ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

LAD Ladbrokes

133.60
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Ladbrokes Investors - LAD

Ladbrokes Investors - LAD

Share Name Share Symbol Market Stock Type
Ladbrokes LAD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 133.60 01:00:00
Open Price Low Price High Price Close Price Previous Close
133.60 133.60
more quote information »

Top Investor Posts

Top Posts
Posted at 23/2/2016 20:36 by capercaillie
hxxp://www.ladbrokesplc.com/investors/results-and-presentations/2016.aspx

Very interesting webcast
Posted at 18/11/2015 14:00 by oneillshaun
don't worry i found it on another site, seem the telegraph has picked it up as well which in turn feeds Yahoo:
Posted at 19/10/2015 20:37 by market sniper1
Here we are......

Notification of Q3 Interim Management Statement

Ladbrokes plc will announce its Interim Management Statement for the three months to 30 September 2015 on Thursday 22 October 2015.

A conference call for analysts and investors will be held at 9am (BST).
Posted at 09/10/2015 07:29 by oneillshaun
adbrokes plc
9 October 2015

£1.35 BILLION MERGER FINANCING COMPLETED

Ladbrokes plc ("Ladbrokes") announces that it has signed a £1.35 billion facility with a syndicate of relationship banks to provide committed financing for its proposed merger, subject to completion, with Coral announced on 24 July 2015.

The new facility has three tranches and will be available for drawing subject to completion of the merger with Coral.

Tranche A - £600m Term Facility - October 2016 and, subject to extension options, January 2018
Tranche B - £400m Revolving Credit Facility - October 2020
Tranche C - £350m Revolving Credit Facility - June 2019

Ladbrokes existing £55m December 2016 bank facilities were cancelled in September 2015 and its remaining standalone £350m June 2019 bank facilities will be cancelled as a condition precedent to drawing on the new facility.

The intention is for the £100m September 2022 and the £225m March 2017 Ladbrokes bonds to remain in place following completion of the merger.

As a result of this financing, the Gala Coral debt comprising £315m Senior Secured Note 2018, £275m Secured Note 2019 and £812m Senior Secured Facilities 2018, will not be transferred into the enlarged Ladbrokes Coral group at completion of the merger.

Ian Bull, CFO, commented:

"I am pleased that our relationship banks have shown strong support in putting in place a significant size facility at similar pricing to our current facilities. We believe that this facility will provide sufficient liquidity to an enlarged Ladbrokes Coral group following the merger."


For further information contact:

Investors
Richard Snow Director Investor Relations 07767 677 429

Media
Donal McCabe Director of External Relations 07795 968 482
Posted at 17/6/2015 07:53 by oneillshaun
Shares (Berlin: DI6.BE - news) in Ladbrokes (LSE: LAD.L - news) climbed after Morgan Stanley (Xetra: 885836 - news) upgraded the bookie following the relaunch of Ladbrokes.com and pointed to a couple of potential "hidden gems" in Europe.
Investors ramped up their bets on Ladbrokes , piling into the stock, after Morgan Stanley upgraded it to “overweight221;.
The bank lifted its price target from 135p to 150p, owing the move to the “digital turnaround”, following the relaunch of Ladbrokes.com. “We think there is now firm evidence that Ladbrokes Digital recovery is gathering momentum, with strong customer and staking growth in the past six months,” analysts said.
Over the past two years, the bookie has struggled, seeing its share price drop by 40pc. However, Morgan Stanley reckon the “worst may be past”, predicting annual revenue growth of between 15 and 30pc over the next two to three years.
However, whether the turnaround will work in the long-term, remains to be seen. In 2011, when Bwin merged with PartyGaming its revenues declined by 25pc for four years. In a highly competitive sector, the bookmaker’s European division may be offer “hidden gems”, according to Morgan Stanley’s note entitled “Odds Improving”.
Earlier this month, rumours surfaced that Ladbrokes Ireland had received three separate bids as part of its examinership process - which could ultimately lead to the sale of the division, thought to be worth between £30m and £60m.
The company’s most recent set of numbers were disappointing, with first-quarter earnings before interest and taxes tumbling 22.3pc to £14.3m, a drop that Ladbrokes attributed to unfavourable sports results. Jim Mullen, who was recently appointed chief executive, will outline his plans for the beleaguered bookie on June 30. The stock closed up 5.1p, or 4.4pc, at 122.1p.
Posted at 08/6/2015 13:05 by speedsgh
Since 1931, Capital Group has been singularly focused on delivering superior, consistent results for long-term investors using high-conviction portfolios, rigorous research and individual accountability.

We serve individual investors, financial intermediaries and institutions around the world through a broad range of products and services that include American Funds, one of the largest mutual fund families in the U.S. by assets under management.

As a private firm with an independent charter, we are focused on doing what’s right for investors over the long term. In offices throughout Asia, Australia, Europe and North America, 7,000 associates make the needs of our investors their top priority every day.
Posted at 04/6/2015 09:21 by woozle1
Any take out below £2.50-3.00 is bad news as that's what I think this is worth over that the next 18-24 months and if that story is anything to by, so do PAP.

I'm just hoping that this is a silly rumour but it's no secret that PAP want to build greater scale in the UK. PAP could solve the Irish problems by merging their two operations and the online problem would be easily fixed. That being said, the agreement with PTEC could well be a poison pill as online upside has to be shared and I doubt PAP would want to do that.

Patience is the investors friend. I'm not interested in a quick 50% return as it means (i) we won't realise the long term potential and (ii) I've got to find another compelling investment with a good margin for safety and compelling upside, and at the moment there aren't many of those around.
W
Posted at 22/5/2015 19:27 by stephan1946
Ladbrokes is a private equity type purchase(buy, improve, sell on)

Bpty is a different animal, Amaya and 888 Must succeed, Amaya`s market share in USA Will drop 25% and continue falling if 888 is the victor and its debt pile will become unsustainable. 888 will find survival as an independent extremely difficult if they lose, the stakes here are massive.

Amaya will need to pay a hefty premium on the basis that whilst analysts and investors have been slow to recognise the bidders both need to win, BPTY is alive to the situation and therefore will turn the screw, the final price here could be eye watering.

In a final twist, a cash rich, Chinese outfit is hovering.
Posted at 30/3/2015 13:48 by cwa1
Summary

Richard Glynn leaving Ladbrokes definitely signals the end of the chapter and investors should be putting this company back on their watchlists. However, the company is clearly very sick and we need to wait for some sign that the company really is going to commit online. So far, we really haven’t seen this and the business remains sub-scale in a very competitive marketplace. Jim Mullen is clearly the right person for the job but very little progress was made by Glynn. Investors should watch and wait.
Posted at 23/2/2015 08:52 by skyship
The bit below from The Times is just general comment. Still unable to find the reason for the fall. Reading between the lines of brownie's post, perhaps MergerMarket in the US has alluded to Private Equity outfit CVC Capital Partners
expressing an interest; but anything c120p is an absurdly low figure - so not really serious!

You still out there brownie....could you enlighten us further?
===============

Sunday Times

What are the odds on a dividend cut at Ladbrokes? That’s the question for investors in Britain’s second biggest bookmaker. Those odds are getting shorter.

Richard Glynn, the outgoing chief executive, is expected to hold the payout this year when he presents annual results. It is far from clear that whoever succeeds him — and there is unlikely to be any news on that this week — will follow suit.

A reduced dividend would be a blow for the income funds, but there are investors who would support a drop if the cash was invested in boosting its online offering.

Their argument is that a revived online arm is vital to Ladbrokes’ health. Its digital operations deliver a smaller percentage of overall profits than at William Hill, leaving it at greater risk from any issues affecting betting shops than its rival.

With Ladbrokes’ results likely to be in line with market forecasts, the City will be more interested in poring over the fine print of the statement for signs of further improvement in the digital business.

With software provider Playtech, seen as vital to a successful turnaround, finally starting to work its magic, it is time for Ladbrokes to show it is delivering — and make it easier to justify diverting all that dividend cash into the company.

Your Recent History

Delayed Upgrade Clock