Paddy Power Betfair Share Discussion Threads

[philanderer] 26/4/2016 11:49

Paddy Power Betfair boosted by Morgan Stanley upgrade

[philanderer] 22/4/2016 13:39

And twonked again today :-O

[philanderer] 21/4/2016 23:18

New closing low.

[philanderer] 20/4/2016 21:12

'Market Report: Paddy Power Betfair tumbles as Credit Suisse questions merger'


Shares in Paddy Power Betfair sank after Credit Suisse questioned the “extent of the benefits” from the newly-merged betting giant.

The investment bank said synergies alone are a poor rationale for M&A in a growth industry such as online gaming. Ed Birkin, of Credit Suisse, said: “We believe that scale is not as important as many believe, and is no indication of potential market share gains.”

As separate entities, both companies had strong brands, high quality management teams and good products, the bank said. As such, it believes the post-merger share price reaction is overdone.

Given its apprehensive tone, Credit Suisse began covering the FTSE 100 stock by issuing an “underperform” rating and a price target of £86.50.

The bank urged investors to remember that “it is unlikely that every merger will be a success”. However, Mr Birkin highlighted the merger will lead to a significant boost to the technology budget and marketing spend.

While analysts acknowledge the combined management team are extremely strong, they are less convinced about the scale of the potential benefit in bringing the two companies together, compared to leaving them as standalone entities. Shares closed down 405p, or 4.3pc, at £89.25.

Shares surged by more than 60pc since the merger, which created a €10bn gambling giant, was announced in August.

[philanderer] 20/4/2016 08:42

Credit Suisse initiates coverage with 'underperform' tp 8650p

[philanderer] 19/4/2016 20:21

Paddy Power Betfair was among the biggest fallers, down 2pc to £93.30. The move lower came a day after the gambling group released its annual report, which revealed the group’s former chief executive Andy McCue pocketed more than €3.7m last year in salary, benefits and shares.

[philanderer] 18/4/2016 14:30

Yes, just over £8 bn.

[som753] 18/4/2016 14:15

is the market valuation of this company PPB: £8.02 bn?

[philanderer] 11/4/2016 09:44

11th april Barclays overweight tp 11500.00

reiterates

[philanderer] 05/4/2016 14:21

Paddy Power Betfair to cut 650 jobs in UK and Ireland

[albo] 21/3/2016 07:55

Cheltenham Festival losses!!

[soundbuy] 18/3/2016 10:08

Odd price action, budget worries over, FTSE entry Monday......ummmm

[philanderer] 16/3/2016 20:15

Telegraph market report:

Shares in gambling companies bounced back from sharp losses suffered earlier in the week after it escaped the wrath of the Chancellor’s red box.

Mid-cap group Ladbrokes rallied 5.9pc to 121.7p, William Hill leapt 3.9pc to 379.6p and Paddy Power Betfair edged up 0.7pc to £91 as the sector escaped any further measures that could reform business at the bookies. On Monday, the industry was rocked by speculation the Government might hike taxes on gaming machines and online earnings. Last week, broker Investec spooked investors warning a final decision on the structure of the future racing levy was on Budget day.

[philanderer] 16/3/2016 12:26

Good value here now I reckon. Just bought a few.

[philanderer] 15/3/2016 23:19

No it`s ok , directors have already sold ;-D

[montyhedge] 15/3/2016 15:45

Ouch bookies getting hammered at Cheltenham.

[philanderer] 14/3/2016 19:39

LONDON (Alliance News) -

bookmaker Paddy Power Betfair Monday said Non-Executive Director Stewart Kenny sold around EUR3.3 million in shares in the business.

Kenny, who served as Chief Executive of Paddy Power from 1988 to 2002, sold 27,000 shares at EUR120.38 each on Friday, leaving him with 330,432 shares. That is equivalent to a 0.395% stake in the business. He co-founded Paddy Power in 1988.

The Irish bookmaker bought rival Betfair last year in a deal creating one of the world's largest online gambling firms. The newly-merged entity will enter the FTSE 100 next Monday, with a market capitalisation of about GBP7.78 billion.

The stock was closed down 1.1% at 9,206.23 pence in London on Monday

[philanderer] 08/3/2016 23:29

'Paddy Power's pre-merger revenues hit £850m'

Bookmaker earned enough in three hours to cover recent ‘voluntary payment’ for encouraging problem gambling


article:

[philanderer] 08/3/2016 13:35

The final dividend of 120.0 cent per share, special dividend of EUR80m (181.4 cent per share) and the closing dividend, representing the period from 1 January 2016 to 1 February 2016 (inclusive), of 18.0 cent per share had a record date of close of business on 1 February 2016. The three dividends were paid on 2 March 2016

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08 Mar Numis Add Target 1050p

Reiterates

[plasybryn] 04/3/2016 18:13

Ex dividend on 12th March? Is that right?

[responsible lad] 19/2/2004 16:38

what a great deal for shareholders. "double6 you still entitled to the shares at 1p"?. "10 to 20 times in return to you if you still are", "worth checking mate".

[responsible lad] 19/2/2004 16:38

what a great deal for shareholders. "double6 you still entitled to the shares at 1p"?. "10 to 20 times in return to you if you still are", "worth checking mate".

[responsible lad] 19/2/2004 12:53

looks like the share price will settle out at 10p.

[double6] 16/2/2004 19:30

Shareholders well and truly shafted - amazed that I was able to sell at 15p first thing this a.m. - would have thought they would have opened at around the 5p level.