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are you handling TITAN now? funny you would send folks to G911 http://www.gambling911.com/Titan-Poker-102206.html
Actually since at the moment we are only working with Playtech properties, and because of the new iPoker policy where a player can only join one poker room in the network we have decided to stick to only one poker room in the iPoker network and that will most likely be Betfred poker. But we are going to be adding more networks to our program in November.
Gambling911 does nothing but spit out FALSE information. These are the same clowns that said there was no chance in hell any gambling ban would be passed.
PartyGaming is #2 in terms of real money players, check out pokersitescout.com. That is pretty amazing considering they dumped the US market.
From their financial statement released: prior to the ban, they were doing 900,000 revenue/day and 100,000 revenue/day for their poker and casino properties from NON-US players, respectively.
The ones who are in huge trouble will be the smaller operators like paradise poker and pokerroom. Down the road, they will probably end up selling their operations and giving the proceeds (a few pennies) to their shareholders.
acesup wrote:These are the same clowns that said there was no chance in hell any gambling ban would be passed.I don’t know gambling911, but with due respect, it hasn’t. Yet, anyway. :drink:
In response to the original thread, no they are not going bust, but sure are losing market value right now. Add to this the statement by Mitch Garber the other day (“If you’re going to take U.S. money, and you want to work on this, you have to put your money up, because we financed everyone ’til today. Now, I think there’s going to be a shift in responsibility, while we continue to take responsibility”), who knows! He’s clearly worried.
acesup wrote:Gambling911 does nothing but spit out FALSE information. These are the same clowns that said there was no chance in hell any gambling ban would be passed.From their financial statement released: prior to the ban, they were doing 900,000 revenue/day and 100,000 revenue/day for their poker and casino properties from NON-US players, respectively.
An organisation which has the resources, and is the size of PartyGaming would go on the offensive, and start acquiring assets which would ensure that there was future growth for their PartyGaming brand, and Shareholders.
Too much money is at stake to want to do nothing. :popcorn:
There is a big difference between a share price going down – and the company going bust.
The share price reflects the short term public sentiment of a company – the likelihood of immediate dividends and short term revenue growth. PartyGaming has little chance of either – and so it does not surprise that the market is dumping the shares in favour of more attractive stocks.
But any share price movements have no affect the actual balance sheet or assets of the company – so the whole tone of the article seems wrong.
:shhh:Share prices are normally at a multiple of EPS (earings per share) – and I notice on Yahoo Finance that this is still set at 10.59 EPS – although I’m not sure if that is updated on latest law changes.
http://uk.finance.yahoo.com/q?s=PRTY.LIf the EPS of 10 is right … then I’d expect the share price to rebound to 80p – 100p from it’s current price of 30p.
Hey that Yahoo site is pretty good.
:bigsmile:GOONERS FINANCE UPDATE – THANKS TO YAHOO STATS
2004 EPS = 9.2
2005 EPS = 7.7
2006 EPS = 10 (but surely will be hit)Core Market = United States @ 84%
So if we take out the US market out of those future earnings
then we can project a real ongoing EPS at 16% of 10 = EPS of just 1.60pAt a multiple of 16 (usual dot com pricing) then a share price of 25p – 26p would seem about right.
:tounge2:Bang on the target Paul, share prices are mostly driven by market sentiments and doesn’t reflect the true profitability of a company.
A company of the size of PartyGaming, with deep pockets and abundant resources would lead the market in times of this crisis. It is far from going bust. They are doing everything that a public company should do , keeping in mind the long term perspective.
Just wait and watch, Karim.
Cheers,
SatyaToday was a good day and tomorrow may be a better one, no need to panic… it’s not the solution
Satya wrote:Today was a good day and tomorrow may be a better one, no need to panic… it’s not the solution
Yes, Buddha was right.If the EPS of 10 is right … then I’d expect the share price to rebound to 80p – 100p from it’s current price of 30p.
You would have to do an industry average of EPS or better yet P/E to forecast what a fair value should be. I.e. look at all the quoted casino/poker companies.
