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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Entain Plc | ENT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -25.00 | -3.09% | 784.20 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 815.00 | 781.60 | 818.40 | 784.20 | 809.20 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/03/2024 | Interim | GBP | 0.089 | 14/03/2024 | 15/03/2024 | 26/04/2024 |
| 10/08/2023 | Interim | GBP | 0.089 | 17/08/2023 | 18/08/2023 | 22/09/2023 |
| 09/03/2023 | Interim | GBP | 0.085 | 16/03/2023 | 17/03/2023 | 27/04/2023 |
| 11/08/2022 | Interim | GBP | 0.085 | 18/08/2022 | 19/08/2022 | 22/09/2022 |
| Top Posts |
|---|
Posted at 14/4/2024 07:56 by base7 Should Ent be sold & our 50% of BetMGM be sold to MGM will MGM not have to agree to a long term licence to ensure continuity of the technology support from Rnt to BetMGM -or is BetMGM tech now independent of Ent ? |
Posted at 08/4/2024 19:47 by wad collector Really ?You have forgotten that you have previously made several claims to have sold here to buy your ramped stocks. And given that it is only just off a 3 yr low , a profit is unlikely and you have never mentioned buying any in the first place! Blackhorse23 - 25 Nov 2023 - 16:18:26 - 9978 of 10926 ENTAIN - ENT Massive 585 million fine has to pay now !! Money moving to PFC Blackhorse23 - 05 Jun 2023 - 10:30:04 - 8611 of 10926 ENTAIN - ENT Added 888 holdings , excellent opportunity Blackhorse23 - 31 May 2023 - 23:37:35 - 8604 of 10926 ENTAIN - ENT I think best value gambling company in LSE is 888 , better value mcap than here & more revenue generating company (888 holdings) Blackhorse23 - 27 Apr 2023 - 09:23:29 - 8476 of 10926 ENTAIN - ENT Added 888 because it’s very cheap atm Blackhorse23 - 27 Apr 2023 - 09:23:08 - 8475 of 10926 ENTAIN - ENT Agree lol Blackhorse23 - 19 Oct 2022 - 10:44:55 - 7025 of 10926 ENTAIN - ENT High market cap , I am out from here & moved to CURY (LSE) |
Posted at 26/3/2024 14:01 by pj84 "Berenberg advises being patient with EntainPatience is needed to invest in Entain (ENT) but Berenberg says there is still value in the gambling group." ... "‘That being said, at the current share price, we still forecast good upside to our new price target of 1,140p and we remain “buy”-ra |
Posted at 11/3/2024 18:16 by uncle bungay I just had a read at Entains fininacial report from last week. I am only fair in accountancy matters but I noticed a couple of concening points. Reads like a conspiracy theory but Companies have been known to increase 'actual' asset and associated inventory costs to record a more positive financial result.The Figures quoted below are from the section titled 'NZ Ent Limited (trading as Tab NZ)'. Details of the purchase consideration, and the values of net assets acquired and goodwill are as follows (need to remember that the figures are quouted in £m.) A NZ dollar equates as $1.62 to a £1. Goodwill refers to the amount over book value that one company pays when acquiring another. The NZ Government had to bail the NZ TAB out for around $60,000,000 about three years ago as they were on paper insolvent. So how did Entain come up with an asset cost of goodwill of £250 million ? They are 50/50 partners so they are saying its worth double that . Entain are not purchasing the NZ TAB (it's a Government controlled monopoly) they haved signed a strategic partnership agreement with a 50/50 profit split. Goodwill should not be in the equation as an asset. The bottom line is it's not an asset that they should list as such as they didn't purchase the NZ TAB. From Entains Financial accounts for end of 2023. Intangible assets (excluding goodwill) £894,000,000 millionn . They have listed goodwill as a £250 million net asset aquired. Intangible assets in the 2022 NZ TAB Annual report were listed as $54,000,00 , how does that balloon out to £894,000,000m in Entains accounts? Property, plant and equipment purchased 17.4 m ($30,816,283 NZ $) In the 2022 NZ TAB Annual report Property, plant and equipment was valued at $51,209,000 NZ ( equates to £28,896, 407) hxxps://static.tab.c In relation to the financial profile of the partnership itself, the agreements’ commercial structure is a 50/50 gross profit share. Gross profit being revenue less variable expenses such as product fees and applicable taxes. But that differs from the following quote: Quote from Dean Shannon Entains main man down-under. We’re up for lot of things, which includes rebuilding the industry with greater investment,” Shannon said. “Our 50 per cent share of the profits comes with our responsibility to pay all the expenses, that’s how committed we are to this venture. I fail to see why Entain has the cost of intangible assets relating to the NZ TAB listed in their accounts . They are paying around $200,000,000 a year for the rights to be in the partnership. £894,000,000m for intangible assets of a Company you have become a 50/50 partner in? something just doesn't add up. Quote below from Entain media release following NZ Government approval for them to become 50/50 strategic partners. The estimates set out in this announcement have been prepared based on numerous assumptions and forecasts, some of which are outside of Entain's influence and/or control, and is therefore inherently uncertain and there can be no guarantee or assurance that it will be correct. The estimates have not been audited, reviewed, verified or subject to any procedures by Entain's auditors. Undue reliance should not be placed on them and there can be no guarantee or assurance that they will be correct. Once again quote from Dean Shannon Entains main man down-under. We’re up for lot of things, which includes rebuilding the industry with greater investment,” Shannon said. “Our 50 per cent share of the profits comes with our responsibility to pay all the expenses, that’s how committed we are to this venture. A Company on behalf of it's shareholders puts in a bid for a 25 year deal for close to one billion dollars to be paid over the first five years and they say they will pay 'all' the expenses. This is a deal done on a Company that was without Government injected funding going to go into liquidation. How a Government run wagering monopoly ever got iself into that state is beyond me and surely thats concern enough to have estimates reviewed and verified by your Company Auditors. Its called due deligence and in the best interest of your shareholders you owe them that procedure to be carried out. Frankly it's an unbelievable situation and one would imagine it's not the first time Entain have become partners or purchased a Company without first reviewing actual and forecast figures. Note (2) For the purposes of UK LR 10.4.1 R, as at 31 January 2023, the assets of the entity subject to the strategic partnering arrangement had a gross asset value of approximately NZ$138m (approximately £70m1) and generated operating profits of NZ$16m (approximately £8m1) in the year ending 31 July 2022 Gross asset value of ther NZ TAB reported to the London Stock Exchange as $138 million as at 31 Jan 2023 and then recorded in Entains last 12 months financial accounts total assets acquired as a 50/50 partner recorderd as 1,208 £m. The above qoute 'The estimates have not been audited, reviewed, verified or subject to any procedures by Entain's auditors.? Maybe its a little bit clearer now why they didn't get them involved. Entain keep referring in the accounts as 'acquired ' when referring to the NZ TAB. Purchase 'Acquisition accounting is a method of recording a company's purchase of another company' - they didn't puchase the NZ TAB it's a strategic 25 year partnership. |
Posted at 11/3/2024 12:48 by cheshiremoggie Confidence here certainly very low.But...Management have at least put all of the bad news out there - we hope.It's a well used tactic.Underlying profits were nearly 340m indicating the business has some potential.As much as it pains me, I now agree with srp and think ENT should sell their half of BetMGM (I would expect 6-8b dollars) and concentrate on the rest of the world. Selling BetMGM would eliminate all debt and still leave a considerable sum for further investment or special dividend.I still think this will all finally play out around 2030.See you then... |
Posted at 08/3/2024 16:36 by loganair A company like Entain needs to be paying a dividend yield of at least 6% and not the miserly 2.4% it currently pays. |
Posted at 13/12/2023 20:18 by pj84 Let's hope this marks the low and that we don't revisit 800p again but the recovery looks like it will take time unless there is a bid (and how many of us wish we had now accepted the original MGM bid).HL's view of the latest news. "Entain - CEO stepping down Matt Britzman | 13 December 2023 | A A A No recommendation No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest. Entain's CEO, Jette Nygaard-Andersen, will stand down immediately after three years in the position. Stella David, currently a non-executive director, will take over the role on an interim basis. The board will begin a search for a permanent replacement. Earlier in December, Entain agreed to pay £585mn in penalties due to HMRC's investigation into its legacy Turkish business. The shares rose 3.7% in early trading. Our view Markets reacted positively to news that CEO, Jette Nygaard-Andersen, is stepping down. It's been a tough period for management, under pressure from shareholders after a string of poor performance. Organic growth's been limited of late, with acquisitions picking up the slack back at the half-year mark. Fresh affordability checks in the UK, and a German market that's seeing new regulations like stricter deposit limits, are all weighing on performance. Retail has been a positive surprise, with relatively robust performance despite some of the easier comparable periods fading into history. But it's the higher margin online business where we see the future of Entain. Along with third-quarter trading, we also heard more details about the next phase of Entain's strategic evolution. Following a spree of acquisitions, it looks like organic growth is coming back into focus. We're expecting to see Entain exit some non-core markets, with investment funnelled into high-growth areas like the US and Brazil, along with the core regions like the UK. Margin expansion is also on the cards, with 'Project Romer' expected to deliver £70m of cost savings to the online operation by 2025 (c. 6% of 2022 operating costs). These initiatives sound great, but we're not getting too excited until some results start to come through. In the here and now, BetMGM, Entain's US-based joint venture is a shining light for the group. It's finally started to enter profit-making territory, a big milestone for a business that's been a drag on the bottom line up to now. North America is a potential treasure trove and we see a lot of room to run for this asset, but it's starting to run up against tougher competition - so it's an area to follow closely. Overall, sentiment is downbeat, and we can understand why - regulation is a key risk and one we're seeing have an increasing impact on performance, and organic growth needs to find its footing once more. The opportunity in the US is huge but we'd like to see some progress in core markets to justify the current valuation, which has moved higher as earnings estimates have been lowered. Entain key facts Forward price/earnings ratio (next 12 months): 16.5 Ten year average forward price/earnings ratio: 13.7 Prospective dividend yield (next 12 months): 2.3% Ten year average prospective dividend yield: 4.5%" |
Posted at 20/11/2023 09:30 by pj84 Entain one of 5 shares in the Expert view article today "Value remains at Entain, says Berenberg Stabilisation is needed at Entain (ENT) but value still remains at the gambling group, says Berenberg. Analyst Jack Cummings retained his ‘buy’ recommendation but reduced the target price from £16.50 to £15.10 on the Citywire Elite Companies AA-rated stock, which was trading at £8.70 on Friday. The shares are down more than 30% year-to-date and are ‘clearly underperforming the wider sector’, said Cummings. ‘While some of this underperformance is clearly justified owing to the persistent downgrades and weaker performance from BetMGM, at the current share price we feel the medium-term growth opportunities are being ignored,’ he said. Cummings acknowledged that ‘stabilisation of performance and earnings is certainly needed’ to revive confidence in the company. ‘We think our rebased estimates are well underpinned. Entain remains a leading operator in the industry with podium positions in a number of key markets and a growing US business,’ he said." |
Posted at 10/8/2023 10:46 by coxsmn Excellent H1 callStronge performance Active users up 23% BetMGM revenue up 55% in H1 and now ebitda profitable, £50m spend will be last of investment then self sustaining. Angstrom as well as roll out of single wallet to boost US sports product and increase margins. Very excited about benefits of Angstrom, none of our competitors has the technology and wlll enable us to differentiate our sports product offering from everyone elses. Also BetMGM dividend would be tax exempt for Entain and could be considered in the turn of the year. Not worried about Disney. HMRC 585 confident with figure this is why they announced it it is total amount and will be paid monthly over 4 years. The size of the fine reflecting the length of time as well as monies involved (and number of kebabs consumed). Italy strong growth. Australia growing well. STS no1 in Poland a very strong growing market. 365scores excellent and probably their best acquisition to date. Entering a quiet period for M&A going forward, now focusing on organic growth and integration etc Stong ROI record for acquisitions of an average 1.9x over 3 years |
Posted at 07/8/2023 15:25 by pj84 Entain: more value to be revealed, says Peel HuntGambling group Entain (ENT) may be suffering from ‘corporate indigestion’, but there is more value upside to come, says Peel Hunt. Analyst Ivor Jones reiterated his ‘buy’ recommendation and target price of £17 on the Citywire Elite Companies A-rated stock, which rose 1.1% to £13.96 on Friday to be 15% up over one month. ‘Entain has some corporate indigestion,’ he said. ‘It has spent over £2.4bn on M&A from 2021 onwards [and] some of the upside is still coming through.’ Jones said ‘modest growth’ is expected in the first half of the year as while BetMGM is still in ‘rapid growth’ the rest of Entain ‘has some headwinds’ that are expected to be less material in the second half. BetMGM made a profit in the second quarter and Jones said ‘once its losses stop dragging on profits, Entain will look much cheaper.’ ‘Entain has lagged Flutter (FLTR) since July 2022 – both in terms of trading and share price performance, as Flutter has been buoyed up by US trading and listing plans,’ said Jones. ‘Entain has more value upside, to be revealed as trading accelerates.’ |
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