Good morning! It's Paul here.




Mello South - 14 June

Following the amazing success of Mello Derby a few weeks ago, David Stredder has organised another, slightly smaller, one-day investor event - this time in Hever, Kent. For those travelling from London, the direct train from London Bridge only takes 42 minutes. By car, it's near the M25. The surrounding area looks lovely, so it would make a nice mini-break.

The theme is "meet the fund managers", with keynote speakers including Mark Slater, Andy Brough, Ralph Baber, and others.

There will also be 30 companies exhibiting, most of which will be different to the ones at Mello Derby, to avoid duplication. Remember that David hand picks quality companies only, so you won't find a load of junk resource companies trying to part you from your money at any Mello event.

To give you a flavour of what an outstanding event Mello Derby 2018 was, here is a short video from our friends Tamzin & Tim at PIWorld. Hopefully you can see the tremendously positive energy that David injects into his events. The community feel is what it's all about, as well as interesting speakers & good quality companies.

It will be a terrific day out, so is highly recommended. Here's the link for more information, and to book your ticket.




Betting companies

I heard on Radio 4 this morning that the Government is apparently going to cut the maximum stake size on highly addictive fixed odds betting terminals (FOBTs) from £100 to £2. This is likely to have a big negative impact on some gambling companies, but seems to have been widely anticipated - hence share price falls today of only about 2-3%.

GVC Holdings (LON:GVC) says today that the financial impact will be very considerable;

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 cGBP120m on Group EBITDA secured by the end of this period.

In the first full year the impact on Group…

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