Ladbrokes Share Discussion Threads

[market sniper1] 19/10/2015 20:37

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).

[market sniper1] 19/10/2015 20:36

Anony Mous IG have this.........

OCT
22
Q3 2015 Ladbrokes PLC Interim Management Statement Release
in 3 days

?????????

[anony mous] 19/10/2015 20:07

Let's see what Ladbrokes have to say tomorrow.7.00am rns.

[market sniper1] 15/10/2015 19:42

These need a kick up the ass, would be nice if you are right Anony Mous on 130p target.

[anony mous] 15/10/2015 17:38

Oh yes neil.Im expecting a very fast rise to that level.Noise will pull it down few pennies along the way but overall spiking up.Enjoy.

[oneillshaun] 15/10/2015 14:46

Anoy Mous - agreed 130p could happen easily the football has been the bookies way the last couple of months plus is things with Gala are sorted this will be great, i am guessing the next couple of days will tell with the normal City leaks

[anony mous] 15/10/2015 13:09

Nice dip to buy into there. Good vols too.Will run away fast as before from 1.00 to 1.30ish.

[oneillshaun] 15/10/2015 11:55

looks like we are stuck in limbo until next week.

[bugle4] 13/10/2015 17:38

Citigroup upgraded Ladbrokes to 'neutral' from 'sell' and raised its price target to 110p from 100p, saying the shares have now fallen far enough.

It said the new target price represents the mid-point between the upside potential it sees under a deal scenario and the downside risk under a no-deal scenario.

Citi estimated the share price upside potential from a merger with Gala Coral at around 30% and the downside risk if no deal emerged also at around 30%.

"The competition authority investigation will rumble on for several more months, dampening any need to take a strong view in the shorter term," the analysts said.

Citi added that the two key catalysts that could drive a more positive view were trading updates citing an online pick-up, with a rise in active customers and net gaming revenues, and CMA deal clearance arriving earlier than the bank's mid-2016 expectation.

[dlku] 09/10/2015 19:49

quite a slug of debt, wonder what covenant breaxhes are

[bugle4] 09/10/2015 19:46

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.

[gipps] 09/10/2015 17:17

Yep no good today,but has been a very good week.

[market sniper1] 09/10/2015 16:57

Yep but a dead loss today.

[gipps] 09/10/2015 16:55

Well that was a good week,new member of staff keen to come on board,banks who are clearly comfortable in lending the company large sums of money and the share price up so all in all a good bet.

[market sniper1] 09/10/2015 08:03

Ladbrokes completes £1.35bn merger financing,

StockMarketWire.com

Ladbrokes has signed a £1.35bn n facility with a syndicate of relationship banks to provide committed financing for its proposed merger with Coral.

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.

Chief financial officer Ian Bull said: "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."

[oneillshaun] 09/10/2015 07:29

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

[sportbilly1976] 08/10/2015 08:42

new marketing boss with 5 years at WMH previously in the same role. Good solid sector experience.

[dlku] 07/10/2015 16:33

surely Ladbrokes a is a long in current market conditions - more disposble income for punters to punt with from living wage increases???

[onjohn] 07/10/2015 11:25

might get bid lol

[cockneyrebel] 07/10/2015 11:23

Turning up nicely and breaking out imo.

CR

[oneillshaun] 06/10/2015 08:24

Lets see what happens to the share price between now and the 22nd to be honest i don't think i have the balls to hold for the results.

[gipps] 05/10/2015 13:33

Q3 Results out on 22nd of this month maybe thats why they have been ticking up over the last few days.