Investment Q&A

Q: TSGI is estimated to report earnings on November 6, 2019. What’s your post quarter earnings estimate? Why Tsgi keeps falling? I’m afraid If bad quarter Tsgi will drop to $16 again? I need to free up some cash to buy Lspd, Kl. should I sell it now before earnings or after? Your thoughts please. Thanks as always.

Q: You said Tsgi is 9% discount, so what price should be worth to sell? How to look up Flutter Entertainment share price on lse? Thanks

Q: Is there a decent arbitrage opportunity here now?

Q: The market is up but why TSGi is down? I have 6k shares at average price $25, you still recommend to hold or sell or partial sell? Your thought please. Thanks

Q: I owned Paladin and was very happy with the sale to ENDP, but I, regrettably, held my shares of ENDO until I lost most if not all of my Paladin windfall. You endorsed ENDO and saw future growth there. Now that TSGI has been sold, I am wondering what to do. I realize there is some deal risk and regulatory risk, and I am not fond of the inconvenience of the London Exchange. I am thinking I might sell my TSGI shares and put the proceeds split into LSPD and/or SHOP. I know you see growth in all three, but you have perhaps been endorsing LSPD and SHOP for longer, now. And you took TSGI out of the portfolio (before the sale, I realize). To focus my question, let me ask: How do the two Canadian stocks compare to TSGI in terms of risks/rewards going forward. The 2 for 1 would at least add a bit of diversification.

Q: Presume Flutter shs. wud not be eligible for RRSP or RRIF? The Flutter div. is tiny but can you opine about withholding tax?

Q: Hi. I have 200 shares of TSGI in a TD RRSP account and 200 shares of TSGI in an Interactive Brokers margin cash account (account that can hold shares traded globally)

Unfortunately,the share offer by Fllutter is still below my purchase price.
Questions:
1) What should I do with the shares? Do you think I should hold or sell?
2) What do you think is the potential of the share after both giants merge?

Q: The Canadian Press October 2, 2019 said valuing the offer worth C$31.12 per TSGI share. Your thought please? Thanks

Q: What is the expectation high for this, before the move to the UK exchange?

Q: FYI I saw you thought the US listing might be kept. I was looking over the slides and listening to the presentation. On page 18 it states that neither US or Canada listing will be kept. It will trade in the UK and Dublin only. For myself (depending on the tax implications) this complicates things considerably.

Q: Hello 5i team,
I have read the first wave of questions yesterday. (1) I understand the probability of another bid is higher than zero: this probability is similar to what other deal over the last 2 years? From which entities could it come from? Private equity firm?
(2) Approximately when will the information about the tax consequences will become available (circular)?
(3) Wouldn’t be logical for the new company to trade on more than one exchange (London) since it is a merger of large entities active worldwide? Would it be announced in the circular?
(4)Do you expect the current large discount to persist until the Uk authorities release their decision?
(5) I am right to interpret market reaction this way: Flutter price says the deal is good and it is going to happen; TSGI price says the deal looks good, but not so sure it is going to happen?
(6) in this current context: at what discount % would recommend to sell or sell half of now ?
Thank you for your collaboration, Eric

Q: Could there be another company such as Fox or a private equity firm that might be interested in TSGI? Thx

Q: Hi Peter/Ryan I'm not one to want to hold UK shares of a company, I have 350 Shares of TSGI in my RRSP and TFSA stock accounts what would be the best thing to do at this point. Would you sell now or is there a chance the price will increase. Thanks, Nick

Q: Hello Peter, Another question and bit more direct as still had the shares at slightly higher price than trading today . Would you suggest holding if you see better future or sell and put money elsewhere where you see better potential ( considering the market meltdown today many are becoming more attractive - example 0 TEAM< TTD< ROKU). Thanks

Q: With this company leaving the Canadian and US exchanges what expenses would have to be paid to trade the combined shares in London.

Q: If tsgi was so cheap should a person continue to hold even though the new company trades on london.

Q: Not a question just an F.Y.I..... BNN just posted some numbers on the TSGI deal.... Flutter currently trading at $146.34 which puts a current value of $32.97 on TSGI shares. I wouldn't be too quick to sell at what the market is valuing TSGI after the announcement..

Q: its very interesting that tsgi is merging with this flutter group at about 28. a share.
i sold my tsgi shares over a year ago.
but really this is a horrible deal, what about all the shareholders who bought between 28 and 50 that are still holding it.
its really only a good deal if you bought at 19-20 and i am not sure there are many of those.
even your portfolio exited long ago.i get it we were all in early with amaya but still this deal stinks.
comments dave

Q: I continue to hold this stock, in my TFSA. What are my options, and how does the merger affect my holding.

Q: Your recommendations please on the takeover offer. Wait pending another offer or continued strength in Parent company or sell? The premium is nice but well under what I paid.
Thank you