2 Pound Fobt
Remove1/2 pound. Command™ Small Wire Hooks, 4 Hooks, 5 Strips/Pack. Command™ Small Metallic Hooks, Brass Color. Phr verb Pound into is used with these nouns as the object: ↑submission. The Hemosure FIT, also called an immunochemical fecal occult blood test (iFOBT), is a test that also detects occult (hidden) blood in the stool.
Универсальный англо-русский словарь. Академик.ру. 2011.
Смотреть что такое 'FOBT' в других словарях:
FOBT — may refer to:* Faecal occult blood test, used to detect colon cancer and other disease * Fixed Odds Betting Terminals … Wikipedia
FOBT — fecal occult blood test * * * FOBT abbr fecal occult blood test; fecal occult blood testing … Medical dictionary
FOBT — Fecal Occult Blood Test (Medical » Hospitals) Fecal Occult Blood Test (Medical » Physiology) ** Four Oaks Bank & Trust (Business » NASDAQ Symbols) * Fixed Odds Betting Terminal (Community » Sports) … Abbreviations dictionary
FOBT — abbr. FOUR OAKS BANK & TRUST NASDAQ … Dictionary of abbreviations
FOBT — • fecal occult blood test … Dictionary of medical acronyms & abbreviations
FOBT — Fecal occult blood test. A test to check for blood in the stool. Small samples of stool are placed on special cards and sent to a doctor or laboratory for testing. Blood in the stool may be a sign of colorectal cancer. Also called fecal occult… … English dictionary of cancer terms
fecal occult blood test — FOBT. A test to check for blood in the stool. Small samples of stool are placed on special cards and sent to a doctor or laboratory for testing. Blood in the stool may be a sign of colorectal cancer. Also called FOBT … English dictionary of cancer terms
Fecal occult blood — Classification and external resources Cards and bottle used for the Hemoccult test, a type of stool guaiac test. ICD 10 R … Wikipedia
Colorectal cancer — Classification and external resources Diagram of the lower gastrointestinal tract ICD 10 C … Wikipedia
Clinical chemistry — (also known as chemical pathology and clinical biochemistry) is the area of clinical pathology that is generally concerned with analysis of bodily fluids. The discipline originated in the late 19th century with the use of simple chemical tests… … Wikipedia
Colonoscopy — Intervention ICD 9 CM 45.23 MeSH … Wikipedia
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After a lengthy review, the UK Government has announced a new cap of £2 per spin on fixed odds betting terminals (FOBTs).
GVC expects this to reduce earnings before interest, tax, depreciation and amortisation by £160m in the first full year following the change. However, it is also confident of mitigating some of these lost earnings such that the longer-term impact is around £120m. It expects to retain a profitable and cash generative UK High Street business.
The result means the CVRs issued to Ladbrokes Coral shareholders at the time of the merger will have zero value.
After initially falling, the shares recovered to rise slightly on the day of the announcement.
Our view
Fobt 2 Pound Stake
Just as a merger between Ladbrokes and Coral to create the UK's biggest high street bookmaker was bedding in, GVC swooped to acquire the combined group.
The scale of the deal makes it all-important to the group's near-term prospects.
2 Pound Foam
GVC as an online sports betting and gaming specialist, while Ladbrokes Coral's 3,500+ shops gave it more of a bricks and mortar focus. They also differ geographically. GVC has an international focus while the lion's share of Ladbrokes Coral's revenue is generated in the UK. This should mean the two dovetail nicely. Ladbrokes shareholders become less tied to a struggling UK high street, while GVC's exposure to unregulated markets falls.
The question is whether the group can pull it off.
GVC is something of a serial accumulator, and the successful integration of bwin.party means recent form has been good. The group anticipates meaningful earnings growth straight off the bat and says at least £100m of cost savings are there for the taking. It's good to see this remain unchanged even with the headwind of a lower maximum stake on FOBTs.
The takeover was a mixed cash and share deal, and net debt will rise to close to 3 times cash profits. However, GVC should be capable of generating sufficient cash flow to pay off the extra debts soon enough, while still paying a dividend. The prospective yield is currently 3.6%.
There's potential for GVC to expand even further, enticed by new markets coming online. The group expects the German market to open up soon, and the US is opening its door to sports betting. This provides a huge opportunity.
Around $150bn is thought to be wagered on the underground market every year, and this will surely rise as barriers to betting are removed. For the UK bookies, the chance to tap into this huge potential could mean lost machine revenues are more than replaced.
But the road ahead may not be entirely smooth. The change to FOBT stakes is just the latest example of how things tend to get tougher rather than easier when countries are fully regulated.
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