We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 |
| Top Posts |
|---|
Posted at 11/10/2017 19:30 by woozle1 there's another bb with lcl and this is the old lad site. My guess is that the merger premium is low and still waiting for the outcome of the review. I keep hearing the swish of the long grass and think that the Treasury will not be looking to take a big haircut on gambling earnings ahead of Brexit and, without wanting to sound too cynical, I can't imagine the lobbyists and the gamblers either vote Tory or bother going to the ballot box! If Cameron was in charge there'd be bigger chance but this bunch seem more interested in retoxifying the Tory brand and are more Thatcherite. |
Posted at 14/8/2016 17:12 by value king Jolly quiet here considering the current news. My LAD shares are on a rocket to the moon and nobody talking about it. |
Posted at 21/7/2016 12:29 by mamcw WHill bullet their CEO = bad results and loss of market share. Their RNS states that it could take up to 1 year to find replacement. Implies good news for LAD |
Posted at 21/4/2016 10:21 by mamcw Strong Q1 trading statement. Like the emphasis on LAD only being at the start of their recovery programme |
Posted at 14/4/2016 09:39 by mamcw Sterling's weakness will also help LAD given it's international operations. Quietly confident that new management team are delivering. |
Posted at 15/3/2016 17:17 by woozle1 Montyhedge .. why are LAD shooting themselves in the foot .. It seems that all the bookies are down 5-10% in the last few days ..W |
Posted at 08/3/2016 09:07 by 3rd eye LAD LadbrokesThey say Bookies are defensive stocks so just right at the moment. I hold LAD and was very convinced with last statement, it seems they are gearing the online side up substantially and should benefit from the Euros Football this summer. SP moved off bottom trendline yesterday within the uptrend channel. Im looking for a breakout of the channel and the former top initially at 140p or abouts, then after the summer a rise to 170p and above. P/E forecast to fall from 22 this year to 16 year 2017, rather cheap IMO. Ladbrokes Plc offers betting and gaming services.The company offers retail bookmaking in the United Kingdom, Ireland, Belgium and Spain.It offers betting markets on a daily basis via the Internet, mobile Internet and telephone. Valuation 2016e 2017e P/E ratio (Price / EPS) 21,9x 16,1x Capitalization / Revenue 1,04x 1,00x EV / Revenue 1,22x 1,16x EV / EBITDA 8,52x 7,69x Yield (DPS / Price) 2,52% 2,86% Price to book (Price / BVPS) 2,79x 2,63x |
Posted at 09/10/2015 19:46 by bugle4 10/9/2015 – Ladbrokes PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 123 ($1.87) price target on the stock.10/8/2015 – Ladbrokes PLC had its “hold” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd. They now have a GBX 115 ($1.75) price target on the stock. 10/2/2015 – Ladbrokes PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 123 ($1.87) price target on the stock. 9/28/2015 – Ladbrokes PLC had its “sell” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 100 ($1.52) price target on the stock. |
Posted at 07/8/2015 11:19 by scallywagkid Canaccord 07 August...Raising Recommendation Strategic downgrades, but raise to BUY What's new Ladbrokes is due to announce interim results on 11 August, but the key numbers were pre-released in July. Perhaps surprisingly, H1 profits were as expected, down 32%, reflecting the impact of Point of Consumption tax, increased Machines duty and a weak sports margin. LAD would have been on track for FY15 expectations however, new CEO Jim Mullen also unveiled his strategic review, which included the expected dividend cut from 8.9p to 3p, ramping up digital marketing spend and accelerating roll-out of Self-Service Betting Terminals and pace of store closures. It has raised £113m through a placing to rebuild the balance sheet and there were £5m-£7m of cost savings identified to be delivered from FY16. Most had been trailed in the press, but the net impact was at the higher end of expectations, given a £20m H2 hit from the investment programme. Impact on the Canaccord Genuity view The strategic pill was perhaps a touch more bitter than hoped (short-term), but sugared by a potential Coral merger reported in the press which we believe could drive material synergies. We downgrade our FY15 PBT (norm) from £67.5m/6.5p to £46.8m/4.4p, a 33% EPS downgrade, while FY16 falls from £76.5m/7.4p to £73.8m/6.5p (down 12%). The plan is designed to deliver higher Earnings from FY17 (with digital revenues up to 30% of group total) but this looks ambitious to us and our FY17 EPS are cut by 1%. Net debt comes down to £332m (or 2.2x Ebitda) and should fall below 2x in FY16. However, the real excitement is the potential Coral merger - unlikely to complete before mid-2016. At the current LAD share price, it would be paying just 8.3x FY16 Ebitda, ex-synergies, which looks attractive - in line with the LAD valuation, but with a higher proportion of Digital profits. The synergy target of £65m also looks unambitious - at just 4% of combined group costs. The challenge is calculating dis-synergies. With 3998 stores, or a 45% UK market share, we would assume LADCOR will almost certainly have to sell/close stores. If we assume these are averagely profitable LAD stores and sell for a 4x Ebitda multiple (some will just be shut), then a 500 store disposal would knock £34m off Ebitda, but only 20 basis points off the FY16 EV/Ebitda multiple. Valuation Standalone Ladbrokes is not a steal, on FY16E PER of 16.9x and yielding 3.0%, but an 8.0x EV/Ebitda looks attractive. And LADCOR would look a lot more interesting. If we assume £220m of Coral Ebitda in FY16 (up from £200m in FY14), the full £65m synergy target (in reality this will be phased, but should be exceeded), and 500 store closures, we calculate the look through FY16 EV/Ebitda multiple would be just 7.2x. By comparison, William Hill is on 9.8x (albeit with a higher digital mix). We raise our TP from 115p to 123p, representing a 9.0x FY16E EV/Ebitda for solus Ladbrokes. With regulatory clearance of the Coral deal with "reasonable" conditions (i.e. c.500 stores), that would fall below 8.0x (assuming a full £65m of synergies), suggesting further upside to our target price. There is execution risk - both strategy delivery and merger - but this looks over-stated in the price. We raise our recommendation from Hold to BUY. Share performance catalyst Regulatory clearance/penalties for Coral deal, Digital recovery, machines regulation. |
Posted at 24/6/2015 08:35 by speedsgh Ladbrokes in early talks with Coral over merger - Bookmaker Ladbrokes (LAD) has confirmed it is in early-stage talks with Coral Group about a merger. Peel Hunt analyst Nick Batram retained his ‘buy’ recommendation but placed the 135p target price ‘under review’. The news sent the shares 17.7% higher to 143.7p yesterday. ‘Ladbrokes has confirmed press speculation that the two businesses are in early-stage merger discussions,’ he said. ‘The deal structure, timing and terms have not been outlined, but Ladbrokes stated that it may undertake an equity issue to fund the takeover. The deal presents obvious opportunities in an industry that has been hit by regulatory hurdles, making industry consolidation more likely. ‘The combined group would benefit from synergies in costs and execution to generate shareholder value, as the companies use the same online platform which in our opinion reduces the execution risk of the merger. If talks proceed, the Competition and Markets Authority would have much to say about any proposed transaction but we expect it may keep a more open mind than the first time Ladbrokes showed interest in Coral.’ |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
