.
dreamcatcher
- 13 Apr 2013 18:46
- 37 of 404
She/He must of purchased in 2005 as that was the year they have only been above 450p and slowly dropped from around 850p at about that time.
3 monkies - 13 Apr 2013 20:14 - 38 of 404
As I said it was years ago dc. In fact if could have been even more than £5. She has been - waiting a long time as with a lot of others eg. Netellar now known as OPAY. Believe me I know. I was lucky only bought into OPAY at £183. something and somewhere I stated which year I got them at that. A long hall it has been for some. As I said gl.
dreamcatcher
- 15 Apr 2013 17:43
- 39 of 404
dreamcatcher
- 08 May 2013 07:05
- 40 of 404
AGM Trading Update
RNS
RNS Number : 1337E
GVC Holdings PLC
08 May 2013
Press Release
8 May 2013
GVC Holdings PLC
("GVC" or the "Group")
AGM Trading Update
GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held at 11 a.m. today in the Isle of Man.
The Board confirms that trading across all of the Group's brands is in line with market expectations for the current financial year. As previously outlined, the management team remain very focused on the planned restructuring of the Sportingbet brand since its acquisition in March this year and the integration is proceeding as anticipated. The Group will issue a more detailed trading update to the market in the first week of July 2013.
- Ends -
dreamcatcher
- 09 May 2013 17:27
- 41 of 404
Director Deals - GVC Holdings Plc (GVC)
BFN
Kenny Alexander, Chief Executive Officer, bought 87,000 shares in the company on the 9th May 2013 at a price of 287.50p. The Director now holds 400,333 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
dreamcatcher
- 10 May 2013 16:11
- 42 of 404
Starting to move this aft.
3 monkies - 10 May 2013 17:05 - 43 of 404
A nice rise today for you dc., again I wish my opay would move instead of dropping -ahhhhhh.
dreamcatcher
- 12 May 2013 16:22
- 44 of 404
Thanks 3m. Sorry I did not reply earlier.
dreamcatcher
- 16 May 2013 10:25
- 45 of 404
A buy in this weeks shares mag . Director buys at the start of the month. Starting to re-rate.
dreamcatcher
- 16 May 2013 20:18
- 46 of 404
More from this weeks shares mag - GVC boss joins the rally. Chief exec officer snaps up shares even as they trade at seven-year high. With a prospective 8.1% dividend yield, online gaming provider GVC is one of the junior markets biggest payers. While such a high yield is normally cause for concern, we are comforted by dividend cover of 1.7 times, according to 2013 consensus forecast earnings. High yields are often a result of share price weakness but this is not the case at GVC.
dreamcatcher
- 01 Jul 2013 15:59
- 47 of 404
dreamcatcher
- 01 Jul 2013 20:38
- 48 of 404
GVC to restore divi earlier than anticipated
StockMarketWire.com
GVC will restore dividend payments earlier than anticipated after making 'material reductions' in the inherited cost base of Sportingbet.
GVC - a leading provider of services to the online gaming industry, - says revenues from the all brands, including Sportingbet, performed well in the six months to the end of June.
GVC says that for Sportingbet, sports wagers increased by 12% and averaged 2.4m per day compared with 2.1m in the corresponding period in 2012; net gaming revenue increased by 8% and averaged 265,000 per day compared with 246,000 a year ago.
The group says the increase in NGR - which is after betting payouts, customer bonuses, betting taxes and chargebacks and in-line with GVC's published accounting policies - is particularly pleasing against the absence of international football competitions (e.g. Euro 2012) in 2013. For GVC, sports wagers increased 9% to 1.5m per day (2012: 1.4m per day), and NGR increased by 17% to 325,000 per day (2012: 277,000 per day). GVC's management has been able to make material reductions in the inherited Sportingbet cost base. By the end of 2013, the inherited Sportingbet cost base should have reduced by close to 40%. The combination of cost-cutting, strong trading and tighter financial management, has meant that GVC is able to pay a dividend of 10.5c per share to shareholders in August this year - an amount higher, and a calendar quarter earlier, than the board anticipated. This brings the total dividends paid to shareholders to 159.5c in the last five years. The dividend will be paid on 1 August to shareholders on the register on 12 July. The shares will go ex-dividend on 10 July. Future dividend payment dates are likely to be at the beginning of the months of November, February, May and August in any given year.
At 8:57am: (LON:GVC) Gaming VC Holdings S.A share price was +12.5p at 296.5p
Story provided by StockMarketWire.com
xlr8 - 02 Jul 2013 09:29 - 49 of 404
This was a strong update and the yield on the restored divi is very healthy. I saw that the CEO has done an interview on BRR Media talking about the announcement http://www.brrmedia.co.uk/event/112833/
dreamcatcher
- 17 Jul 2013 07:06
- 50 of 404
Details of Dividend Payment
RNS
RNS Number : 4720J
GVC Holdings PLC
17 July 2013
Press Release
17 July 2013
GVC Holdings PLC
("GVC" or the "Group")
Details of Dividend Payment
Further to the quarterly dividend announced in the Trading Update issued on 1 July 2013, GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, is pleased to announce that the dividend of 10.5€cents per share will be paid on 1 August 2013 to shareholders on the register on 12 July 2013. As is customary, the dividend will be paid in GBP, which has been locked in at a foreign exchange rate of 1.1582 on 15 July 2013. This mean the gross dividend will be 9.0658 pence per share.
Corporate and investor relations website
GVC is also pleased to announce that the Group's corporate and investor relations website has been updated recently to reflect the enlarged business post the acquisition of Sportingbet which was completed in March 2013. The refreshed website can be viewed at www.gvc-plc.com.
- Ends -
humpback321 - 17 Jul 2013 19:19 - 51 of 404
I bought a few of these a few days ago for the dividend, which for a AIM company is extraordinarily high, paid quarterly, which appears to be sustainable. The chart is good, and the story appears to be good. I believe the directors are paid bonuses connected to the dividend. Watching this closely to probably add before next e/div early November.
dreamcatcher
- 17 Jul 2013 19:26
- 52 of 404
They look good humpback321, see post 46 - re dividend.
dreamcatcher
- 06 Sep 2013 17:47
- 53 of 404
A buy in this weeks Shares - for income, offering a prospective 8.5% yield and paying quarterly dividends.
humpback321 - 07 Sep 2013 20:48 - 54 of 404
Interim results, further update, and announcement of Q3 2013 results, week of 23/9/13. Lower costs ,sporting bet profits anticipated. With good chart, high quarterly dividends, possible, probable, share price increase watch this..........
dreamcatcher
- 20 Sep 2013 14:14
- 55 of 404
Notice of Interim Results
RNS
RNS Number : 5298O
GVC Holdings PLC
20 September 2013
Press Release
20 September 2013
GVC Holdings PLC
("GVC" or the "Company")
Notice of Results
GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, announces that the Company will release its Interim Results for the six months ended 30 June 2013 on Wednesday 25 September 2013.
- Ends -
dreamcatcher
- 24 Sep 2013 21:55
- 56 of 404
Wednesday September 25
INTERIMS
GVC Holdings
INTERIMS
GVC Holdings
dreamcatcher
- 25 Sep 2013 07:11
- 57 of 404
Interim Results and Trading Update
RNS
RNS Number : 8118O
GVC Holdings PLC
25 September 2013
Press Release
25 September 2013
GVC Holdings PLC
("GVC" or the "Group")
Interim Results and Trading Update
GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry,today announces its Interim Results for the six months ended 30 June 2013 and a Trading Update to 22 September 2013.
Interim Highlights
•
Revenues increased by 144% to €72.3 million (H1-2012: €29.6 million)
•
Clean EBITDA* rose by 132% to €17.8 million (H1-2012: €7.7 million)
•
Restructure of Sportingbet nearing completion and now profitable
•
Like-for-like revenues in H1-2013, 8.5% higher than H1-2012
•
EBITDA for full year to be ahead of current market expectations
•
Basic EPS (before exceptional items), €0.330, 100% higher than H1-2012 (€0.165)
•
Dividend of 10.5 €cents per share declared (Dividends for 2013 total 28 €cents)
Trading Update, 84 day period to 22 September 2013 ("Q3-2013")
•
Group revenues up 249% to €516k per day (Q3-2012: €148k)
•
Like-for-like revenues in Q3 up 3.4% on 2012 despite a significantly stronger Euro
•
Sports margin percentage across all products 9.7% in Q3-2013 (Q3-2012: 9.1%)
* Earnings before interest, taxation, depreciation, amortisation, share option charges and exceptional items
** Sportingbet PLC was acquired on 19 March 2013. Under a court approved Scheme of Arrangement, it excluded the Australian business of Sportingbet PLC which was acquired by William Hill PLC. References to Sportingbet in this statement exclude Australia.
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "The Board is pleased to report another period of solid growth, increased profitability and a further dividend for our shareholders. In the first half of 2013, we completed our acquisition of Sportingbet PLC and have since been working hard to turnaround this business and integrate it into the Group. The execution of our strategic plan to restructure and return this business to profitability is near completion and has gone far better than expected. Under GVC's leadership, revenues in the Sportingbet business have increased and by the end of 2013 the Board expects that the inherited cost base will have already been reduced by around 50%. The balance sheet has been completely repaired, the cash burn stopped and this business is now profitable.
"As a result, we are pleased to be able announce today our third dividend of 2013, of 10.5 €cents, which means that the Group will have paid a total dividend of 28 €cents per share to shareholders in 2013. The Group has performed well in the first half of 2013 and continues to trade well in Q3-2013. The Board is therefore confident that market expectations for the current financial year will be exceeded and our confidence in the future is represented in the Group's dividend to shareholders."
- Ends -
humpback321 - 25 Sep 2013 12:28 - 58 of 404
Great results!!! "the board is confident market expectations will be exceeded" and quarterly dividend, ex/div 11/10/13 paid 1/11/13.
dreamcatcher
- 25 Sep 2013 15:42
- 59 of 404
..
GVC says Sportingbet deal paying off
Reuters - UK FocusReuters - UK Focus – 6 hours ago..
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Companies:.
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LONDON, Sept 25 (Reuters) - GVC expects to beat market forecasts this year thanks to rapid progress on restructuring the Sportingbet businesses it bought this year, the online gambling company said on Wednesday.
GVC, listed on the AIM stock market, was the junior partner to William Hill (Other OTC: WIMHY - news) in a 485 million pound ($775.2 million)takeover of online gambling group Sportingbet earlier this year.
GVC acquired Sportingbet's operations in 24 countries for around 31 million pounds, while William Hill took on the businesses in the better regulated markets of Australia and Spain.
"The (Sportingbet) business is now profitable, the cash burn has been stopped and there has been no effect on the revenues," GVC Chief Executive Kenneth Alexander said.
"In fact the revenues over this period have grown so we're delighted with the way with the restucturing has gone.
GVC has cut jobs, cancelled IT projects and ended sponsorships including a shirt deal with English soccer club Wolverhampton Wanderers.
GVC said revenue more than doubled to 72.3 million euros ($97.55 million) in the six months to the end of June, while EBITDA was up by 132 percent to 17.8 million euros.
It will pay an interim dividend of 10.5 cents, making total payment in 2013 so far of 28 cents.
GVC shares, which have risen 55 percent over the past year, slipped 1 percent in early trade to 315p, valuing the company at around 190 million pounds.
Alexander said GVC planned to build on a market-leading position in Latin America during the World Cup in Brazil next year.
"It's the biggest event you can have for marketing a sports book," he said.
$1 = 0.6256 British pounds)
GVC says Sportingbet deal paying off
Reuters - UK FocusReuters - UK Focus – 6 hours ago..
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.
Share
Tweet
....
.
Companies:.
.
.William Hill plc
...
LONDON, Sept 25 (Reuters) - GVC expects to beat market forecasts this year thanks to rapid progress on restructuring the Sportingbet businesses it bought this year, the online gambling company said on Wednesday.
GVC, listed on the AIM stock market, was the junior partner to William Hill (Other OTC: WIMHY - news) in a 485 million pound ($775.2 million)takeover of online gambling group Sportingbet earlier this year.
GVC acquired Sportingbet's operations in 24 countries for around 31 million pounds, while William Hill took on the businesses in the better regulated markets of Australia and Spain.
"The (Sportingbet) business is now profitable, the cash burn has been stopped and there has been no effect on the revenues," GVC Chief Executive Kenneth Alexander said.
"In fact the revenues over this period have grown so we're delighted with the way with the restucturing has gone.
GVC has cut jobs, cancelled IT projects and ended sponsorships including a shirt deal with English soccer club Wolverhampton Wanderers.
GVC said revenue more than doubled to 72.3 million euros ($97.55 million) in the six months to the end of June, while EBITDA was up by 132 percent to 17.8 million euros.
It will pay an interim dividend of 10.5 cents, making total payment in 2013 so far of 28 cents.
GVC shares, which have risen 55 percent over the past year, slipped 1 percent in early trade to 315p, valuing the company at around 190 million pounds.
Alexander said GVC planned to build on a market-leading position in Latin America during the World Cup in Brazil next year.
"It's the biggest event you can have for marketing a sports book," he said.
$1 = 0.6256 British pounds)
humpback321 - 27 Sep 2013 16:06 - 60 of 404
On a roll.
dreamcatcher
- 03 Oct 2013 17:51
- 61 of 404
A buy in Shares today - GVC's winning formula.
Online gambling provider GVC is to step up efforts in Latin America to capitalise on one of its biggest ever revenue opportunities the FIFA World Cup Football tournament in Brazil next summer. GVC claims to have the two biggest online sports betting brands in Latin America, Sportingbet, and Betboo.
Helping its preparatory work is news (25 Sept) that the restructuring of Sportingbet assets, acquired in March, is going better than expected. Chief executive officer Kenneth Alexander reckons the work will be done ahead of schedule, likely by year end. That leads GVC to say full year earnings will beat market expectations.
Online gambling provider GVC is to step up efforts in Latin America to capitalise on one of its biggest ever revenue opportunities the FIFA World Cup Football tournament in Brazil next summer. GVC claims to have the two biggest online sports betting brands in Latin America, Sportingbet, and Betboo.
Helping its preparatory work is news (25 Sept) that the restructuring of Sportingbet assets, acquired in March, is going better than expected. Chief executive officer Kenneth Alexander reckons the work will be done ahead of schedule, likely by year end. That leads GVC to say full year earnings will beat market expectations.
humpback321 - 03 Oct 2013 18:27 - 62 of 404
Ex/div 11/10/13, paid quarterly. A lot going for it. Great chart.
dreamcatcher
- 03 Oct 2013 19:11
- 63 of 404
A buy in IC today as well - GVC
GVC Holdings PLC (GVC:LSE)
(GVC) has always been at the riskier end of the online gaming market with a range of exposure to countries where the laws regulating the market are less than clear. The possibility of a sudden cessation in service is one reason why the gaming company has traditionally traded at huge discounts to the rest of the sector, with a dividend yield that has touched heights of over 20 per cent at certain points during the past few years. Risk, as any good gambler knows, is dependent on probabilities and, while it is true that GVC is never likely to be a widows and orphans share, the operational improvements the company has made since its acquisition of the rump of Sportingbet has opened up an interesting speculative opportunity.
Investors will be most interested in GVC's sector-beating dividend payout. This amounts to 75 per cent of its net profits and there are few companies on the market that can offer a projected yield of 9 per cent without questions arising over its prospects. It would be a pity to overlook GVC's income on that basis, but it might be advisable to diversify the shares alongside more traditional regulated bookmakers in order to leaven out the speculative risk. Buy.
GVC Holdings PLC (GVC:LSE)
(GVC) has always been at the riskier end of the online gaming market with a range of exposure to countries where the laws regulating the market are less than clear. The possibility of a sudden cessation in service is one reason why the gaming company has traditionally traded at huge discounts to the rest of the sector, with a dividend yield that has touched heights of over 20 per cent at certain points during the past few years. Risk, as any good gambler knows, is dependent on probabilities and, while it is true that GVC is never likely to be a widows and orphans share, the operational improvements the company has made since its acquisition of the rump of Sportingbet has opened up an interesting speculative opportunity.
Investors will be most interested in GVC's sector-beating dividend payout. This amounts to 75 per cent of its net profits and there are few companies on the market that can offer a projected yield of 9 per cent without questions arising over its prospects. It would be a pity to overlook GVC's income on that basis, but it might be advisable to diversify the shares alongside more traditional regulated bookmakers in order to leaven out the speculative risk. Buy.
3 monkies - 03 Oct 2013 19:23 - 64 of 404
You are still doing well to what people gave for them when they went tits up so Gl.
dreamcatcher
- 03 Oct 2013 20:03
- 65 of 404
Thanks 3m, any of yours coming right yet?
3 monkies - 03 Oct 2013 21:15 - 66 of 404
Only OPAY and that is up and down like a fiddlers elbow but at least in profit now. Nothing else 52% down overall in everything. Could take some profit out of opay but just sitting on the fence at the moment. I just think all gamers are going to fly in the not too distant future. GL
dreamcatcher
- 03 Oct 2013 21:31
- 67 of 404
Lets hope they do. Off for a weeks break tomorrow . Be looking in but not posting.
dreamcatcher
- 14 Oct 2013 16:26
- 68 of 404
Details of Dividend Payment
RNS
RNS Number : 3726Q
GVC Holdings PLC
14 October 2013
Press Release
14 October 2013
GVC Holdings PLC
("GVC" or the "Group")
Details of Dividend Payment
Further to the interim dividend announced in the Interim Results issued on 25 September 2013, GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, is pleased to announce that the dividend of 10.5€cents per share will be paid on 1 November 2013 to shareholders on the register on 11 October 2013. As is customary, the dividend will be paid in GBP. The foreign exchange rate booked against the 10.5€cents has resulted in a gross dividend of 8.816106 pence per share.
- Ends -
dreamcatcher
- 28 Oct 2013 18:25
- 69 of 404
TR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES
Henderson Global Investors Above 10%
http://www.moneyam.com/action/news/showArticle?id=4694034
Henderson Global Investors Above 10%
http://www.moneyam.com/action/news/showArticle?id=4694034
dreamcatcher
- 14 Nov 2013 20:47
- 70 of 404
In Shares this week, One of six Garp picks, or growth at a reasonable price. Online gambling provider GVC looks cheap on 6.3 times prospective earnings for 2014
david lucas - 15 Nov 2013 08:48 - 71 of 404
Yes I read that too DC am tempted but noted all sells at 351.1 this morning. Need to do a bit of research into fundies first! I like the idea it throws off large chunks of cash.
dreamcatcher
- 21 Nov 2013 18:32
- 72 of 404
Director Dealing
RNS
RNS Number : 6820T
GVC Holdings PLC
21 November 2013
21 November 2013
GVC Holdings PLC
("GVC" or the "Company")
Director Dealing
GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, announces that the Company's Non-Executive Chairman Lee Feldman purchased 10,000 ordinary shares in the Company at a price of £3.52 per share on 20 November 2013. Mr Feldman now holds 98,700 ordinary shares of €0.01 each in the Company, equal to approximately 0.16% of the total issued share capital of the Company
dreamcatcher
- 04 Dec 2013 07:20
- 73 of 404
Trading Update
RNS
RNS Number : 6213U
GVC Holdings PLC
04 December 2013
Press Release
4 December 2013
GVC Holdings PLC
("GVC" or the "Company")
Trading Update
GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, notes the recent announcements made by a number of its peers in the sports betting industry on the matter of recent unfavourable sports results.
The Group's trading has held up extremely well in the first two months of Q4 2013, reinforcing the success of GVC's integration of the Sportingbet business. The sports margin was 8.2% (Q3 2013: 9.4%) despite the "punter-friendly" nature of a number of sports events.
In the first two months of Q4 2013, average wagers per day rose to €4 million per day, up 23% on the prior quarter (Q3 2013 - €3.3 million) and up 12% on October and November in 2012, on a like-for-like basis. Despite the reduction in sports margin percentage, average daily Net Gaming Revenue ("NGR") in the first two months of Q4-2013 rose by 4% to €536k per day from €516k per day in Q3 2013.
The Board of GVC therefore expects the Group's full year results to be at the upper end of analyst's current expectations. The Group anticipates that it will provide a further trading update on Q4 2013 as well as a dividend declaration on Thursday 9 January 2014.
- Ends -
dreamcatcher
- 19 Dec 2013 21:12
- 74 of 404
Being touted by Panmure Gordon for good gains in 2014
dreamcatcher
- 03 Jan 2014 15:35
- 75 of 404
Thursday 9 Jan trading statement
Dil
- 08 Jan 2014 14:11
- 76 of 404
Who owns Sportingbet UK ... these or William Hill ?
dreamcatcher
- 08 Jan 2014 18:01
- 77 of 404
Sorry Dil only just got in and saw your question. Open the link below and have a read.
Sportingbet bosses in line for multi-million pound windfalls after selling company to William Hill
Read more: http://www.thisismoney.co.uk/money/markets/article-2252485/Sportingbet-bosses-line-multi-million-pound-windfalls-selling-company-William-Hill.html#ixzz2ppb192s4
Follow us: @MailOnline on Twitter | DailyMail on Facebook
http://www.thisismoney.co.uk/money/markets/article-2252485/Sportingbet-bosses-line-multi-million-pound-windfalls-selling-company-William-Hill.html
Sportingbet bosses in line for multi-million pound windfalls after selling company to William Hill
Read more: http://www.thisismoney.co.uk/money/markets/article-2252485/Sportingbet-bosses-line-multi-million-pound-windfalls-selling-company-William-Hill.html#ixzz2ppb192s4
Follow us: @MailOnline on Twitter | DailyMail on Facebook
http://www.thisismoney.co.uk/money/markets/article-2252485/Sportingbet-bosses-line-multi-million-pound-windfalls-selling-company-William-Hill.html
dreamcatcher
- 08 Jan 2014 18:12
- 78 of 404
Sold 2500 @380p - £9500. In at 185p . Free run on 2500
halifax - 08 Jan 2014 18:17 - 79 of 404
dc you are far too clever for us mortals, are you related to PP by any chance?
3 monkies - 08 Jan 2014 18:49 - 80 of 404
dc - Have you given up your day job? Well done.
dreamcatcher
- 08 Jan 2014 18:52
- 81 of 404
Thanks 3m. Not a good day today stock wise, a lot falling.
Dil
- 08 Jan 2014 20:15
- 82 of 404
Cheers DC.
UK management seem switched on ... they banned me :-)
Should be a good year for the bookies with the World Cup coming.
UK management seem switched on ... they banned me :-)
Should be a good year for the bookies with the World Cup coming.
dreamcatcher
- 08 Jan 2014 20:16
- 83 of 404
?
dreamcatcher
- 08 Jan 2014 20:16
- 84 of 404
Why
Dil
- 08 Jan 2014 20:21
- 85 of 404
Trading decision they said ... industry speak for we don't want your sort here cos we don't like arbers and people taking the pee out of our offers.
dreamcatcher
- 08 Jan 2014 21:26
- 86 of 404
oh :-))
dreamcatcher
- 09 Jan 2014 07:14
- 87 of 404
js8106455 - 09 Jan 2014 13:44 - 88 of 404
Dil
- 09 Jan 2014 14:28
- 89 of 404
They seem to be doing a good job , even banning me was probably the right decision :-)
Dil
- 10 Jan 2014 16:03
- 90 of 404
I like nice quiet threads like this.
dreamcatcher
- 10 Jan 2014 16:26
- 91 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 402.40. Over this period, the share price is up 48.89%.
Dil
- 10 Jan 2014 16:34
- 92 of 404
It's since the tw*ts banned me :-)
dreamcatcher
- 10 Jan 2014 16:35
- 93 of 404
Even from owning the shares ? :-))
3 monkies - 10 Jan 2014 17:02 - 94 of 404
Another good day for you on here BDEV., GWP also OPAY. my friend is not breaking even on gvc yet but doubled on gwp also doubled on bdev and I am doing nicely with opay, so things are looking up. Taken long enough. gl
dreamcatcher
- 17 Jan 2014 15:25
- 95 of 404
Edison - Having rapidly assimilated the Sportingbet business, GVC’s earnings and dividends are set to rise strongly in 2014. Management has indicated that it is keen to consider further acquisitions that would potentially deliver strong additional synergies. An aggressive dividend payout policy (75% of net cash generated) puts the shares on a 9.9% yield for 2014e, which is highly attractive for those prepared to accept an above average exposure to unregulated online gaming market
The Sportingbet acquisition in 2013 and Turkish B2B deal in 2011 have dramatically increased the scale and diversification of GVC’s business, with 2013e EPS over three times the 2011 level. The deals have both been extremely earnings enhancing. The acquisition means that GVC no longer has to pay a B2B earn-out to Sportingbet, while it is six months ahead of schedule in cutting costs and returning it to profit. The full benefits will come through in 2014, which should also be boosted by the FIFA World Cup in Brazil, where GVC is now the leading online operator.
Strong cash generation underpins rising dividends
The structure of the Sportingbet deal (funded in shares and with a £36.5m capital contribution from William Hill) means that GVC’s cash position has remained very sound (end-2013e free cash of €9.0m versus €6.6m at end 2012). GVC has just released a positive trading update for 2013 and the successful turnaround of Sportingbet underpins our estimate of a further 25% EBITDA growth in 2014e, to €47.0m. Cash conversion is very strong, with estimated net cash generated of €38.0m in 2014e. GVC has already declared 32.5c of dividends in respect of 2013 and we expect a total of at least 44.0c for 2013, rising to 47.0c for 2014e.
Valuation: Attractive yield counters regulatory risks
GVC predominantly operates a dot.com business model and its higher than average exposure to unregulated markets (particularly Turkey) gives it an above average risk profile. The 2014e P/E of 7.0x and EV/EBITDA of 5.9x compares with a peer group average of 13.2x and 9.4x respectively. However, some quoted peers such as Betsson and bwin.party also have sizeable unregulated income streams. Narrowing the discount to 20-25% suggests a share price of 465-495p. For investors prepared to accept the regulatory profile, the high yield and strong cash flows should be very attractive.
The Sportingbet acquisition in 2013 and Turkish B2B deal in 2011 have dramatically increased the scale and diversification of GVC’s business, with 2013e EPS over three times the 2011 level. The deals have both been extremely earnings enhancing. The acquisition means that GVC no longer has to pay a B2B earn-out to Sportingbet, while it is six months ahead of schedule in cutting costs and returning it to profit. The full benefits will come through in 2014, which should also be boosted by the FIFA World Cup in Brazil, where GVC is now the leading online operator.
Strong cash generation underpins rising dividends
The structure of the Sportingbet deal (funded in shares and with a £36.5m capital contribution from William Hill) means that GVC’s cash position has remained very sound (end-2013e free cash of €9.0m versus €6.6m at end 2012). GVC has just released a positive trading update for 2013 and the successful turnaround of Sportingbet underpins our estimate of a further 25% EBITDA growth in 2014e, to €47.0m. Cash conversion is very strong, with estimated net cash generated of €38.0m in 2014e. GVC has already declared 32.5c of dividends in respect of 2013 and we expect a total of at least 44.0c for 2013, rising to 47.0c for 2014e.
Valuation: Attractive yield counters regulatory risks
GVC predominantly operates a dot.com business model and its higher than average exposure to unregulated markets (particularly Turkey) gives it an above average risk profile. The 2014e P/E of 7.0x and EV/EBITDA of 5.9x compares with a peer group average of 13.2x and 9.4x respectively. However, some quoted peers such as Betsson and bwin.party also have sizeable unregulated income streams. Narrowing the discount to 20-25% suggests a share price of 465-495p. For investors prepared to accept the regulatory profile, the high yield and strong cash flows should be very attractive.
dreamcatcher
- 17 Jan 2014 18:03
- 96 of 404
Ex div 3 Feb 9.58p
dreamcatcher
- 09 Apr 2014 07:20
- 97 of 404
Preliminary Results and Trading Update
RNS
RNS Number : 3698E
GVC Holdings PLC
09 April 2014
Press Release
9 April 2014
GVC Holdings PLC
("GVC" or the "Group")
Preliminary Results and Trading Update
GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group,today announces its Preliminary Results for the year ended 31 December 2013 and a Trading Update for its first quarter to 31 March 2014.
Highlights
•
Total Proforma Revenues* increased by 69% to €180.6 million (2012: €107.1 million)
•
Clean EBITDA** rose year-on-year by 148% to €38.3 million, ahead of upgraded market expectations
•
Sportingbet turnaround complete and contributed €4.7 million to 2013 EBITDA
•
EPS (normalised and non-diluted) rose 83% to 58.6 €cents (2012: 32.1 €cents)
•
Quarterly dividend - 11.5 €cents declared plus a special dividend of 4.5 €cents also declared
•
Total dividends declared for 2013 up 120% to 48.5 €cents (2012: 22.0 €cents)
•
Current trading at record levels, NGR exceeded €50 million for Q1 (Q1 2013: €35.6 million)
•
Complex acquisition capabilities proven and GVC looking at a variety of further opportunities
* Assumes revenues from East Pioneer Corporation consolidated from 1 January 2013 to 19 March 2013
** Earnings before interest, taxation, depreciation, amortisation, share option charges and exceptional items
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "Executing the complex acquisition and turnaround of Sportingbet has been a milestone for GVC and has led to greater geographical diversification and a significant increase in profits and dividends. We are now ready for the next stage in our corporate development and further geographic expansion through organic growth and acquisitions. GVC aims to deliver this without diluting the dividend. The Board is confident of meeting current market expectations for the 2014 financial year as underpinned by our proposed dividend of 16 €cents total."
- Ends -
humpback321 - 09 Apr 2014 10:08 - 98 of 404
Exceptional results. Special dividend, ex/div 25/4. Paid 19/5. Dividend paid quarterly. World cup in June will generate extra business. Missed and overlooked by the market, I can see this going a lot higher.
dreamcatcher
- 17 Apr 2014 18:13
- 99 of 404
Shares - Having proved it has the skills to buy and fix troubled businesses, online gambling operator GVC says it is ready to make another acquisition. A repeat of the re-rating it enjoyed from buying Sportingbet assets in March 2013 looks plausible.
dreamcatcher
- 22 Apr 2014 17:34
- 100 of 404
Ex dividend -
23 Apr 2014 GVC Holdings Plc (0.2 EUR)
23 Apr 2014 GVC Holdings Plc (0.2 EUR)
dreamcatcher
- 14 May 2014 07:13
- 101 of 404
Strategic Investment in Scandinavia
RNS
RNS Number : 0358H
GVC Holdings PLC
14 May 2014
Press Release
14 May 2014
GVC Holdings PLC
("GVC" or the "Group")
Strategic Investment in Scandinavia
GVC Holdings PLC (AIM:GVC), announces that it is entering into a joint venture agreement with Betit Securities Limited ("BSL") via a new company known as Betit Holdings Limited ("Betit") in pursuance of its stated objective to make investments and acquisitions whilst not impeding the level of its current dividend.
GVC's upfront commitment is an initial €3.5 million out of free cash flow for a 15 per cent share in the joint venture and is dependent on the granting of approval by the Lotteries & Gaming Association of Malta ("LGA"). GVC will be taking a seat on the board of Betit.
GVC has a call option to acquire the balance of the outstanding shares. The call option can be exercised no earlier than 1 July 2017 and no later than 30 September 2017, and would be subject to further LGA clearance and the AIM Rules. The minimum call option price is €70 million, and the actual price would be determined by the mix of revenues between regulated and non-regulated markets and certain multiples attaching thereto which at our current multiple levels would lead to the transaction being accretive for shareholders.
If GVC decides not to exercise its call option then BSL may require GVC to acquire its shares in Betit at a price determined by the mix of revenues between regulated and non-regulated markets and certain multiples thereof (but absent any floor on the price). Completion of this purchase would be subject to certain conditions including GVC's ability to raise the necessary financing. Should GVC fail to raise the required financing, BSL may acquire GVC's shares in BHL for nominal consideration.
Betit and its management team
BSL is majority owned by Optimizer Invest Ltd, a venture capital business owned and operated by iGaming veterans Henrik Persson, Andre Lavold and Mikael Harstad. Together they have been a part of launching and growing a number of high-value profitable companies including; Nordic Gaming Group, Betsafe.com and BestGames Holdings.
Strategic rationale
The joint venture agreement provides GVC with a strategic entry point into the dynamic and expanding Scandinavian gaming markets in which, to date, GVC and its key brand Sportingbet have had no significant presence. Should the call option be exercised, GVC will have further diversified the Group's geographic revenue mix.
According to estimates by Svenska Spel, the Swedish state-owned gambling company, online gaming turnover in Sweden alone topped SEK 6.2 billion (€750 million) in 2013.
Betit commenced operations in December 2013 and has already achieved average daily revenues in excess of €40k and has around 1,600 players per day.
Betit operates the brands Thrills.com and Superlenny.com and since it started trading has grown rapidly to a team of 60 employees. With a clear focus on product usability, design and service, both Thrills.com and Superlenny.com have seen unparalleled growth in the Nordic markets.
Commenting on the strategic investment, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "GVC's commitment to expansion without undermining the current level of dividend is represented in this investment. The lucrative Scandinavian market has been on our radar for some time and we are delighted to be working with the entrepreneurial team at Betit who have a proven track record in the Scandinavian egaming markets, and have already grown the business from a standing-start five months ago to generating revenues of over €40k per day now. By entering into this joint venture, we believe that GVC can diversify its revenue streams and significantly enhance the future dividend prospects and valuation of the Group for a minimal initial outlay and is similar to what has been achieved through GVC's Betboo acquisition in Latin America."
- Ends -
dreamcatcher
- 14 May 2014 17:26
- 102 of 404
GVC Holdings: Panmure Gordon increases target price from 410p to 480p and keeps a buy recommendation.
mitzy - 22 May 2014 15:32 - 103 of 404
Heading to 500p I reckon.
dreamcatcher
- 22 May 2014 15:34
- 104 of 404
Naked trader likes them as well mitzy.
mitzy - 22 May 2014 16:06 - 105 of 404
So I understand dc.
dreamcatcher
- 22 May 2014 16:11
- 106 of 404
Cheap at £5 he says. :-))
dreamcatcher
- 29 May 2014 16:36
- 107 of 404
Strategic Investment approved by Maltese LGA
RNS
RNS Number : 3296I
GVC Holdings PLC
29 May 2014
Press Release
29 May 2014
GVC Holdings PLC
("GVC" or the "Group")
Strategic Investment approved by Maltese LGA
Further to the announcement made on 14 May 2014, GVC Holdings PLC (AIM:GVC) is pleased to announce that Betit Holdings Limited ("Betit"), the joint venture company that the Group has established with Betit Securities Limited ("BSL"), has now been granted approval by the Lotteries & Gaming Association of Malta ("LGA"). Following LGA approval, GVC has now made its upfront commitment of €3.5 million to Betit.
- Ends -
dreamcatcher
- 18 Jun 2014 21:01
- 108 of 404
The naked Trader today - And GVC (LON:GVC), what a great trade that is turning out to be, that has continued with its upward climb with capital rising and a magnificent dividend too. It's been rising steadily for some time and seems to be no stopping it for now, great profits building.
dreamcatcher
- 26 Jun 2014 18:50
- 109 of 404
Shares - Online gambling GVC is popular among retail investors for its generous quarterly distributions and while a prospective 8.5% yield would normally look too good to be true, the company insists the high cash-generative nature of its business, limited capital expenditure requirements and transparent accounting means the dividend yield is believable.
dreamcatcher
- 15 Jul 2014 07:09
- 110 of 404
dreamcatcher
- 15 Jul 2014 16:29
- 111 of 404
GVC Holdings: Daniel Stewart increases target price to 505p and retains a buy recommendation
dreamcatcher
- 11 Sep 2014 07:15
- 112 of 404
Notice of Interim Results
RNS
RNS Number : 3237R
GVC Holdings PLC
11 September 2014
Press Release
11 September 2014
GVC Holdings PLC
("GVC" or the "Group")
Notice of Interim Results
GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group, today announces that the Group will announce it Interim Results for the six months ended 30 June 2014 on Monday, 22 September 2014.
- Ends -
dreamcatcher
- 19 Sep 2014 19:43
- 113 of 404
Interim Result
22 Sep 14 GVC Holdings Plc [GVC]
22 Sep 14 GVC Holdings Plc [GVC]
skinny
- 22 Sep 2014 08:28
- 114 of 404
Interim Results and Q3 Trading Update
GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group,today announces its Interim Results for the six-months ended 30 June 2014 together with its quarterly dividend and a special dividend.
Dividend
• Quarterly dividend of 12.5 €cents (2013: 10.5 €cents)
• Additional special dividend of 2.5 €cents (2013: nil)
• Total quarterly dividend is 15 €cents, up 43% on same quarter last year (2013: 10.5 €cents)
• Cumulative dividends payable in calendar year 2014, 55 €cents. Total up 96% over prior year (2013: 28 €cents)
Financial highlights
• Wagers up 38% to €694 million (H1-2013: €502 million)
• Sports margin 9.9% (H1-2013: 10.3%)
• Net Gaming Revenue ("NGR") up 44% to €105 million (H1-2013: €73 million)
• Contribution up 25% to €57 million (H1-2013: €46 million)
• Clean EBITDA up 26% to €22.4 million (H1-2013: €17.8 million)
• Strong start to Q3-2014: trading per day, at €628k is 20% higher than Q3-2013 (€523k)
Operational metrics
• A leading operator of in-play markets with over 4,000 concurrent markets
• A market leading sports-trading team generating 10% margin
• Current number of active customers up 22% on prior year
• New depositing customers, 56k in Q3-2014,up 30% on Q3-2013
• Deposits up 22% on Q3-2013
• Enhancement of mobile product and sportsbook planned for 2015
• In-play generating 70% of sports gross margin
• Mobile generating 22% of sportsbook revenues
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "GVC operates in numerous markets in both casino and sports betting and as a group is well diversified and highly cash generative. GVC is now in a very strong position with exciting growth prospects as we continue to develop our market leading in-house sportsbook and mobile platform. The Group remains highly confident for the outcome of this current financial year and this confidence is reflected in the enhanced dividend that we have announced today."
- Ends -
GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group,today announces its Interim Results for the six-months ended 30 June 2014 together with its quarterly dividend and a special dividend.
Dividend
• Quarterly dividend of 12.5 €cents (2013: 10.5 €cents)
• Additional special dividend of 2.5 €cents (2013: nil)
• Total quarterly dividend is 15 €cents, up 43% on same quarter last year (2013: 10.5 €cents)
• Cumulative dividends payable in calendar year 2014, 55 €cents. Total up 96% over prior year (2013: 28 €cents)
Financial highlights
• Wagers up 38% to €694 million (H1-2013: €502 million)
• Sports margin 9.9% (H1-2013: 10.3%)
• Net Gaming Revenue ("NGR") up 44% to €105 million (H1-2013: €73 million)
• Contribution up 25% to €57 million (H1-2013: €46 million)
• Clean EBITDA up 26% to €22.4 million (H1-2013: €17.8 million)
• Strong start to Q3-2014: trading per day, at €628k is 20% higher than Q3-2013 (€523k)
Operational metrics
• A leading operator of in-play markets with over 4,000 concurrent markets
• A market leading sports-trading team generating 10% margin
• Current number of active customers up 22% on prior year
• New depositing customers, 56k in Q3-2014,up 30% on Q3-2013
• Deposits up 22% on Q3-2013
• Enhancement of mobile product and sportsbook planned for 2015
• In-play generating 70% of sports gross margin
• Mobile generating 22% of sportsbook revenues
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings plc, said: "GVC operates in numerous markets in both casino and sports betting and as a group is well diversified and highly cash generative. GVC is now in a very strong position with exciting growth prospects as we continue to develop our market leading in-house sportsbook and mobile platform. The Group remains highly confident for the outcome of this current financial year and this confidence is reflected in the enhanced dividend that we have announced today."
- Ends -
queen1 - 22 Sep 2014 12:04 - 115 of 404
Great chart, great dividend, great share!
humpback321 - 22 Sep 2014 16:07 - 116 of 404
My best ever share.
dreamcatcher
- 27 Sep 2014 16:58
- 117 of 404
22 Sep Daniel Stewart 510.00 Buy
22 Sep Panmure Gordon 480.00 Buy
22 Sep Panmure Gordon 480.00 Buy
humpback321 - 06 Oct 2014 12:44 - 118 of 404
£5 ex/div 9/10 enhanced div.
dreamcatcher
- 06 Oct 2014 16:05
- 119 of 404
dreamcatcher
- 20 Oct 2014 17:43
- 120 of 404
20 Oct Panmure Gordon 533.00 Buy
dreamcatcher
- 07 Dec 2014 12:02
- 121 of 404
W/c 15 DecemberTrading Updatec : GVC Holdings (LON:GVC)
dreamcatcher
- 16 Dec 2014 07:21
- 122 of 404
Trading Update
Trading
· Sixth successive quarter* of revenue growth
· Net Gaming Revenue (NGR) for Q4-2014* to date has averaged €660k per day, up 26% on the Q4-2013
· Mobile Gross Gaming Revenue (GGR*) per day increased to €168k, up 150% on Q4-2013
· Sixth successive quarter* of growth in deposit values, with Q4-2014* being 20% higher than Q4-2013
· Trading is strong across all major territories and brands, reflecting the success of the Company's focus on achieving a World Cup legacy through its brand-building and marketing initiatives over the last year
http://www.moneyam.com/action/news/showArticle?id=4943254
Trading
· Sixth successive quarter* of revenue growth
· Net Gaming Revenue (NGR) for Q4-2014* to date has averaged €660k per day, up 26% on the Q4-2013
· Mobile Gross Gaming Revenue (GGR*) per day increased to €168k, up 150% on Q4-2013
· Sixth successive quarter* of growth in deposit values, with Q4-2014* being 20% higher than Q4-2013
· Trading is strong across all major territories and brands, reflecting the success of the Company's focus on achieving a World Cup legacy through its brand-building and marketing initiatives over the last year
http://www.moneyam.com/action/news/showArticle?id=4943254
dreamcatcher
- 20 Dec 2014 14:04
- 123 of 404
IC - While it's tempting to lock in profits at this stage, there's still value to be had here.
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AIM's biggest dividend payers for 2015
GVC Holdings
Online gaming company GVC (GVC) has one of the most attractive yields on AIM and the successful acquisition and integration of part of Sportingbet has enhanced its prospects. The latest trading statement shows a sixth quarter of revenue growth, helped by an increased contribution from mobile. As well as a regular quarterly dividend there is scope for further special dividends.
The fourth quarter has not ended and net gaming revenues have already passed the third quarter figure. This has been achieved despite a strong third quarter in sports betting due to the World Cup. This was reflected in the special dividend of €0.025 a share that was paid along with the recent quarterly dividend of €0.125 a share. That reflected the one-off benefits of the World Cup, but there is potential for more special dividends when trading is better than expected.
Prospective dividend yield: 8.2% (excluding special dividends)
Market capitalisation: £297.9 million
Share price: 486p
% change year to date: +37%
GVC can still afford to invest in mobile technology and its sportsbook on top of paying the dividend. Most of the company’s trading activities are outside of the UK so it will not be hit as hard as some competitors by the new HMRC tax regime on online gambling. A 2014 profit of €46 million is forecast and a similar outcome is forecast for 2015, which lacks a major sporting event. An unchanged dividend of €0.5 a share would be equivalent to more than two-thirds of forecast earnings.
GVC did stop paying dividends for a short period while it acquired Sportingbet, and that could happen again if a large deal is found. However, one of the main uncertainties about the dividend is movements in the €/£ exchange rate because the dividends are announced in Euros. The first quarter dividend was equivalent to 9.87p a share, while the second quarter dividend was 9.79p a share. At the moment, €0.125 is equivalent to 10p a share, though. Stripping out the special dividends, the full year dividend is equivalent to around 40p a share.
http://www.iii.co.uk/articles/213074/aims-biggest-dividend-payers-2015
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AIM's biggest dividend payers for 2015
GVC Holdings
Online gaming company GVC (GVC) has one of the most attractive yields on AIM and the successful acquisition and integration of part of Sportingbet has enhanced its prospects. The latest trading statement shows a sixth quarter of revenue growth, helped by an increased contribution from mobile. As well as a regular quarterly dividend there is scope for further special dividends.
The fourth quarter has not ended and net gaming revenues have already passed the third quarter figure. This has been achieved despite a strong third quarter in sports betting due to the World Cup. This was reflected in the special dividend of €0.025 a share that was paid along with the recent quarterly dividend of €0.125 a share. That reflected the one-off benefits of the World Cup, but there is potential for more special dividends when trading is better than expected.
Prospective dividend yield: 8.2% (excluding special dividends)
Market capitalisation: £297.9 million
Share price: 486p
% change year to date: +37%
GVC can still afford to invest in mobile technology and its sportsbook on top of paying the dividend. Most of the company’s trading activities are outside of the UK so it will not be hit as hard as some competitors by the new HMRC tax regime on online gambling. A 2014 profit of €46 million is forecast and a similar outcome is forecast for 2015, which lacks a major sporting event. An unchanged dividend of €0.5 a share would be equivalent to more than two-thirds of forecast earnings.
GVC did stop paying dividends for a short period while it acquired Sportingbet, and that could happen again if a large deal is found. However, one of the main uncertainties about the dividend is movements in the €/£ exchange rate because the dividends are announced in Euros. The first quarter dividend was equivalent to 9.87p a share, while the second quarter dividend was 9.79p a share. At the moment, €0.125 is equivalent to 10p a share, though. Stripping out the special dividends, the full year dividend is equivalent to around 40p a share.
http://www.iii.co.uk/articles/213074/aims-biggest-dividend-payers-2015
dreamcatcher
- 24 Dec 2014 08:03
- 124 of 404
Shares - Online gambling company GVC(GVC:AIM) will invest in mobile technology in 2015 but says this cash outflow won't threaten its dividend.Northland Capital suggests the £297.8 million cap which reported its sixth successive quarter of revenue growth on 16 December, could also pay a special dividend.
dreamcatcher
- 07 Jan 2015 20:12
- 125 of 404
W/c 12 JanuaryTrading Update and Announcement of dividend
skinny
- 12 Jan 2015 09:28
- 126 of 404
Pre-close Trading Update
Notice of Preliminary Results for year ended 31 December 2014
GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, today provides the following trading update.
Highlights
· 2014 ended strongly with Net Gaming Revenue ("NGR") exceeding €20.3m for the month of December (€656k per day; up 17% on December 2013 at €535k per day) with a sports margin of 9.9% (December 2013: 9.1%)
· Q4-2014 total NGR €59.4m, €646k per day, up 22% on Q4-2013
· Record level of sports turnover in Q4-2014, Sports wagers exceeded €400m, up 11% on Q4-2013 and up 9% on Q3-2014
· Q4-2014 sports margin, 9.1% (Q4-2013: 8.4%)
· NGR for the year* was €224.6m, up 23% on 2013 with sports margins of 9.8% (2013: 9.6%)
· Third interim dividend declared of 12.5€cents, up 8.7% on 2014
· Strong start to 2015 on exceptional sports margins
* unaudited
Dividend Declaration
Following the continued strong trading, the Board has declared today its third interim dividend of 12.5€cents per share, an increase of 8.7% on the prior year (2014: 11.5€cents), payable on 13 February to shareholders on the register on 23 January 2015.
more...
Notice of Preliminary Results for year ended 31 December 2014
GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, today provides the following trading update.
Highlights
· 2014 ended strongly with Net Gaming Revenue ("NGR") exceeding €20.3m for the month of December (€656k per day; up 17% on December 2013 at €535k per day) with a sports margin of 9.9% (December 2013: 9.1%)
· Q4-2014 total NGR €59.4m, €646k per day, up 22% on Q4-2013
· Record level of sports turnover in Q4-2014, Sports wagers exceeded €400m, up 11% on Q4-2013 and up 9% on Q3-2014
· Q4-2014 sports margin, 9.1% (Q4-2013: 8.4%)
· NGR for the year* was €224.6m, up 23% on 2013 with sports margins of 9.8% (2013: 9.6%)
· Third interim dividend declared of 12.5€cents, up 8.7% on 2014
· Strong start to 2015 on exceptional sports margins
* unaudited
Dividend Declaration
Following the continued strong trading, the Board has declared today its third interim dividend of 12.5€cents per share, an increase of 8.7% on the prior year (2014: 11.5€cents), payable on 13 February to shareholders on the register on 23 January 2015.
more...
dreamcatcher
- 14 Jan 2015 15:44
- 127 of 404
GVC to brief investors in London after raising its dividend
StockMarketWire.com
GVC Holdings (GVC) (GVC.L) [LON.GVC], a multinational sports betting and gaming group which earlier this week announced an increase in its dividend following strong trading, is to brief investors at an event later this month supported by the London Stock Exchange.
It will be part of an investor evening on Wednesday January 28 being organised by Shares Magazine. The event is sponsored by AJ Bell Youinvest.
The presentation from GVC will be given jointly by its chief executive, Kenneth Alexander, and its group finance director, Richard Cooper.
Revealing the increase in the dividend, Mr Alexander commented: "The continued success and growth of the Group is a result of the tremendous efforts from the talented and motivated staff we have at GVC."
The evening will take place at the Novotel Tower Bridge in Pepys Street, London EC3. The investor presentations start at 6.30 p.m.
Investors have the opportunity to register now for free at www.sharesmagazine.co.uk/events
At 12:10pm: (LON:GVC) GVC Holdings Plc share price was +1p at 477.5p
StockMarketWire.com
GVC Holdings (GVC) (GVC.L) [LON.GVC], a multinational sports betting and gaming group which earlier this week announced an increase in its dividend following strong trading, is to brief investors at an event later this month supported by the London Stock Exchange.
It will be part of an investor evening on Wednesday January 28 being organised by Shares Magazine. The event is sponsored by AJ Bell Youinvest.
The presentation from GVC will be given jointly by its chief executive, Kenneth Alexander, and its group finance director, Richard Cooper.
Revealing the increase in the dividend, Mr Alexander commented: "The continued success and growth of the Group is a result of the tremendous efforts from the talented and motivated staff we have at GVC."
The evening will take place at the Novotel Tower Bridge in Pepys Street, London EC3. The investor presentations start at 6.30 p.m.
Investors have the opportunity to register now for free at www.sharesmagazine.co.uk/events
At 12:10pm: (LON:GVC) GVC Holdings Plc share price was +1p at 477.5p
dreamcatcher
- 16 Jan 2015 22:24
- 128 of 404
Shares - Cenkos securities forecasts dividend yield to rise to 8.9% in 2016 and 9.3% in 2017. Revenue is expected to increase from 231.2 million euros in 2015 to 243.3 million euros in 2016 and profit before tax from 44.7 million euros to 48.7 million euros.
dreamcatcher
- 22 Jan 2015 20:21
- 129 of 404
Naked Trader today - GVC (LON:GVC) reported well last week, very strong sales indeed and a wonderful dividend, it went ex today which is why it is down a bit but a nice dividend has arrived in spreadbetting accounts and soon to be in the ISA.
dreamcatcher
- 05 Feb 2015 17:09
- 130 of 404
Naked Trader today - GVC (LON:GVC) came back a bit but part of that was due to going ex-dividend so a nice cash credit is due.
dreamcatcher
- 12 Feb 2015 19:07
- 131 of 404
write up in shares today -
GAMBLING SUMMARY
We don’t like the traditional bookmakers but investors can get both value and income from stocks at the lower end of the spectrum. Smaller online gambling companies like GVC and 32Red continue to offer good growth prospects and attractive dividends.
Despite the doom and gloom this isn’t the time to turn our backs on the sector in its entirety. There are some very attractive gambling stocks out there – such as GVC (GVC:AIM), 32Red (TTR:AIM) and Betfair (BET) – which offer good value and growth prospects.
GAMBLING SUMMARY
We don’t like the traditional bookmakers but investors can get both value and income from stocks at the lower end of the spectrum. Smaller online gambling companies like GVC and 32Red continue to offer good growth prospects and attractive dividends.
Despite the doom and gloom this isn’t the time to turn our backs on the sector in its entirety. There are some very attractive gambling stocks out there – such as GVC (GVC:AIM), 32Red (TTR:AIM) and Betfair (BET) – which offer good value and growth prospects.
Energeticbacker - 23 Mar 2015 11:41 - 132 of 404
Tremendous results for the year ending 31st December 2014 together with news of yet another special dividend.
Net Gaming Revenue (‘NGR’) was up 32% to €225m, clean EBITDA up 28% to €49.2m and profit before tax up 217% to €41.3m. This supports a quarterly dividend raised from 12.5 €cents to 14.0 €cents per share and a further 1.5 €cents per share special dividend, giving a total of 15.5 €cents (11.27p) per share. This results in 2014 dividends of 55.5 €cents (40p) equating to a yield of 8.6% at the current share price.
New free commentary at http://tinyurl.com/kjutl9m
Net Gaming Revenue (‘NGR’) was up 32% to €225m, clean EBITDA up 28% to €49.2m and profit before tax up 217% to €41.3m. This supports a quarterly dividend raised from 12.5 €cents to 14.0 €cents per share and a further 1.5 €cents per share special dividend, giving a total of 15.5 €cents (11.27p) per share. This results in 2014 dividends of 55.5 €cents (40p) equating to a yield of 8.6% at the current share price.
New free commentary at http://tinyurl.com/kjutl9m
dreamcatcher
- 23 Mar 2015 16:35
- 133 of 404
Please Note - Streaming News is only available to subscribers to the Active Level and above
Final Results
RNS
RNS Number : 1106I
GVC Holdings PLC
23 March 2015
GVC Holdings PLC
("GVC" or the "Group")
Preliminary Results for year ended 31 December 2014,
Trading Update for period from 1 January 2015 to 18 March 2015,
Announcement of increased quarterly dividend and special dividend
GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, today announces its Preliminary Results for the year ended 31 December 2014 together with a recommended quarterly dividend and a recommended special dividend.
Dividend and returns to shareholders
•
Quarterly dividend raised from 12.5 €cents to 14.0 €cents per share. In addition we are proposing a further 1.5 €cents per share special dividend, giving a total of 15.5 €cents per share payable 6 May 2015
•
On a "declared" basis, this results in 2014 dividends of 55.5 €cents (2013: 48.5 €cents), an increase of 14.4% over 2013
•
Dividends paid in 2014 amounted to: 68% of Clean EBITDA and 79% of Clean Net Operating Cashflows
•
Total returns to shareholders since the completion of the acquisition of Sportingbet two years ago include a share price rise of over £2.00 and, including today's dividend declaration, total dividends announced of €1.04 per share
2014 Financial highlights
•
Impressive revenue growth resulting from increased marketing and a strong World Cup performance
•
Wagers up 25% to €1,464 million (2013: €1,170 million)
•
Sports Gross Margin 9.8% (2013: 9.6%)
•
Net Gaming Revenue ("NGR") up 32% to €225 million (2013: €170 million)
•
Contribution up 20% to €123 million (2013: €103 million)
•
Clean EBITDA up 28% to €49.2 million (2013: €38.3 million)
•
Profit Before Tax increased 217% to €41.3 million (2013: €13.0 million)
2015 Current Trading (1.1.15 to 18.3.15 "Q1")
•
Deposits up 20% to €1.7million per day
•
Q1-2015 wagers €4,601k per day up 22% on Q1-2014 (€3,765k)
•
Q1-2015 sports gross margin was 8.9% against 10.0% in same period in 2014
•
Q1-2015 NGR €661k per day, up 18% on Q1-2014 (€559k)
•
Q1-2015 in-play revenues rose 19% to €300k per day (Q1-2014 €252k)
Kenneth Alexander, Chief Executive of GVC Holdings PLC, commenting on the results said:
"During 2014 GVC continued to grow NGR, up by 32% in the year; it achieved a 22% EBITDA margin; and distributed 68% of its Clean EBITDA and 79% of its Clean Net Operating Cash by way of dividends. This is an exceptional performance and our growth continues in the broad spread of markets in which we operate. We control our costs very tightly, have highly motivated employees who have financial incentives aligned to shareholders and we are in a strong position to be a consolidator in the industry. I am delighted to announce, yet again, a proposed increase in the quarterly dividend along with a special dividend which in total amounts to a year-on-year increase of 14% in the dividends declared so that shareholders will receive a total of 15.5 €cents in May 2015. GVC has never been in a stronger position and we look forward to 2015 and beyond with confidence."
- Ends -
Final Results
RNS
RNS Number : 1106I
GVC Holdings PLC
23 March 2015
GVC Holdings PLC
("GVC" or the "Group")
Preliminary Results for year ended 31 December 2014,
Trading Update for period from 1 January 2015 to 18 March 2015,
Announcement of increased quarterly dividend and special dividend
GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, today announces its Preliminary Results for the year ended 31 December 2014 together with a recommended quarterly dividend and a recommended special dividend.
Dividend and returns to shareholders
•
Quarterly dividend raised from 12.5 €cents to 14.0 €cents per share. In addition we are proposing a further 1.5 €cents per share special dividend, giving a total of 15.5 €cents per share payable 6 May 2015
•
On a "declared" basis, this results in 2014 dividends of 55.5 €cents (2013: 48.5 €cents), an increase of 14.4% over 2013
•
Dividends paid in 2014 amounted to: 68% of Clean EBITDA and 79% of Clean Net Operating Cashflows
•
Total returns to shareholders since the completion of the acquisition of Sportingbet two years ago include a share price rise of over £2.00 and, including today's dividend declaration, total dividends announced of €1.04 per share
2014 Financial highlights
•
Impressive revenue growth resulting from increased marketing and a strong World Cup performance
•
Wagers up 25% to €1,464 million (2013: €1,170 million)
•
Sports Gross Margin 9.8% (2013: 9.6%)
•
Net Gaming Revenue ("NGR") up 32% to €225 million (2013: €170 million)
•
Contribution up 20% to €123 million (2013: €103 million)
•
Clean EBITDA up 28% to €49.2 million (2013: €38.3 million)
•
Profit Before Tax increased 217% to €41.3 million (2013: €13.0 million)
2015 Current Trading (1.1.15 to 18.3.15 "Q1")
•
Deposits up 20% to €1.7million per day
•
Q1-2015 wagers €4,601k per day up 22% on Q1-2014 (€3,765k)
•
Q1-2015 sports gross margin was 8.9% against 10.0% in same period in 2014
•
Q1-2015 NGR €661k per day, up 18% on Q1-2014 (€559k)
•
Q1-2015 in-play revenues rose 19% to €300k per day (Q1-2014 €252k)
Kenneth Alexander, Chief Executive of GVC Holdings PLC, commenting on the results said:
"During 2014 GVC continued to grow NGR, up by 32% in the year; it achieved a 22% EBITDA margin; and distributed 68% of its Clean EBITDA and 79% of its Clean Net Operating Cash by way of dividends. This is an exceptional performance and our growth continues in the broad spread of markets in which we operate. We control our costs very tightly, have highly motivated employees who have financial incentives aligned to shareholders and we are in a strong position to be a consolidator in the industry. I am delighted to announce, yet again, a proposed increase in the quarterly dividend along with a special dividend which in total amounts to a year-on-year increase of 14% in the dividends declared so that shareholders will receive a total of 15.5 €cents in May 2015. GVC has never been in a stronger position and we look forward to 2015 and beyond with confidence."
- Ends -
dreamcatcher
- 23 Mar 2015 16:36
- 134 of 404
23 Mar Panmure Gordon 586.00 Buy
skinny
- 23 Mar 2015 16:47
- 135 of 404
dreamcatcher
- 26 Mar 2015 21:59
- 136 of 404
Shares - GVC will devote more time to making acquisitions over the next 12 months and has already identified a few potential targets to enhance shareholder value.
dreamcatcher
- 09 Apr 2015 19:13
- 137 of 404
Naked trader - GVC went ex dividend today which is why it is down a bit but some nice cash soon to arrive from that!
dreamcatcher
- 05 May 2015 16:27
- 138 of 404
HARRYCAT
- 15 May 2015 11:50
- 139 of 404
GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, notes the recent press speculation and confirms that it has submitted a proposal with a view to the Group acquiring the entire issued and to be issued share capital of bwin.party digital entertainment plc ("bwin.party").
If the proposed transaction were to complete, it would be treated as a reverse takeover due to the size of bwin.party relative to the Company and, in order for the proposed transaction to proceed, it would require, inter alia, the approval of GVC shareholders.
There can be no certainty that the submission of this proposal will lead to the Company being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition. Further updates will be provided in due course.
If the proposed transaction were to complete, it would be treated as a reverse takeover due to the size of bwin.party relative to the Company and, in order for the proposed transaction to proceed, it would require, inter alia, the approval of GVC shareholders.
There can be no certainty that the submission of this proposal will lead to the Company being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition. Further updates will be provided in due course.
dreamcatcher
- 19 May 2015 16:58
- 140 of 404
Statement re. Press Speculation
RNS
RNS Number : 5740N
GVC Holdings PLC
19 May 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Statement re. Press Speculation
GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, notes recent press speculation. As announced on 15 May 2015, GVC has submitted a proposal with a view to the Group acquiring the entire issued and to be issued share capital of bwin.party digital entertainment plc ("bwin.party"). GVC confirms that the execution of this proposal would be jointly financed by GVC and Amaya, Inc. ("Amaya"). Amaya as at the close of business on 15 May 2015 had a market value of approximately CAD $4.31 billion and is the Toronto Stock Exchange listed owner of gaming and related consumer businesses, with brands including PokerStars, Full Tilt and the European Poker Tour.
There can be no certainty that the submission of this proposal will lead to the Company's proposal being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition. Further updates will be provided in due course.
- Ends -
RNS
RNS Number : 5740N
GVC Holdings PLC
19 May 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Statement re. Press Speculation
GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, notes recent press speculation. As announced on 15 May 2015, GVC has submitted a proposal with a view to the Group acquiring the entire issued and to be issued share capital of bwin.party digital entertainment plc ("bwin.party"). GVC confirms that the execution of this proposal would be jointly financed by GVC and Amaya, Inc. ("Amaya"). Amaya as at the close of business on 15 May 2015 had a market value of approximately CAD $4.31 billion and is the Toronto Stock Exchange listed owner of gaming and related consumer businesses, with brands including PokerStars, Full Tilt and the European Poker Tour.
There can be no certainty that the submission of this proposal will lead to the Company's proposal being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition. Further updates will be provided in due course.
- Ends -
dreamcatcher
- 30 May 2015 20:13
- 141 of 404
Shares - Online sports betting group GVC could grow its share price by 74% if its proposed takeover of rival Bwin.Party goes ahead.
Energeticbacker - 08 Jul 2015 12:56 - 142 of 404
GVC Holdings has issued a positive trading update for the six months to 30 June 2015, along with announcing an increased quarterly dividend of 14.0€cents per share.
The Greek situation is impacting a small part of the business but other market continue to perform well.
New research note at http://www.investorschampion.com/blog/
The Greek situation is impacting a small part of the business but other market continue to perform well.
New research note at http://www.investorschampion.com/blog/
dreamcatcher
- 08 Jul 2015 15:44
- 143 of 404
dreamcatcher
- 09 Jul 2015 11:45
- 144 of 404
Announcement by GVC
RNS
RNS Number : 5618S
bwin.party digital entertainment
09 July 2015
9 July 2015
bwin.party digital entertainment plc
('bwin.party')
Announcement by GVC
The Board of bwin.party confirms that it has received a proposal from GVC Holdings plc ('GVC') to acquire all of the outstanding and to be issued share capital of bwin.party at a price of 110 pence per bwin.party share, comprised of a combination of new GVC shares and cash.
The Board has considered the GVC proposal, the potential benefits of which it believes can accrue to bwin.party shareholders from a combination of the two companies and the commitment shown to resolving a number of transaction-related issues, and has determined to work with GVC so that they can finalise their offer over the coming days.
There can be no guarantee that a formal announcement of a transaction will be made by GVC or any other party, and the Board will make further announcements in due course.
This announcement is being made with the consent of GVC.
RNS
RNS Number : 5618S
bwin.party digital entertainment
09 July 2015
9 July 2015
bwin.party digital entertainment plc
('bwin.party')
Announcement by GVC
The Board of bwin.party confirms that it has received a proposal from GVC Holdings plc ('GVC') to acquire all of the outstanding and to be issued share capital of bwin.party at a price of 110 pence per bwin.party share, comprised of a combination of new GVC shares and cash.
The Board has considered the GVC proposal, the potential benefits of which it believes can accrue to bwin.party shareholders from a combination of the two companies and the commitment shown to resolving a number of transaction-related issues, and has determined to work with GVC so that they can finalise their offer over the coming days.
There can be no guarantee that a formal announcement of a transaction will be made by GVC or any other party, and the Board will make further announcements in due course.
This announcement is being made with the consent of GVC.
dreamcatcher
- 09 Jul 2015 22:33
- 145 of 404
bwin.party remains confident
StockMarketWire.com
bwin.party digital entertainment's gaming revenue in the three months to 30 June was in-line with its expectations and the board remains confident in the full year outlook.
The group says sports turnover was ahead of plan although sports gross win margins were below normalised levels.
Mobile/touch has continued to grow strongly: in June 2015 mobile/touch represented (31%) of total gross gaming revenue (June 2014: 23%) with sports betting at over 50% (June 2014: 37%). The group says non-core asset disposals have already realised over 36m, in-line with its target of 30m to 50m.
Chief executive Norbert Teufelberger said: "Despite challenging comparatives together with the impact of EU VAT and POC tax, we are pleased with our business performance in the first half. We have completed our new organisational set-up and streamlined our decision-making processes, significantly improving our operational performance.
"Sports volumes are ahead of last year despite the 2014 World Cup, although poor sporting results drove gross win margins lower, holding back revenue performance in the period. Casino betting volumes have also remained strong and in poker we are closing the gap on last year. Our bingo revenue was in-line with last year but our UK business now attracts the POC tax that was introduced in December 2014.
"We have made good progress on the disposal of our non-core assets with World Poker Tour, Winners2 and United Games all sold during the second quarter and we have already reached our target range of 30m to 50m of disposal proceeds. As well as generating cash, these disposals are also helping us to reduce the complexity within our business.
"Our shift to a label-led structure is delivering the operational efficiencies we anticipated and we are on course to generate cost savings of at least 15m this year.
"We remain confident about the prospects for the second half and the outlook for our business."
At 8:08am:
(LON:BPTY) bwin.party digital entertainment PLC share price was +2.25p at 101.35p
(LON:GVC) GVC Holdings Plc share price was 0p at 445p
Story provided by StockMarketWire.com
StockMarketWire.com
bwin.party digital entertainment's gaming revenue in the three months to 30 June was in-line with its expectations and the board remains confident in the full year outlook.
The group says sports turnover was ahead of plan although sports gross win margins were below normalised levels.
Mobile/touch has continued to grow strongly: in June 2015 mobile/touch represented (31%) of total gross gaming revenue (June 2014: 23%) with sports betting at over 50% (June 2014: 37%). The group says non-core asset disposals have already realised over 36m, in-line with its target of 30m to 50m.
Chief executive Norbert Teufelberger said: "Despite challenging comparatives together with the impact of EU VAT and POC tax, we are pleased with our business performance in the first half. We have completed our new organisational set-up and streamlined our decision-making processes, significantly improving our operational performance.
"Sports volumes are ahead of last year despite the 2014 World Cup, although poor sporting results drove gross win margins lower, holding back revenue performance in the period. Casino betting volumes have also remained strong and in poker we are closing the gap on last year. Our bingo revenue was in-line with last year but our UK business now attracts the POC tax that was introduced in December 2014.
"We have made good progress on the disposal of our non-core assets with World Poker Tour, Winners2 and United Games all sold during the second quarter and we have already reached our target range of 30m to 50m of disposal proceeds. As well as generating cash, these disposals are also helping us to reduce the complexity within our business.
"Our shift to a label-led structure is delivering the operational efficiencies we anticipated and we are on course to generate cost savings of at least 15m this year.
"We remain confident about the prospects for the second half and the outlook for our business."
At 8:08am:
(LON:BPTY) bwin.party digital entertainment PLC share price was +2.25p at 101.35p
(LON:GVC) GVC Holdings Plc share price was 0p at 445p
Story provided by StockMarketWire.com
dreamcatcher
- 09 Jul 2015 22:38
- 146 of 404
The offers tabled by GVC Holdings and 888 for rival Bwin.party digital entertainment are broadly similar in terms of the implied valuation - about £900m - and the split between cash and shares. So what Bwin's board must now do is value each suitors' paper and weigh the risks involved in each against the other. For some analysts the potential synergies which would accrue from a combination with GVC could be considerable larger.
However, investors in Bwin may be less keen to own part of a company that derives a bigger part of its sales from unregulated jurisdictions. The reverse takeover proposed by GVC would also be more complex. GVC would also need to raise cash to help finance the deal. "GVC appears to have edged ahead, but, whichever wins, Bwin investors tired of the constant disappointments should grab what's on offer with both hands, hold" writes The Times's Tempus.
However, investors in Bwin may be less keen to own part of a company that derives a bigger part of its sales from unregulated jurisdictions. The reverse takeover proposed by GVC would also be more complex. GVC would also need to raise cash to help finance the deal. "GVC appears to have edged ahead, but, whichever wins, Bwin investors tired of the constant disappointments should grab what's on offer with both hands, hold" writes The Times's Tempus.
dreamcatcher
- 12 Jul 2015 18:19
- 147 of 404
Company News
888 to try to win over Bwin.party following GVC bid
Sun, 12 July 2015
(ShareCast News) - Gambling website operator 888 is expected to this week do battle with AIM-listed rival GVC in a bidding war for Bwin.Party.
The gaming provider was reportedly last week impressed by GVC's 110p cash-and-shares offer, but is said to be planning to meet with 888 to discuss a potential rival deal.
According to sources spoken to by the Sunday Times, GVC has been selected as the preferred bidder, but nothing has been finalised so 888 could still convince Bwin to accept its own, slightly lesser offer, based on the stock component and the synergies between the two companies.
GVC's bid has been backed by Canadian group Amaya, which owns Pokerstars.
The newspaper quoted one banker as saying the situation was "still a two-horse race ... neck and neck".
888 to try to win over Bwin.party following GVC bid
Sun, 12 July 2015
(ShareCast News) - Gambling website operator 888 is expected to this week do battle with AIM-listed rival GVC in a bidding war for Bwin.Party.
The gaming provider was reportedly last week impressed by GVC's 110p cash-and-shares offer, but is said to be planning to meet with 888 to discuss a potential rival deal.
According to sources spoken to by the Sunday Times, GVC has been selected as the preferred bidder, but nothing has been finalised so 888 could still convince Bwin to accept its own, slightly lesser offer, based on the stock component and the synergies between the two companies.
GVC's bid has been backed by Canadian group Amaya, which owns Pokerstars.
The newspaper quoted one banker as saying the situation was "still a two-horse race ... neck and neck".
dreamcatcher
- 21 Jul 2015 16:49
- 148 of 404
Update re Offer discussions
RNS
RNS Number : 5750T
GVC Holdings PLC
21 July 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
The directors of GVC note the recent press speculation concerning the Company's proposal to acquire bwin.party digital entertainment plc ("bwin.party") at 110p per bwin.party share comprised of a combination of new GVC shares and cash (as announced on 9th July 2015) and following the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09 per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).
There can be no certainty that an offer for bwin.party will be made by the Company. However, the GVC Board confirms that it is considering the Company's options regarding bwin.party and will update shareholders accordingly.
RNS
RNS Number : 5750T
GVC Holdings PLC
21 July 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
The directors of GVC note the recent press speculation concerning the Company's proposal to acquire bwin.party digital entertainment plc ("bwin.party") at 110p per bwin.party share comprised of a combination of new GVC shares and cash (as announced on 9th July 2015) and following the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09 per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).
There can be no certainty that an offer for bwin.party will be made by the Company. However, the GVC Board confirms that it is considering the Company's options regarding bwin.party and will update shareholders accordingly.
dreamcatcher
- 27 Jul 2015 07:27
- 149 of 404
Update re Offer Discussions
RNS
RNS Number : 1209U
GVC Holdings PLC
27 July 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
The directors of GVC note the recent press speculation concerning a potential proposal by the Company to acquire bwin.party digital entertainment plc ("bwin.party") that has followed the Company's announcement on 21 July 2015 that the GVC Board is considering the Company's options regarding bwin.party. That announcement itself followed the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09p per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).
The GVC Board confirms that the Company has made a proposal to the Board of bwin.party for the acquisition of the entire issued and to be issued share capital of bwin.party, under which bwin.party shareholders would be entitled to receive 122.5p for each bwin.party share, consisting of up to 25p in cash (subject to confirmation by bwin.party that the cash position of bwin.party is as GVC expects based on information received to date), and the balance of the value in new GVC ordinary shares (the "Proposal").
The Company would finance the Proposal via a combination of the issuance of new GVC shares, to bwin.party shareholders, and a €400m senior secured loan provided by affiliates of Cerberus Capital Management, L.P. In addition, the Company intends to raise circa £150m through an equity placing of new GVC shares for cash in order to fund restructuring costs, the refinancing of existing bwin.party debt and for additional working capital purposes. The Company has delivered the relevant documentation, in substantially final form, to the Board of bwin.party.
If a transaction were to be completed, the GVC Board believes that cost reductions exceeding €135 million per annum would be achieved across the enlarged group by the end of 2017.
There can be no certainty that an offer for bwin.party will be made by the Company. GVC reserves the right to amend the cash component of any offer.
The GVC Board will update shareholders in due course.
- Ends -
RNS
RNS Number : 1209U
GVC Holdings PLC
27 July 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
The directors of GVC note the recent press speculation concerning a potential proposal by the Company to acquire bwin.party digital entertainment plc ("bwin.party") that has followed the Company's announcement on 21 July 2015 that the GVC Board is considering the Company's options regarding bwin.party. That announcement itself followed the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09p per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).
The GVC Board confirms that the Company has made a proposal to the Board of bwin.party for the acquisition of the entire issued and to be issued share capital of bwin.party, under which bwin.party shareholders would be entitled to receive 122.5p for each bwin.party share, consisting of up to 25p in cash (subject to confirmation by bwin.party that the cash position of bwin.party is as GVC expects based on information received to date), and the balance of the value in new GVC ordinary shares (the "Proposal").
The Company would finance the Proposal via a combination of the issuance of new GVC shares, to bwin.party shareholders, and a €400m senior secured loan provided by affiliates of Cerberus Capital Management, L.P. In addition, the Company intends to raise circa £150m through an equity placing of new GVC shares for cash in order to fund restructuring costs, the refinancing of existing bwin.party debt and for additional working capital purposes. The Company has delivered the relevant documentation, in substantially final form, to the Board of bwin.party.
If a transaction were to be completed, the GVC Board believes that cost reductions exceeding €135 million per annum would be achieved across the enlarged group by the end of 2017.
There can be no certainty that an offer for bwin.party will be made by the Company. GVC reserves the right to amend the cash component of any offer.
The GVC Board will update shareholders in due course.
- Ends -
dreamcatcher
- 27 Jul 2015 10:50
- 150 of 404
News
Cerberus backs GVC’s Bwin bid
The US firm will provide a debt package for GVC's revised tilt at Bwin.
27 July 2015 by Nicholas Neveling. Permalink.
GVC, the AIM-listed online gaming business, has secured a debt package from US private equity firm Cerberus Capital Management to support a £990m (€1.3bn) bid for Bwin.party.
GVC is competing with rival online gambling business 888, which made a £900m bid for Bwin earlier this month. Bwin agreed to the offer, but said that it would remain open to other deliverable proposals.
GVC has bid for Bwin previously, teaming up with Canadian partner Amaya. The Bwin board favoured the 888 offer over that of GVC and Amaya, who wanted to break up Bwin, which introduced more risk to the transaction.
Cerberus has now stepped in to support GVC, which is set to make an offer of 120 pence per share for Bwin this week, according to The Telegraph. The 888 bid was made at 104 pence a share.
dreamcatcher
- 07 Aug 2015 14:00
- 151 of 404
Update re Offer discussions
RNS
RNS Number : 4344V
GVC Holdings PLC
07 August 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
Further to the announcement made by the Company on 27 July 2015, the directors of GVC note the recent press speculation concerning a proposal by the Company to acquire bwin.party digital entertainment plc ("bwin.party").
The GVC Board confirms that the Company has made a fully funded proposal to the Board of bwin.party for the acquisition of the entire issued and to be issued share capital of bwin.party under which bwin.party shareholders would be entitled to receive, for each bwin.party share, 25p in cash and 0.231 new GVC ordinary shares (the "Proposal"). Based on the closing price of GVC shares on 6 August 2015, the Proposal would represent a value of approximately 125.5p per bwin.party share.
GVC is working closely with bwin.party and its advisers with a view to progressing the remaining open aspects of its Proposal to enable the bwin.party Board to make a full evaluation of the Proposal. GVC anticipates that this work should conclude within the next 5-10 business days.
There can be no certainty that an offer for bwin.party will be made by the Company.
The GVC Board will update shareholders in due course.
- Ends -
dreamcatcher
- 07 Aug 2015 14:00
- 152 of 404
Statement re Possible Offer
RNS
RNS Number : 4357V
bwin.party digital entertainment
07 August 2015
7 August 2015
bwin.party digital entertainment plc
('bwin.party')
GVC Proposal
The Board of bwin.party notes the earlier announcement today made by GVC Holdings PLC ('GVC') and confirms that bwin.party is working closely with GVC and its advisers with a view to progressing certain aspects of the GVC proposal to enable that proposal to be evaluated fully by the bwin.party Board.
There can be no certainty that an offer will be made by GVC for bwin.party.
bwin.party's directors' unanimous recommendation of 888 Holdings plc's offer is unchanged by this announcement.
The bwin.party Board will update shareholders in due course.
RNS
RNS Number : 4357V
bwin.party digital entertainment
07 August 2015
7 August 2015
bwin.party digital entertainment plc
('bwin.party')
GVC Proposal
The Board of bwin.party notes the earlier announcement today made by GVC Holdings PLC ('GVC') and confirms that bwin.party is working closely with GVC and its advisers with a view to progressing certain aspects of the GVC proposal to enable that proposal to be evaluated fully by the bwin.party Board.
There can be no certainty that an offer will be made by GVC for bwin.party.
bwin.party's directors' unanimous recommendation of 888 Holdings plc's offer is unchanged by this announcement.
The bwin.party Board will update shareholders in due course.
dreamcatcher
- 20 Aug 2015 17:45
- 153 of 404
Company News
Thu, 20 August 2015
GVC Holdings ready to up Bwin offer to 130p
(ShareCast News) - Online casino company GVC Holdings is working on an increased offer for larger rival Bwin.party as it looks to crush a competing bid from peer 888 Holdings.
The GVC bid at 130p, up from its previous 124p, will value FTSE 250-listed Bwin at roughly £1.1bn, the Times reported.
Having recommended a cash-and-shares offer from 888 worth 104.75p at Wednesday's closing price, Bwin directors are due to meet this week to decide whether to about-face and recommend GVC's new offer instead.
Even if 888 came back with its own sweetened offer, GVC would not be deterred, sources have suggested.
Thu, 20 August 2015
GVC Holdings ready to up Bwin offer to 130p
(ShareCast News) - Online casino company GVC Holdings is working on an increased offer for larger rival Bwin.party as it looks to crush a competing bid from peer 888 Holdings.
The GVC bid at 130p, up from its previous 124p, will value FTSE 250-listed Bwin at roughly £1.1bn, the Times reported.
Having recommended a cash-and-shares offer from 888 worth 104.75p at Wednesday's closing price, Bwin directors are due to meet this week to decide whether to about-face and recommend GVC's new offer instead.
Even if 888 came back with its own sweetened offer, GVC would not be deterred, sources have suggested.
dreamcatcher
- 22 Aug 2015 22:11
- 154 of 404
dreamcatcher
- 24 Aug 2015 12:11
- 155 of 404
Update re Offer discussions
RNS
RNS Number : 8160W
GVC Holdings PLC
24 August 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
Further to the announcement made by the Company on 7 August 2015, in which the GVC Board confirmed that it had made a fully funded proposal to the Board of bwin.party digital entertainment plc ("bwin.party") for the acquisition of the entire issued and to be issued share capital of bwin.party and which valued each bwin.party share at 25p in cash and 0.231 new GVC ordinary shares, the GVC Board is pleased to confirm that it continues to work closely with bwin.party and its advisers with a view to finalising the open aspects of its Proposal (as defined in the 7 August 2015 announcement).
Since the 7 August 2015 announcement, significant progress has been made and the GVC Board expects to be in a position to resubmit its Proposal to the bwin.party Board in the near future and on the same terms as set out in the 7 August 2015 announcement, having resolved the remaining open issues to both parties' satisfaction. The Company will update shareholders accordingly.
The Proposal values bwin.party at approximately 124p per bwin.party share based on the closing GVC mid-market price on 21 August 2015 of 427p.
There can be no certainty that an offer for bwin.party will be made by the Company.
- Ends -
RNS
RNS Number : 8160W
GVC Holdings PLC
24 August 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Update re Offer discussions
Further to the announcement made by the Company on 7 August 2015, in which the GVC Board confirmed that it had made a fully funded proposal to the Board of bwin.party digital entertainment plc ("bwin.party") for the acquisition of the entire issued and to be issued share capital of bwin.party and which valued each bwin.party share at 25p in cash and 0.231 new GVC ordinary shares, the GVC Board is pleased to confirm that it continues to work closely with bwin.party and its advisers with a view to finalising the open aspects of its Proposal (as defined in the 7 August 2015 announcement).
Since the 7 August 2015 announcement, significant progress has been made and the GVC Board expects to be in a position to resubmit its Proposal to the bwin.party Board in the near future and on the same terms as set out in the 7 August 2015 announcement, having resolved the remaining open issues to both parties' satisfaction. The Company will update shareholders accordingly.
The Proposal values bwin.party at approximately 124p per bwin.party share based on the closing GVC mid-market price on 21 August 2015 of 427p.
There can be no certainty that an offer for bwin.party will be made by the Company.
- Ends -
dreamcatcher
- 24 Aug 2015 12:11
- 156 of 404
Statement re Possible Offer
RNS
RNS Number : 8407W
bwin.party digital entertainment
24 August 2015
24 August 2015
bwin.party digital entertainment plc
('bwin.party')
GVC proposal
The Board of bwin.party notes the earlier announcement today made by GVC Holdings PLC ('GVC') and confirms that bwin.party is continuing to discuss with GVC and its advisers certain aspects of the GVC proposal.
As previously announced, there can be no certainty that an offer will be made by GVC for bwin.party and bwin.party's directors' unanimous recommendation of 888 Holdings plc's offer, that was announced on 17 July 2015, is unchanged by this announcement.
The bwin.party Board will provide a further update as and when appropriate.
RNS
RNS Number : 8407W
bwin.party digital entertainment
24 August 2015
24 August 2015
bwin.party digital entertainment plc
('bwin.party')
GVC proposal
The Board of bwin.party notes the earlier announcement today made by GVC Holdings PLC ('GVC') and confirms that bwin.party is continuing to discuss with GVC and its advisers certain aspects of the GVC proposal.
As previously announced, there can be no certainty that an offer will be made by GVC for bwin.party and bwin.party's directors' unanimous recommendation of 888 Holdings plc's offer, that was announced on 17 July 2015, is unchanged by this announcement.
The bwin.party Board will provide a further update as and when appropriate.
dreamcatcher
- 27 Aug 2015 18:36
- 157 of 404
Statement re Possible Offer
RNS
RNS Number : 2775X
bwin.party digital entertainment
27 August 2015
27 August 2015
bwin.party digital entertainment plc
('bwin.party')
Possible offer from GVC
The Board of bwin.party confirms, further to its discussions with GVC Holdings PLC ('GVC'), that key aspects of GVC's proposal have now been addressed to bwin.party's satisfaction. bwin.party has now asked GVC to clarify, with respect to its proposal, the best terms on which GVC is prepared to make a formal offer to acquire all of the issued and to be issued shares in bwin.party.
Whilst there can be no certainty that an offer will be made by GVC for bwin.party, 888 Holdings plc ('888') has been informed of this development and, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC.
bwin.party's directors' unanimous recommendation of 888's offer, that was announced on 17 July 2015, is unchanged by this announcement.
The Board expects to give a further update concerning these matters on Tuesday, 1st September 2015.
RNS
RNS Number : 2775X
bwin.party digital entertainment
27 August 2015
27 August 2015
bwin.party digital entertainment plc
('bwin.party')
Possible offer from GVC
The Board of bwin.party confirms, further to its discussions with GVC Holdings PLC ('GVC'), that key aspects of GVC's proposal have now been addressed to bwin.party's satisfaction. bwin.party has now asked GVC to clarify, with respect to its proposal, the best terms on which GVC is prepared to make a formal offer to acquire all of the issued and to be issued shares in bwin.party.
Whilst there can be no certainty that an offer will be made by GVC for bwin.party, 888 Holdings plc ('888') has been informed of this development and, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC.
bwin.party's directors' unanimous recommendation of 888's offer, that was announced on 17 July 2015, is unchanged by this announcement.
The Board expects to give a further update concerning these matters on Tuesday, 1st September 2015.
dreamcatcher
- 28 Aug 2015 15:08
- 158 of 404
Interim Results
RNS
RNS Number : 3793X
GVC Holdings PLC
28 August 2015
GVC Holdings PLC
("GVC", the "Company" or the "Group")
Interim Results
GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group, today releases its unaudited interim results for the six months ended 30 June 2015.
Financial highlights*
· Wagers - up 18.6% to €824 million (H1-2014: €694 million)
· Sports Gross Margin - 8.8% (H1-2014: 9.9% )
· Net Gaming Revenue ("NGR") - up 15.1% to €121 million (H1-2014: €105 million)
· Contribution - up 15.3% to €65 million (H1-2014: €57 million)
· Clean EBITDA - up 14.0% to €25.5 million (H1-2014: €22.4 million)
· Total dividend declarations to date - up 5% to 42€cps on the same period in the prior year
· Deposit values - up 18% on H1-2014
· In-play - generating 73% of Sports Gross Margin (H1-2014: 63%)
· Mobile - generating 38% of Sports Gross Gaming Revenue ("GGR") (H1-2014: 22%)
· Adjusted, diluted Earnings Per Share - growth of 25% to 33.3 €cps
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings PLC, said:
"GVC continues to show strong financial performance, with growth in revenue, clean EBITDA and dividends. The Board would like to thank our talented and motivated staff for helping us to maintain this. We are highly confident for the rest of the year.
"With our track record of delivering value through organic growth and acquisitions we are determined that GVC will play an important role in the continuing consolidation of the online gaming sector. We expect to update the market soon about our discussions with bwin.party digital entertainment plc."
- Ends -
RNS
RNS Number : 3793X
GVC Holdings PLC
28 August 2015
GVC Holdings PLC
("GVC", the "Company" or the "Group")
Interim Results
GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group, today releases its unaudited interim results for the six months ended 30 June 2015.
Financial highlights*
· Wagers - up 18.6% to €824 million (H1-2014: €694 million)
· Sports Gross Margin - 8.8% (H1-2014: 9.9% )
· Net Gaming Revenue ("NGR") - up 15.1% to €121 million (H1-2014: €105 million)
· Contribution - up 15.3% to €65 million (H1-2014: €57 million)
· Clean EBITDA - up 14.0% to €25.5 million (H1-2014: €22.4 million)
· Total dividend declarations to date - up 5% to 42€cps on the same period in the prior year
· Deposit values - up 18% on H1-2014
· In-play - generating 73% of Sports Gross Margin (H1-2014: 63%)
· Mobile - generating 38% of Sports Gross Gaming Revenue ("GGR") (H1-2014: 22%)
· Adjusted, diluted Earnings Per Share - growth of 25% to 33.3 €cps
Commenting on the results, Kenneth Alexander, Chief Executive of GVC Holdings PLC, said:
"GVC continues to show strong financial performance, with growth in revenue, clean EBITDA and dividends. The Board would like to thank our talented and motivated staff for helping us to maintain this. We are highly confident for the rest of the year.
"With our track record of delivering value through organic growth and acquisitions we are determined that GVC will play an important role in the continuing consolidation of the online gaming sector. We expect to update the market soon about our discussions with bwin.party digital entertainment plc."
- Ends -
dreamcatcher
- 29 Aug 2015 18:05
- 159 of 404
dreamcatcher
- 30 Aug 2015 17:36
- 160 of 404
Company News
Battle for Bwin.Party heats up ahead of this week's decision
Sun, 30 August 2015
(ShareCast News) - Bwin.Party will this week make its decision about which of its two suitors, 888 and GVC Holdings, it will select.
With 888 looking like it held the lead, the situation was reportedly suddenly turned on its head on Friday with a new offer from GVC, which valued the company at £1bn.
Bwin.Party had recommended its shareholders accept 888's 104.9p-a-share offer, but GVC was later invited to submit its "best terms", having done a lot of work to improve its position.
According to the Sunday Times, one Bwin investor told it: "GVC is trying to scare 888 out of the process, and they are confident."
Another source told it that there was "a change 888 might not come back".
Battle for Bwin.Party heats up ahead of this week's decision
Sun, 30 August 2015
(ShareCast News) - Bwin.Party will this week make its decision about which of its two suitors, 888 and GVC Holdings, it will select.
With 888 looking like it held the lead, the situation was reportedly suddenly turned on its head on Friday with a new offer from GVC, which valued the company at £1bn.
Bwin.Party had recommended its shareholders accept 888's 104.9p-a-share offer, but GVC was later invited to submit its "best terms", having done a lot of work to improve its position.
According to the Sunday Times, one Bwin investor told it: "GVC is trying to scare 888 out of the process, and they are confident."
Another source told it that there was "a change 888 might not come back".
dreamcatcher
- 01 Sep 2015 17:48
- 161 of 404
Offer Update
RNS
RNS Number : 5925X
bwin.party digital entertainment
01 September 2015
1 September 2015
bwin.party digital entertainment plc
('bwin.party')
Offer update
Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC ('GVC'), the Board of bwin.party ('bwin.party') confirms it has also now received a revised proposal from 888 Holdings plc ('888'). This revised proposal is subject to a number of pre-conditions (which can be waived in whole or in part by 888).
The Board of bwin.party is evaluating this proposal, together with that received from GVC, and intends to consult with its key shareholders in the coming days before making a final determination as to which proposal is in the best interests of shareholders. A further announcement will be made in due course.
The Board's unanimous recommendation of 888's offer, which was announced on 17 July 2015, remains unchanged by this announcement. Documentation in respect of this offer was posted to shareholders on 28 August 2015.
RNS
RNS Number : 5925X
bwin.party digital entertainment
01 September 2015
1 September 2015
bwin.party digital entertainment plc
('bwin.party')
Offer update
Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC ('GVC'), the Board of bwin.party ('bwin.party') confirms it has also now received a revised proposal from 888 Holdings plc ('888'). This revised proposal is subject to a number of pre-conditions (which can be waived in whole or in part by 888).
The Board of bwin.party is evaluating this proposal, together with that received from GVC, and intends to consult with its key shareholders in the coming days before making a final determination as to which proposal is in the best interests of shareholders. A further announcement will be made in due course.
The Board's unanimous recommendation of 888's offer, which was announced on 17 July 2015, remains unchanged by this announcement. Documentation in respect of this offer was posted to shareholders on 28 August 2015.
dreamcatcher
- 01 Sep 2015 17:48
- 162 of 404
Offer Update
RNS
RNS Number : 5925X
bwin.party digital entertainment
01 September 2015
1 September 2015
bwin.party digital entertainment plc
('bwin.party')
Offer update
Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC ('GVC'), the Board of bwin.party ('bwin.party') confirms it has also now received a revised proposal from 888 Holdings plc ('888'). This revised proposal is subject to a number of pre-conditions (which can be waived in whole or in part by 888).
The Board of bwin.party is evaluating this proposal, together with that received from GVC, and intends to consult with its key shareholders in the coming days before making a final determination as to which proposal is in the best interests of shareholders. A further announcement will be made in due course.
The Board's unanimous recommendation of 888's offer, which was announced on 17 July 2015, remains unchanged by this announcement. Documentation in respect of this offer was posted to shareholders on 28 August 2015.
RNS
RNS Number : 5925X
bwin.party digital entertainment
01 September 2015
1 September 2015
bwin.party digital entertainment plc
('bwin.party')
Offer update
Further to its announcement on 27 August regarding a proposal from GVC Holdings PLC ('GVC'), the Board of bwin.party ('bwin.party') confirms it has also now received a revised proposal from 888 Holdings plc ('888'). This revised proposal is subject to a number of pre-conditions (which can be waived in whole or in part by 888).
The Board of bwin.party is evaluating this proposal, together with that received from GVC, and intends to consult with its key shareholders in the coming days before making a final determination as to which proposal is in the best interests of shareholders. A further announcement will be made in due course.
The Board's unanimous recommendation of 888's offer, which was announced on 17 July 2015, remains unchanged by this announcement. Documentation in respect of this offer was posted to shareholders on 28 August 2015.
dreamcatcher
- 02 Sep 2015 15:32
- 163 of 404
Company News
GVC would reportedly consider going hostile for Bwin
Wed, 02 September 2015
(ShareCast News) - GVC Holdings is reportedly considering going hostile in the £1bn battle for Bwin.Party Digital Entertainment if the company's board recommends a lower offer from 888 Holdings.
The Times quoted GVC chairman Lee Feldman as saying that the board is "not prepared to walk away" from Bwin and when asked about the possibility of going hostile, he said the GVC had "certainly thought about it".
"We don't see (going hostile) as necessary right now as we're offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn't exclude any strategy," he told the Times.
GVC would reportedly consider going hostile for Bwin
Wed, 02 September 2015
(ShareCast News) - GVC Holdings is reportedly considering going hostile in the £1bn battle for Bwin.Party Digital Entertainment if the company's board recommends a lower offer from 888 Holdings.
The Times quoted GVC chairman Lee Feldman as saying that the board is "not prepared to walk away" from Bwin and when asked about the possibility of going hostile, he said the GVC had "certainly thought about it".
"We don't see (going hostile) as necessary right now as we're offering a higher price and have a better operating track record. That said, we believe GVC should own this asset and we wouldn't exclude any strategy," he told the Times.
dreamcatcher
- 04 Sep 2015 14:23
- 164 of 404
dreamcatcher
- 04 Sep 2015 14:29
- 165 of 404
Company News
GVC trumps 888 Holdings in battle for Bwin
Fri, 04 September 2015
GVC trumps 888 Holdings in battle for Bwin
(ShareCast News) - GVC Holdings has trumped rival 888 Holdings in the battle for online gambling group Bwin.Party Digital Entertainment.
The Sportingbet owner said Bwin has agreed to its offer of 25p in cash and 0.231 new GVC shares, which values the company at around 129.64p per share or £1.12bn.
This represents a 12.5% premium to the closing price of Bwin on 3 September and a 45% premium to the closing price of Bwin on 14 May, which was the last business day before the announcement that it had received proposals.
Bwin's chairman, Philip Yea, said: "In recommending the offer from GVC, the board has taken into account many factors including, but not limited to, the headline value per share and the consideration being offered, the level, timing and deliverability of the financial synergies to be generated and the enlarged group's growth strategy in an increasingly competitive marketplace.
"As a result of these and other factors, including the proven track record of GVC's management team in creating substantial value for shareholders, after a carefully managed and diligent review process, the board has withdrawn its recommendation for the 888 offer and is now advising bwin.party shareholders to vote in favour of the offer from GVC."
888 responded to the news by saying that as a result of its own extensive due diligence on Bwin, it cannot see sufficient value in the company to warrant a revision to its offer.
"Consequently, 888 confirms that it is no longer in discussions regarding the acquisition of Bwin.party," it said.
Bwin put itself up for sale last year and 888 and GVC expressed their interest in the business in May. Since then, the two companies have been engaged in a takeover race, making cash and share offers.
Initially, GVC had teamed up with Canadian poker company Amaya and planned a break-up of Bwin.
Although GVC offered more for Bwin, the board had considered the joint approach too risky and as a result, recommended the takeover by 888.
But determined to get ahead, GVC then ditched Amaya, secured a €400m loan and made an improved bid to Bwin in August.
Last week, Bwin incited asked GVC to make its best formal offer and this was submitted last Friday, while a sweetened bid from 888 was made over the weekend
GVC trumps 888 Holdings in battle for Bwin
Fri, 04 September 2015
GVC trumps 888 Holdings in battle for Bwin
(ShareCast News) - GVC Holdings has trumped rival 888 Holdings in the battle for online gambling group Bwin.Party Digital Entertainment.
The Sportingbet owner said Bwin has agreed to its offer of 25p in cash and 0.231 new GVC shares, which values the company at around 129.64p per share or £1.12bn.
This represents a 12.5% premium to the closing price of Bwin on 3 September and a 45% premium to the closing price of Bwin on 14 May, which was the last business day before the announcement that it had received proposals.
Bwin's chairman, Philip Yea, said: "In recommending the offer from GVC, the board has taken into account many factors including, but not limited to, the headline value per share and the consideration being offered, the level, timing and deliverability of the financial synergies to be generated and the enlarged group's growth strategy in an increasingly competitive marketplace.
"As a result of these and other factors, including the proven track record of GVC's management team in creating substantial value for shareholders, after a carefully managed and diligent review process, the board has withdrawn its recommendation for the 888 offer and is now advising bwin.party shareholders to vote in favour of the offer from GVC."
888 responded to the news by saying that as a result of its own extensive due diligence on Bwin, it cannot see sufficient value in the company to warrant a revision to its offer.
"Consequently, 888 confirms that it is no longer in discussions regarding the acquisition of Bwin.party," it said.
Bwin put itself up for sale last year and 888 and GVC expressed their interest in the business in May. Since then, the two companies have been engaged in a takeover race, making cash and share offers.
Initially, GVC had teamed up with Canadian poker company Amaya and planned a break-up of Bwin.
Although GVC offered more for Bwin, the board had considered the joint approach too risky and as a result, recommended the takeover by 888.
But determined to get ahead, GVC then ditched Amaya, secured a €400m loan and made an improved bid to Bwin in August.
Last week, Bwin incited asked GVC to make its best formal offer and this was submitted last Friday, while a sweetened bid from 888 was made over the weekend
dreamcatcher
- 11 Sep 2015 16:41
- 166 of 404
Director's Declaration
RNS
RNS Number : 8745Y
GVC Holdings PLC
11 September 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Director's Dealings
The Company announces that Lee Feldman, Non-Executive Chairman today purchased 20,400 ordinary shares of €0.01 each in GVC at a price of 405p per share. Following this transaction, Mr Feldman holds 165,957 ordinary shares in the Company, representing approximately 0.27 per cent. of its issued share capital.
- Ends -
RNS
RNS Number : 8745Y
GVC Holdings PLC
11 September 2015
GVC Holdings PLC
("GVC" or the "Group" or the "Company")
Director's Dealings
The Company announces that Lee Feldman, Non-Executive Chairman today purchased 20,400 ordinary shares of €0.01 each in GVC at a price of 405p per share. Following this transaction, Mr Feldman holds 165,957 ordinary shares in the Company, representing approximately 0.27 per cent. of its issued share capital.
- Ends -
dreamcatcher
- 11 Sep 2015 20:14
- 167 of 404
IC - punchy yield stock GVC has revealed it is taking a dividend holiday in 2016 as it prepares to subsume acquisition target Bwin.Party Digital Entertainment. In May the dividend yield was 9 per cent. The payment holiday may be offputting but there is a clear reason for it. Payments could resume sooner than planned meaning holding on makes sense.
dreamcatcher
- 08 Oct 2015 11:47
- 168 of 404
dreamcatcher
- 13 Oct 2015 21:17
- 169 of 404
Director's Dealings
RNS
RNS Number : 1613C
GVC Holdings PLC
13 October 2015
GVC Holdings PLC (the "Company")
Director's Dealings
The Company announces that Richard Cooper, Group Finance Director, has today purchased 13,333 ordinary shares of €0.01 each in the Company ("Ordinary Shares") at a price of 413p per Ordinary Share. Following this transaction, Mr. Cooper holds 15,000 ¹ Ordinary Shares, representing approximately 0.02 per cent. of the Company's issued ordinary share capital.
¹ In addition, Richard Cooper's wife, Mrs P. Mourier Cooper, holds 335,000 Ordinary Shares.
RNS
RNS Number : 1613C
GVC Holdings PLC
13 October 2015
GVC Holdings PLC (the "Company")
Director's Dealings
The Company announces that Richard Cooper, Group Finance Director, has today purchased 13,333 ordinary shares of €0.01 each in the Company ("Ordinary Shares") at a price of 413p per Ordinary Share. Following this transaction, Mr. Cooper holds 15,000 ¹ Ordinary Shares, representing approximately 0.02 per cent. of the Company's issued ordinary share capital.
¹ In addition, Richard Cooper's wife, Mrs P. Mourier Cooper, holds 335,000 Ordinary Shares.
humpback321 - 19 Oct 2015 16:59 - 170 of 404
Can GVC sort out BWIN. We need a management reassurance soon , or this will keep on drifting down as no divi for 2016 anticipated.
humpback321 - 20 Oct 2015 10:14 - 171 of 404
This may not be a done deal. Will BWIN holders want GVC shares at this low price?
dreamcatcher
- 21 Oct 2015 18:32
- 172 of 404
21 Oct Panmure Gordon 484.00 Buy
humpback321 - 29 Oct 2015 13:57 - 173 of 404
Good writeup on GVC in shares mag. ;;; Limited downside upgrade potential , 10% div. in 2017 or sooner;;;
dreamcatcher
- 29 Oct 2015 17:19
- 174 of 404
Cheers humpback321.
Also like from the GVC'S historical and forecast performance chart in Shares, the sales jump and pre-tax profit from 2015 to 2016 and 2017.
Year end / Sales / Pre - tax profit
2015 E / 250.7 m euro / 46.5 m euro
2016 E / 858.2m euro / 141.7 m euro
2017 E / 888.0 m euro / 205.4 m euro
Also like from the GVC'S historical and forecast performance chart in Shares, the sales jump and pre-tax profit from 2015 to 2016 and 2017.
Year end / Sales / Pre - tax profit
2015 E / 250.7 m euro / 46.5 m euro
2016 E / 858.2m euro / 141.7 m euro
2017 E / 888.0 m euro / 205.4 m euro
humpback321 - 19 Nov 2015 16:59 - 175 of 404
After very little news since takeover announcement todays announcement shows the huge amount of work that has been done. Many conditions have been submitted and certain approvals obtained. GVC and BWIN general meetings both on same day 15/11/15 for voting. If ok vote GVC to be admitted to UKLA official list . GVC general meeting 29/1 16. Scheme court hearing 1/2/16. Delisting of BWIN shares dealing of new GVC shares. One interesting piece was approval of BWINs kalixa payments business and BWINs intertrader contracts and spreadbetting business.
dreamcatcher
- 04 Dec 2015 15:37
- 176 of 404
dreamcatcher
- 04 Dec 2015 15:38
- 177 of 404
4 Dec Panmure Gordon 484.00 Buy
dreamcatcher
- 15 Dec 2015 16:14
- 178 of 404
dreamcatcher
- 15 Dec 2015 16:19
- 179 of 404
15 Dec Canaccord... 510.00 Buy
humpback321 - 16 Dec 2015 11:51 - 180 of 404
Yes vote. Share price breakout? Up up and away. Main market here we come. 10% dividend reinstated%? Take over rumours? Do the management qualify for a bonus if the share price is £5 on takeover finalisation? What golden nuggets will they find in BWINs itinary? Property? payment company? Spreadbetting business? Exciting times ahead. I Would expect the share price to be between £5 and £9 in the VERY near future. Negatives would be what will happen when BWINs shares get converted,and gambling intervention and taxes in other countries. By the way, is there any interest in america here? I would like to go to Las Vegas.
dreamcatcher
- 17 Dec 2015 14:51
- 181 of 404
17 Dec Goodbody 525.00 Buy
black bird - 18 Dec 2015 11:48 - 182 of 404
GVC @ 400 B Win worth 128p calculation BB
humpback321 - 05 Jan 2016 11:01 - 183 of 404
A positive trading statement from BWIN today and sale of VISA to benefit GVC. Everything looking positive for takeover . £5 next week £9 next year?
dreamcatcher
- 11 Jan 2016 07:40
- 184 of 404
Trading update
Trading Overview
· Net Gaming Revenue ("NGR") for the year amounted to €247.7 million (€679k per day) up 10.2% on 2014 (€224.8 million, €616k per day),
· NGR in Q4-2015 was €65.5 million (€712k per day) up 10% on Q4-2014 (€59.5 million, €647k per day),
· On a constant currency basis NGR in Q4-2015 was 21.3% higher than in Q4-2014
· Sports wagers for the year amounted to €1.68 billion (€4.6 million per day), up 14.9% on 2014 (€1.46 billion, €4.0 million per day),
· Sports wagers in Q4-2015 amounted to €456 million (€5.0 million per day), up 13.6% on Q4-2014 (€402 million, €4.4 million per day).
Trading Overview
· Net Gaming Revenue ("NGR") for the year amounted to €247.7 million (€679k per day) up 10.2% on 2014 (€224.8 million, €616k per day),
· NGR in Q4-2015 was €65.5 million (€712k per day) up 10% on Q4-2014 (€59.5 million, €647k per day),
· On a constant currency basis NGR in Q4-2015 was 21.3% higher than in Q4-2014
· Sports wagers for the year amounted to €1.68 billion (€4.6 million per day), up 14.9% on 2014 (€1.46 billion, €4.0 million per day),
· Sports wagers in Q4-2015 amounted to €456 million (€5.0 million per day), up 13.6% on Q4-2014 (€402 million, €4.4 million per day).
dreamcatcher
- 11 Jan 2016 09:28
- 185 of 404
11 Jan Panmure Gordon 513.00 Buy
11 Jan Canaccord... 530.00 Buy
11 Jan Canaccord... 530.00 Buy
dreamcatcher
- 14 Jan 2016 14:52
- 186 of 404
dreamcatcher
- 01 Feb 2016 12:59
- 187 of 404
Completion of acquisition of bwin.party
RNS
RNS Number : 6442N
GVC Holdings PLC
01 February 2016
1 February 2016
GVC Holdings PLC
("GVC" or the "Company")
Completion of acquisition of bwin.party
Further to the announcement made by bwin.party earlier today, the Company is pleased to confirm that the Scheme to effect the recommended acquisition of bwin.party by GVC has now become effective in accordance with its terms and the entire issued ordinary share capital of bwin.party is now owned by GVC.
In addition, and further to the announcement made by GVC on 15 December 2015, Admission of GVC's entire issued share capital to the Standard Segment of the Official List and commencement of dealings in GVC Shares on the Main Market is expected to take place on or around 8.00 a.m. tomorrow, 2 February 2016. In accordance with Rule 41 of the AIM Rules for Companies, notice has been given to the London Stock Exchange to cancel the admission of the Company's entire issued share capital on AIM, with such cancellation expected to take effect from 8.00 am on 2 February 2016.
Defined terms used but not defined in this announcement have the meanings set out in the prospectus issued by the Company on 13 November 2015.
RNS
RNS Number : 6442N
GVC Holdings PLC
01 February 2016
1 February 2016
GVC Holdings PLC
("GVC" or the "Company")
Completion of acquisition of bwin.party
Further to the announcement made by bwin.party earlier today, the Company is pleased to confirm that the Scheme to effect the recommended acquisition of bwin.party by GVC has now become effective in accordance with its terms and the entire issued ordinary share capital of bwin.party is now owned by GVC.
In addition, and further to the announcement made by GVC on 15 December 2015, Admission of GVC's entire issued share capital to the Standard Segment of the Official List and commencement of dealings in GVC Shares on the Main Market is expected to take place on or around 8.00 a.m. tomorrow, 2 February 2016. In accordance with Rule 41 of the AIM Rules for Companies, notice has been given to the London Stock Exchange to cancel the admission of the Company's entire issued share capital on AIM, with such cancellation expected to take effect from 8.00 am on 2 February 2016.
Defined terms used but not defined in this announcement have the meanings set out in the prospectus issued by the Company on 13 November 2015.
humpback321 - 02 Feb 2016 09:18 - 188 of 404
£5+ £9 next year?
black bird - 02 Feb 2016 09:54 - 189 of 404
NO divi 2016 resumtion 2017 s/p £ 9 not a mission impossible. BB
humpback321 - 02 Feb 2016 10:05 - 190 of 404
Admission to main market today, AND two great exec. appointments. Possible dividend mid summer? Place your bets ladies and gentlemen.
dreamcatcher
- 02 Feb 2016 20:13
- 191 of 404
Shares - Cenkos’ target price is 892p, implying 75.6% upside.
dreamcatcher
- 05 Feb 2016 15:18
- 192 of 404
5 Feb Numis 700.00 Buy
5 Feb Goodbody N/A Buy
5 Feb Goodbody N/A Buy
humpback321 - 12 Feb 2016 09:58 - 193 of 404
Good writeup in Moneyam.
dreamcatcher
- 15 Feb 2016 12:44
- 194 of 404
15 Feb Citigroup 580.00 Buy
humpback321 - 01 Mar 2016 09:51 - 195 of 404
£5+
humpback321 - 31 Mar 2016 10:13 - 196 of 404
New high £5.09. Results and trading update monday 25th.april 7am.
queen1 - 31 Mar 2016 12:13 - 197 of 404
It hit £5.11 earlier this year.
humpback321 - 14 Apr 2016 14:32 - 198 of 404
New highs today, now at 521.5.
black bird - 15 Apr 2016 12:49 - 199 of 404
pick up the phone and take a profit its so easy, brexit ect. out you may regret
a good RNS = overdue. take the W buffet & hold. BB
a good RNS = overdue. take the W buffet & hold. BB
humpback321 - 19 Apr 2016 09:44 - 200 of 404
£5.27.
dreamcatcher
- 19 Apr 2016 17:02
- 201 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 535.00. Over this period, the share price is up 18.20%.
humpback321 - 25 Apr 2016 10:07 - 202 of 404
Great set of results and an initial jump in share price to £5.48 rising.
dreamcatcher
- 25 Apr 2016 18:44
- 203 of 404
Company News
Mon, 25 April 2016
GVC delivers winning result and starts 2016 in Party mood
(ShareCast News) - GVC Holdings delivered impressive earnings figures for 2015 and has shot off to a strong start for 2016 since completing the acquisition of Bwin.party at the start of February.
For 2015, fully listed GVC, which moved up from AIM and expanded its board on completion of the deal, generated net gaming revenue (NGR) of €248m that represented a 10% on the prior year.
Earnings before interest, tax, depreciation and amortisation also climbed 10% to a record €54.1m - well ahead of the market's €52m expectations. Meanwhile Bwin delivered €108.5m EBITDA, against a forecast €98.5m.
On profit before tax up 21% to €50.0m, earnings per share before exceptional items rose by the same percentage to 80.2c. Underlying EPS was 71.3c versus the forecast 70.6c.
By 17 April, GVC, which is likely to join the FTSE 250 at the next quarterly review, also had gross cash position of €327m, with group net debt, representing cash less client liabilities less debt of €193m.
Having integrated and turned around lossmaking 2013 acquisition Sportingbet, GVC's management are confident they can do the same with Bwin.
Chief Executive Kenneth Alexander said the completion of the acquisition afforded the group an opportunity to take the group "to the next level".
"GVC has never been in a stronger position going forward," he continued. "The enlarged group is already enjoying encouraging trading, resulting from our unique mix of diversified products and strong brands."
In the first quarter of 2016, the combined total group NGR has risen 180% to €167.7m, helped by friendly sports results.
In an indication of how growth for both GVC and Bwin has accelerated, NGR per day on a like-for-like, constant currency basis was up 9% and up by 13% in the year to 20 April.
Bwin's long-struggling PartyPoker brand has also shown its first year-on-year quarterly growth for five years.
Alexander said the combined group was on track to secure €125m of synergies by the end of 2017.
House broker Canaccord Genuity said momentum was considerably stronger than it had anticipated, given the focus around cost restructuring, which "points to material underlying upgrades".
However, given current momentum within the business, it said it now expected management to "phase delivery of cost savings over a longer period than we had expected, to reduce execution risk" and so reduced projected cost savings in 2016 by €32m.
Canaccord also downgraded its current-year EBITDA to €199.4m from €204.1m, driving EPS down to 39.4c from 40.93c, and 2017 EBITDA to €260.4m from €268.5m, with EPS of 66.9c, a 4% downgrade from 68.5c.
For FY18 the house broker upgraded EBITDA to €285.3m from €275.5m to reflect full delivery of synergies and a stronger underlying profit run rate.
GVC shares were up 3.3% to 541p late on Monday.
Mon, 25 April 2016
GVC delivers winning result and starts 2016 in Party mood
(ShareCast News) - GVC Holdings delivered impressive earnings figures for 2015 and has shot off to a strong start for 2016 since completing the acquisition of Bwin.party at the start of February.
For 2015, fully listed GVC, which moved up from AIM and expanded its board on completion of the deal, generated net gaming revenue (NGR) of €248m that represented a 10% on the prior year.
Earnings before interest, tax, depreciation and amortisation also climbed 10% to a record €54.1m - well ahead of the market's €52m expectations. Meanwhile Bwin delivered €108.5m EBITDA, against a forecast €98.5m.
On profit before tax up 21% to €50.0m, earnings per share before exceptional items rose by the same percentage to 80.2c. Underlying EPS was 71.3c versus the forecast 70.6c.
By 17 April, GVC, which is likely to join the FTSE 250 at the next quarterly review, also had gross cash position of €327m, with group net debt, representing cash less client liabilities less debt of €193m.
Having integrated and turned around lossmaking 2013 acquisition Sportingbet, GVC's management are confident they can do the same with Bwin.
Chief Executive Kenneth Alexander said the completion of the acquisition afforded the group an opportunity to take the group "to the next level".
"GVC has never been in a stronger position going forward," he continued. "The enlarged group is already enjoying encouraging trading, resulting from our unique mix of diversified products and strong brands."
In the first quarter of 2016, the combined total group NGR has risen 180% to €167.7m, helped by friendly sports results.
In an indication of how growth for both GVC and Bwin has accelerated, NGR per day on a like-for-like, constant currency basis was up 9% and up by 13% in the year to 20 April.
Bwin's long-struggling PartyPoker brand has also shown its first year-on-year quarterly growth for five years.
Alexander said the combined group was on track to secure €125m of synergies by the end of 2017.
House broker Canaccord Genuity said momentum was considerably stronger than it had anticipated, given the focus around cost restructuring, which "points to material underlying upgrades".
However, given current momentum within the business, it said it now expected management to "phase delivery of cost savings over a longer period than we had expected, to reduce execution risk" and so reduced projected cost savings in 2016 by €32m.
Canaccord also downgraded its current-year EBITDA to €199.4m from €204.1m, driving EPS down to 39.4c from 40.93c, and 2017 EBITDA to €260.4m from €268.5m, with EPS of 66.9c, a 4% downgrade from 68.5c.
For FY18 the house broker upgraded EBITDA to €285.3m from €275.5m to reflect full delivery of synergies and a stronger underlying profit run rate.
GVC shares were up 3.3% to 541p late on Monday.
dreamcatcher
- 26 Apr 2016 21:50
- 204 of 404
26 Apr Canaccord... 615.00 Buy
humpback321 - 29 Apr 2016 16:23 - 205 of 404
AGM 24/5/16
black bird - 30 Apr 2016 10:05 - 206 of 404
will ride the wave, of 10% growth easley. taking W buffet tip & hold a good quality
stock, . BB £ 9 2017 no exagerated forcast for s/p ends
stock, . BB £ 9 2017 no exagerated forcast for s/p ends
humpback321 - 23 May 2016 10:20 - 207 of 404
Good news. Betfred to use GVC,s trading platform. Expect positives from tomorrow,s trading statement,and share price+£6 THIS WEEK?
dreamcatcher
- 23 May 2016 16:24
- 208 of 404
23 May Canaccord... 615.00 Buy
dreamcatcher
- 24 May 2016 16:38
- 209 of 404
Pre AGM trading update
RNS
RNS Number : 0679Z
GVC Holdings PLC
24 May 2016
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
Pre AGM trading update
GVC Holdings PLC (LSE:GVC), a leading e-gaming operator in both B2C and B2B markets, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held today at 11.00 hours BST in the Isle of Man, the country of its incorporation.
Trading at the enlarged GVC Group continues its upward momentum since it acquired bwin.party on 1st February. Average Group pro forma revenues per day in Q2 are currently 11% higher than the corresponding period in Q2-2015; and 15% higher on a constant currency basis.
Kenneth Alexander, CEO said:
"I am delighted to be able to report a continuation of the strong trading performance previously announced at the time of our final results on April 25th. It is pleasing to see that our strategy to reinvigorate growth at bwin.party is delivering positive early results, which is in part a reflection of the high quality people within the enlarged Group. This, together with the transformational B2B deal with Betfred, that we announced yesterday, gives me confidence that we can deliver significant value to our shareholders. In addition, the plan to seek a transfer to the Premium Segment of the Official List is progressing and we anticipate making further announcements on this in due course."
humpback321 - 24 May 2016 16:54 - 210 of 404
AGM All resolutions passed. Intergration with BETWIN.PARTY going well. Deal with Betfred TRANSFORMATIONAL. Share price£5.75 continues upward momentum. Onwards and upwards.
dreamcatcher
- 24 May 2016 16:57
- 211 of 404
humpback321 - 26 May 2016 14:39 - 212 of 404
Positive article shares magazine, new high £5.89.
humpback321 - 26 May 2016 15:53 - 213 of 404
£6 share price triggers LARGE bonuses to directors chairman and others and some new shares issued, so share price may stabalise at this level for a little while,but upsides are main market listing and news of dividend, which could be introduced very early 2017,also news of sales,takeovers, B2B platform sales and KALIXA payment business. Plenty to go for.
humpback321 - 31 May 2016 08:55 - 214 of 404
£6
dreamcatcher
- 31 May 2016 16:30
- 215 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 604.50. Over this period, the share price is up 32.30%.
dreamcatcher
- 13 Jun 2016 16:35
- 216 of 404
New Jersey licence approval
RNS
RNS Number : 9382A
GVC Holdings PLC
13 June 2016
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
New Jersey licence approval
GVC Holdings PLC (LSE:GVC), a leading e-gaming operator in both B2C and B2B markets, is pleased to announce that on 9 June 2016, the New Jersey Division of Gaming Enforcement ("DGE") issued an Order concluding its preliminary investigation of GVC in connection with its acquisition of bwin.party digital entertainment PLC ("bwin.party").
As part of its preliminary investigation, DGE examined GVC's business operations and concluded, "GVC and its individual qualifiers possess the requisite good character, honesty, and integrity should it file for a transactional waiver." DGE determined that the New Jersey licenses held by bwin.party shall remain valid under GVC's ownership and a transactional waiver is not needed in connection with existing New Jersey contracts. Additionally, DGE ordered the termination of the Monitoring Agreement under which bwin.party had been operating since the acquisition by GVC.
Kenneth Alexander, CEO said:
"I am delighted the DGE has confirmed that GVC meets its stringent regulatory requirements and that bwin.party can continue to operate in New Jersey under its current licences. This is an important development for GVC and one that places the enlarged Group in a strong position should further regulated opportunities in the US arise. GVC has licences in over 14 countries and continues to seek further licences in markets as the regulatory framework evolves."
- ends -
humpback321 - 14 Jun 2016 08:20 - 217 of 404
Significant news should not be underestimated. Presence in the U.S. Everything still positive.Expect the share price to hang around £6 while directors bonuses triggered at this price, and next leg up on next news.
humpback321 - 01 Jul 2016 09:18 - 218 of 404
Main market listing.
queen1 - 01 Jul 2016 12:38 - 219 of 404
Great news. Pretty much back to pre-Brexit levels.
humpback321 - 01 Jul 2016 12:49 - 220 of 404
Is WMH starting to look over it,s shoulder, GVC likes sick and ailing companies and not frightened of their size , but this would be a step too far?
dreamcatcher
- 01 Jul 2016 17:31
- 221 of 404
no, lol.
dreamcatcher
- 11 Jul 2016 16:12
- 222 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 626.00. Over this period, the share price is up 38.43%.
humpback321 - 11 Jul 2016 17:07 - 223 of 404
Trading statement due,maybe tomorrow? if so this could be why the decent share rise today. Looking forward to updates,entry to main market, notice of dividend, revenues, sale of kalixa, payment of loan, and so much more. Been some great recent sporting results and more to come. My target now £9 within 12 months.
dreamcatcher
- 11 Jul 2016 17:08
- 224 of 404
Cheers humpback321
humpback321 - 13 Jul 2016 13:39 - 225 of 404
Great trading statement. New high £6.42.
dreamcatcher
- 13 Jul 2016 18:21
- 226 of 404
Trading statement
Financial highlights1
·
Q2-2016 NGR per day grew by 11% compared to Q2-2015 on a pro forma2 basis, and grew by 16% on a constant currency basis
·
In Q2-2016, GVC brands grew by 24% and bwin.party brands grew by 12% pro forma2 year on year on a constant currency basis
·
In H1 2016, NGR per day grew by 7% on a pro forma2 basis, and 11% in constant currency
·
In H1-2016, GVC brands grew by 15% and bwin.party brands grew by 9% pro forma2 year on year on a constant currency basis
·
H1-2016 total pro forma2 NGR was €439 million, up 8% (H1-2015: €407 million)
·
H1 2016 NGR on a reported basis3 was €388 million up 223% (H1-2015: €120 million)
Operational highlights
·
Premium Listing: On 1 July, the Group notified the proposed transfer of all of its ordinary shares from the Standard segment of the Official List to the Premium segment ("Premium Listing"). It is anticipated that the Premium Listing will take effect from 08:00 AM on 1 August 2016
·
B2B expansion: On 23 May the Group announced the signing of a 10-year B2B licensing deal with Betfred, one of the UK's best known sports betting brands. This augments the existing B2B contracts which the Group has already developed
·
New Jersey Licence: On 9 June, the Group's existing licence in New Jersey was confirmed by the New Jersey Division of Gaming Enforcement
·
Integration update: Following the acquisition of bwin.party on 1 February 2016, the Board confirms the integration of the enlarged Group is progressing in line with expectations and remains on track to secure €125 million of synergies (as per November 2015 prospectus) by the end of 2017
Financial highlights1
·
Q2-2016 NGR per day grew by 11% compared to Q2-2015 on a pro forma2 basis, and grew by 16% on a constant currency basis
·
In Q2-2016, GVC brands grew by 24% and bwin.party brands grew by 12% pro forma2 year on year on a constant currency basis
·
In H1 2016, NGR per day grew by 7% on a pro forma2 basis, and 11% in constant currency
·
In H1-2016, GVC brands grew by 15% and bwin.party brands grew by 9% pro forma2 year on year on a constant currency basis
·
H1-2016 total pro forma2 NGR was €439 million, up 8% (H1-2015: €407 million)
·
H1 2016 NGR on a reported basis3 was €388 million up 223% (H1-2015: €120 million)
Operational highlights
·
Premium Listing: On 1 July, the Group notified the proposed transfer of all of its ordinary shares from the Standard segment of the Official List to the Premium segment ("Premium Listing"). It is anticipated that the Premium Listing will take effect from 08:00 AM on 1 August 2016
·
B2B expansion: On 23 May the Group announced the signing of a 10-year B2B licensing deal with Betfred, one of the UK's best known sports betting brands. This augments the existing B2B contracts which the Group has already developed
·
New Jersey Licence: On 9 June, the Group's existing licence in New Jersey was confirmed by the New Jersey Division of Gaming Enforcement
·
Integration update: Following the acquisition of bwin.party on 1 February 2016, the Board confirms the integration of the enlarged Group is progressing in line with expectations and remains on track to secure €125 million of synergies (as per November 2015 prospectus) by the end of 2017
dreamcatcher
- 13 Jul 2016 20:03
- 227 of 404
Market buzz - GVC Holdings shares gained on Wednesday as Canaccord Genuity reiterated a 'buy' rating on the stock and lifted its target price to 680p from 615p.
In a trading update, the online gambling company reported 11% increase in like-for-like revenue in the six months to 30 June, supported by favourable results in the Euro 2016 football tournament and particularly strong growth in both wagering and gaming in the second quarter.
With the acquisition of Bwin.party completed on 1 February, GVC will gain a premium listing on the full list of the London Stock Exchange in August and looks likely to be added to the FTSE 250 at the next quarterly review.
The trading statement from GVC, ahead of its interim results announcement in September, confirmed total net gaming revenue (NGR) on a reported-currency pro forma basis, which treats revenue as if Bwin had been acquired in January, was up 8% to €439m. Or on a reported basis, as Bwin in fact joined a month later, it was up 223% to €388m.
"Management is clearly beginning to drive meaningful revenue synergies from the bwin.party acquisition, on top of its targeted €125m of cost savings," said Canaccord analyst Simon Davies.
"GVC has the makings of an extraordinary turnaround story. bwin.party generated a 7.5% compound annual revenue decline in the period 2010 to 2015, but it has now reported three consecutive quarters of strong growth."
Davies added that GVC has been the "star performer" in the online gaming sector, with shares up 67% since the start of December and 34% year-to-date.
"The shares trade on a 2017 enterprise value/earnings before interest, tax, depreciation and amortisation of just 8.1x, a free cash flow yield of 8.1% and price-earnings ratio of 10.9x."
However, he warned that GVC is approaching a period of integration risk, with the transition of GVC sportsbook customers over to the bwin platform in the next few months.
Canaccord expects gross win margins to normalise in the second half and said third quarter wagering activity could be affected by the "customer unfriendly results" from the Euros.
In a trading update, the online gambling company reported 11% increase in like-for-like revenue in the six months to 30 June, supported by favourable results in the Euro 2016 football tournament and particularly strong growth in both wagering and gaming in the second quarter.
With the acquisition of Bwin.party completed on 1 February, GVC will gain a premium listing on the full list of the London Stock Exchange in August and looks likely to be added to the FTSE 250 at the next quarterly review.
The trading statement from GVC, ahead of its interim results announcement in September, confirmed total net gaming revenue (NGR) on a reported-currency pro forma basis, which treats revenue as if Bwin had been acquired in January, was up 8% to €439m. Or on a reported basis, as Bwin in fact joined a month later, it was up 223% to €388m.
"Management is clearly beginning to drive meaningful revenue synergies from the bwin.party acquisition, on top of its targeted €125m of cost savings," said Canaccord analyst Simon Davies.
"GVC has the makings of an extraordinary turnaround story. bwin.party generated a 7.5% compound annual revenue decline in the period 2010 to 2015, but it has now reported three consecutive quarters of strong growth."
Davies added that GVC has been the "star performer" in the online gaming sector, with shares up 67% since the start of December and 34% year-to-date.
"The shares trade on a 2017 enterprise value/earnings before interest, tax, depreciation and amortisation of just 8.1x, a free cash flow yield of 8.1% and price-earnings ratio of 10.9x."
However, he warned that GVC is approaching a period of integration risk, with the transition of GVC sportsbook customers over to the bwin platform in the next few months.
Canaccord expects gross win margins to normalise in the second half and said third quarter wagering activity could be affected by the "customer unfriendly results" from the Euros.
dreamcatcher
- 22 Jul 2016 15:41
- 228 of 404
22 Jul Berenberg 730.00 Buy
humpback321 - 01 Aug 2016 09:11 - 229 of 404
Premium listing and new high £6.45.
humpback321 - 02 Aug 2016 10:54 - 230 of 404
Great news. Replacement of loan from 400mil. to250mil. at lower finance rate, balance to be paid from EXISTING CASH RESOURCES. Trading positive,revenues up,return to dividend payments 2017. New high £6.57.
dreamcatcher
- 02 Aug 2016 16:34
- 231 of 404
Replacement of existing financing arrangements
RNS
RNS Number : 9059F
GVC Holdings PLC
02 August 2016
2 August 2016
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
Replacement of existing financing arrangements
GVC Holdings PLC (LSE:GVC), announces that it has entered into a commitment with Nomura International plc ("Nomura") for a replacement of GVC's existing financing, the proceeds of which are to be applied towards the repayment of its secured €400 million term loan facility with Cerberus Business Finance, LLC ("Cerberus Loan"), of which €386.5 million remains outstanding as at 1 August 2016.
GVC and Nomura have committed to the €250 million Nomura Unsecured Loan (the "Nomura Loan") with formal documentation of the agreement being signed by 31 October 2016. The balance of the Cerberus Loan will be repaid from existing cash resources.
Details of the Nomura Loan:
Amount committed:
€250,000,000
Initial interest rate:
2% above Euribor
Euribor floor:
0.0%
Extension period:
6 or 12 months after the initial maturity date
Anticipated date of funds draw-down:
on or around 1 February 2017
Initial maturity date:
One year from the signing date of the loan agreement
In the 12 months following drawdown of the Nomura Loan, GVC's annual cash interest savings are expected to amount to approximately €43.3 million, an equivalent saving of approximately 14.8 €cents per share (before tax) or approximately 12 pence per share. GVC will also benefit from a reduction in financing fees.
As at 24 July 2016, the Group had net debt of €154.3m (defined as gross borrowings less cash after adjusting for player liabilities).
Kenneth Alexander, CEO said:
"I am delighted that we have delivered on another key objective for 2016. The quality of our lending partner and competitive rate we have secured is a result of the progress already made by the enlarged GVC. Not only does the refinancing significantly reduce our financing costs but it enables us to drive further shareholder value through investment and paves the way for a return to dividend payments in 2017. We have been pleased to work with Nomura and look forward to working with them in the future.
I am also pleased to report that trading has continued positively with July like for like revenues per day up 26% on last year and up 31% in constant currency, boosted by the Euro 2016 tournament."
This announcement contains inside information.
- ends -
cynic
- 02 Aug 2016 16:36
- 232 of 404
i was told to buy a few days ago but didn't
can't win 'em all
can't win 'em all
dreamcatcher
- 02 Aug 2016 16:46
- 233 of 404
cynic
- 02 Aug 2016 16:49
- 234 of 404
hope you've got FEVR then :-)
dreamcatcher
- 02 Aug 2016 17:20
- 235 of 404
From the start. :-))Hoping accrol will be another good one.
cynic
- 02 Aug 2016 17:23
- 236 of 404
worth looking at some gold stocks if you don't hold
bullion very strong but shares have lagged today - ACA and HOC have done very well for me
bullion very strong but shares have lagged today - ACA and HOC have done very well for me
dreamcatcher
- 02 Aug 2016 17:25
- 237 of 404
I lack knowledge in the gold area. I will avoid oil in the future as well, heavy losses. :-))
dreamcatcher
- 03 Aug 2016 19:40
- 238 of 404
Market Buzz
Liberum starts GVC Holdings at 'buy'
Wed, 03 August 2016
(ShareCast News) - Liberum initiated coverage of GVC Holdings at 'buy' with a 738p price target, highlighting the company's "winning formula".
The brokerage said GVC is a unique quoted gaming operator in terms of geographic diversity and exposure to growth markets. With only around 10% of its customers in the UK, it is the least exposed of any peer to the risk of increasing duty/regulation in its domestic market, Liberum said.
The international spread of the business also means there are no significant implications to the group from the UK's decision to leave the European Union.
Liberum also pointed out that margins are higher at GVC than the likes of William Hill and Ladbrokes, partly due to exposure to markets which are less competitive.
In addition, it argued that the synergy benefits of Bwin are substantial and said it expects earnings per share to more than double between full-year 2016 and FY18.
"The acquisition of bwin.party has dramatically increased the scale of GVC and considerably broadened the brand portfolio and geographic reach of the business. The enlarged group owns a significant proportion of the underlying IP in both its Sportsbook and gaming platform where there is also the potential to monetise a B2B opportunity."
At 1000 BST, GVC shares were up 2.7% to 681.50p.
Liberum starts GVC Holdings at 'buy'
Wed, 03 August 2016
(ShareCast News) - Liberum initiated coverage of GVC Holdings at 'buy' with a 738p price target, highlighting the company's "winning formula".
The brokerage said GVC is a unique quoted gaming operator in terms of geographic diversity and exposure to growth markets. With only around 10% of its customers in the UK, it is the least exposed of any peer to the risk of increasing duty/regulation in its domestic market, Liberum said.
The international spread of the business also means there are no significant implications to the group from the UK's decision to leave the European Union.
Liberum also pointed out that margins are higher at GVC than the likes of William Hill and Ladbrokes, partly due to exposure to markets which are less competitive.
In addition, it argued that the synergy benefits of Bwin are substantial and said it expects earnings per share to more than double between full-year 2016 and FY18.
"The acquisition of bwin.party has dramatically increased the scale of GVC and considerably broadened the brand portfolio and geographic reach of the business. The enlarged group owns a significant proportion of the underlying IP in both its Sportsbook and gaming platform where there is also the potential to monetise a B2B opportunity."
At 1000 BST, GVC shares were up 2.7% to 681.50p.
dreamcatcher
- 05 Aug 2016 17:31
- 239 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 688.50. Over this period, the share price is up 57.93%.
black bird - 09 Aug 2016 12:39 - 240 of 404
have GVC leftover from b win will hold very long term BB
humpback321 - 09 Aug 2016 13:12 - 241 of 404
New high £6.93.
dreamcatcher
- 02 Sep 2016 16:56
- 242 of 404
2 Sep Canaccord... 720.00 Buy
dreamcatcher
- 10 Sep 2016 20:13
- 243 of 404
Naked Trader Thurs 8 Sept - I added some betting co GVC - it's taken two years for me to double on these but I have now bought some more. Brilliantly well run company this that continues to build in size.
dreamcatcher
- 13 Sep 2016 16:37
- 244 of 404
13 Sep Berenberg 760.00 Buy
dreamcatcher
- 20 Sep 2016 07:11
- 245 of 404
Half year report
Financial highlights
· Pro forma NGR increased 8% to €441.8m, 12% in constant currency
· Clean EBITDA of €91.2m (€25.5m H1 2015), pro forma Clean EBITDA growth 42%
· Adjusted PBT of €51.3m (€21.8m H1 2015)
· Net debt as at 30 June €165.1m (€154.3m as at 24 July 2016*)
*As reported with the refinancing announcement
Operational and strategic highlights
· Strength of brands reflected by growth achieved with relatively low marketing spend (21% of NGR)
· Mobile sports wagers grew 55%, casino and games 98%
· Integration of bwin.party on target to secure €125m annualised synergies by end of 2017
· Significantly strengthened senior management
· Signed largest B2B deal to date with one of the UK's best known sports betting brands, Betfred
· Confirmation of New Jersey gaming licence
Post period-end events
· Admitted to Premium segment of Official List 1 August (FTSE 250 inclusion 19 September)
· New €250m financing facility secured at substantially reduced cost to current facilities
Current Trading and Outlook
·
Average daily NGR for the 11 weeks to 15 September up 12% on a pro forma basis (15% in constant currency)
·
Organic growth opportunities from bwin.party Acquisition greater than expected; to be exploited through increased marketing investment
Financial highlights
· Pro forma NGR increased 8% to €441.8m, 12% in constant currency
· Clean EBITDA of €91.2m (€25.5m H1 2015), pro forma Clean EBITDA growth 42%
· Adjusted PBT of €51.3m (€21.8m H1 2015)
· Net debt as at 30 June €165.1m (€154.3m as at 24 July 2016*)
*As reported with the refinancing announcement
Operational and strategic highlights
· Strength of brands reflected by growth achieved with relatively low marketing spend (21% of NGR)
· Mobile sports wagers grew 55%, casino and games 98%
· Integration of bwin.party on target to secure €125m annualised synergies by end of 2017
· Significantly strengthened senior management
· Signed largest B2B deal to date with one of the UK's best known sports betting brands, Betfred
· Confirmation of New Jersey gaming licence
Post period-end events
· Admitted to Premium segment of Official List 1 August (FTSE 250 inclusion 19 September)
· New €250m financing facility secured at substantially reduced cost to current facilities
Current Trading and Outlook
·
Average daily NGR for the 11 weeks to 15 September up 12% on a pro forma basis (15% in constant currency)
·
Organic growth opportunities from bwin.party Acquisition greater than expected; to be exploited through increased marketing investment
humpback321 - 20 Sep 2016 09:58 - 246 of 404
Great interim report. New high and climbing.
cynic
- 20 Sep 2016 10:06
- 247 of 404
was told to buy into this one a few weeks back and failed to do so :-(
dreamcatcher
- 20 Sep 2016 16:38
- 248 of 404
20 Sep
Canaccord...
755.00
Buy
20 Sep
Liberum Capital
738.00
Buy
13 Sep
Berenberg
760.00
Buy
Canaccord...
755.00
Buy
20 Sep
Liberum Capital
738.00
Buy
13 Sep
Berenberg
760.00
Buy
dreamcatcher
- 23 Sep 2016 17:35
- 249 of 404
23 Sep
Liberum Capital
825.00
Buy
20 Sep
Canaccord...
755.00
Buy
20 Sep
Liberum Capital
738.00
Buy
Liberum Capital
825.00
Buy
20 Sep
Canaccord...
755.00
Buy
20 Sep
Liberum Capital
738.00
Buy
dreamcatcher
- 01 Nov 2016 17:08
- 250 of 404
13:40 01/11/2016
Broker Forecast - Numis issues a broker note on GVC Holdings Plc
Numis today initiates coverage of GVC Holdings Plc (LON:GVC) with a hold investment rating and price target of 760p. Story provided by StockMarketWire.com
Broker Forecast - Numis issues a broker note on GVC Holdings Plc
Numis today initiates coverage of GVC Holdings Plc (LON:GVC) with a hold investment rating and price target of 760p. Story provided by StockMarketWire.com
dreamcatcher
- 03 Nov 2016 16:23
- 251 of 404
CWMAM - 10 Nov 2016 20:01 - 252 of 404
Why is the SP being hammered??
dreamcatcher
- 10 Nov 2016 21:20
- 253 of 404
IC had a buy out on 3 Nov at 690p but said the shares trade on a toppy 25 times forward earnings.
Shares Nov 3 -Cenkos Securities leaves its 2016 forecasts unchanged, looking for a leap in pre-tax profits from €46.7m to €104.2m, yet notes 'clearly the risk is on the upside given the strong top-line momentum. We have conservatively left our 2017-19E forecasts unchanged reflecting ongoing potential regulatory and taxation headwinds.'
In the background there is an online gaming industry inquiry into unfair practices.
Certainly very low on the shorting list.
I think we are due a bounce but always thought 800p was a fair price .
32red which operates online casino, poker and bingo is well down from its high. Very good interim results end of Sept as well.
Shares Nov 3 -Cenkos Securities leaves its 2016 forecasts unchanged, looking for a leap in pre-tax profits from €46.7m to €104.2m, yet notes 'clearly the risk is on the upside given the strong top-line momentum. We have conservatively left our 2017-19E forecasts unchanged reflecting ongoing potential regulatory and taxation headwinds.'
In the background there is an online gaming industry inquiry into unfair practices.
Certainly very low on the shorting list.
I think we are due a bounce but always thought 800p was a fair price .
32red which operates online casino, poker and bingo is well down from its high. Very good interim results end of Sept as well.
CWMAM - 11 Nov 2016 07:35 - 254 of 404
Thanks dreamcatcher
I also think these are due a bounce
I also think these are due a bounce
black bird - 11 Nov 2016 09:20 - 255 of 404
one year, to go before £ 7=80 seen again not that long for a investment sell &
miss a takeover? from playtech cash pile. chart watchers say join the bottoms on
a 5year all line up. BB s/p 622 11.11.16
miss a takeover? from playtech cash pile. chart watchers say join the bottoms on
a 5year all line up. BB s/p 622 11.11.16
CWMAM - 16 Nov 2016 06:04 - 256 of 404
Time to BUY
dreamcatcher
- 15 Dec 2016 07:10
- 257 of 404
Trading Statement
RNS
RNS Number : 8918R
GVC Holdings PLC
15 December 2016
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
Trading update and increase in special dividend
GVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce that the strong trading performance previously reported has continued through the fourth quarter. As a consequence the Board now expects pro forma1 NGR for the year to 31 December 2016 and adjusted/clean EBITDA2 to be at the upper end of market expectations3. In addition, the positive momentum across the business combined with strong cash generation gives the Board the confidence to announce a 49% increase in the proposed special dividend, previously announced on 3 November 2016, to euro 14.9c per share (settled in sterling and fixed at 12.5p per share).
Trading
All data refers to the fourth quarter trading period up to 12 December 2016 and is pro forma.
· Group daily NGR up 12% (+14% constant currency) against the corresponding period in 2015
· Sports daily NGR +19% (+19% constant currency)
· Gaming/other daily NGR +8% (+11% constant currency)
The growing momentum in Q4 is pleasing given the tough comparatives, particularly December, which in 2015 was the Group's strongest trading month.
Special dividend
The continued positive momentum in the business and strong cash performance gives the Board the confidence to increase the proposed special dividend, announced on 3 November 2016, from euro 10c (c8.4p) to euro 14.9c - an increase of 49%, with the dividend payment settled in sterling and fixed at 12.5p per share. The dividend timetable is as follows:
Ex-dividend date: 5 January 2017
Record date: 6 January 2017
Payment date: 14 February 2017
Kenneth Alexander, CEO, said:
"Momentum across the Group has continued to build throughout the year and is a reflection of the hard work of our employees, quality of our technology and strength of our brands. The integration of bwin.party is proceeding positively and ahead of our original expectations. We continue to look forward to 2017 with confidence and expect to achieve further significant progress."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
- ends -
RNS
RNS Number : 8918R
GVC Holdings PLC
15 December 2016
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
Trading update and increase in special dividend
GVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce that the strong trading performance previously reported has continued through the fourth quarter. As a consequence the Board now expects pro forma1 NGR for the year to 31 December 2016 and adjusted/clean EBITDA2 to be at the upper end of market expectations3. In addition, the positive momentum across the business combined with strong cash generation gives the Board the confidence to announce a 49% increase in the proposed special dividend, previously announced on 3 November 2016, to euro 14.9c per share (settled in sterling and fixed at 12.5p per share).
Trading
All data refers to the fourth quarter trading period up to 12 December 2016 and is pro forma.
· Group daily NGR up 12% (+14% constant currency) against the corresponding period in 2015
· Sports daily NGR +19% (+19% constant currency)
· Gaming/other daily NGR +8% (+11% constant currency)
The growing momentum in Q4 is pleasing given the tough comparatives, particularly December, which in 2015 was the Group's strongest trading month.
Special dividend
The continued positive momentum in the business and strong cash performance gives the Board the confidence to increase the proposed special dividend, announced on 3 November 2016, from euro 10c (c8.4p) to euro 14.9c - an increase of 49%, with the dividend payment settled in sterling and fixed at 12.5p per share. The dividend timetable is as follows:
Ex-dividend date: 5 January 2017
Record date: 6 January 2017
Payment date: 14 February 2017
Kenneth Alexander, CEO, said:
"Momentum across the Group has continued to build throughout the year and is a reflection of the hard work of our employees, quality of our technology and strength of our brands. The integration of bwin.party is proceeding positively and ahead of our original expectations. We continue to look forward to 2017 with confidence and expect to achieve further significant progress."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
- ends -
dreamcatcher
- 15 Dec 2016 15:17
- 258 of 404
15 Dec
Liberum Capital
825.00
Buy
Liberum Capital
825.00
Buy
dreamcatcher
- 15 Dec 2016 15:25
- 259 of 404
IC today - The house keeps winning over at online gambling company GVC (GVC) whose strong performance since its acquisition of Bwin Party means net gaming revenue and cash profits will be at the upper end of market expectations. Not only that, but the real trump card comes with a 49 per cent increase in its recently announced special dividend. It had promised a 10c per share special payout but this has now been cranked up to 14.9c, which management said was fixed at 12.5p a share. Buy.
humpback321 - 16 Dec 2016 11:16 - 260 of 404
GVC back to a income share? looking good. Why the fall after such a deserved rise? Is this due to a takeover rumour?
humpback321 - 19 Dec 2016 09:35 - 261 of 404
More good news. kalixa sold for 29million
.
.
humpback321 - 19 Dec 2016 09:45 - 262 of 404
Reverse takeover of Ladbrokes rumour. Is this the reason for share price stalling a little?
dreamcatcher
- 19 Dec 2016 17:23
- 263 of 404
Edison - Valuation: 2017 EV/EBITDA still only 9.6x
GVC’s shares bounced a little on last week’s trading update and dividend news (Edison update, 15 December) but the 2017e EV/EBITDA is still only 9.6x, which we believe is excellent value given GVC’s strong growth and dividend prospects.
GVC’s shares bounced a little on last week’s trading update and dividend news (Edison update, 15 December) but the 2017e EV/EBITDA is still only 9.6x, which we believe is excellent value given GVC’s strong growth and dividend prospects.
dreamcatcher
- 20 Dec 2016 17:56
- 264 of 404
10:40 20/12/2016
Broker Forecast - AlphaValue issues a broker note on GVC Holdings Plc
AlphaValue today initiates coverage of GVC Holdings Plc (LON:GVC) with a buy investment rating and price target of 849p. Story provided by StockMarketWire.com
Broker Forecast - AlphaValue issues a broker note on GVC Holdings Plc
AlphaValue today initiates coverage of GVC Holdings Plc (LON:GVC) with a buy investment rating and price target of 849p. Story provided by StockMarketWire.com
dreamcatcher
- 28 Dec 2016 14:32
- 265 of 404
28 Dec
Deutsche Bank
850.00
Buy
Deutsche Bank
850.00
Buy
dreamcatcher
- 04 Jan 2017 21:31
- 266 of 404
The dividend timetable is as follows:
Ex-dividend date: 5 January 2017
12.5p per share.
Ex-dividend date: 5 January 2017
12.5p per share.
dreamcatcher
- 16 Jan 2017 20:19
- 267 of 404
Just wondering when the sp will rise, seems to have been falling daily. We have had a return to dividends . Read all the boards and there are no real answers, but a lot asking the same . The divi is paid 14 Feb and I would have thought the sp would then start a sharp correction North or even before.
black bird - 17 Jan 2017 16:48 - 268 of 404
pay day, s/p to go up historically. coming results should be good, a real rise in s/p
will only happen when dividends are resumed october 2017 not 2018 BB as previous stated.
will only happen when dividends are resumed october 2017 not 2018 BB as previous stated.
dreamcatcher
- 17 Jan 2017 16:51
- 269 of 404
Cheers black bird.
dreamcatcher
- 19 Jan 2017 15:42
- 270 of 404
19 Jan Liberum Capital 830.00 Buy
dreamcatcher
- 26 Jan 2017 15:58
- 271 of 404
Picked up sentiment in the last hour.
dreamcatcher
- 02 Feb 2017 07:06
- 272 of 404
cynic
- 02 Feb 2017 09:09
- 273 of 404
below is a taster of an excellent trading update .....
Gambling company GVC Holdings Plc said it expected full-year net gaming revenue to rise about 9 percent, slightly ahead of its previous estimate, on strong fourth-quarter trading.
Gambling company GVC Holdings Plc said it expected full-year net gaming revenue to rise about 9 percent, slightly ahead of its previous estimate, on strong fourth-quarter trading.
dreamcatcher
- 02 Feb 2017 12:52
- 274 of 404
Purchased more today, having sold CINE.
dreamcatcher
- 02 Feb 2017 12:53
- 275 of 404
And they are cheap as chips. :-))
dreamcatcher
- 02 Feb 2017 13:12
- 276 of 404
2 Feb Liberum Capital 830.00 Buy
dreamcatcher
- 02 Feb 2017 13:12
- 277 of 404
2 Feb Liberum Capital 830.00 Buy
cynic
- 02 Feb 2017 13:22
- 278 of 404
my view of GVC today .....
following their bullish update, sp has surged 40p (>6%)to 655
sp has now pushed north of 200 dma, with just a modest resistance at 660 to clear with plenty of upside thereafter
following their bullish update, sp has surged 40p (>6%)to 655
sp has now pushed north of 200 dma, with just a modest resistance at 660 to clear with plenty of upside thereafter
dreamcatcher
- 02 Feb 2017 14:23
- 279 of 404
Thanks cynic, that is why I thought CVC had more scope then CINE and great future dividends.
dreamcatcher
- 03 Feb 2017 16:45
- 280 of 404
Nice and steady, just needs to hold.
dreamcatcher
- 06 Feb 2017 16:07
- 281 of 404
dreamcatcher
- 07 Feb 2017 21:11
- 282 of 404
News Archive
06 February 2017
GVC expands casino offer with Greentube content
GVC Holding is pleased to announce it has signed a major new multi-year content deal with Greentube, the NOVOMATIC Interactive division, to significantly expand its casino and gaming product portfolio.
The agreement, will see Greentube supply its award-winning popular casino games from Greentube's subsidiaries and third-party providers.
Initially, around 70 games will be added to GVC's casino line-up, which will be offered via the Group's bwin, partypoker, partycasino and Gamebookers gaming sites. Amongst the new titles are premium NOVOMATIC blue chip slots Book of Ra™, Lucky Lady's Charm™ and Sizzling Hot™ as well as StakeLogic's top games Darts Heroes and Midnight Rush. The new content will be seamlessly integrated into GVC's proprietary gaming platform over the coming months and will be available via PC, mobile and tablet devices.
Welcoming the announcement, GVC's Chief Product Officer, Liron Snir added: "Our focus over the past year has been to build the most exciting portfolio of casino games available anywhere and the addition of NOVOMATIC content is a huge step forward on this journey. We are very excited to be able to offer our customers this incredible range of new content."
Gernot Baumgartner, Head of Marketing & Sales at Greentube, commented: "Greentube is very excited to become part of GVC's casino offering with Greentube's world-class interactive content. This new deal allows us to present the ultimate gaming experience to an even wider range of customers."
06 February 2017
GVC expands casino offer with Greentube content
GVC Holding is pleased to announce it has signed a major new multi-year content deal with Greentube, the NOVOMATIC Interactive division, to significantly expand its casino and gaming product portfolio.
The agreement, will see Greentube supply its award-winning popular casino games from Greentube's subsidiaries and third-party providers.
Initially, around 70 games will be added to GVC's casino line-up, which will be offered via the Group's bwin, partypoker, partycasino and Gamebookers gaming sites. Amongst the new titles are premium NOVOMATIC blue chip slots Book of Ra™, Lucky Lady's Charm™ and Sizzling Hot™ as well as StakeLogic's top games Darts Heroes and Midnight Rush. The new content will be seamlessly integrated into GVC's proprietary gaming platform over the coming months and will be available via PC, mobile and tablet devices.
Welcoming the announcement, GVC's Chief Product Officer, Liron Snir added: "Our focus over the past year has been to build the most exciting portfolio of casino games available anywhere and the addition of NOVOMATIC content is a huge step forward on this journey. We are very excited to be able to offer our customers this incredible range of new content."
Gernot Baumgartner, Head of Marketing & Sales at Greentube, commented: "Greentube is very excited to become part of GVC's casino offering with Greentube's world-class interactive content. This new deal allows us to present the ultimate gaming experience to an even wider range of customers."
dreamcatcher
- 09 Feb 2017 09:56
- 283 of 404
9 Feb Berenberg 840.00 Buy
dreamcatcher
- 09 Feb 2017 16:22
- 284 of 404
Pushing towards 700p
dreamcatcher
- 10 Feb 2017 14:15
- 285 of 404
Short holdings nearly out today.
dreamcatcher
- 10 Feb 2017 17:58
- 286 of 404
Broke the 700p barrier today. 12.5P dividend next Tuesday.
dreamcatcher
- 10 Feb 2017 19:16
- 287 of 404
dreamcatcher
- 21 Feb 2017 19:50
- 288 of 404
Very fast climb. Stopped for a breather.
dreamcatcher
- 27 Feb 2017 17:21
- 289 of 404
momentum back ? Good to end blue.
dreamcatcher
- 28 Feb 2017 16:21
- 290 of 404
GVC confirms the appointment of Paul Miles as new CFO
StockMarketWire.com
GVC has confirmed the appointment of Paul Miles as a Director and Chief Financial Officer of the Company takes effect today.
He succeeds Richard Cooper who steps down from the GVC Board today.
At 1:52pm: (LON:GVC) GVC Holdings Plc share price was +1p at 689p
Story provided by StockMarketWire.com
StockMarketWire.com
GVC has confirmed the appointment of Paul Miles as a Director and Chief Financial Officer of the Company takes effect today.
He succeeds Richard Cooper who steps down from the GVC Board today.
At 1:52pm: (LON:GVC) GVC Holdings Plc share price was +1p at 689p
Story provided by StockMarketWire.com
dreamcatcher
- 02 Mar 2017 16:23
- 291 of 404
Long-term refinancing
RNS
RNS Number : 2934Y
GVC Holdings PLC
02 March 2017
2 March 2017
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
Long-term refinancing
GVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce it has signed a €320m Senior Secured Term and Revolving Facility ("the Facility") comprising a €250m term loan (the "Term Loan") and a €70m revolving credit facility("RCF").
In October 2016, the Group secured a one year (with options to extend for an additional 6 or 12 months) €250m loan facility from Nomura International plc (the "Nomura Loan"), which was used in part to repay the €400m loan provided by Cerberus Business Finance LLP (the "Cerberus Loan") associated with the acquisition of bwin.party digital entertainment plc. The Nomura Loan provided a short term facility at a reduced overall cost from that associated with the Cerberus Loan.
The Group has now successfully secured long-term and increased debt facilities. The key terms of the Facility are highlighted in the table below.
Details of the Term Loan:
Amount committed: €250,000,000
Interest rate: 3.25% above Euribor
Euribor floor: 0.0%
Maturity: 6 years
Security: Senior Secured
Details of the RCF:
Amount committed: €70,000,000
Interest rate: 2.75% above Euribor on drawn amounts
Euribor floor: 0.0%
Maturity: 5 years
Security: Senior Secured
The Term Loan represents GVC's first entry into the syndicated debt market and was significantly oversubscribed. The Term Loan will benefit from an accordion facility that will allow the incurrence of incremental debt subject to net leverage of not greater than 2.25x the Group's EBITDA (as defined in the Facility). Given the Group's proven track record of creating value through M & A and ongoing industry consolidation, securing long-term finance and access to a broader base of debt investors is an important development for GVC. There are no plans to draw on the RCF at this time.
The annualised percentage cost of the Facility, including interest and fees, is below that of the Nomura loan which will be repaid in full on the drawdown of the Term Loan.
Nomura International plc ("Nomura") acted as mandated lead arranger ("MLA") and sole physical bookrunner of the Term Loan. Nomura, The Governor and the Company of the Bank of Ireland, Deutsche Bank AG- London Branch and Mediobanca S.p.A. committed to the Company's RCF and were also appointed MLAs and bookrunners on the Term Loan.
Kenneth Alexander, CEO, said:
"The long-term refinancing provides greater visibility and security in terms of our debt facilities. To have completed our inaugural institutional loan market financing and to have been significantly oversubscribed is a reflection of the progress made by GVC. Furthermore, access to a broader debt investor base is important given the ongoing consolidation in the gaming industry, particularly given the Group's proven track record of successful M & A."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
- ends -
RNS
RNS Number : 2934Y
GVC Holdings PLC
02 March 2017
2 March 2017
GVC Holdings PLC
("GVC" or the "Company" or the "Group")
Long-term refinancing
GVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce it has signed a €320m Senior Secured Term and Revolving Facility ("the Facility") comprising a €250m term loan (the "Term Loan") and a €70m revolving credit facility("RCF").
In October 2016, the Group secured a one year (with options to extend for an additional 6 or 12 months) €250m loan facility from Nomura International plc (the "Nomura Loan"), which was used in part to repay the €400m loan provided by Cerberus Business Finance LLP (the "Cerberus Loan") associated with the acquisition of bwin.party digital entertainment plc. The Nomura Loan provided a short term facility at a reduced overall cost from that associated with the Cerberus Loan.
The Group has now successfully secured long-term and increased debt facilities. The key terms of the Facility are highlighted in the table below.
Details of the Term Loan:
Amount committed: €250,000,000
Interest rate: 3.25% above Euribor
Euribor floor: 0.0%
Maturity: 6 years
Security: Senior Secured
Details of the RCF:
Amount committed: €70,000,000
Interest rate: 2.75% above Euribor on drawn amounts
Euribor floor: 0.0%
Maturity: 5 years
Security: Senior Secured
The Term Loan represents GVC's first entry into the syndicated debt market and was significantly oversubscribed. The Term Loan will benefit from an accordion facility that will allow the incurrence of incremental debt subject to net leverage of not greater than 2.25x the Group's EBITDA (as defined in the Facility). Given the Group's proven track record of creating value through M & A and ongoing industry consolidation, securing long-term finance and access to a broader base of debt investors is an important development for GVC. There are no plans to draw on the RCF at this time.
The annualised percentage cost of the Facility, including interest and fees, is below that of the Nomura loan which will be repaid in full on the drawdown of the Term Loan.
Nomura International plc ("Nomura") acted as mandated lead arranger ("MLA") and sole physical bookrunner of the Term Loan. Nomura, The Governor and the Company of the Bank of Ireland, Deutsche Bank AG- London Branch and Mediobanca S.p.A. committed to the Company's RCF and were also appointed MLAs and bookrunners on the Term Loan.
Kenneth Alexander, CEO, said:
"The long-term refinancing provides greater visibility and security in terms of our debt facilities. To have completed our inaugural institutional loan market financing and to have been significantly oversubscribed is a reflection of the progress made by GVC. Furthermore, access to a broader debt investor base is important given the ongoing consolidation in the gaming industry, particularly given the Group's proven track record of successful M & A."
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
- ends -
dreamcatcher
- 02 Mar 2017 16:28
- 292 of 404
2 Mar
Liberum Capital
830.00
Buy
Liberum Capital
830.00
Buy
dreamcatcher
- 03 Mar 2017 16:05
- 293 of 404
Getting close to 700p again, will break through soon.
dreamcatcher
- 06 Mar 2017 17:06
- 294 of 404
Broke the 700p, although steady selling at the bell. I hope they climb now towards the results on the 23 March.
dreamcatcher
- 09 Mar 2017 18:41
- 295 of 404
Good day, onwards towards results.
dreamcatcher
- 23 Mar 2017 17:20
- 296 of 404
Final results
Financial highlights
· Pro forma1 Net Gaming Revenue up 9% to €894.6m (+12% in constant currency)
· Pro forma Clean EBITDA2 up 26% to €205.7m
· Adjusted Profit Before Tax3 €93.8m vs €46.4m in 2015
· Second special dividend euro 15.1c, giving total euro 30c dividends declared for FY 2016
· Net debt4 €131.5m just 0.6x Clean EBITDA
· Long-term refinancing secured with oversubscribed institutional debt issue
Operational highlights
· Successful integration of bwin.party
· Improved platform stability and significantly improved product offering
· Sports Labels pro forma NGR up 14% (+16% in constant currency)
· Improved sports win margin to 9.6% (2015: 8.6%)
· Pro forma gaming NGR from the acquired bwin sports labels up 26%, while value of first time deposits +37%
· Games Labels pro forma NGR down 4% (flat in constant currency), H2 pro forma NGR up 4% in constant currency
· On target to achieve €125m5 synergy run rate at end of 2017
· 95% of Group revenues derived/processed through our proprietary platform
Current trading6
· Pro forma daily NGR up 15% (+16% constant currency) in Q1
· Pro forma daily Sports Labels NGR +18% (+19% constant currency)
· Pro forma daily Games Labels NGR + 6% (+8% constant currency)
Financial highlights
· Pro forma1 Net Gaming Revenue up 9% to €894.6m (+12% in constant currency)
· Pro forma Clean EBITDA2 up 26% to €205.7m
· Adjusted Profit Before Tax3 €93.8m vs €46.4m in 2015
· Second special dividend euro 15.1c, giving total euro 30c dividends declared for FY 2016
· Net debt4 €131.5m just 0.6x Clean EBITDA
· Long-term refinancing secured with oversubscribed institutional debt issue
Operational highlights
· Successful integration of bwin.party
· Improved platform stability and significantly improved product offering
· Sports Labels pro forma NGR up 14% (+16% in constant currency)
· Improved sports win margin to 9.6% (2015: 8.6%)
· Pro forma gaming NGR from the acquired bwin sports labels up 26%, while value of first time deposits +37%
· Games Labels pro forma NGR down 4% (flat in constant currency), H2 pro forma NGR up 4% in constant currency
· On target to achieve €125m5 synergy run rate at end of 2017
· 95% of Group revenues derived/processed through our proprietary platform
Current trading6
· Pro forma daily NGR up 15% (+16% constant currency) in Q1
· Pro forma daily Sports Labels NGR +18% (+19% constant currency)
· Pro forma daily Games Labels NGR + 6% (+8% constant currency)
dreamcatcher
- 23 Mar 2017 17:51
- 297 of 404
23 Mar
Liberum Capital
830.00
Buy
Liberum Capital
830.00
Buy
dreamcatcher
- 23 Mar 2017 21:13
- 298 of 404
GVC to pay above-forecast second special dividend with underlying trading strong
Share
09:14 23 Mar 2017
The online sports betting and gaming - which bought Bwin for £1.1bln in September 2015 after a heated bidding war with 888 Holdings PLC (LON:888) - declared a second special dividend of 15.1 euro cents, taking the total payout for the year to 30 euro cents
GVC, whose brands also include Foxy Bingo and partypoker, said full-year 2016 group ‘clean’ underlying earnings was up 26% to €205.7mln
Foxy Bingo owner GVC Holdings PLC (LON:GVC) is to pay a bigger than expected second special dividend for 2016 on the back of strong underlying trading helped by its acquisition of Bwin which completed last year.
The online sports betting and gaming - which bought Bwin for £1.1bln in September 2015 after a heated bidding war with 888 Holdings PLC (LON:888) - declared a second special dividend of 15.1 euro cents, taking the total payout for the year to 30 euro cents.
In November, the FTSE 250-listed firm had said it would pay a special dividend of 10 euro cents per share for 2016, before bumping it up to 14.9 euro cents in December.
GVC, whose brands also include partypoker and Sportingbet, said full-year 2016 group ‘clean’ underlying earnings (EBITDA) was up 26% to €205.7mln (US$222.09mln), while revenue rose 8% to €873.2mln.
Kenneth Alexander, GVC’s CEO, said: "The acquisition of bwin.party in February 2016 was our most ambitious transaction to date and through the hard work of our people we have once again demonstrated our ability to create significant shareholder value through selected acquisitions.
“Our strategy of pursuing international diversification and scale through leveraging our proprietary technology, is more appropriate today than at any time in our history. The organic growth opportunity is equally exciting and we are confident of delivering further growth in 2017."
Top pick ...
In a note to clients, analysts at Liberum Capital said: “FY16 Results are at the top end of previous expectations and FY17 has started very strongly - a further special dividend is an additional sign of confidence.”
They added: “We see future scope for upgrades in addition to an upwards re-rating; a P/E of 11x FY18 is very attractive given we forecast EPS to more than double between FY16 and FY18.”
The analysts said: “GVC has been our top pick amongst the operators in the sector; its business is well diversified across growth markets and is supported by a significant proportion of proprietary technology.”
Liberum reiterated a ‘buy’ rating and 830p price target on GVC.
In early trading, GVC shares were up 2.1%, or 15p at 723p.
Share
09:14 23 Mar 2017
The online sports betting and gaming - which bought Bwin for £1.1bln in September 2015 after a heated bidding war with 888 Holdings PLC (LON:888) - declared a second special dividend of 15.1 euro cents, taking the total payout for the year to 30 euro cents
GVC, whose brands also include Foxy Bingo and partypoker, said full-year 2016 group ‘clean’ underlying earnings was up 26% to €205.7mln
Foxy Bingo owner GVC Holdings PLC (LON:GVC) is to pay a bigger than expected second special dividend for 2016 on the back of strong underlying trading helped by its acquisition of Bwin which completed last year.
The online sports betting and gaming - which bought Bwin for £1.1bln in September 2015 after a heated bidding war with 888 Holdings PLC (LON:888) - declared a second special dividend of 15.1 euro cents, taking the total payout for the year to 30 euro cents.
In November, the FTSE 250-listed firm had said it would pay a special dividend of 10 euro cents per share for 2016, before bumping it up to 14.9 euro cents in December.
GVC, whose brands also include partypoker and Sportingbet, said full-year 2016 group ‘clean’ underlying earnings (EBITDA) was up 26% to €205.7mln (US$222.09mln), while revenue rose 8% to €873.2mln.
Kenneth Alexander, GVC’s CEO, said: "The acquisition of bwin.party in February 2016 was our most ambitious transaction to date and through the hard work of our people we have once again demonstrated our ability to create significant shareholder value through selected acquisitions.
“Our strategy of pursuing international diversification and scale through leveraging our proprietary technology, is more appropriate today than at any time in our history. The organic growth opportunity is equally exciting and we are confident of delivering further growth in 2017."
Top pick ...
In a note to clients, analysts at Liberum Capital said: “FY16 Results are at the top end of previous expectations and FY17 has started very strongly - a further special dividend is an additional sign of confidence.”
They added: “We see future scope for upgrades in addition to an upwards re-rating; a P/E of 11x FY18 is very attractive given we forecast EPS to more than double between FY16 and FY18.”
The analysts said: “GVC has been our top pick amongst the operators in the sector; its business is well diversified across growth markets and is supported by a significant proportion of proprietary technology.”
Liberum reiterated a ‘buy’ rating and 830p price target on GVC.
In early trading, GVC shares were up 2.1%, or 15p at 723p.
Stan
- 23 Mar 2017 21:55
- 299 of 404
These look a real success story don't they D/C, no stamp duty either on purchases either.
dreamcatcher
- 24 Mar 2017 08:17
- 300 of 404
24 Mar
Citigroup
725.00
Neutral hmmmmmmmmm!!!!!!!!!!!!!!!!
Citigroup
725.00
Neutral hmmmmmmmmm!!!!!!!!!!!!!!!!
dreamcatcher
- 24 Mar 2017 17:18
- 301 of 404
Dividend timetable
23 March
Dividend declared
30 March
Ex-dividend date
31 March
record date
12 May
payment
Future trading updates and financial calendar
w/c 24 April
Trading update
4 May
Posting of Annual Report and Accounts
12 May
Dividend payment
25 May
Capital Markets day
20 June
AGM
July
Trading update
September
Interim results
October
Trading update
23 March
Dividend declared
30 March
Ex-dividend date
31 March
record date
12 May
payment
Future trading updates and financial calendar
w/c 24 April
Trading update
4 May
Posting of Annual Report and Accounts
12 May
Dividend payment
25 May
Capital Markets day
20 June
AGM
July
Trading update
September
Interim results
October
Trading update
dreamcatcher
- 24 Mar 2017 17:22
- 302 of 404
Dividend 15.1 euro cents
dreamcatcher
- 30 Mar 2017 07:50
- 303 of 404
Ex dividend today. Fully expecting the sp to drift from today, until next update.
dreamcatcher
- 31 Mar 2017 19:12
- 304 of 404
Good to see a blue day, thought there would be a sell off.
dreamcatcher
- 04 Apr 2017 17:12
- 305 of 404
08:00 04/04/2017
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 900p (from 840p). Story provided by StockMarketWire.com
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 900p (from 840p). Story provided by StockMarketWire.com
dreamcatcher
- 07 Apr 2017 19:01
- 306 of 404
dreamcatcher
- 13 Apr 2017 20:20
- 307 of 404
Future trading updates and financial calendar
w/c 24 April
Trading update
4 May
Posting of Annual Report and Accounts
12 May
Dividend payment
25 May
Capital Markets day
20 June
AGM
July
Trading update
September
Interim results
October
Trading update
w/c 24 April
Trading update
4 May
Posting of Annual Report and Accounts
12 May
Dividend payment
25 May
Capital Markets day
20 June
AGM
July
Trading update
September
Interim results
October
Trading update
dreamcatcher
- 20 Apr 2017 18:36
- 308 of 404
GVC schedules Q1 trading update
StockMarketWire.com
GVC Holdings has confirmed that the Company will release its first quarter KPI's and a trading update on 25 May.
At 2:08pm: (LON:GVC) GVC Holdings Plc share price was -1.5p at 733.5p
Story provided by StockMarketWire.com
StockMarketWire.com
GVC Holdings has confirmed that the Company will release its first quarter KPI's and a trading update on 25 May.
At 2:08pm: (LON:GVC) GVC Holdings Plc share price was -1.5p at 733.5p
Story provided by StockMarketWire.com
dreamcatcher
- 20 Apr 2017 19:39
- 309 of 404
Standard Life Investments (Holdings) Limited (Parent Company) > 12% 35,832,003
dreamcatcher
- 20 Apr 2017 20:16
- 310 of 404
Nearly as big as my holding. :-))
dreamcatcher
- 24 Apr 2017 08:07
- 311 of 404
A few buyers could of purchased cheaper this morning after the rise was quickly dropped.
dreamcatcher
- 26 Apr 2017 17:03
- 312 of 404
Seems now on an upward trajectory.
dreamcatcher
- 29 Apr 2017 13:18
- 313 of 404
dreamcatcher
- 06 May 2017 10:16
- 314 of 404
Dividend payment 12 May 13.1 p
black bird - 07 May 2017 11:06 - 315 of 404
forcasters including digital look expect a divi pay for 2017 28p s/p 730= 3.83 %
oym.with no losses for 2017 S/P should go up from 730p target has been up
same day as 2016 results to 900. BB ps could take over stride gaming bingo.
oym.with no losses for 2017 S/P should go up from 730p target has been up
same day as 2016 results to 900. BB ps could take over stride gaming bingo.
dreamcatcher
- 07 May 2017 11:31
- 316 of 404
or William hill or a real outsider 888 :-))
55011 - 08 May 2017 14:51 - 317 of 404
Re 314; 15.1EUX.
dreamcatcher
- 09 May 2017 16:41
- 318 of 404
Director Deals - GVC Holdings Plc (GVC)
BFN
Lee Feldman, Chairman, bought 7,334 shares in the company on the 3rd May 2017 at a price of 737.00p. The Director now holds 734,141 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
BFN
Lee Feldman, Chairman, bought 7,334 shares in the company on the 3rd May 2017 at a price of 737.00p. The Director now holds 734,141 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
dreamcatcher
- 12 May 2017 20:03
- 319 of 404
SPC news -Updating the market, International betting integrity body ESSA has elected a new Chairperson and expanded its board. FTSE listed GVC Holdings Heike Mayer succeeds outgoing ESSA Chair, Mike O’Kane, who has held the position since 2012.
The ESSA board has also expanded to reflect its growing membership, with Betway’s Jon Russell and David Foster of Paddy Power Betfair strengthening the board of directors.
Heike Mayer, who is responsible for Public and Regulatory Affairs at GVC, takes over as Chair of the association from Mike O’Kane, a veteran of over 40 years in the industry, who has stepped down following his retirement from Ladbrokes
The ESSA board has also expanded to reflect its growing membership, with Betway’s Jon Russell and David Foster of Paddy Power Betfair strengthening the board of directors.
Heike Mayer, who is responsible for Public and Regulatory Affairs at GVC, takes over as Chair of the association from Mike O’Kane, a veteran of over 40 years in the industry, who has stepped down following his retirement from Ladbrokes
dreamcatcher
- 25 May 2017 07:14
- 320 of 404
Trading update
Key highlights: Q1 2017 vs pro forma1 Q1 2016
· Group daily NGR up 13% (+14% in constant currency)
· Sports Brands gross win margin 9.6% (8.5% Q1 2016)
· Sports Brands daily NGR up 16% (+17% constant currency)
· Games Brands daily NGR up 4% (+6% in constant currency)
Key highlights: Current trading (Q2 up to 21 May vs 2016 comparable period)
· Group daily NGR up 16% (+18% in constant currency)
· Sports gross win margin 10.0% (9.6%)
· Daily sports wagers +10% (+12% constant currency)
Key highlights: Q1 2017 vs pro forma1 Q1 2016
· Group daily NGR up 13% (+14% in constant currency)
· Sports Brands gross win margin 9.6% (8.5% Q1 2016)
· Sports Brands daily NGR up 16% (+17% constant currency)
· Games Brands daily NGR up 4% (+6% in constant currency)
Key highlights: Current trading (Q2 up to 21 May vs 2016 comparable period)
· Group daily NGR up 16% (+18% in constant currency)
· Sports gross win margin 10.0% (9.6%)
· Daily sports wagers +10% (+12% constant currency)
Stan
- 09 Jun 2017 17:02
- 321 of 404
Janus Henderson Group plc Go above 10%.
dreamcatcher
- 11 Jun 2017 18:36
- 322 of 404
Stan, out of this at the moment. Put the proceeds in HGM. Would like to get back in for the start of dividends, not the special divi.
Stan
- 06 Jul 2017 07:58
- 323 of 404
Trading update. http://www.moneyam.com/action/news/showArticle?id=5580861
dreamcatcher
- 07 Jul 2017 23:33
- 324 of 404
Company looking for more acquisitions.
dreamcatcher
- 30 Aug 2017 15:31
- 325 of 404
Notice of Half Year Results
RNS
RNS Number : 2268P
GVC Holdings PLC
30 August 2017
30 August 2017
GVC Holdings PLC
("GVC" or the "Group")
Notice of Half Year Results
GVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce that it will publish its half year results for the six months to 30 June 2017 on Thursday 14 September 2017.
RNS
RNS Number : 2268P
GVC Holdings PLC
30 August 2017
30 August 2017
GVC Holdings PLC
("GVC" or the "Group")
Notice of Half Year Results
GVC Holdings PLC (LSE:GVC), the multinational sports betting and gaming group, is pleased to announce that it will publish its half year results for the six months to 30 June 2017 on Thursday 14 September 2017.
dreamcatcher
- 01 Sep 2017 22:11
- 326 of 404
1 Sep
Deutsche Bank
870.00
Buy
1 Sep
Berenberg
920.00
Buy
Deutsche Bank
870.00
Buy
1 Sep
Berenberg
920.00
Buy
T110Mikey - 06 Sep 2017 09:04 - 327 of 404
Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.
The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them
MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2
The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them
MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2
dreamcatcher
- 09 Sep 2017 21:51
- 328 of 404
Interims Thurs 14 Sept
dreamcatcher
- 14 Sep 2017 09:44
- 329 of 404
dreamcatcher
- 14 Sep 2017 09:45
- 330 of 404
14 Sep
Numis
985.00
Buy
Numis
985.00
Buy
Stan
- 18 Sep 2017 06:47
- 331 of 404
D/C, is stamp duty payable on purchasing these shares?
dreamcatcher
- 18 Sep 2017 16:23
- 332 of 404
Not aim share but a main market one, so yes Stan.
Stan
- 18 Sep 2017 17:32
- 333 of 404
Thanks D/C.
dreamcatcher
- 11 Oct 2017 19:21
- 334 of 404
08:50 11/10/2017
Broker Forecast - Macquarie issues a broker note on GVC Holdings Plc
Macquarie today initiates coverage of GVC Holdings Plc (LON:GVC) with a neutral investment rating and price target of 865p. Story provided by StockMarketWire.com
Broker Forecast - Macquarie issues a broker note on GVC Holdings Plc
Macquarie today initiates coverage of GVC Holdings Plc (LON:GVC) with a neutral investment rating and price target of 865p. Story provided by StockMarketWire.com
Stan
- 12 Oct 2017 09:42
- 335 of 404
Trading update http://www.moneyam.com/action/news/showArticle?id=5701223
dreamcatcher
- 12 Oct 2017 18:34
- 336 of 404
12 Oct
Peel Hunt
1,000.00
Buy
Peel Hunt
1,000.00
Buy
Stan
- 02 Nov 2017 08:40
- 337 of 404
dreamcatcher
- 08 Nov 2017 16:00
- 338 of 404
8 Nov
Berenberg
960.00
Buy
Berenberg
960.00
Buy
dreamcatcher
- 29 Nov 2017 16:24
- 339 of 404
29 Nov
Peel Hunt
1,000.00
Buy
Peel Hunt
1,000.00
Buy
Stan
- 07 Dec 2017 13:25
- 340 of 404
Potential takeover http://www.moneyam.com/action/news/showArticle?id=5771828
dreamcatcher
- 07 Dec 2017 15:06
- 341 of 404
GVC Holdings PLC (GVC:LSE) set a new 52-week high during today's trading session when it reached 992.50. Over this period, the share price is up 55.76%.
black bird - 07 Dec 2017 15:38 - 342 of 404
did not see 992 may have sold, long term holder my thinking, BB Target £11 2018
dreamcatcher
- 08 Dec 2017 07:06
- 343 of 404
8 Dec
Peel Hunt
1,200.00
Buy
29 Nov
Peel Hunt
1,000.00
Buy
Peel Hunt
1,200.00
Buy
29 Nov
Peel Hunt
1,000.00
Buy
dreamcatcher
- 08 Dec 2017 15:51
- 344 of 404
8 Dec
Citigroup
1,090.00
Buy
Citigroup
1,090.00
Buy
dreamcatcher
- 13 Dec 2017 11:04
- 345 of 404
GVC- Ladbrokes deal would strengthen profile, says Fitch
StockMarketWire.com
A combination of GVC with Ladbrokes Coral would create one of the leading gaming companies in the world, with a stronger business profile than either would likely be able to achieve individually through organic growth, Fitch Ratings says.
And the agency said that while leverage would initially be higher than for Ladbrokes Coral, there was the potential to fall fairly quickly.
The two groups announced last week that they were in advanced discussions over GVC buying Ladbrokes Coral.
The offer is worth £3.1bn plus a contingent value right that could lift the value to around £3.9bn and which was dependent on the outcome of the Government's review of gaming machine regulations.
Fitch said: 'The plan to fund the majority of the acquisition through new GVC shares would limit the impact on leverage.
'However, Ladbrokes Coral currently has about £1.1bn of debt outstanding which we expect would need to be refinanced, while the CVR would also be funded by additional debt.
'As a result, the combined group's outstanding debt would probably be between £2bn and £2.9bn.
'FFO adjusted net leverage would initially be above that of Ladbrokes Coral, which we forecast to be about 4.1x at end-2017.
'This means it would be higher than the level that we would normally see as commensurate with an investment-grade credit profile, although with good deleveraging prospects.
'However, any assigned rating would depend on multiple factors, in addition to leverage considerations.'
Fitch continues: 'The combined business profile would benefit from enhanced geographic diversification, with over 90% of revenues being generated from regulated or taxed markets, assuming the disposal of GVC's Turkish operations completes.
'The enlarged group would also combine both retail and digital betting offerings, while GVC currently only operates online platforms.
'This would enhance the group's ability to improve brand and product awareness as well as customer retention through enhanced omni-channel and marketing initiatives.
'We believe that there is potential for material cost-savings.
'GVC has a good track record of integrating large acquisitions, while Ladbrokes Coral has made good progress on integration since the 2016 merger of Ladbrokes and Gala Coral.
'Improved profitability and cash generation from a successful integration would help offset any additional regulation and a very competitive operating environment, and could lead to faster deleveraging.
'GVC's proprietary technology should provide further advantages.
'It is currently used to generate 95% of GVC's revenues, while Ladbrokes Coral uses platforms provided by third parties.'
At 8:36am: (LON:GVC) GVC Holdings Plc share price was -6p at 923p
Story provided by StockMarketWire.com
StockMarketWire.com
A combination of GVC with Ladbrokes Coral would create one of the leading gaming companies in the world, with a stronger business profile than either would likely be able to achieve individually through organic growth, Fitch Ratings says.
And the agency said that while leverage would initially be higher than for Ladbrokes Coral, there was the potential to fall fairly quickly.
The two groups announced last week that they were in advanced discussions over GVC buying Ladbrokes Coral.
The offer is worth £3.1bn plus a contingent value right that could lift the value to around £3.9bn and which was dependent on the outcome of the Government's review of gaming machine regulations.
Fitch said: 'The plan to fund the majority of the acquisition through new GVC shares would limit the impact on leverage.
'However, Ladbrokes Coral currently has about £1.1bn of debt outstanding which we expect would need to be refinanced, while the CVR would also be funded by additional debt.
'As a result, the combined group's outstanding debt would probably be between £2bn and £2.9bn.
'FFO adjusted net leverage would initially be above that of Ladbrokes Coral, which we forecast to be about 4.1x at end-2017.
'This means it would be higher than the level that we would normally see as commensurate with an investment-grade credit profile, although with good deleveraging prospects.
'However, any assigned rating would depend on multiple factors, in addition to leverage considerations.'
Fitch continues: 'The combined business profile would benefit from enhanced geographic diversification, with over 90% of revenues being generated from regulated or taxed markets, assuming the disposal of GVC's Turkish operations completes.
'The enlarged group would also combine both retail and digital betting offerings, while GVC currently only operates online platforms.
'This would enhance the group's ability to improve brand and product awareness as well as customer retention through enhanced omni-channel and marketing initiatives.
'We believe that there is potential for material cost-savings.
'GVC has a good track record of integrating large acquisitions, while Ladbrokes Coral has made good progress on integration since the 2016 merger of Ladbrokes and Gala Coral.
'Improved profitability and cash generation from a successful integration would help offset any additional regulation and a very competitive operating environment, and could lead to faster deleveraging.
'GVC's proprietary technology should provide further advantages.
'It is currently used to generate 95% of GVC's revenues, while Ladbrokes Coral uses platforms provided by third parties.'
At 8:36am: (LON:GVC) GVC Holdings Plc share price was -6p at 923p
Story provided by StockMarketWire.com
dreamcatcher
- 18 Dec 2017 19:52
- 346 of 404
18 Dec
Numis
1,133.00
Buy
Numis
1,133.00
Buy
dreamcatcher
- 02 Jan 2018 16:24
- 347 of 404
2 Jan
Barclays...
1,066.00
Overweight
Barclays...
1,066.00
Overweight
dreamcatcher
- 11 Jan 2018 15:58
- 348 of 404
Trading update
Key highlights (year to 31 December 2017 unless stated)
· Total NGR c€1,009m, an increase of 13% on pro forma 2016
· Underlying NGR growth +18% on pro forma 2016
· Clean EBITDA is expected to be at the top end of management's internal expectations
· Q4 NGR €279.5m - a record since the acquisition of bwin.party in February 2016
· Q4 underlying NGR growth +31% - strongest quarter since bwin.party acquisition
Key highlights (year to 31 December 2017 unless stated)
· Total NGR c€1,009m, an increase of 13% on pro forma 2016
· Underlying NGR growth +18% on pro forma 2016
· Clean EBITDA is expected to be at the top end of management's internal expectations
· Q4 NGR €279.5m - a record since the acquisition of bwin.party in February 2016
· Q4 underlying NGR growth +31% - strongest quarter since bwin.party acquisition
dreamcatcher
- 26 Jan 2018 17:45
- 349 of 404
GVC Holdings: Berenberg reiterates buy with a target price of 1,070p.
dreamcatcher
- 22 Feb 2018 07:14
- 350 of 404
22 Feb
Berenberg
1,200.00
Buy
Berenberg
1,200.00
Buy
dreamcatcher
- 09 Mar 2018 14:44
- 351 of 404
Final results
Financial highlights1
· NGR +17% to €925.6m vs pro forma 2016 (+ 17% in constant currency)
· Clean EBITDA +40% to €239.5m vs pro forma 2016
· Adjusted profit before tax +182% to €178.7m
· Adjusted EPS €0.56 (2016: €0.19), adjusted EPS inc discont'd €0.66 (2016: €0.31)
· Second interim dividend €0.175, giving full year €0.34 (+13% vs 2016)
· Net debt €108.6m (2016: €126.1m)
Operational highlights1
· Sports Brands NGR +20% vs pro forma 2016, driven by strong sports and gaming
· Games Brands NGR +12% vs pro forma 2016, driven by investment in partypoker and positive performance from casino brands
· Platform migration of all key territories now complete
· Significant product development and enhancements released in 2017 and more to come in 2018
· Disposal of Headlong and associated Turkish facing businesses
Update and Current Trading (Q1 for period up to 4 March)
· GVC and Ladbrokes Coral shareholders overwhelmingly approve acquisition
· Strong start to 2018 with NGR +16% (+18% in constant currency) up to 4 March 2018
· Acquisition post period end of 51% of Mars LLC ('Crystalbet') in Republic of Georgia
· Board's expectations for the full year remain unchanged
Financial highlights1
· NGR +17% to €925.6m vs pro forma 2016 (+ 17% in constant currency)
· Clean EBITDA +40% to €239.5m vs pro forma 2016
· Adjusted profit before tax +182% to €178.7m
· Adjusted EPS €0.56 (2016: €0.19), adjusted EPS inc discont'd €0.66 (2016: €0.31)
· Second interim dividend €0.175, giving full year €0.34 (+13% vs 2016)
· Net debt €108.6m (2016: €126.1m)
Operational highlights1
· Sports Brands NGR +20% vs pro forma 2016, driven by strong sports and gaming
· Games Brands NGR +12% vs pro forma 2016, driven by investment in partypoker and positive performance from casino brands
· Platform migration of all key territories now complete
· Significant product development and enhancements released in 2017 and more to come in 2018
· Disposal of Headlong and associated Turkish facing businesses
Update and Current Trading (Q1 for period up to 4 March)
· GVC and Ladbrokes Coral shareholders overwhelmingly approve acquisition
· Strong start to 2018 with NGR +16% (+18% in constant currency) up to 4 March 2018
· Acquisition post period end of 51% of Mars LLC ('Crystalbet') in Republic of Georgia
· Board's expectations for the full year remain unchanged
dreamcatcher
- 09 Mar 2018 18:14
- 352 of 404
9 Mar
Peel Hunt
1,200.00
Buy
Peel Hunt
1,200.00
Buy
dreamcatcher
- 03 Apr 2018 17:35
- 353 of 404
GVC Holdings: Barclays reiterates overweight with a target price of 1,210p.
dreamcatcher
- 09 Apr 2018 17:16
- 354 of 404
09:40 09/04/2018
Broker Forecast - Deutsche Bank issues a broker note on GVC Holdings Plc
Deutsche Bank today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1300p (from 985p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Deutsche Bank issues a broker note on GVC Holdings Plc
Deutsche Bank today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1300p (from 985p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 09 Apr 2018 17:17
- 355 of 404
9 Apr
Deutsche Bank
1,300.00
Buy
9 Apr
HSBC
880.00
Hold
Deutsche Bank
1,300.00
Buy
9 Apr
HSBC
880.00
Hold
dreamcatcher
- 18 Apr 2018 18:30
- 356 of 404
12:50 18/04/2018
Broker Forecast - Numis issues a broker note on GVC Holdings Plc
Numis today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1141p (from 1133p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Numis issues a broker note on GVC Holdings Plc
Numis today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1141p (from 1133p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 08 May 2018 17:46
- 357 of 404
10:30 08/05/2018
Broker Forecast - Shore Capital issues a broker note on GVC Holdings Plc
Shore Capital today initiates coverage of GVC Holdings Plc (LON:GVC) with a buy investment rating and price target of 871p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Shore Capital issues a broker note on GVC Holdings Plc
Shore Capital today initiates coverage of GVC Holdings Plc (LON:GVC) with a buy investment rating and price target of 871p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 17 May 2018 16:48
- 358 of 404
Triennial Review
RNS
RNS Number : 3893O
GVC Holdings PLC
17 May 2018
17 May 2018
GVC Holdings PLC
("GVC", the "Group")
Triennial Review
GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, notes the announcement made today by the UK Government regarding the Triennial Review.
The Government has today published its final decision on the Triennial Review, concluding that stakes on B2 content should be cut to a maximum of £2 per spin. Whilst we welcome the certainty provided by the announcement, we are disappointed with the outcome, particularly given the previous independent evidence on stake cuts published by both the Gambling Commission and the Responsible Gambling Strategy Board.
It is now important that the industry is given an adequate implementation period to help prepare and plan for the shop closures that will arise, including attempting to mitigate the impact of resultant job losses. Significant re-engineering of the machines and gaming software will also be required to effect these changes.
Today's Government announcement marks the end of uncertainty on FOBT staking limits. As a responsible business, we re-iterate our commitment to work closely with the Government and our regulators to ensure that both our retail and online offerings are places where customers can enjoy gambling in a safe and secure environment. In order to achieve a positive and constructive working relationship, GVC confirms that it does not intend to seek a Judicial Review of the Triennial Review decision.
Expected financial impact
The focus in the UK Retail operation over the last two years has been to create a business that is well placed to face these structural and regulatory headwinds. As such we expect to be able to reposition the business within two years following implementation, with an anticipated fully mitigated impact of c£120m on Group EBITDA secured by the end of this period. In the first full year the impact on Group EBITDA is anticipated to be in the region of £160m. Therefore, we expect to retain a profitable and highly cash generative UK Retail estate. Furthermore, our proven leading multi-channel expertise presents additional opportunities to drive online growth.
The offer for Ladbrokes Coral Group ("Ladbrokes Coral") envisaged the possibility of a £2 maximum stake Triennial Review (see below) and today's announcement has no impact on the minimum targeted synergies of at least £100m per annum.
Contingent Value Right
As part of the consideration paid for the acquisition of Ladbrokes Coral, GVC issued to each Ladbrokes Coral shareholder a Contingent Value Right ("CVR") for each Ladbrokes Coral share that they held. The CVRs were constituted under a deed poll made by the Company ("CVR Instrument"), a copy of which can be found at www.gvc-plc.com.The value of each CVR, and therefore the value of any payment ultimately due from GVC to CVR holders, is directly linked to the outcome of the Triennial Review and certain laws enacted pursuant to it. Whilst there is a formal process and methodology for determining the value of the CVRs, which GVC will adhere to, the CVR Instrument envisages that if legislation is enacted prior to 28 March 2019 reducing maximum stakes to £2, as announced by the Government today, this will result in each CVR having zero value. In such circumstances no payment would be required to be made by GVC to CVR holders and the CVRs would be automatically cancelled.
Trading update and pro forma financial information
The Group intends to provide a current trading update, along with enlarged Group pro forma financial information on 25 May 2018. An analyst call will be held at 9.00 AM on the same day. Participants may join the call by dialing one of the following numbers, approximately 10 minutes before the start of the call:
RNS
RNS Number : 3893O
GVC Holdings PLC
17 May 2018
17 May 2018
GVC Holdings PLC
("GVC", the "Group")
Triennial Review
GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, notes the announcement made today by the UK Government regarding the Triennial Review.
The Government has today published its final decision on the Triennial Review, concluding that stakes on B2 content should be cut to a maximum of £2 per spin. Whilst we welcome the certainty provided by the announcement, we are disappointed with the outcome, particularly given the previous independent evidence on stake cuts published by both the Gambling Commission and the Responsible Gambling Strategy Board.
It is now important that the industry is given an adequate implementation period to help prepare and plan for the shop closures that will arise, including attempting to mitigate the impact of resultant job losses. Significant re-engineering of the machines and gaming software will also be required to effect these changes.
Today's Government announcement marks the end of uncertainty on FOBT staking limits. As a responsible business, we re-iterate our commitment to work closely with the Government and our regulators to ensure that both our retail and online offerings are places where customers can enjoy gambling in a safe and secure environment. In order to achieve a positive and constructive working relationship, GVC confirms that it does not intend to seek a Judicial Review of the Triennial Review decision.
Expected financial impact
The focus in the UK Retail operation over the last two years has been to create a business that is well placed to face these structural and regulatory headwinds. As such we expect to be able to reposition the business within two years following implementation, with an anticipated fully mitigated impact of c£120m on Group EBITDA secured by the end of this period. In the first full year the impact on Group EBITDA is anticipated to be in the region of £160m. Therefore, we expect to retain a profitable and highly cash generative UK Retail estate. Furthermore, our proven leading multi-channel expertise presents additional opportunities to drive online growth.
The offer for Ladbrokes Coral Group ("Ladbrokes Coral") envisaged the possibility of a £2 maximum stake Triennial Review (see below) and today's announcement has no impact on the minimum targeted synergies of at least £100m per annum.
Contingent Value Right
As part of the consideration paid for the acquisition of Ladbrokes Coral, GVC issued to each Ladbrokes Coral shareholder a Contingent Value Right ("CVR") for each Ladbrokes Coral share that they held. The CVRs were constituted under a deed poll made by the Company ("CVR Instrument"), a copy of which can be found at www.gvc-plc.com.The value of each CVR, and therefore the value of any payment ultimately due from GVC to CVR holders, is directly linked to the outcome of the Triennial Review and certain laws enacted pursuant to it. Whilst there is a formal process and methodology for determining the value of the CVRs, which GVC will adhere to, the CVR Instrument envisages that if legislation is enacted prior to 28 March 2019 reducing maximum stakes to £2, as announced by the Government today, this will result in each CVR having zero value. In such circumstances no payment would be required to be made by GVC to CVR holders and the CVRs would be automatically cancelled.
Trading update and pro forma financial information
The Group intends to provide a current trading update, along with enlarged Group pro forma financial information on 25 May 2018. An analyst call will be held at 9.00 AM on the same day. Participants may join the call by dialing one of the following numbers, approximately 10 minutes before the start of the call:
HARRYCAT
- 17 May 2018 19:31
- 359 of 404
What do you think of these dc?
I remember when the US ban on betting was introduced and many of these stocks crashed.
GVC has swallowed up a number of the smaller companies. WMH seems ready to go in the US. Not sure about 888. PPB definitely one to watch, imo.
Assuming this goes ahead, then even allowing for the FOBM loss in revenue, the anticipated US revenue should more than offset that.
I remember when the US ban on betting was introduced and many of these stocks crashed.
GVC has swallowed up a number of the smaller companies. WMH seems ready to go in the US. Not sure about 888. PPB definitely one to watch, imo.
Assuming this goes ahead, then even allowing for the FOBM loss in revenue, the anticipated US revenue should more than offset that.
dreamcatcher
- 17 May 2018 20:47
- 360 of 404
Certainly thought there would be a hefty fall today Harry. I think the reduction in the stake is good. Families must be being torn to shreds, with some gambling getting out of control. Just think 5 spins of the wheel equalled up to £500, crazy.
cynic
- 18 May 2018 07:59
- 361 of 404
you clearly missed this important bit, which is no doubt why the shares shot up another 50p yesterday .....
The offer for Ladbrokes Coral Group ("Ladbrokes Coral") envisaged the possibility of a £2 maximum stake Triennial Review (see below) and today's announcement has no impact on the minimum targeted synergies of at least £100m per annum.
The offer for Ladbrokes Coral Group ("Ladbrokes Coral") envisaged the possibility of a £2 maximum stake Triennial Review (see below) and today's announcement has no impact on the minimum targeted synergies of at least £100m per annum.
dreamcatcher
- 18 May 2018 15:52
- 362 of 404
Cheers cynic.
dreamcatcher
- 25 May 2018 07:03
- 363 of 404
dreamcatcher
- 25 May 2018 17:57
- 364 of 404
25 May
Numis
1,141.00
Buy
25 May
Shore Capital
983.00
Buy
Numis
1,141.00
Buy
25 May
Shore Capital
983.00
Buy
dreamcatcher
- 04 Jun 2018 17:20
- 365 of 404
11:30 04/06/2018
Broker Forecast - HSBC issues a broker note on GVC Holdings Plc
HSBC today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to buy (from hold) and raised its price target to 1135p (from 880p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
11:20 04/06/2018
Broker Forecast - AlphaValue issues a broker note on GVC Holdings Plc
AlphaValue today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to buy (from add). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - HSBC issues a broker note on GVC Holdings Plc
HSBC today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to buy (from hold) and raised its price target to 1135p (from 880p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
11:20 04/06/2018
Broker Forecast - AlphaValue issues a broker note on GVC Holdings Plc
AlphaValue today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to buy (from add). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
HARRYCAT
- 15 Jun 2018 12:26
- 366 of 404
Playtech plc
Result of Secondary Placing of holding in GVC Holdings plc
Playtech plc ("Playtech" or the "Company") has held a stake of approximately 3.4% of GVC Holdings plc's ("GVC") issued share capital which it received as a result of its previous holding in Ladbrokes Coral Group plc (previously Ladbrokes plc).
Following a placing conducted through Goodbody, UBS Limited and Shore Capital (the "Placing"), Playtech has sold its entire holding of c.19.6 million ordinary shares in GVC at a price of 1010 pence per ordinary share. The Placing is expected to settle on a T+2 basis, on 11 June 2018. Following completion of the Placing, Playtech will no longer hold any interest in GVC's ordinary shares.
Result of Secondary Placing of holding in GVC Holdings plc
Playtech plc ("Playtech" or the "Company") has held a stake of approximately 3.4% of GVC Holdings plc's ("GVC") issued share capital which it received as a result of its previous holding in Ladbrokes Coral Group plc (previously Ladbrokes plc).
Following a placing conducted through Goodbody, UBS Limited and Shore Capital (the "Placing"), Playtech has sold its entire holding of c.19.6 million ordinary shares in GVC at a price of 1010 pence per ordinary share. The Placing is expected to settle on a T+2 basis, on 11 June 2018. Following completion of the Placing, Playtech will no longer hold any interest in GVC's ordinary shares.
dreamcatcher
- 11 Jul 2018 07:02
- 367 of 404
Appointment of Brokers & notice of trading update
RNS
RNS Number : 2153U
GVC Holdings PLC
11 July 2018
11 July 2018
GVC Holdings PLC
("GVC", the "Group")
Appointment of Joint Corporate Brokers
& confirmation of post close trading update
GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce the appointment of Deutsche Bank and Berenberg as its Corporate Brokers with immediate effect.
The Group intends to announce a post close trading update on 18 July 2018.
- ends -
RNS
RNS Number : 2153U
GVC Holdings PLC
11 July 2018
11 July 2018
GVC Holdings PLC
("GVC", the "Group")
Appointment of Joint Corporate Brokers
& confirmation of post close trading update
GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce the appointment of Deutsche Bank and Berenberg as its Corporate Brokers with immediate effect.
The Group intends to announce a post close trading update on 18 July 2018.
- ends -
dreamcatcher
- 18 Jul 2018 07:04
- 368 of 404
Trading Update
RNS
RNS Number : 9540U
GVC Holdings PLC
18 July 2018
18 July 2018
GVC Holdings PLC
("GVC", the "Group")
H1 Post Close Trading Update
GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce a post close H1 trading update.
Key highlights (proforma basis1):
Q2:
· Positive growth trends continue with Group NGR +11% (cc2 +12%)
· Strong Online NGR growth at +22% (cc2 +25%)
· UK Retail Like-for-like ("LFL")3 NGR in growth at +2% helped by World Cup
· European Retail NGR +19% (cc2 +16%)
H1:
· Group NGR +8% (cc2 +8%)
· Online NGR +18% (cc2 +20%)
· For the period up to commencement of the World Cup Online NGR +15% (cc2 +17%)
· Positive World Cup driven by margin and volume
· UK Retail LFL3 NGR -3%
· European Retail NGR +29% (cc2 +26%)
The Group saw an acceleration in year-on-year growth in Q2 2018 over Q1 2018 driven by good underlying momentum and the World Cup.
Online NGR growth was 22% in Q2 (cc2 +25%) and +18% (cc2 +20%) for the six months to 30 June 2018. Online NGR for the period from 1 January to 13 June (i.e. prior to the commencement of the World Cup) was +15% (cc2 +17%), reflecting strong underlying growth. The Online brands have continued to benefit from a pipeline of new products and from high profile marketing campaigns.
UK Retail trends improved in the second quarter as the weather proved less disruptive than in the first quarter, while growth in European Retail remained very strong, albeit helped by a soft comparative.
The World Cup tournament as a whole has been a good one for the Group, helped by a better than expected gross win margin but also importantly volumes and value of new customer deposits.
The Group intends to release its interim results on 13 September 2018.
Kenneth Alexander (CEO) said:
"I am pleased to report this positive trading update whilst at the same time undertaking the integration of the Ladbrokes Coral business. The strong momentum across the online business has continued and means we are well placed to deliver against our full year expectations."
Notes:
(1) The Group's proforma results are presented as if the current Group, post the acquisition of Ladbrokes Coral, had always existed. As such, it excludes the results of the Turkish business which was discontinued during 2017and the 360 shops that the Ladbrokes Coral Group was required to divest on merger.
(2) Growth on a constant currency basis is calculated by translating both current and prior year performance at the 2018 exchange rates.
(3) UK Retail numbers are quoted on a LFL basis. During H1 and Q2 there were an average of 3,562 shops in the estate, compared to an average of 3,662 in the same periods last year.
RNS
RNS Number : 9540U
GVC Holdings PLC
18 July 2018
18 July 2018
GVC Holdings PLC
("GVC", the "Group")
H1 Post Close Trading Update
GVC Holdings PLC (LSE: GVC), the multinational sports betting and gaming group, is pleased to announce a post close H1 trading update.
Key highlights (proforma basis1):
Q2:
· Positive growth trends continue with Group NGR +11% (cc2 +12%)
· Strong Online NGR growth at +22% (cc2 +25%)
· UK Retail Like-for-like ("LFL")3 NGR in growth at +2% helped by World Cup
· European Retail NGR +19% (cc2 +16%)
H1:
· Group NGR +8% (cc2 +8%)
· Online NGR +18% (cc2 +20%)
· For the period up to commencement of the World Cup Online NGR +15% (cc2 +17%)
· Positive World Cup driven by margin and volume
· UK Retail LFL3 NGR -3%
· European Retail NGR +29% (cc2 +26%)
The Group saw an acceleration in year-on-year growth in Q2 2018 over Q1 2018 driven by good underlying momentum and the World Cup.
Online NGR growth was 22% in Q2 (cc2 +25%) and +18% (cc2 +20%) for the six months to 30 June 2018. Online NGR for the period from 1 January to 13 June (i.e. prior to the commencement of the World Cup) was +15% (cc2 +17%), reflecting strong underlying growth. The Online brands have continued to benefit from a pipeline of new products and from high profile marketing campaigns.
UK Retail trends improved in the second quarter as the weather proved less disruptive than in the first quarter, while growth in European Retail remained very strong, albeit helped by a soft comparative.
The World Cup tournament as a whole has been a good one for the Group, helped by a better than expected gross win margin but also importantly volumes and value of new customer deposits.
The Group intends to release its interim results on 13 September 2018.
Kenneth Alexander (CEO) said:
"I am pleased to report this positive trading update whilst at the same time undertaking the integration of the Ladbrokes Coral business. The strong momentum across the online business has continued and means we are well placed to deliver against our full year expectations."
Notes:
(1) The Group's proforma results are presented as if the current Group, post the acquisition of Ladbrokes Coral, had always existed. As such, it excludes the results of the Turkish business which was discontinued during 2017and the 360 shops that the Ladbrokes Coral Group was required to divest on merger.
(2) Growth on a constant currency basis is calculated by translating both current and prior year performance at the 2018 exchange rates.
(3) UK Retail numbers are quoted on a LFL basis. During H1 and Q2 there were an average of 3,562 shops in the estate, compared to an average of 3,662 in the same periods last year.
dreamcatcher
- 29 Jul 2018 11:26
- 369 of 404
Telegraph - Lucy Burton, Financial services editor
28 July 2018 • 1:59pm
G
ambling giant GVC Holdings is closing in on a $200m (£153m) deal with the world's largest casino operator MGM Resorts International in a move that could clear the way for a mega-merger.
Ladbrokes and Coral owner GVC has confirmed that it is in talks with MGM over a joint venture that could be announced as soon as Monday.
"Discussions are at an advanced stage and will update the market when appropriate," a spokesman said.
Insiders told Sky News, which first reported on the deal, that the tie-up will include a commitment of around 25 years with an option to buy each other out after ten.
The partnership is expected to give FTSE 100 firm GVC a further boost following a recent flurry of gambling activity during the World Cup.
MGM, which owns Las Vegas brands including The Mirage, Bellagio and MGM Grand, is by far the largest of the two with a market capitalisation of over $17bn. It declined to comment on the talks.
Nevada was the only state where bets could be placed on individual sporting events, but a ruling by the US Supreme Court overturned a longstanding ban on sports betting earlier this year.
Although the agreement is not a full-blown merger one source told Sky News that it would be "logical" to assume that a successful pairing could then lead to one.
The two sides already have an alliance in New Jersey under the playMGM brand.
The deal has emerged two months after the US Supreme Court overturned a longstanding ban on sports betting, which led Paddy Power Betfair to boost its US presence by snapping up fantasy sports website Fanduel.
28 July 2018 • 1:59pm
G
ambling giant GVC Holdings is closing in on a $200m (£153m) deal with the world's largest casino operator MGM Resorts International in a move that could clear the way for a mega-merger.
Ladbrokes and Coral owner GVC has confirmed that it is in talks with MGM over a joint venture that could be announced as soon as Monday.
"Discussions are at an advanced stage and will update the market when appropriate," a spokesman said.
Insiders told Sky News, which first reported on the deal, that the tie-up will include a commitment of around 25 years with an option to buy each other out after ten.
The partnership is expected to give FTSE 100 firm GVC a further boost following a recent flurry of gambling activity during the World Cup.
MGM, which owns Las Vegas brands including The Mirage, Bellagio and MGM Grand, is by far the largest of the two with a market capitalisation of over $17bn. It declined to comment on the talks.
Nevada was the only state where bets could be placed on individual sporting events, but a ruling by the US Supreme Court overturned a longstanding ban on sports betting earlier this year.
Although the agreement is not a full-blown merger one source told Sky News that it would be "logical" to assume that a successful pairing could then lead to one.
The two sides already have an alliance in New Jersey under the playMGM brand.
The deal has emerged two months after the US Supreme Court overturned a longstanding ban on sports betting, which led Paddy Power Betfair to boost its US presence by snapping up fantasy sports website Fanduel.
dreamcatcher
- 30 Jul 2018 07:10
- 370 of 404
dreamcatcher
- 21 Aug 2018 12:57
- 371 of 404
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
BFN
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1370p (from 1200p).
Story provided by StockMarketWire.com
Broker Forecasts data provided by www.sharesmagazine.co.uk
BFN
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1370p (from 1200p).
Story provided by StockMarketWire.com
Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 29 Aug 2018 19:44
- 372 of 404
08:40 29/08/2018
Broker Forecast - Morgan Stanley issues a broker note on GVC Holdings Plc
Morgan Stanley today initiates coverage of GVC Holdings Plc (LON:GVC) with a overweight investment rating and price target of 1330p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Morgan Stanley issues a broker note on GVC Holdings Plc
Morgan Stanley today initiates coverage of GVC Holdings Plc (LON:GVC) with a overweight investment rating and price target of 1330p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 30 Aug 2018 13:51
- 373 of 404
Notice of Half Year Results
RNS
RNS Number : 1973Z
GVC Holdings PLC
30 August 2018
30 August 2018
GVC Holdings PLC
Notice of Half Year Results
GVC Holdings PLC, the multinational sports betting and gaming group, announces that it will report its half year results for the six months ended 30 June 2018 on Thursday 13 September 2018.
An analyst presentation will be held at 9:30am (BST) at Deutsche Bank, Winchester House, 1 Great Winchester St, London EC2N 2DB.
The presentation will be webcast live and will be available via the following link: https://edge.media-server.com/m6/p/brci2i6u
Replays will be available on the GVC website.
RNS
RNS Number : 1973Z
GVC Holdings PLC
30 August 2018
30 August 2018
GVC Holdings PLC
Notice of Half Year Results
GVC Holdings PLC, the multinational sports betting and gaming group, announces that it will report its half year results for the six months ended 30 June 2018 on Thursday 13 September 2018.
An analyst presentation will be held at 9:30am (BST) at Deutsche Bank, Winchester House, 1 Great Winchester St, London EC2N 2DB.
The presentation will be webcast live and will be available via the following link: https://edge.media-server.com/m6/p/brci2i6u
Replays will be available on the GVC website.
dreamcatcher
- 12 Sep 2018 06:24
- 374 of 404
2018 Half Year Results
13 September 2018
13 September 2018
HARRYCAT
- 13 Sep 2018 09:39
- 375 of 404
StockMarketWire.com
Sports betting company GVC swung to a pre-tax profit for the first half of the year as the World Cup fuelled a flurry of betting activity boosting retail revenues, though the company warned of regulatory hurdles ahead.
For the six months to 30 June, the company reported a profit before tax of £113.8m, compared with a loss of £6.4m a year earlier, while revenue rose 195% to £1.11bn.
Net gaming revenue (NGR) - the amount gained in stakes minus payouts roe 191% to £1.13bn.
Net gaming revenue was driven by particularly strong growth in the legacy GVC brands and in the UK where Coral.co.uk grew NGR by 28% and Ladbrokes.com by 19%.
Online growth was strong as NGR was 18% ahead of last year, driven by good underlying growth in all material markets and also by a positive World Cup.
UK retail NGR of £664.6m was 5% behind last year, while European retail NGR of £134.1m was 29% ahead of last year.
GVC expects to close around 1,000 Ladbrokes Coral shops following the UK government final Triennial Review decision to reduce maximum B2 stakes to £2 per spin.
The company also warned of a 'significant' impact to performance in Italy, after the newly formed Italian Government implemented wide-ranging restrictions on betting and gaming promotions and advertising.
The company said that while the prior year comparatives get increasingly tough, its target to double digit annual online NGR growth remains on track and it expects to deliver earnings (EBITDA) and operating profit in-line with the board's expectations. 'The performance of the GVC Group in the first half has been extremely pleasing in what has been a very busy period. Strong momentum in Online and European Retail has continued, and a positive World Cup helped improve trends in UK Retail in the second quarter, said Kenneth Alexander, CEO.
Sports betting company GVC swung to a pre-tax profit for the first half of the year as the World Cup fuelled a flurry of betting activity boosting retail revenues, though the company warned of regulatory hurdles ahead.
For the six months to 30 June, the company reported a profit before tax of £113.8m, compared with a loss of £6.4m a year earlier, while revenue rose 195% to £1.11bn.
Net gaming revenue (NGR) - the amount gained in stakes minus payouts roe 191% to £1.13bn.
Net gaming revenue was driven by particularly strong growth in the legacy GVC brands and in the UK where Coral.co.uk grew NGR by 28% and Ladbrokes.com by 19%.
Online growth was strong as NGR was 18% ahead of last year, driven by good underlying growth in all material markets and also by a positive World Cup.
UK retail NGR of £664.6m was 5% behind last year, while European retail NGR of £134.1m was 29% ahead of last year.
GVC expects to close around 1,000 Ladbrokes Coral shops following the UK government final Triennial Review decision to reduce maximum B2 stakes to £2 per spin.
The company also warned of a 'significant' impact to performance in Italy, after the newly formed Italian Government implemented wide-ranging restrictions on betting and gaming promotions and advertising.
The company said that while the prior year comparatives get increasingly tough, its target to double digit annual online NGR growth remains on track and it expects to deliver earnings (EBITDA) and operating profit in-line with the board's expectations. 'The performance of the GVC Group in the first half has been extremely pleasing in what has been a very busy period. Strong momentum in Online and European Retail has continued, and a positive World Cup helped improve trends in UK Retail in the second quarter, said Kenneth Alexander, CEO.
dreamcatcher
- 13 Sep 2018 10:14
- 376 of 404
13 Sep
Numis
N/A
Buy
13 Sep
Shore Capital
N/A
Buy
13 Sep
Peel Hunt
N/A
Buy
Numis
N/A
Buy
13 Sep
Shore Capital
N/A
Buy
13 Sep
Peel Hunt
N/A
Buy
Stan
- 19 Sep 2018 17:53
- 377 of 404
Black Rock inc sell a few http://www.moneyam.com/action/news/showArticle?id=6134547
Stan
- 12 Oct 2018 08:21
- 378 of 404
dreamcatcher
- 12 Oct 2018 16:35
- 379 of 404
10:00 12/10/2018
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1350p (from 1400p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1350p (from 1400p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Stan
- 15 Oct 2018 16:57
- 380 of 404
Black Rock reduce https://www.moneyam.com/action/news/showArticle?id=6167568
HARRYCAT
- 17 Oct 2018 13:54
- 381 of 404
HSBC today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and raised its price target to 1285p (from 1135p).
Stan
- 18 Oct 2018 08:06
- 382 of 404
Trading statement. https://www.moneyam.com/action/news/showArticle?id=6172328
dreamcatcher
- 23 Oct 2018 17:32
- 383 of 404
10:30 23/10/2018
Broker Forecast - Credit Suisse issues a broker note on GVC Holdings Plc
Credit Suisse today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to outperform (from neutral). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Credit Suisse issues a broker note on GVC Holdings Plc
Credit Suisse today upgrades its investment rating on GVC Holdings Plc (LON:GVC) to outperform (from neutral). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Stan
- 24 Oct 2018 15:35
- 384 of 404
Black Rock add a few https://www.moneyam.com/action/news/showArticle?id=6180116
Stan
- 25 Oct 2018 10:43
- 385 of 404
Stan
- 31 Oct 2018 09:32
- 386 of 404
Non-Ex. Director increases holding https://www.moneyam.com/action/news/showArticle?id=6188454
dreamcatcher
- 31 Oct 2018 15:58
- 387 of 404
11:20 31/10/2018
Broker Forecast - Goldman Sachs issues a broker note on GVC Holdings Plc
Goldman Sachs today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1150p (from 1195p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Goldman Sachs issues a broker note on GVC Holdings Plc
Goldman Sachs today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1150p (from 1195p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Stan
- 22 Nov 2018 08:40
- 388 of 404
Acquisition announcement https://www.moneyam.com/action/news/showArticle?id=6216688
Stan
- 26 Nov 2018 14:35
- 389 of 404
Black rock reduce https://www.moneyam.com/action/news/showArticle?id=6220973
cynic
- 14 Dec 2018 09:52
- 390 of 404
one of very few bright spots ..... fortunately i hold in sipp, though even now it is miles below its peak over the last 12 months (716/1160)
* Bookmaker GVC Holdings Plc jumps 9.1 pct on Citi analysts expecting the risk of a major cash outlay to former Ladbrokes shareholders to be removed next week
* Early next week, both UK houses should vote on legislation to cut maximum stakes on some gaming machines from
100 stg to 2 stg
* Co would have been liable to pay ~670 mln stg to Ladbrokes shareholders if legislation aimed at tackling problem gambling had not been introduced before March-end next year, analysts said
* Citi analysts call it a "significant positive catalyst" for stock
* Stock top gainer on FTSE 100
* Bookmaker GVC Holdings Plc jumps 9.1 pct on Citi analysts expecting the risk of a major cash outlay to former Ladbrokes shareholders to be removed next week
* Early next week, both UK houses should vote on legislation to cut maximum stakes on some gaming machines from
100 stg to 2 stg
* Co would have been liable to pay ~670 mln stg to Ladbrokes shareholders if legislation aimed at tackling problem gambling had not been introduced before March-end next year, analysts said
* Citi analysts call it a "significant positive catalyst" for stock
* Stock top gainer on FTSE 100
dreamcatcher
- 15 Dec 2018 16:53
- 391 of 404
Over sold headline in todays Mail.
cynic
- 16 Dec 2018 14:56
- 392 of 404
excellent and bullish write-up in biz section ST
Stan
- 16 Dec 2018 16:30
- 393 of 404
Boy have these slid this year.
dreamcatcher
- 16 Dec 2018 20:30
- 394 of 404
Could well make a few bob here.
Stan
- 16 Dec 2018 20:53
- 395 of 404
Which way up or down?
dreamcatcher
- 16 Dec 2018 21:18
- 396 of 404
up :-))
Stan
- 17 Dec 2018 16:26
- 397 of 404
Director Deals - GVC Holdings Plc (GVC)
BFN
Paul Bowtell, Executive Director, bought 100,000 shares in the company on the 14th December 2018 at a price of 732.71p. The Director now holds 387,438 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.sharesmagazine.co.uk
BFN
Paul Bowtell, Executive Director, bought 100,000 shares in the company on the 14th December 2018 at a price of 732.71p. The Director now holds 387,438 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.sharesmagazine.co.uk
dreamcatcher
- 17 Dec 2018 17:49
- 398 of 404
Pro active investor -
GVC shares slip as Ladbrokes comes under fire for problem gambler hush money
Share
12:30 17 Dec 2018
According to a report from The Guardian, Ladbrokes had agreed to pay the victims of the problem gambler £1mln in return for a pledge to not inform the industry regulator
GVC acquired Ladbrokes in March in a £4bn deal
Shares in FTSE 100 gambling provider GVC Holdings PLC (LON:GVC) slipped in mid-morning trading Monday after its subsidiary, bookmaker Ladbrokes, found itself caught up in a scandal regarding payoffs to victims of a problem gambler.
According to a report from The Guardian on Monday, Ladbrokes had agreed to pay the victims of the problem gambler, who had stolen money from clients of their Dubai-based property business to feed their gambling habit, £1mln in return for a pledge to not inform the industry regulator.
Hush money
The gambler later admitted to having stolen the funds, with Ladbrokes agreeing to pay the money to five of the victims who accused the bookmaker of accepting stolen funds.
However, The Guardian said it had seen the settlement agreement which had included a demand by Ladbrokes that the victims “agree not to bring any complaint or make any report to any regulator in relation to the claim” in order to receive the money.
The paper also revealed that it had been passed text messages and photos that revealed the company had offered the gambling addict generous incentives, including free tickets to Arsenal games, the company box at the Royal Ascot, and return flights from Dubai.
Incentives are a common practice in the industry to ensure the loyalty of high-paying customers.
The issue came to light when the gambler reported the issue to the Gambling Commission, breaking the terms of the settlement.
An area of particular concern were text messages exchanged between the gambler and an account manager assigned to him, which raised doubts around the company’s compliance with regulations designed to prevent problem gambling and money laundering.
The GC, which monitors the industry, said it was investigating the matter to “ascertain the full circumstances” of the revelations.
READ: William Hill PLC hit by £6.2mln fine by The Gambling Commission
The case follows incidents among several gambling firms where the regulator has extracted millions in fines due to failures to spot gambling addiction and money laundering among its clients.
One example is FTSE 250 bookmaker William Hill PLC (LON:WMH), which was fined £6.2mln in February after the GC said it had failed to spot obvious signs of problem gambling and had therefore breached anti-money laundering and social responsibility regulations.
GVC shares were down 3.7% at 694.5p.
GVC shares slip as Ladbrokes comes under fire for problem gambler hush money
Share
12:30 17 Dec 2018
According to a report from The Guardian, Ladbrokes had agreed to pay the victims of the problem gambler £1mln in return for a pledge to not inform the industry regulator
GVC acquired Ladbrokes in March in a £4bn deal
Shares in FTSE 100 gambling provider GVC Holdings PLC (LON:GVC) slipped in mid-morning trading Monday after its subsidiary, bookmaker Ladbrokes, found itself caught up in a scandal regarding payoffs to victims of a problem gambler.
According to a report from The Guardian on Monday, Ladbrokes had agreed to pay the victims of the problem gambler, who had stolen money from clients of their Dubai-based property business to feed their gambling habit, £1mln in return for a pledge to not inform the industry regulator.
Hush money
The gambler later admitted to having stolen the funds, with Ladbrokes agreeing to pay the money to five of the victims who accused the bookmaker of accepting stolen funds.
However, The Guardian said it had seen the settlement agreement which had included a demand by Ladbrokes that the victims “agree not to bring any complaint or make any report to any regulator in relation to the claim” in order to receive the money.
The paper also revealed that it had been passed text messages and photos that revealed the company had offered the gambling addict generous incentives, including free tickets to Arsenal games, the company box at the Royal Ascot, and return flights from Dubai.
Incentives are a common practice in the industry to ensure the loyalty of high-paying customers.
The issue came to light when the gambler reported the issue to the Gambling Commission, breaking the terms of the settlement.
An area of particular concern were text messages exchanged between the gambler and an account manager assigned to him, which raised doubts around the company’s compliance with regulations designed to prevent problem gambling and money laundering.
The GC, which monitors the industry, said it was investigating the matter to “ascertain the full circumstances” of the revelations.
READ: William Hill PLC hit by £6.2mln fine by The Gambling Commission
The case follows incidents among several gambling firms where the regulator has extracted millions in fines due to failures to spot gambling addiction and money laundering among its clients.
One example is FTSE 250 bookmaker William Hill PLC (LON:WMH), which was fined £6.2mln in February after the GC said it had failed to spot obvious signs of problem gambling and had therefore breached anti-money laundering and social responsibility regulations.
GVC shares were down 3.7% at 694.5p.
dreamcatcher
- 08 Jan 2019 16:45
- 399 of 404
10:50 07/01/2019
Broker Forecast - Morgan Stanley issues a broker note on GVC Holdings Plc
Morgan Stanley today reaffirms its overweight investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1280p (from 1330p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
Broker Forecast - Morgan Stanley issues a broker note on GVC Holdings Plc
Morgan Stanley today reaffirms its overweight investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1280p (from 1330p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
dreamcatcher
- 17 Jan 2019 07:10
- 400 of 404
2018 post close trading update
Full year trading highlights1:
· Proforma underlying Group EBITDA2 ahead of expectations3 at £750m to £755m
· Strong growth in Online with NGR +19%
· UK Retail like-for-like ("LFL")4 NGR -3%
· European Retail NGR +16% with strong growth in Italy NGR +18%
· Total Group NGR +9%
Q4 trading highlights1:
· Continued momentum in Online, despite very tough comparatives, and market share gains in all major territories
· Group NGR +5% with Online NGR +15%
Full year trading highlights1:
· Proforma underlying Group EBITDA2 ahead of expectations3 at £750m to £755m
· Strong growth in Online with NGR +19%
· UK Retail like-for-like ("LFL")4 NGR -3%
· European Retail NGR +16% with strong growth in Italy NGR +18%
· Total Group NGR +9%
Q4 trading highlights1:
· Continued momentum in Online, despite very tough comparatives, and market share gains in all major territories
· Group NGR +5% with Online NGR +15%
Stan
- 17 Jan 2019 07:43
- 401 of 404
Might be worth a closer look these.
HARRYCAT
- 17 Jan 2019 09:57
- 402 of 404
Careful Stan, the US Wire Act is starting to cast doubt on the US internet gaming & gambling market. This has happened before, but the market needs certainty over the future of investment in this industry, otherwise it's going to upset the share price of all of the players.
Stan
- 17 Jan 2019 11:23
- 403 of 404
Point taken Harry thanks, yes how many UK outfits actually benefit greatly when they go into the states..not many I can think of lately can you.
dreamcatcher
- 17 Jan 2019 16:55
- 404 of 404
11:30 17/01/2019
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1100p (from 1300p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
17 Jan
Berenberg
1,100.00
Buy
17 Jan
Shore Capital
N/A
Buy
17 Jan
Peel Hunt
N/A
Buy
Broker Forecast - Berenberg issues a broker note on GVC Holdings Plc
Berenberg today reaffirms its buy investment rating on GVC Holdings Plc (LON:GVC) and cut its price target to 1100p (from 1300p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
17 Jan
Berenberg
1,100.00
Buy
17 Jan
Shore Capital
N/A
Buy
17 Jan
Peel Hunt
N/A
Buy
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