Entain Share Discussion Threads

[coxsmn] 03/3/2022 19:01

have you done your research on Robins share of toilet paper.

[hmonk] 03/3/2022 17:52

That’s why you should do your own research, trusting google isn’t research.

[baddeal] 03/3/2022 17:40

Hardly think so, get some perspective ffs

[srpactive] 03/3/2022 17:02

Some seem to disagree, just stating what google states.

[hmonk] 03/3/2022 16:35

They’re not worth $19bn, the market capitalisation is half of that, who ever says it’s $19bn needs to do their own research and to read the prospectus and understand how the founder shares work.

[srpactive] 03/3/2022 16:31

But worth $19bn, more than ent who are close to making £1bn.

But sorry one is US the only UK, forgot that.

Just get the bid in and I am gone for ever.

dyor

[hmonk] 03/3/2022 16:28

Did anyone watch the DraftKing’s investor day? What a disaster, basically a maths lesson in why YOU are underestimating their numbers, without at any point letting you see the numbers. No wonder they’re -9%.

[srpactive] 03/3/2022 15:19

Not for the dow, or mgm.

[coxsmn] 03/3/2022 15:13

Horrible day on the markets.

[bartyb] 03/3/2022 14:51

Unbelievable. It's not taking many transactions to move it down

[phillis] 03/3/2022 14:31

What we need is some bumper Twitter numbers
That will boost the price - not

[srpactive] 03/3/2022 14:26

US opens we drop and the US futures are strong.

[srpactive] 03/3/2022 13:55

The city has always said Disney will buy them I believe.

dyor

[coxsmn] 03/3/2022 13:52

Yes apparently so.

[srpactive] 03/3/2022 13:49

c

Yes follow itv have done for years.

I feel the city are concerned about the forward spending
this year and 2023.

dyor

[coxsmn] 03/3/2022 13:47

Crazy drop over at itv on solid results

[mip55] 03/3/2022 13:44

I have learned the hard way to disregard any pre or post market prices on the NASDAQ. All too frequently they are at variance with what happens during normal trading hours.

[srpactive] 03/3/2022 13:35

mgm up strongly pre market 1.7%.

[bartyb] 03/3/2022 12:15

Analysts have responded well to Entain PLC (LSE:ENT)’s latest results, as the group continued its expansion and maintained earnings growth.

Underlying earnings (EBITDA) for the gambling, gaming and entertainment group grew 5% on 2020, as visits to its stores hit 90% of pre-pandemic levels.

Underlying operating profits for the company fell 9% as the group invested heavily in its burgeoning US arm BetMGM, where revenues increased nearly five-fold as US gambling laws were liberalised.

Morgan Stanley (NYSE:MS) released a statement it described as “confident with an unchanged outlook”, maintaining a 2,530p price target, which it said would come as some relief given a broadly bearish UK market.

“We expect the shares to moderately outperform today on the back of a reassuring and surprise-free update, and expect no changes to consensus forecasts.”

Investec maintained a 2,400p price target on the back of the results, saying Entain remained “the best investment choice in the gambling space.”

Entain upgraded its revenue target for BetMGM from US$1bn to US$1.3bn, expecting positive EBITDA for the company in 2023.

UK gambling companies are in an expansion-driven transitionary period as US regulations relax and the UK market proves more challenging than previously, particularly in the face of an upcoming White Paper on the country's gambling laws.

Flutter shares fell this week as the group grappled with flat UK revenues and accusations of “virtue signalling” by an analyst, despite strong growth in its flagship US subsidiary FanDuel.

Entain’s minimal exposure to Russian and Ukrainian markets gave analysts further cause for optimism when compared with Flutter’s £41mln Russian market.

Shares in Entain were up 2.88% to 1,605p as of 11:36 GMT this morning.

[coxsmn] 03/3/2022 10:57

Also mentioned some of their US states are already profitable including NJ, Michigan and soon Arizona.

[cheshiremoggie] 03/3/2022 10:37

Excellent results from ENT - what a contrast to FLTR.

Certainly justifies my gambling share allocation ratios

ENT : FLTR : 888

as

95 : 4 : 1

Slight disappointment there isn't a token dividend but that's what you tend to get with a growth company with lots to spend the money on.
Lots to look forward to in 22, including all the acquisitions that will be made with the cash they are building up and saving by not paying a dividend.

CM