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GVC - Special dividend sends shares higher

May 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GVC
  • Price:
  • 396p
The shares shot over £4 after 2013 results came in ahead of  recently upgraded expectations and GVC also issued a bullish Q1 update, which said it had seen record trading. After the transformational deal to acquire the European and South American operations of Sportingbook, 2013 revenues came in 64% ahead at 181m and pretax profit tripled from 10.7m to 32.9m. Earnings per share were up 83% to 58.6 cents and again virtually all of this is being paid in the form of dividends. The final dividend of 16 cents takes the total for 2013 to 48.5 cents, more than double that of last year. GVC also declared a quarterly dividend of 11.5 cents plus a special dividend of 4.5 cents. The Sportingbook activities were included for nine and a ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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