SecurityTSG / Stars Group Inc.
InstitutionOdey Asset Management Group Ltd
Shares1,177,500
Value $ 42,743,000

Odey Asset Management Group Ltd reports 61.25% decrease in ownership of TSG / Stars Group Inc.

August 20, 2018 - Odey Asset Management Group Ltd has filed a 13F-HR/A form disclosing ownership of 1,177,500 shares of Stars Group Inc. (NASDAQ:TSG) with total holdings valued at $42,743,000 USD as of June 30, 2018. Odey Asset Management Group Ltd had filed a previous 13F-HR on May 15, 2018 disclosing 3,038,608 shares of Stars Group Inc. at a value of $83,714,000 USD. This represents a change in shares of -61.25 percent and a change in value of -48.94 percent during the quarter.

Other investors with positions similar to Odey Asset Management Group Ltd include Numeric Investors Llc, Echinus Advisors, LLC, Samlyn Capital, Llc, Balyasny Asset Management Llc, Honeycomb Asset Management LP, and Numeric Investors Llc.

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR/A-1 STARS GROUP COM 85570W100 31.92 1,177,500 -61.25 42,743 -48.94 -59,416 18,445 22.03
2018-06-30 13F-HR STARS GROUP COM 85570W100 528,500 19,153
2018-03-31 13F-HR STARS GROUP COM 85570W100 25.43 3,038,608 -46.58 83,714 -36.84 -67,364 18,545 13.99
2017-12-31 13F-HR STARS GROUP COM 85570W100 21.90 5,688,101 -27.52 132,533 -17.62 -47,295 18,950 11.78
2017-09-30 13F-HR STARS GROUP COM 85570W100 19.20 7,847,705 22.83 160,878 40.67 28,007 18,508 16.18
2017-06-30 13F-HR AMAYA COM 02314M108 17.45 6,388,997 -19.51 114,363 -15.25 -27,018 6,447 4.78
2017-03-31 13F-HR AMAYA COM 02314M108 15.58 7,937,279 -33.81 134,934 -20.47 -63,137 28,398 16.74
2016-12-31 13F-HR AMAYA COM 02314M108 15.18 11,991,000 18.56 169,673 3.55 28,480 -22,657 -13.83
2016-09-30 13F-HR AMAYA COM 02314M108 15.76 10,114,200 1.36 163,850 7.11 2,141 8,740 5.71
2016-06-30 13F-HR AMAYA COM 02314M108 9,978,400 152,969
TSG: Stars Group Analysis and Research Report

2018-09-10 - Asif

Overview The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. The Stars Group’s gaming business is its primary business and source of revenue and currently consists of the operations of Stars Interactive Holdings (IOM) Limited and its subsidiaries and affiliates, which it acquired in August 2014 (the “Stars Interactive Group Acquisition”), and CrownBet Holdings Pty Limited and its subsidiaries and affiliates (“CrownBet”), in which it acquired a majority equity interest in February 2018. Through its Stars Interactive Group division, which is based in the Isle of Man and operates globally, and CrownBet, which operates and is based in Australia, The Stars Group owns and operates gaming and related interactive entertainment businesses, such as online (including desktop and mobile) real-money poker, casino and sports betting (also known as sportsbook) and play-money poker and casino. The Cor...



CUSIP: 02314M108