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Author Topic: Greg Raymer No Longer on Team Pokerstars  (Read 24388 times)
SuuPRlim
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« Reply #165 on: March 04, 2011, 07:16:17 PM »

When I went I did economics at school the value of a company was 20 times the annual proft.

Because of the doubts over the future of online poker in the USA FT would be worth somewhat less than this.

I would assume if Stars did take them over they would immediately shut it down.

Surely not - they'd just keep it running and making profits?
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tikay
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« Reply #166 on: March 04, 2011, 07:26:19 PM »

When I went I did economics at school the value of a company was 20 times the annual proft.
Because of the doubts over the future of online poker in the USA FT would be worth somewhat less than this.

I would assume if Stars did take them over they would immediately shut it down.

Possibly less, possibly more - it depends upon how "sexy" the business is, & how it fits in with current City Institutional thinking.

I think Rolls-Royce currently trades at about 15, with high street supermarket chains (mature markets, etc) at 12 or 13. It can be anything, really, but I'd assume a standalone Online Poker room would be single digits, after dicounting for lowered traffic patterns, legislative concerns, & the discount that all Gaming Companies are traded at.

I did some weird back-of-the-envelope numbers for FT whilst having a lie down just now, & I'd take a stab at 20% either side of $1 billion. That's not an offer, though. It's almost certainly complete bollox, too, but I can't be doing with numbers plucked out of the air, there has to be some foundation to them.

FT is rigged, of course. A bloke said as much next door, this week, so it must be true. He knew what he was talking about, too, he'd played live, several times, in Newcastle.
« Last Edit: March 04, 2011, 07:28:46 PM by tikay » Logged

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tikay
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« Reply #167 on: March 04, 2011, 07:28:03 PM »

When I went I did economics at school the value of a company was 20 times the annual proft.

Because of the doubts over the future of online poker in the USA FT would be worth somewhat less than this.

I would assume if Stars did take them over they would immediately shut it down.

Surely not - they'd just keep it running and making profits?

That'd be as illogical as, say, Rank running Blue Square.com, & then opening Grosvenor.com, two sets of overheads competing against one another.

Oh, wait......
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« Reply #168 on: March 04, 2011, 07:31:07 PM »

When I went I did economics at school the value of a company was 20 times the annual proft.

Because of the doubts over the future of online poker in the USA FT would be worth somewhat less than this.

I would assume if Stars did take them over they would immediately shut it down.

Surely not - they'd just keep it running and making profits?

Increase their rake by 10%.

How long would it take to cover the billion?

2 years?
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marcro
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« Reply #169 on: March 04, 2011, 08:15:12 PM »

When I went I did economics at school the value of a company was 20 times the annual proft.

Because of the doubts over the future of online poker in the USA FT would be worth somewhat less than this.

I would assume if Stars did take them over they would immediately shut it down.

Surely not - they'd just keep it running and making profits?

Increase their rake by 10%.

How long would it take to cover the billion?

2 years?

If the market believes that the company has a future of high revenue growth year on year, actual recorded profits are not a big deal in the valuation of the business.
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« Reply #170 on: March 04, 2011, 10:32:04 PM »

I actually believe Stars need FT in play as a competitor to both keep the market fresh and their own team motivated.  I buy the FT pros wanting to get out now,  however they may do better by selling small chunks, than exiting entirely.  
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