Been a while ; interesting to see a decent short just taken out @ 19 March GBP165m circa 900k shares @ GBP185 for referenceAfter a great Cheltenham and with a buyback in place I wonder what their thoughts areHowever likely open lower tomorrow but Good to see 3.8 million down first day |
Thanks vraetorian. Have those figures just been released or are they from the recent Earnings statement? |
For anyone interested, they've updatd their Annual Earnings/Report Estimates for the next 4 years.
2025 Annual
E: 8.95
R: 16.61B
2026
E: 13.01
R: 19.18B
2027
E: 16.70
R: 21.33B
2028
E: 20.30
R: 22.72B
Growth doesn't seem to be plateauing any time soon. |
Estimates for Q1'25 (Tues 20 May'25)
E: 2.049
R: 3.96B
Looking ahead to the end of this year, Analysts are anticipating a crazy 4th quarter.
E: 3.30
R: 4.88B
I'm not sure what they're seeing, but this strikes me as something to keep an eye on. |
Slighter weaker relative data for FD but obviously only 1 week. Fanatics continue to make steady progress with solid holds in this state.
New York w/e 9th March
DK $239m handle $16.1m hold (6.7%)
FD $182m handle $15.6m hold (8.6%)
Fanatics $3.1m hold
BetMGM $2.4m hold
Caesars $2.2m hold
ESPN $1m hold |
New York - Hard to know how varied the individual states results will be (especially in Super Bowl month) with Philadelphia likely a net loss but it’s encouraging nonetheless.
DK
$607.9m handle $53.4m hold 8.8% Feb 24
$717.4m handle $51.6m hold 7.2% Feb 25
FD
$720m handle $63.4m hold 8.8% Feb 24
$738.5m handle $92.6m hold 12.5% Feb 25 |
The mid point guidance for FD adj EBITDA of $1.4bn in 25 is punchy. I expect more tax rises based on the Illinois model, targeting the top 2. |
As far as I can tell, the gambling sector isn't directly affected by the tariff wars that seem to be inciting a market sell-off.
Anxious investors will pull their capital, in the beginning... However, certain companies will prove to be a defensive option against a volitile market in 2025. Flutter being one of them. |
Best Cheltenham first 2 days in memory for the booksIn other news DraftKings opens down and Flutter gives up a 600 point up morning when the US opens |
Many stocks taking a beating due to trump caused uncertainty. maybe cleaning out the bottom at first, yet trump likes regulated betting and gaming. this is a time of patience...before the swing moves up.. |
In effect they haven't A paltry GBP3.75m per day has no effect on the daily price movements. Compared to Shell with GBP40m per day for 13 Quarters really does have an impact on most days to a decent effect @ often 20pc of days transactionsFlutter one is a waste of time & put in place to avoid restarting paying divvis (which should never have stopped) |
I'm expecting to see a strong rebound from the $225-227 support line.
Could be a wonderful time to do share buybacks, if they haven't started already. |
DK off another 6pc. Flutter now only up 20 odd in last year, previous year 30 one before that 50No new states & relentless tax rises have moved International into 1 unit when still well above 50pc earnings as if US was holy grailGrass is not always as greener as green Dublin |
Draftkings on Tuesday mentioned "it has closed a $600 million senior secured term loan B credit facility, upsized from an initial $500 million."
"...it will use the net proceeds from the facility for general corporate purposes."
Meanwhile, for 2025, Analyst Estimates (FLUT:NYSE)
An Annual EPS of:
9.10 (2025)
Compared to estimates for 2024
5.12 (2024)
Draftkings is anticipated to hit an annual EPS 0.53 (2025), in comparison. |
DK forgave profits to try to make claims but not sustainable with very low holds. Patience |
DK and all its failings down from 53 to 40 in same period. On one US message board it has over 100X followers 118k Vs just 1k and now our HQ has moved there we seem not to able to disassociate from the regular DK disaster stories & follow down far more than expected (by me and board?) & is reasonable but made bed etc etc |
Good info Whitehouse… thank you. That makes sense and would explain the unusual DK lead over FD handle that week in New York. |
Why the sharp decline( 10%) despite positive earnings in the last 5 days ? |
Basketball NY Knicks won both weekend games in last minute so DK got hit before game and in running by the looks. FD by the looks were shorter both nights and it paid off |
I’m wondering if DK used heavy promos last week hence the unexpected surge in their share of the handle (obviously it came at a cost of hold%). Just a guess but seems logical. |
Bizarre, need to know why tho? Must have gone out on a limb somewhere |
New York week ending 2nd March
DK $229.5m handle $2.7m (1.1%) hold
FD $177.m handle $17.2m (9.7%) hold |
DraftKings down from 53 to 40 in 3 weeks after their results. As the US thinks DK IS the only betting company in the Whole wide World all others will have to fall in sync bizarrely. No other option is allowed |
wealthoracle.co.uk/detailed-result-full/FLTR/1279 |
Very pleased with the results,Fanduel number 1 in sports betting and igaming.
The FY '25 guidance is eye-catching. |
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