|
|
#5
10-10-2005, 09:17 AM
|
|||
|
|||
Re: how can we short empire poker?
Empire is down over 30% since friday. Party is down too, but has been steadily declining for a week
|
|
#6
10-10-2005, 01:17 PM
|
|||
|
|||
|
Re: how can we short empire poker?
it's too late to trade based on the news you heard. price has already been taken into account.
|
|
#9
10-10-2005, 04:03 PM
|
|||
|
|||
|
Re: how can we short empire poker?
[ QUOTE ]
it's too late to trade based on the news you heard. price has already been taken into account. [/ QUOTE ] No way... Empire will be traded below 100p until Wednesday and under 10 (yes "10") before April 30, 2006.
|
|
#10
10-10-2005, 04:30 PM
|
|||
|
|||
|
Re: how can we short empire poker?
[ QUOTE ]
ROUNDUP Empire Online shares slammed by worries over PartyGaming relationship 10.10.2005 14:07:52, AFX Europe Focus -- by Rob Branch -- LONDON (AFX) - Empire Online Ltd posted a strong rise in third-quarter revenues and profit but shares plunged 28 pct as investors fretted over the internet-based gaming group's relationship with its key customer. Empire shares sank 51.5 pence to 131.5 by 12.35 pm, valuing the company at around 385 mln stg. The collapse saw other shares in the sector slammed as more optimistic industry growth forecasts were once again called into question. The slide came after PartyGaming PLC, owner of the world's biggest online poker site and Empire's biggest customer, said it had moved its PartyPoker.com brand and all of its players to a newly integrated operating platform. The decision, which had previously been flagged, marks an attempt by PartyGaming to reduce its reliance on the likes of Empire for the generation of new custom. Seymour Pierce analyst Paul Leyland said while it was by no means unexpected, investors, who remain extremely jittery following PartyGaming's September 6 warning, had been "spooked" by the announcement. "I think the slide is overdone as they have got sufficient resources to ensure decent tournaments, decent prizes and full tables. The key is that they have got to build up their own platforms faster than Party can mess up their 'skins' revenues," Leyland said. Empire reported third-quarter net gaming revenues up 71 pct year-on-year to 31.4 mln usd, while net operating profit increased 43 pct to 16.1 mln usd. The increase was driven by a sharp rise in the number of people playing poker and other casino-style games, 53,148 having actively played for money in the period, up 62 pct on the same period a year ago and 24 pct over the quarter. Spokesman Andrew Burnett said Empire was seeing no evidence of an industry-wide slowdown, in marked contrast to cautious projections from PartyGaming. "We are seeing good growth in the industry. We are not seeing any sign that growth is tailing off," he told AFX News. Chief executive Noam Lanir said in a statement that Empire was determined to pursue industry-consolidating opportunities as they arose following the recent successful acquisition of casino and poker brands Club Dice and Noble Poker. Designed to cut its reliance on income streams from PartyGaming and fellow client 888 Holdings PLC, Burnett said he was "astonished" by how well the businesses had performed. Empire stock has lost 52 pct of its value since PartyGaming's alert, in tandem with sector peers. Investors were dealt another blow earlier this month when rival online gaming group Sportingbet PLC scrapped plans to launch a 791 mln stg bid for Empire. Among other shares in the sector, PartyGaming fell 8 pct to a new low of 73.75 pence, while Sportingbet and 888 Holdings declined 4 pct and 8 pct respectively. rob.branch@afxnews.com rhb/har COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and the AFX Financial News logo are registered trademarks of AFX News Limited [/ QUOTE ] So an effin Party/CON affiliate is valued at 385 MILLION STERLING even after Party ("main client" LOL) kicked them... Nice Hand
|
 |
|
|
Linear Mode
