Merlin has magic start: Merlin Entertainments the Owner of Madame Tussauds and Legoland Parks, said last week that it was having a steady start to the year as good weather across Europe helped the early holiday season. Revenue in the 18 weeks to May 2 increased by 7.2%, helped by the strength of the U.S dollar. Nick Varney, chief executive, said that there had been a good reaction to a number of new rides, such as the ‘Oblivion’ drop-coaster launched in Gardaland, Italy, in March, but that the weaker Euro might hit visitor numbers to the U.K this year. Expectations for the full-year results are unchanged, with the market forecasting pretax profits of £274 million, giving 20p in earnings per share. Merlin Entertainments at 462.9p. Questor says HOLD.
6 Mar '15
RE: City AM
Just goes to show what the experts at CityAM know!! Hope too many people didn't take their gloomy comments on-board as Merlin hits an all-time high after GIC takes it's stake to over 5%.ATB.
6 Mar '15
March 5 (Reuters) - Britain's Merlin Entertainments , the operator of Madame Tussauds waxworks and Legoland, said Singapore sovereign wealth fund GIC Private Ltd nearly doubled its stake in the company to about 5.2 percent. Merlin said on Thursday that GIC raised its holding to about 52.6 million shares from about 27.6 million. Private equity firms CVC and Blackstone launched a sale of about 156.5 million shares earlier this week. Shares of Merlin, the world's second largest operator of visitor attractions behind Walt Disney Co, closed up 2.8 percent at 426.5 pence on the London Stock Exchange. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)
4 Mar '15
Merlin Entertainments Owners offload £650 million in company: Legoland Owner Merlin Entertainments saw shares slump after its private equity backers sold over £650 million of stock.
27 Feb '15
Just love this recent addition to my PF.
26 Feb '15
Results look fine. 6.2p dividend for the year and likely to rise in future years - a very cash generative business.
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