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Paddy Pwr Bet Share Discussion Threads
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|8500p support finally gone ......next chart support looks to be 7900p|
|Government to review 'fixed-odds' gambling machines
|So the chart downtrend stays well in place.
And -290p on the week.|
|Shares in bookies were lower after the UK Competition & Markets Authority said it is launching an investigation into whether online gambling firms are treating their customers fairly. In particular, the CMA is concerned that players may be losing out as a result of being locked into complex and strict requirements linked to gaming promotions that are difficult to understand and may be unachievable.
FTSE 100-listed Paddy Power Betfair was down 0.3%, while midcap peers Ladbrokes and William Hill were down 1.2% and 0.2%, respectively.
|Odds on 8500p support will go now :-S|
|Barclays upgrades Paddy Power Betfair forecasts
Barclays is forecasting that bookmaker Paddy Power Betfair (PPB) will deliver ‘multi-year217; top-line growth.
Barclays analyst Patrick Coffey retained his ‘overweight217; recommendation and target price of 11500p. He upgraded full-year 2016 and full-year 2017 earnings per share estimates by 1% and 3% respectively to reflect the fact that the business can benefit to some degree from the weak pound.
‘We are 10% ahead of company consensus Ebitda [earnings before interest, tax, depreciation and amortisation] in full-year 2017,’ he said. ‘We are bullish on PPB’s ability to deliver multi-year top line growth and high underlying operational gearing.
‘We continue to think consensus materially underestimates the operational gearing potential of PPB.’
When will they ever leave it alone ?
|Be The House launches new roulette product for Betfair
|Crown Resorts Ltd. tumbled 14 percent in Sydney after Chinese authorities detained 18 of its employees, including the head of its international high-roller operations.
Gaming stocks elsewhere were also hurt, with Sands China Ltd. and Galaxy Entertainment Group Ltd. both dropping at least 3 percent in Hong Kong. In London, Paddy Power Betfair Plc, which generates more than a quarter of its revenue in Australia, fell 1.2 percent.
|Hopeless start to the week.
Downtrend still firmly in place.
(ShareCast News) - Bookmaker Ladbrokes announced on Monday that subsidiaries of both itself and merger partner Gala Coral Group have agreed to sell a total of 359 licensed betting offices to Done Brothers Cash Betting - trading as Betfred - and StanJames Abingdon - trading as Stan James.
The FTSE 250 firm said Betfred will purchase 322 shops for a cash consideration of £55m, and Stan James will purchase 37 shops for a cash consideration of £0.5m.|
|Yes a decent stock|
|Best one of the week for me... almost breaking back up out of the chart downtrend.|
|Deutsche initiates coverage today with 'buy' and 10500p target|
|Betting firms and TV channels oppose likely plan to ban daytime adverts
Long term hold, add a few on the drops.
Looks as though The Capital Group have been adding .. now 9%+|
|I hold this is a very good company. Can't control market sentiment though.|
|8500p gone .. 7500p here we come.
A totall rubbish performance.
Bought a few more at 8500p :-)|
|That`s all the brokers`targets taken out on the downside now with just Berenberg`s 7500p left to hit.|
|Jeez, just when you think it`s turned the corner.|
|Paddy Power Betfair improves software quality by putting entire technology division on call
|Very syrprised if 8500p support doesn't fall by the wayside today.|