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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paddy Power | PAP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 142.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 142.75 | 142.75 |
| Top Posts |
|---|
Posted at 05/7/2011 14:21 by arja great looking chart but too slow moving for a quick trade sadly. But good for those who are medium term investors who should be happy just to hold stock. |
Posted at 02/8/2006 21:30 by t0ptrader Interested in a gambling play in smaller caps then check out - up 8.8% today. []. Imminent launch of in Sept, a 3D immersive online Real-Money Poker game with VOIP [Voice over IP - world first for poker] for online chat! Aimed at the UK and European Market where legislation is unlikely to effect online gambling like in the US although that looks unlikely . revenue sharing deals in place - and . New broker/nomad and PR in place, all ready for go live. Potential for 10 bags full.Advfn Thread - Peter Shealock of Growth Company Investor has BIT as one of his 2 top tips for 2006 Comment from "We anticipate that the arrival of Pokerwize will signal the beginning of the end for 2D poker." |
Posted at 18/3/2005 20:48 by m.t.glass mi-mo,The growth pattern predates their (modest) online poker involvement by several years. Sharescope shows it not having closed below its 200day eMA since autumn 2002 - ie stayed above it through the whole of 2003, the whole of 2004, and more. (28 consecutive months). Indeed apart from a brief spell below that line in 2002, and briefly brushing the line 3 times before that, it hasn't been near it in over 4 years since it came to market here - during which time the share price has grown fivefold. In recent weeks it has benefited from a positive analyst comment or two regarding its continuing growth prospects. And it has always shown itself capable of absorbing the occasional run of losing bets that afflict all bookies now and then. Its poker venture is not yet big enough to have contributed a lot, but the very mention of that word will perhaps have steered a few more investors into looking at this stock for the first time and discovering its merits. mtg ;o) |
Posted at 10/2/2005 23:27 by m.t.glass The name is confirmed as Paddy Power Pokerand the poker website is The beauty is that PAP is already an established favourite investors stock, growing at 50%pa and paying a dividend, thriving without poker. Not a flighty new player dependent on the poker craze. Whatever impact this poker facility has will be on top of something that was already worth owning. |
Posted at 05/12/2004 01:20 by m.t.glass Sunday TimesDecember 05, 2004 Judgment Day: Should you buy shares in Paddy Power? Odds-on favourite to stay the distance FOUNDED in 1988, Paddy Power is Ireland’s biggest firm of bookmakers, operating from more than 140 outlets in Ireland and 26 shops in London. These account for about 62% of its annual turnover with its burgeoning telephone and internet betting comprising about 19% each. Turnover for the six months ended June 30, 2004, increased by 22.2% to €554.1m while its pre-tax profits increased by 158% to €18.7m. The company’s shares have had a strong run this year, rising by more than 50% to €10.88. It now has a market capitalisation of €544m. The two experts below have been selected for their skills in several investment areas. They, or the funds they manage, may hold shares in the companies or sectors discussed. Kevin McConnell, head of equity research, Bloxham Stockbrokers STRONG earnings momentum and a solid, differentiated business model are the main drivers behind the Paddy Power growth story. Despite a considerable re-rating over the past 12 months and a premium valuation relative to its British peer group, we continue to believe that these drivers will support further share price upside over the longer term. Although the bookmaking industry is subject to the inherent risk of short-term fluctuations in operating performance, Paddy Power has developed a strong track record. Supported by robust cash-flow generation and a solid balance sheet we expect the company to continue delivering on its organic growth potential. The group continues to reinforce its dominant domestic position while also expanding into the attractive British market where brand awareness is estimated to be more than 55%. The group last year introduced a dedicated management team in Britain and this should provide for greater focus and improved execution of the expansion strategy going forward. Expansion of the retail estate will underpin growth going forward, while the group is also targeting significant volume expansion via non-retail infrastructure, particularly its website. The introduction of an online casino in March further expands the group’s offering in this regard. Paddy Power is developing excellent earnings momentum and although the unusually strong interim gross win percentage is unlikely to be maintained for the full year, consensus expectations are for more than 50% earnings growth this year. Trading at 18 times 2005 earnings, the premium valuation may appear excessive, but it is our view that the group’s solid business model and strong earnings growth potential justifies a premium rating. Judgment: buy on weakness Neil Osborne, equity fund manager, Davy Private Clients PADDY POWER posted a very positive set of interim results in September, driven by volume growth across all three traditional channels and buoyed considerably by favourable sporting results. The company’s recently launched online casino also made a contribution of €1m to operating profits and this channel, which effectively generates 100% margin, is forecast to grow strongly. Paddy Power’s strategy of appealing to the mass-market, entertainment-driven punter, who is less price-sensitive, has proved to be a big success in Ireland and a huge growth opportunity exists in transporting this formula into the burgeoning UK gambling market. The roll-out of the licensed betting office estate in clusters across London is continuing in a measured manner. We estimate that about 25% brand loyalty exists in Britain and that there is a sizeable opportunity for Paddy Power to leverage its niche brand in the deregulated British market, which is 10 times the size of Ireland’s. Given the high operational leverage of the online offering, much of the firm’s growth will come from establishing critical mass across this channel. Additional growth will come from the continued roll-out of fixed-odds betting terminals in Britain and the launch of additional peer-to-peer games such as online poker. The shares have risen by 50% this year and the company now trades at a sizeable valuation premium to its peers. We like the stock longer term but would advise caution as we think industry gross win percentages will trend downward toward mean levels over the next six months. Recent evidence from Ladbrokes and Stanley suggest this may already be occurring given recent punter-friendly soccer results. This may present investors with a more attractive buying opportunity in the future. Judgment: buy at €10 THE FIRM AT A GLANCE Share price: €10.88 Market value: €544m Year end: December 2005 Forecast profits: €38.6m Forecast dividend: 13.2c Leading shareholders: FMR Corp 11.9%, David Power 10.4%, John Corcoran 5.4%, Merrill Lynch Investment Managers 5.1% |
Posted at 23/3/2004 22:02 by wantsabuck The Chinese have been very keen on gambling and betting for many centuries. If PAP can get over the cultural barriers, the business will be an excellent 'take away' for investors. |
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