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PRTY Partygaming

193.40
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Partygaming PRTY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 193.40 00:00:00
Open Price Low Price High Price Close Price Previous Close
193.40 193.40
more quote information »

Partygaming PRTY Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 01/4/2011 15:35 by bogg1e
What we need is a value/target price for the new merged company. Unfortunately vectorvest has not updated the details since the merger. They did have prty as valued at 150p, but once the new value is calculated I shall post it. Good luck all, and good to see a decent rise from the 170p bottom. 20% up since then and looks like more to come.
Posted at 15/3/2011 13:10 by hubshank
Dividend
The new bwin.party depositary interests will carry a dividend entitlement with effect from 1 January 2010. The company's dividend policy will be determined by the new board of bwin.party digital entertainment plc over the next few months.

I am unclear if this means ordinary share holders will get a dividend too. I am guessing not, however any other opinions out there?
Posted at 03/3/2011 09:26 by loganair
I know it's not possible at the moment because of the merger, but I've never understood why considering PRTY make a healthy profit they haven't paid a dividend since pulling out of the USA market??

Even more so considering they have nett cash of €156.7m on their balance sheet.

Making EPS 13.4 Euro Cents, I don't think it right and proper that we the owners don't see a penny of it.
Posted at 10/2/2011 10:00 by frauchi10
I'm holding this stock already for several (entry level GBP 3.10) years as I initally thought one day PRTY would be back in the US.

As I realized that this is probably never gonna happen I still kept it as there was enough money to be made in Europe and even without US I was expecting this share easily climb back above GBP 5.--

But now I'm seriousely frustrated as it looks like an US scenario will happen in the most important European countries too and there won't be any future at all for PRTY.

On top of that my base currency is not GBP and due to the fact that I'm losing another 20% on the FX this investment is a real nightmare.
Posted at 09/2/2011 18:31 by frauchi10
Barclays said that a regulation passing sports betting only in Germany, coupled with taxation on UK revenues, is the current bear case on PRTY. Barclays estimates that PRTY would lose ca. 40% of German clean EBIDTA (20-25& of total EBITDA) in the short term. This would result in 2012E clean EBITDA of ca. EUR 64 Mio. At least this would bring regulatory certainty in PRTY's key market.

Over the past 3 years PRTY has traded on average 9.9 x 1 year forward EV/EBIDTA multiple and with regulatory clarity Barclays expect the stock to trade on 9-10x EV/EBITDA. This would lead to a potential share price of 137p or a 25% downside.

Possible German regulatory scenarios and impact on PRTY's profitability

Status quo - No change
Denmark style regulation - Short-term diclines, medium-term growth
France sytle regulation - ca. 20-25% clean EBIDTA decline
Sportsbetting only - ca. 35% clean EBIDTA decline
Posted at 09/2/2011 17:09 by jezza123
Ah yes - I see what you mean now, BWIN apparently do operate illegally in Germany... ooops. Been too focused on PRTY.

But then given PRTY had no exposure to this change, I can't see why the reduction to the combined entity should be 25%.
Posted at 31/12/2010 18:42 by salpara111
Pretty lacklustre year for PRTY.
Cant make my mind up whether to get involved.
I find it difficult to put a value on PRTY the sector seems to be moving from one of a growth story to a maturing sector, the only problem is that none of the companies in this sector make normal profits or pay respectable dividends so the share price is sentiment driven.
I guess there is probably little downside from this level but equally it is difficult to determine what will drive the share price up.
Posted at 19/12/2010 13:57 by guidfarr
will prty let 888 go without a fight at such levels? if anything common sense would say that even if it wasn't ready to buy 888 it would make an equivalent bid to make Ladbrokes pay higher! both 888 and prty are in the same offices and 888powers most prty's bingo properties so the synergy would be very valid and acquiring 888 would give prty a freehand in most other markets.
Posted at 08/12/2010 16:04 by mechanical trader
refering to brokers copied this from above.

looks to me like we will gain the lost ground
back very quickly.

Its very interesting to see what Buys brokers have recently pencilled in for this going forward.

PartyGaming PLC

FORECASTS 2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Panmure Gordon
01-12-10 BUY 92.30 19.00 103.00 21.30
Peel Hunt
30-11-10 BUY 71.98 15.24 81.85 16.95
Shore Capital
26-11-10 BUY 48.91 16.76 62.77 18.37
Evolution Securities Ltd
24-11-10 BUY 69.14 14.30 75.48 15.57
Numis Securities Ltd
17-11-10 BUY 82.94 18.65 94.13 20.51
Execution Noble
16-11-10 BUY 78.16 16.97 91.51 19.66
Collins Stewart
08-11-10 BUY 19.04 18.18
Daniel Stewart
28-06-10 BUY 73.24 19.09 88.95 21.30

2010 2011
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 68.02 16.19 66.79 15.89
1 Month Change -4.92 -0.79 -16.75 -2.53
3 Month Change -7.19 -0.77 -20.29 -2.73


GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS -13.52% 39.47% -1.86%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA £77.93m £88.13m £109.40m
EBIT £51.64m £59.55m £65.48m
Dividend Yield % % %
Dividend Cover x x x
PER 21.71x 15.56x 15.86x
PEG -1.60f 0.39f -8.50f
Net Asset Value PS -11.52p 42.68p 51.21p
Posted at 02/12/2010 13:41 by old joe1
Intraday we look like we are about to have hit support and start again on the ladder up.

Its very interesting to see what Buys brokers have recently pencilled in for this going forward.

PartyGaming PLC

FORECASTS 2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Panmure Gordon
01-12-10 BUY 92.30 19.00 103.00 21.30
Peel Hunt
30-11-10 BUY 71.98 15.24 81.85 16.95
Shore Capital
26-11-10 BUY 48.91 16.76 62.77 18.37
Evolution Securities Ltd
24-11-10 BUY 69.14 14.30 75.48 15.57
Numis Securities Ltd
17-11-10 BUY 82.94 18.65 94.13 20.51
Execution Noble
16-11-10 BUY 78.16 16.97 91.51 19.66
Collins Stewart
08-11-10 BUY 19.04 18.18
Daniel Stewart
28-06-10 BUY 73.24 19.09 88.95 21.30

2010 2011
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 68.02 16.19 66.79 15.89
1 Month Change -4.92 -0.79 -16.75 -2.53
3 Month Change -7.19 -0.77 -20.29 -2.73


GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS -13.52% 39.47% -1.86%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA £77.93m £88.13m £109.40m
EBIT £51.64m £59.55m £65.48m
Dividend Yield % % %
Dividend Cover x x x
PER 21.71x 15.56x 15.86x
PEG -1.60f 0.39f -8.50f
Net Asset Value PS -11.52p 42.68p 51.21p

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