Further to a discussion on Small Cap Report (8 May 2013) http://www.stockopedia.com/content/small-cap-report-8-may-fccn-gvc-qpp-rgo-73095/ (I'll post this there too).
Coming a bit late to this one - it has come up recently on a few screens I run because of cheap valuation 6.5x P/E , 9% yield (!?) upgrades, what's not to like - oh yes its involved in the on line gambling market.
Any way looks like it had a pretty poor trajectory of performance from 2007 - 2011 but seems to have been transformed by Sportingbet acquisition in the last year - the integration of which seems to be going remarkably well and they are flagging possible benefits from World Cup next year.
Also Non Exec Chair has just bought 10,000 shares
http://www.stockopedia.com/share-prices/gvc-holdings-LON:GVC/news/rns/131121gvc6820t.htm/?title=director-dealing
& I see the US is looking to expand on line gambling:
http://www.bbc.co.uk/news/technology-25051312
& I like the Companies commitment to paying dividends as indicated by this from the recent announcement:
GVC is financially focused on generating cash and returning a high proportion of this to shareholders by way of dividends. From 2007, GVC has declared over €85 million or £2.00 per share via dividends to its shareholders.
Just thinking this may be worth a punt given it has gone sideways after the big jump since the result in the summer. But seem to remember Sportingbet was pretty controversial - so does any one else have any more views on it now?
Update 04/12/13
Shame seems nobody has a view on it here but see they have issued a positive trading update today which despite "putner freindly sports results" recently they say they expect the full year figures to be at the top of the range. Possibly more upgrades to come therefore and a Full year trading update and further dividend announcement due in January.
