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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Partygaming | PRTY | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
193.40 |
Top Posts |
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Posted at 01/4/2011 15:35 by bogg1e What we need is a value/target price for the new merged company. Unfortunately vectorvest has not updated the details since the merger. They did have prty as valued at 150p, but once the new value is calculated I shall post it. Good luck all, and good to see a decent rise from the 170p bottom. 20% up since then and looks like more to come. |
Posted at 15/3/2011 13:10 by hubshank DividendThe new bwin.party depositary interests will carry a dividend entitlement with effect from 1 January 2010. The company's dividend policy will be determined by the new board of bwin.party digital entertainment plc over the next few months. I am unclear if this means ordinary share holders will get a dividend too. I am guessing not, however any other opinions out there? |
Posted at 03/3/2011 09:26 by loganair I know it's not possible at the moment because of the merger, but I've never understood why considering PRTY make a healthy profit they haven't paid a dividend since pulling out of the USA market??Even more so considering they have nett cash of 156.7m on their balance sheet. Making EPS 13.4 Euro Cents, I don't think it right and proper that we the owners don't see a penny of it. |
Posted at 10/2/2011 10:00 by frauchi10 I'm holding this stock already for several (entry level GBP 3.10) years as I initally thought one day PRTY would be back in the US. As I realized that this is probably never gonna happen I still kept it as there was enough money to be made in Europe and even without US I was expecting this share easily climb back above GBP 5.-- But now I'm seriousely frustrated as it looks like an US scenario will happen in the most important European countries too and there won't be any future at all for PRTY. On top of that my base currency is not GBP and due to the fact that I'm losing another 20% on the FX this investment is a real nightmare. |
Posted at 09/2/2011 18:31 by frauchi10 Barclays said that a regulation passing sports betting only in Germany, coupled with taxation on UK revenues, is the current bear case on PRTY. Barclays estimates that PRTY would lose ca. 40% of German clean EBIDTA (20-25& of total EBITDA) in the short term. This would result in 2012E clean EBITDA of ca. EUR 64 Mio. At least this would bring regulatory certainty in PRTY's key market.Over the past 3 years PRTY has traded on average 9.9 x 1 year forward EV/EBIDTA multiple and with regulatory clarity Barclays expect the stock to trade on 9-10x EV/EBITDA. This would lead to a potential share price of 137p or a 25% downside. Possible German regulatory scenarios and impact on PRTY's profitability Status quo - No change Denmark style regulation - Short-term diclines, medium-term growth France sytle regulation - ca. 20-25% clean EBIDTA decline Sportsbetting only - ca. 35% clean EBIDTA decline |
Posted at 09/2/2011 17:09 by jezza123 Ah yes - I see what you mean now, BWIN apparently do operate illegally in Germany... ooops. Been too focused on PRTY.But then given PRTY had no exposure to this change, I can't see why the reduction to the combined entity should be 25%. |
Posted at 31/12/2010 18:42 by salpara111 Pretty lacklustre year for PRTY.Cant make my mind up whether to get involved. I find it difficult to put a value on PRTY the sector seems to be moving from one of a growth story to a maturing sector, the only problem is that none of the companies in this sector make normal profits or pay respectable dividends so the share price is sentiment driven. I guess there is probably little downside from this level but equally it is difficult to determine what will drive the share price up. |
Posted at 19/12/2010 13:57 by guidfarr will prty let 888 go without a fight at such levels? if anything common sense would say that even if it wasn't ready to buy 888 it would make an equivalent bid to make Ladbrokes pay higher! both 888 and prty are in the same offices and 888powers most prty's bingo properties so the synergy would be very valid and acquiring 888 would give prty a freehand in most other markets. |
Posted at 08/12/2010 16:04 by mechanical trader refering to brokers copied this from above.looks to me like we will gain the lost ground back very quickly. Its very interesting to see what Buys brokers have recently pencilled in for this going forward. PartyGaming PLC FORECASTS 2010 2011 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Panmure Gordon 01-12-10 BUY 92.30 19.00 103.00 21.30 Peel Hunt 30-11-10 BUY 71.98 15.24 81.85 16.95 Shore Capital 26-11-10 BUY 48.91 16.76 62.77 18.37 Evolution Securities Ltd 24-11-10 BUY 69.14 14.30 75.48 15.57 Numis Securities Ltd 17-11-10 BUY 82.94 18.65 94.13 20.51 Execution Noble 16-11-10 BUY 78.16 16.97 91.51 19.66 Collins Stewart 08-11-10 BUY 19.04 18.18 Daniel Stewart 28-06-10 BUY 73.24 19.09 88.95 21.30 2010 2011 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 68.02 16.19 66.79 15.89 1 Month Change -4.92 -0.79 -16.75 -2.53 3 Month Change -7.19 -0.77 -20.29 -2.73 GROWTH 2009 (A) 2010 (E) 2011 (E) Norm. EPS -13.52% 39.47% -1.86% DPS % % % INVESTMENT RATIOS 2009 (A) 2010 (E) 2011 (E) EBITDA £77.93m £88.13m £109.40m EBIT £51.64m £59.55m £65.48m Dividend Yield % % % Dividend Cover x x x PER 21.71x 15.56x 15.86x PEG -1.60f 0.39f -8.50f Net Asset Value PS -11.52p 42.68p 51.21p |
Posted at 02/12/2010 13:41 by old joe1 Intraday we look like we are about to have hit support and start again on the ladder up.Its very interesting to see what Buys brokers have recently pencilled in for this going forward. PartyGaming PLC FORECASTS 2010 2011 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Panmure Gordon 01-12-10 BUY 92.30 19.00 103.00 21.30 Peel Hunt 30-11-10 BUY 71.98 15.24 81.85 16.95 Shore Capital 26-11-10 BUY 48.91 16.76 62.77 18.37 Evolution Securities Ltd 24-11-10 BUY 69.14 14.30 75.48 15.57 Numis Securities Ltd 17-11-10 BUY 82.94 18.65 94.13 20.51 Execution Noble 16-11-10 BUY 78.16 16.97 91.51 19.66 Collins Stewart 08-11-10 BUY 19.04 18.18 Daniel Stewart 28-06-10 BUY 73.24 19.09 88.95 21.30 2010 2011 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 68.02 16.19 66.79 15.89 1 Month Change -4.92 -0.79 -16.75 -2.53 3 Month Change -7.19 -0.77 -20.29 -2.73 GROWTH 2009 (A) 2010 (E) 2011 (E) Norm. EPS -13.52% 39.47% -1.86% DPS % % % INVESTMENT RATIOS 2009 (A) 2010 (E) 2011 (E) EBITDA £77.93m £88.13m £109.40m EBIT £51.64m £59.55m £65.48m Dividend Yield % % % Dividend Cover x x x PER 21.71x 15.56x 15.86x PEG -1.60f 0.39f -8.50f Net Asset Value PS -11.52p 42.68p 51.21p |
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