Obviously you're all NOT playing on Paddy Power

okidoki987

Paddy Power Share Price has fallen 25% this morning on profit warning!

ionapaul

Just noticed that...the share price has had a great run over the last 12 months and sudden drops like these are not that unusual in the markets.

Culchie

Well ..... better not

karlh

as paul said, its not unusual and mainly down to a recent bad run at the races and slightly tightening margins. seems that when any company doesn't come in with googlesque growth forcasts the market takes notice.

the online business inc. poker is solid as a rock.

perfect time to buy tbh

NickyOD

karlh wrote:

the online business inc. poker is solid as a rock.
perfect time to buy tbh

Will it stay that way? When are they going to allow depsoits and cashouts with Neteller? Maybe they do now because VC does but I'm not sure. When is the software going to have a proper slider? When are their tournaments going to have a decent blind structure? When are they going to stop the compulsory rectal examination when making deposits and cashouts? PPP and VC are the least user friendly poker sites on the web IMO.

Lafortezza

NickyOD wrote:

When are they going to allow depsoits and cashouts with Neteller? Maybe they do now because VC does but I'm not sure. When is the software going to have a proper slider? When are their tournaments going to have a decent blind structure? When are they going to stop the compulsory rectal examination when making deposits and cashouts? PPP and VC are the least user friendly poker sites on the web IMO.

I'd also love to get the answers to these questions. The only thing that I can see that PPP/Tribeca has going for it is relatively soft cash games and decent software.

If PPP could sort out Neteller and some decent deposit/reload bonuses I'd be back there in a shot. I could be seeing it wrong but alot of newcomers to poker seem to start out on PPP because it's Irish and friendly and advertised in Ireland and so on, but they gradually seem to find other sites and make the switch.

What's the usual amount of users online on PPP at 9pm on a weekday? I haven't logged on in a while.

Culchie

karlh wrote:

as paul said, its not unusual and mainly down to a recent bad run at the races and slightly tightening margins. seems that when any company doesn't come in with googlesque growth forcasts the market takes notice.

the online business inc. poker is solid as a rock.

perfect time to buy tbh

Paddy Power's share price has been falling like a stone for 6 weeks now. (Co-inciding with their famous marketing slurge?)

I sold mine then anyway, and I doubt I was alone, and instead put them into Party Gaming, which has increased 25% over the same period. I bought them after they took a 'hit' after their rakeback situation initially put the cat among the pigeons.

Investors don't like to see money being thrown away like this. I'll get the 'we got loads of great PR' argument.

I said at the time that the 'city' will judge Paddy Power.


http://www.lse.co.uk/SharePrice.asp?SharePrice=PAP

karlh

i was making a comment on the share price movement this morning, always seems to decend into a debate about how shít PPP is, but however, nikki is away so i'll answer what i know :

NickyOD wrote:

When are they going to allow depsoits and cashouts with Neteller?

we do not allow US customers to play on PPP and are in talks to allow neteller payments for european customers only which is strangely more complicated that you'ld think. will hopefully know more soon.

NickyOD wrote:

When is the software going to have a proper slider?

it has not been included in our latest release last week but is on a list of improvements scheduled for future ones.

NickyOD wrote:

When are their tournaments going to have a decent blind structure?

open to suggestions. most big rebuys are network wide and getting good numbers. 15min blinds as on the bigger tourneys are pretty standard. admittedly we dont have any deep stack tournaments but there really hasn't been the demand as of yet. we can strucure skin specific tournaments to do anything but all about getting the numbers.

NickyOD wrote:

When are they going to stop the compulsory rectal examination when making deposits and cashouts?

now thankfully
if a player has an active account with a track record and verified payment and withdraw details, we can clear funds instantly via a ping. there is an automatic system coming online shortly which will clear funds once an account has met some basic security requirements. the 72 hour rule is clumsy but if i've realised one thing since i started here, up til now it has been 100% vital for new users until details are verified.

.....and we have Badugi! :v:

ionapaul

Was thinking of buying Party Gaming while in the mid-70p range, but think it is now overvalued. Not something I'd hold long-term, but who knows?

The most money I've ever made in stocks have been buying into great companies after they took big hits, Tyco and AMD. That said, if you believe in the company and its products / service, buy at whatever price it is at, hold and get rich!

My problem with shares in companies with heavy exposure to poker is that, yes, it is an expanding market, yes, it is insanely profitable but can we believe this exponential growth will continue? I am not sure. If PPP had 1,000 regular players in April 2005, 10,000 regular players in October 2005, does that mean it will have 100,000 regular players in April 2006? So many poker sites seem to base their expected growth figures of this sort of situation (very much like the dotcom business plans!), I can't see it all turning out so rosey. I see it going more like the automobile business, dozens and dozens of smaller operators in the first few years of the business, now there are a handful of big conglomerates. Pokerstars, Party Poker, and...?

bohsman

How is it that ladbrokes allow netteler but not americans? It doesnt matter to me because I wont play on the site again other than special tournaments

NickyOD

I've seen american players on VC. They also allow neteller and I've had no problems with cashouts. The online qualifer for last years IPT final was Canadian I believe. The only reason PPP seems to be more popular is its marketed better but as much as I hate tribecca If I had to chose between the 2 I'd always pick VC.

Oh yeah one other question. Apart from tribecca do any other sites do this?

Blinds 100-200. I type in 600, but the raise is to 800. It drives me bloody bananas!!!

Hitchhiker's Guide to...

karlh wrote:

as paul said, its not unusual and mainly down to a recent bad run at the races and slightly tightening margins. seems that when any company doesn't come in with googlesque growth forcasts the market takes notice.

the online business inc. poker is solid as a rock.

perfect time to buy tbh

Rather than getting at you - just want to correct (imho) some comments in your post:

1: recent bad run at the races:

A company is valued at the (discounted) value of all future earnings it will make. A recent bad run at the races would not lead to a 25% fall in value unless investors made the assumption that this bad run would continue into the foreseeable future.

2. googleesque growth projections:

The market's growth projections are driven by the guidance given by the company's directors. i.e. the market usually expects what they are told to expect from the company.


Personally, i like PaddyPower, they have a solid growth strategy for the UK which should go down very well. The only problem is that Ladbrokes and Hills have sewn up many of the best highstreet sites over there. The online business should become a very solid earner as the pp brandname has a lot of credibility and loyalty.

That comment by Culchie about selling pp shares because of their advertising campaign is ridiculous. that was the most high profile campaign of pp's so far, and it cost them a fraction of the pr benefit they received from it. It fully fit into pp's strategy of 'cheeky' marketing and publicised an area of pp's that many people outside of boards.ie wouldn't be aware of.

Culchie

Roundtower2 wrote:

That comment by Culchie about selling pp shares because of their advertising campaign is ridiculous. that was the most high profile campaign of pp's so far, and it cost them a fraction of the pr benefit they received from it. It fully fit into pp's strategy of 'cheeky' marketing and publicised an area of pp's that many people outside of boards.ie wouldn't be aware of.

Roundtower2.....You are entitled to your opinion.

I owned the shares, I could do what I liked. When you see when one of the founder members selling up, and then see them throwing away money like they did, instead of investing it in recruitment of new players (there's hundreds playing every night of the week in pubs) then I'm sorry, but that's not my type of investment anymore.
That money was wasted, who's going to pay for the shortfall?...the punter....how do they do that?.....higher margins .....will the customer like that in this day of the internet, sporting index, betfair etc... no they won't.

I didn't sell them because of their campaign, I sold them because I'd seen enough signs to turn me off my investment.

They have been falling like a stone for the last 6 weeks, and unfortunately, it's not my shares that is moving the share price against them, whilst their industry sector is not falling at all.

And 'cheeky marketing' is so 1990's, the days of the fat cat marketing agencies, taking liquid lunches every Friday....times have changed.

Shareholders are looking at bottom line now, not the 'bells and whistles'

Imposter

NickyOD wrote:

Oh yeah one other question. Apart from tribecca do any other sites do this?
Blinds 100-200. I type in 600, but the raise is to 800. It drives me bloody bananas!!!

Prima/Ladbrokes