forwardloop
23 Feb 2016
broker views [link]
dandigirl
23 Feb 2016
Re: Final Results? Punilix: Just maybe the market liked the comment:"""The current year has started well, as the unpredictability of the football season has thus far favoured bookmakers. Customer metrics continue to remain strong and, as a result we maintain our view for 2016. It will be a year of hard work, attention to detail and continued investment as we set about delivering against our 2017 targets""".
gamesinvestor
23 Feb 2016
Re: Final Results? Punilux, I'm guessing that they managed to grow their revenue at all with so much competition, both online and shops is an achievement.Also the growth has increased toward the latter half of the year :-""UK Retail net revenue up 2.0% with Q4 seeing strong growth at +6.5%. ""Then you have online growth -- coming from a poor base granted, but it's ramping much faster with latest marketing :-""Digital net revenue growth at 12.9% with Q4 up 31.4%""I suppose also the impact of increased gambling taxation will be less of a shock next time around and hopefully the spend on marketing has started to kick in more.It's all hope I agree.Games -- still 25% underwater on this munter!
Punilux
23 Feb 2016
Re: Final Results? I realise that today's figures do not mean much in the great scheme of things but why is the market getting excited about figures which managed to be even worse than those left by the old regime? Any positives, such as tax credits and share proceeds, are one-offs whilst the debits are items which are likely to repeat themselves. Everything seems to be slowing down with the exception of low stakes fruit machines and Australia, where I can't find anything to cover the massive exchange differences. LAD doing slightly less badly over the last quarter would not explain the rises today, so could someone explain why?
nk1999
17 Feb 2016
Re: Final Results? I think full year results are due on 23rd Febnk
Punilux
17 Feb 2016
Final Results? Still no announcement date for final results or even indication of previous quarter . They are now a long way behind the existing news cycle . Any reason why? They have to give them before the merger continues, so far as I can tell, and the delay must be making investors nervous. Have I missed something obvious?
II Editor
18 Jan 2016
NEW ARTICLE: Viewpoint: Six funds for 2014 "Before we start "trifle season" in earnest, we thought it would be useful to share some of our key themes and favoured funds for the year ahead.2013 has undoubtedly been the year to own Developed World equities and avoid everything in the ..."[link]
nk1999
07 Jan 2016
Numis From Citywire:"Ladbrokes upgraded as Coral merger edges closerBookmaker Ladbrokes (LAD) has been upgraded as it is expected to be a better businesses after the merger with Coral.Numis analyst Ivor Jones upgraded his recommendation from ‘hold’ to ‘buy’ with a 150p target price. Ladbrokes inched 1.6% higher to 122.1p yesterday.‘Ladbrokes Coral will be a better business than Ladbrokes on its own, with greater scale, enhanced skills in the online business and a reduced exposure to retail,’ he said. ‘Management has to prove it can meet the challenges of keeping the businesses on track until completion and achieve a reasonable price for retail disposals. We believe that as the acquisition is successfully executed, investor concerns over the balance sheet will gradually diminish and the share price will rise.’ "
gamesinvestor
28 Dec 2015
Wanna bet? [link] was brought up with my grandparents,” says Ladbrokes chief executive Jim Mullen, and they “would show me how to put on bets”."Comforting isn't it? Let's hope this one isn't purely down to chance!!Games
Oxtrader
09 Dec 2015
Re: Poor company They have a big disparity on the Ladbrokes shops; I think I've some seen around Buckinghamshire/London in my area that have been modernised (or just new) that are quite fresh. Yet agreeably there's still alot around that look like they haven't changed since the 90's with a horrible cigarette smell still lingering As a part of the merger; they'll be closing some Ladbrokes stores which probably include those that you speak of!
numberbiter
08 Dec 2015
Poor company Go into a Ladbrokes betting shop and you will see instantly why this share is a shambles. They are dingy compared to the competition and their offers are pathetic. For example, they offer 'best odds guaranteed' for one hour per day, whereas the some of their competitors offer this concession all day. They do nothing to entice punters and don't seem to understand that the business is all about volume. If the bookmaker can persuade the punter that he is easy meat (which of course he is not) then that will be the bookmaker getting the business. Ladbrokes are really are the worst.
forwardloop
04 Dec 2015
info Shares mag buy via alliance trustLadbrokes’ winning dealMerger with Gala Coral will create a gambling powerhouseEmily Perryman Share price weakness at Ladbrokes (LAD) is a buying opportunity ahead of the £1.2 billion cap’s merger with rival bookmaker Gala Coral, whose full year results (30 Nov) have increased our confidence in the benefits of the deal. The merger is expected to complete in the middle of 2016 and create the UK’s biggest retail betting chain. Analysts suggest the Competition and Markets Authority will require the sale of fewer than 400 betting shops. We’ve been positive on the merits of the deal since it was first announced in June as it’s expected to strengthen Ladbrokes’ online offering and give it enough clout to succeed in the highly competitive and tax-heavy gambling market. Gala Coral’s results for the year ending 26 September reinforce our bullish view, as the group managed to achieve earnings growth despite the huge tax and regulatory headwinds. Reported EBITDA (earnings before interest, tax, depreciation and amortisation) rose by 1% to £205.3 million, but stockbroker Davy estimates EBITDA excluding the impact of higher taxes was up 19.5%. Gala Coral’s online growth is particularly strong, with net revenue 36% ahead of last year. Online EBITDA rose by 14% to £56.2 million, but was 99% higher after adjusting for the Point of Consumption tax and last year’s FIFA World Cup. The online space is an area where Ladbrokes has lagged its peers and Coral’s digital success is expected to provide material boost to its fortunes. ‘We see the deal providing Ladbrokes with the opportunity to improve its revenue growth rate, derive synergistic benefits, bolster management with what we believe is an extremely experienced team (in both gaming and turnaround strategies), improve technology in retail (Coral Connect), gain scale and enhance the dividend yield (we model a merged entity FY17E dividend yield of 6.6% versus 4.6% on a standalone basis),’ says Investec analyst Alistair Ross. The merger is estimated to bring cost synergies of £65 million, of which 60% will be realised in the September 2017 financial year alongside a £25 million boost in trading from being a combined entity. If 400 betting shops are sold for an estimated £150 million, this will offset the deal costs of £143.6 million. Investec reckons the merger will add around 12p, or 9.4%, to its standalone valuation with each additional £10 million of synergies achieved increasing this valuation by 5p and each additional 100 shops retained adding 2p. Shares says: "Ladbrokes has slipped to 115.7p from a peak of 140p in June. This is a buying opportunity ahead of the significant share price appreciation that should result from its merger with Gala Coral."
dandigirl
03 Dec 2015
Re: Whisper it softly.. That will teach me!Knew I would be tempting fate!""Ladbrokes has lost a £54m tax avoidance case after a First-tier Tribunal ruled that the UK bookmaker’s attempt to avoid corporation tax was against the law"".
housewins
03 Dec 2015
Tax Bills Ladbrokes have lost a £54million tax avoidance case (reported in the times today) as this is from 2008 and involves a finding of unlawful conduct I presume there will be the standard fines and interest payments on the lot Good job the merger deal looks like it will go through as there wont be any profits this year
dandigirl
03 Dec 2015
Whisper it softly.. .. the sp is moving up, very slowly. Let us hope the trend continues.
