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Bullboard - Stock Discussion Forum NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

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Comment by Keggerson Nov 08, 2017 3:03pm

RE:strongly considering dipping a toe back in...

I am still holding 20% of my holdings from the day of the buyout offer. I just added 5k shares to it. I am still trying to figure this one out. Go Longs!

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Discussion

Comment by Mastermind28on Nov 08, 2017 2:45pm

RE:strongly considering dipping a toe back in...

Glad i sold all of it when the buyout annoucement came. I am also tempted to get back in.

103

Discussion

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Post by humppyuson Nov 08, 2017 2:38pm

Any Analyst Comments?

Has anyone seen or heard any analysts or talking heads comments on this today? I can't seem to find anything.

128

Discussion

Post by eljoroon Nov 08, 2017 2:31pm

strongly considering dipping a toe back in...

...just to have a small vested interest in how this dramedy plays out. Best, El Joro

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Discussion

Comment by AVandelayon Nov 08, 2017 2:06pm

RE:RE:RE:Re:this is not bullshit

The preference shares WH would be converting are not debt and do not appear to have any dividend. The conversion of these share would not result in any new money to NYX and would not result in any ...more

191

Discussion

Comment by kingshaneon Nov 08, 2017 2:05pm

RE:RE:RE:Re:this is not bullshit

It means more shares and less money to share holders. Once again share holders suffer.

Discussion

Comment by uogradon Nov 08, 2017 1:18pm

RE:RE:Re:this is not bullshit

they recieve no cash but their balance sheet is cleaned up by 150 million dollars of debt that goes away. i could not find interest rate on sedar but on some of their other stuff it is 10% so I ...more

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Discussion

Comment by Bookendson Nov 08, 2017 1:16pm

RE:william hill just put out their own announcement

That's exactly what I was thinking... A huge write down on the debt of 150M... No way NYX would trade in the 1$ to 1.5$ afterwards... It's essentially issuing 40 million shares for a debt ...more

169

Discussion

Comment by borne2runon Nov 08, 2017 1:06pm

RE:Re:this is not bullshit

No, magnum, your understanding is not correct. WH purchased convertible preferred shares that pay dividends. They have the right to convert those preferred shares into common shares @ deemed price of ...more

189

Discussion

Comment by uogradon Nov 08, 2017 1:06pm

RE:Re:this is not bullshit

not debt free but certainly with a much stronger balance sheet. Essentially a pp at 3.67 with no commission costs that all goes off their debt. a beautiful thing.

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Discussion

Post by uogradon Nov 08, 2017 12:23pm

Fyi, william hill confirmed all nyx numbers

So the conversion at 3.67 is correct. The two things william hill disputed in their press release is that they never said they were going to vote against the deal and also the language around ...more

233

Post by bigbaddudeon Nov 08, 2017 12:08pm

This is bullish

If WH buys the shares and they own 30%+ of the company, it's almost guaranteed WH will buy the rest of the company, either immediately or within a year. At this price + the underlying business ...more

219

Post by uogradon Nov 08, 2017 12:08pm

william hill just put out their own announcement

So the way I understand it is william hill own approxmiatley 80 million pounds of preferred shares so given where the pound is trading against the cdn dollar etc, they would be issued approxmiately 40 ...more

226

Discussion

Comment by kingshaneon Nov 08, 2017 11:56am

RE:RE:Danger!

And now my prediction might be meet again. This thing does nothing but dissapoint. William Hill only wants the good stuff and leave the rest of the worthless parts to others. In the end nobody's ...more

137

Discussion

Comment by Investor4000on Nov 08, 2017 11:44am

RE:RE:This is not bullish !

William Hill are using their power to make sure they dont lose their exclusivity to certain territory. They are willing to pay more money to make sure this deal doesnt pass all to bend Scientific game ...more

165

Discussion

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