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32red Share News (TTR)
Share News for 32red (TTR)
| Share Price: 50.00 | Bid: 49.75 | Ask: 50.00 | Change: 0.125 (+0.25%) |  | ||||||
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UK smallcap opening - 32Red slumps on FY profits warning
Wed, 13th Dec 2006 09:05
LONDON (AFX) - Major small cap casualty was 32Red, which slumped 23 pence -- or 42.2 pct -- to
The lower-than-anticipated EBITDA has resulted in a breach of its EBITDA covenant with the Royal Bank of Scotland with which 32Red has an outstanding loan of about 6 mln stg.
Vigilant Technology shares were down 6 at 10-1/2, after the company cautioned its full-year numbers will be below current market expectations.
Sales in the second half have picked up, but Vigilant has been unable to close as many sales as had been anticipated. The sales pipeline for 2007 remains encouraging, nevertheless.
Again on the downside, Plus Markets Group dipped 1-3/4 to 19 following news that the company is to raise 25 mln stg via a placing of 179 mln shares at 14 pence per share.
The trading services company said the placing, which represent 57.02 pct of the enlarged issued share capital, will be used to strengthen its balance sheet, prepare for MiFID regulations and develop and promote new trading services, market data services and company services products.
Still on the backfoot, Slimma shrank 4-1/2 to 53 in reaction to a sharp fall in full-year profits and a warning that investment costs will affect the profit performance of the business in the short term. When combined with a more challenging market place forecast, chairman Carolyn Simons retains a cautious outlook for the new financial year.
newsdesk@afxnews.com
fjb/vjt
COPYRIGHT
Copyright AFX News Limited 2006. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
LONDON (AFX) - Major small cap casualty was 32Red, which slumped 23 pence -- or 42.2 pct -- to
just 31-1/2 after the online casino, poker and sportsbetting operator warned its full-year operating results will fall 'significantly' below current market forecasts. It blamed poor trading at Bet Direct, the sportsbetting operator 32Red bought in June.
The lower-than-anticipated EBITDA has resulted in a breach of its EBITDA covenant with the Royal Bank of Scotland with which 32Red has an outstanding loan of about 6 mln stg.
Vigilant Technology shares were down 6 at 10-1/2, after the company cautioned its full-year numbers will be below current market expectations.
Sales in the second half have picked up, but Vigilant has been unable to close as many sales as had been anticipated. The sales pipeline for 2007 remains encouraging, nevertheless.
Again on the downside, Plus Markets Group dipped 1-3/4 to 19 following news that the company is to raise 25 mln stg via a placing of 179 mln shares at 14 pence per share.
The trading services company said the placing, which represent 57.02 pct of the enlarged issued share capital, will be used to strengthen its balance sheet, prepare for MiFID regulations and develop and promote new trading services, market data services and company services products.
Still on the backfoot, Slimma shrank 4-1/2 to 53 in reaction to a sharp fall in full-year profits and a warning that investment costs will affect the profit performance of the business in the short term. When combined with a more challenging market place forecast, chairman Carolyn Simons retains a cautious outlook for the new financial year.
newsdesk@afxnews.com
fjb/vjt
COPYRIGHT
Copyright AFX News Limited 2006. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
UPDATE 1-Gaming company 32Red to launch in Italy
LONDON, Sept 5 (Reuters) - Online gaming company 32Red Plc said revenues rose 22 percent in July and August despite having to compete for atten[5 Sep '12]
BRIEF-32Red says July and August 2012 revenues up 22 pct
LONDON, Sept 5 (Reuters) - 32Red PLC: * July and August 2012 revenues up 22% on the corresponding period in 2011 * H1 profit before ta[5 Sep '12]
BRIEF-32Red says July and August 2012 revenues up 22 pct
LONDON, Sept 5 (Reuters) - 32Red PLC: * July and August 2012 revenues up 22% on the corresponding period in 2011 * H1 profit before ta[5 Sep '12]
BRIEF-32Red says 2012 revenues to beat market forecasts
LONDON, July 23 (Reuters) - 32Red PLC: * Says total gross win up 50% to £16.5M (2011: £11.0M) in the first six months of 2012 *[23 Jul '12]
BRIEF-32Red says William Hill court appeal dismissed
LONDON, Jan 24 (Reuters) - 32Red PLC: * William hill appeal dismissed * Appeal court found that william hill also infringed 32red's re[24 Jan '12]
BRIEF-RESEARCH ALERT-Numis UPS 32Red Plc target price
July 21 (Reuters) - 32Red Plc: * Numis ups 32Red Plc target price to 45P from 27P For a summary of rating actions and price target ch[21 Jul '11]
BRIEF-RESEARCH ALERT-Numis raises 32Red target price
Jan 24 (Reuters) - 32Red Plc: * Numis raises 32Red Plc target price to 27P from 22P; rating buy For a summary of rating actions a[24 Jan '11]
BRIEF-32Red says High Court rules in its favour
LONDON, Jan 21 (Reuters) - 32Red Plc: * High court delivered judgment in the company's trade mark dispute against william hill[21 Jan '11]
