Monday opening bid for PRTY.L : 40?.

[Sniper]

Party Bouncing... Empire continues to drop!

[goodguy_1]

yes Empire is starting to tank I only have 15-20 minutes delayed LSE qoutes from Yahoo Finance.

I guess PRTY did pre-annouce again that earnings would be light this morning: [ QUOTE ]
On the downside, PartyGaming (PRTY.L: Quote, Profile, Research) shed 2.2 percent after the Chief Executive of Empire Online (EOL.L: Quote, Profile, Research) warned on Monday that the overall online gaming market showed virtually no growth during the third quarter on 2005.



[/ QUOTE ] Reuters.com

I dont see a separate formal press release on the earnings warning thu just saturday's news: http://www.partygaming.com/images/ne...h_08_10_05.pdf

[somapopper]

Party's down 8% at the moment... I thought the move might raise stock prices, but apparently this thing is a blood bath.

Edit: Empire's down almost 25%... jesus. Really folks, get your money out right now.

[Baulucky]

Covered short @ 74 on the bounce back from 70.25

Not ready to buy this thing as an investment, but I think that the downside is limited now. The actual move to break from the skins may play good for their net profit in the medium term.

Who knows really?. I'm even opening a RB party acount this week.

[Cry Me A River]

Empire down 33% and it's not even noon!


How low until Party launches their hostile takeover? Which presumably has been the plan all along...

[Eder]

[ QUOTE ]
[ QUOTE ]
Okay, how about this:
1. Party Poker customer service sucks, and has shown a poor ability to retain its subscribers long term.
2. Poker Room stocks fundamentals are usually derived from $x per subscriber.
3. Party just got rid of 10% of it's reportable subscribers.
4. Not only did they reduce subscribers, but they did it by shutting down the site during a peak weekend prime time. Revenue takes yet another hit because of the site being down.
5. Party will get hit with lawsuits and valid or invalid, lawsuits create uncertainity.
6. Party has a track record of not being able to put a very good PR spin on things.

[/ QUOTE ]

7. Party stock takes a dive after management reduces guidance becuase of the "lost" players

<font color="red"> 8. Management buys back a significant portion of the publicly traded shares at a discount </font>

9. Plan works as intended, revenue 1 year from now is significantly higher than 2005 comparables

10. Stock is worth a boatload more than it was when management instituted buy back.

11. Party Poker makes one million gagillion fazhillion dollars more in the stock market than they already have.

[/ QUOTE ]

Stop giving out secrets most of us have spent 20 years learning....