Paddy Power Betfair Share Discussion Threads

[philanderer] 25/8/2016 08:49

Going to be no upgrades after yesterday`s numbers. Gone too far too fast.

Maybe back to 9000p ?

So far:

25th aug Barclays overweight tp 11500p
24th aug Liberum hold -
24th aug ShoreCap hold -
24th aug Credit Suisse underperform tp 8650p

[philanderer] 24/8/2016 15:00

Selling pretty relentless today.

Looks like 9700p is the new resistance... 3 failed attempts to break it now.

[philanderer] 24/8/2016 12:47

Joshua Raymond, analyst at XTB.com said: ‘Given the fact the firms half year includes not only the Euro 2016 tournament but consistent shocks in the Premier League season which saw Leicester City win the league and Newcastle FC relegated, the market was expecting strong earnings from Paddy Power.’

He added: ‘So all in all its a solid report from the firm but one must remind that market expectations had been fairly high going into its report and further exemplified by the fact share prices are closing in on the psychologically important £100 level.
‘Having rallied from £79 per share since the start of July, it will be interesting to see if shareholders begin to lock in their gains after a solid earnings report.’


Read more:

[philanderer] 24/8/2016 11:36

City analysts were also impressed with the numbers....

Greg Johnson of Shore Capital said: “Paddy Power Betfair is a truly world class operator and combining the two group’s with its enhanced scale and capabilities should allow them to deliver growth consistent ahead of the wider market for a sustained period.”



&

Liberum 'hold' reiterates

[philanderer] 24/8/2016 08:46

Impressive H1 results announcement lays out strategic opportunities ahead; stock should be pillar tenant of European portfolios over next 12-24 months



DAVY VIEW

In a preview last week, we noted how this announcement from Paddy Power Betfair would be as important for its strategic detail as for the numbers themselves. The numbers are indeed good (31% earnings growth, 1% ahead of forecast) with raised cost synergy guidance and an accelerated timeline for their achievement to boot. But it is the confident tone of the strategic review that we believe will really drive the stock higher from here.

Last September, in our first attempt to identify and quantify revenue synergies arising from the merger we came up with a list of seven potential sources. While management does not go so far as to quantify the various benefits today, we think it is noteworthy that it has identified at least 20 separate potential revenue drivers.

Some are big, some are small but between them, we believe that a road-map for future market share gains has now been laid out.With this in mind, we reiterate our belief that this stock should be a pillar tenant of European equity portfolios for the foreseeable future.

[philanderer] 24/8/2016 08:36

Sell on the news.


Paddy Power Betfair ‏@PPBetfair 1 hour ago

Online: Sportsbook stakes +20% driven by mobile (now 76% of revenues), Exchange & B2B revenue +3%

... revenue up 18% to £749m with underlying EBITDA up 31% to £181m:

[invisage] 24/8/2016 07:39

Good results. Nice upgrade to earnings.

[philanderer] 23/8/2016 14:31

Paddy Power Betfair signs racing sponsorship with UK’s Daily Mirror

[philanderer] 23/8/2016 13:22

Brexit has 'little or no direct impact' for Rank as casinos and bingos firm posts profit rise after bid withdrawal

Read more:

[philanderer] 23/8/2016 09:03

Investec retains 'sell' .. increases target from 8520p to 9170p

[philanderer] 22/8/2016 23:32

(ShareCast News) - Barclays reinstated coverage of William Hill at 'overweight', raising the price target by 3% to 340p.
It said the stock is cheap and there are potential catalysts in the second half such as announcements around cost savings in retail and online and hopefully news on a new chief executive officer.

"That said, we continue to prefer Paddy Power Betfair given its superior growth, strong balance sheet and strategic optionality," the bank said.

[philanderer] 19/8/2016 20:21

The week ahead: Glencore, WPP, Paddy Power Betfair


Expecting a "solid" set of first half results from Paddy Power Betfair (PPB), Barclays is making room for cash profit of £176 million as a result of further market share gains and a positive Euro 2016.

Investors will look for guidance on cost synergies, wagered growth, full-year guidance and technology integration. News on the integration of the pair will also go down well seeing as the merger was just six months ago. A target price of 115p underpins its 'buy' rating.

"PPB is our Top Pick. We believe that the shares could double. There is a lot for management to potentially discuss at the H1 results, yet it is unclear how much management will want to give away," says analyst Patrick Coffey.

Diditallook.com


Davy Stockbrokers released a note in which explains that the announcement for company’s financial results will be closely monitored not only because it will provide analysts with insights about the future strategies, but also because it will give them with an update related to the synergies, the impact of the changes in the management and the overall integration process.

Back in April, Paddy Power Betfair released a trading update and reassured the interested parties that the integration process was going according to plan.

Davy remains optimistic about the soon-to-be-published financial results. Paddy Power Betfair merger is expected to lead to higher cost savings in a long term. It is also expected to achieve positive operational gearing in the next few years and develop technology that would make the company a self-sufficient in the long run.

According to Davy’s analysts, Paddy Power should report strong growth of online gambling activities in Paddy’s Australian operations and Betfair’s US ones. Expectations are generated EBITDA for Q2 of the year to be at least £120.4 million. Summer months were pretty busy, especially during the “bookie-friendly” Euro 2016, which made analysts hopeful that Paddy Power Betfair will post improved revenues and earnings.

Davy Stockbrokers’ analysts released a joint report related to Paddy Power Betfair H1 performance and emphasized that the 7-month period since the deal was closed was enough for posting stable revenues. They also noted that there is a chance Paddy Power Betfair to exceed their expectations as far as projected savings were concerned and added that they consider the £50 million synergies a bit conservative.

[philanderer] 19/8/2016 17:24

First friday night Premier League match tonight , place your bets ;-)

[philanderer] 18/8/2016 20:46

William Hill takeover bid collapses

[philanderer] 18/8/2016 17:22

'Paddy Power Betfair: a good bet?'

The newly combined Paddy Power Betfair is one of the UK's biggest bookmakers. Is it worth a punt for investors?

[philanderer] 18/8/2016 11:25

Interims / long term outlook statement I guess


'All eyes on Paddy Power Betfair ahead of maiden interim results'

[albo] 18/8/2016 10:35

Is the recent rise on the expectation of a good set of interim results? Or possibly a read through from William Hill activity?

[philanderer] 17/8/2016 11:57

Interims next wednesday.

[philanderer] 15/8/2016 17:35

William Hill Bid in Balance as $4 Billion Offer Rejected Again

[philanderer] 15/8/2016 11:59

Well it`s having a crack at it :-)

[philanderer] 12/8/2016 12:39

Next chart resistance looks to be 9660p then 9760p

[philanderer] 09/8/2016 16:20

William Hill rejects £3.6bn takeover bid from Rank and 888

[philanderer] 08/8/2016 23:54

Invisage, I`ve been looking at GVC for a while and keep thinking I`m too late getting on board , and then it goes up again :-)

[invisage] 08/8/2016 22:33

I hold this. You should check out GVC Phil. A quality betting Company with a large presence in Brazil benefiting from Olympics and likely to go into FTSE 250 on September.

[philanderer] 08/8/2016 21:08

Telegraph market report:

Ahead of its half-year results on August 24, Barclays said Paddy Power Betfair is its “top pick”, as it believes shares could double and results will be “solid” as it continues to deliver “further market share gains” and lifts the lid on the benefits of the merger. The blue chip stock nudged up 85p to £92.35.