peterbirks: (Default)
[personal profile] peterbirks
I meant to take a small long position in Party yesterday afternoon, but forgot. The company's trading update was due out this morning, before trading opened. I'll try to get some money down at Finspreads, but I think the market makers will see that there's likely to be an uptick in the price this morning.

Party suffered in the market because of Empire's woeful update whereas, in fact, it should have benefited. The players that abandoned Empire went back to Party (at least in part). This was missed by the analysts.

Party's update this morning is mainly upbeat, although it looks as if they have lost a few big losers on Starluck I guess they have gone broke). Average revenue per active player on the casinos is $60. I think on poker it is about $25.

Anyone wanting to berate douche-bag Richard Segal can do the following:

9.20 am (UK time) Please call +44(0) 20 7162 0125 (UK) or +1 866 803 8344 (US)
Password: PartyGaming
9.30 am Conference call starts
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