2013 – The Great Irish Share Valuation Project (Part IV) I take a look at Paddy Power, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/02/11/2013-the-great-irish-share-valuation-project-part-iv/ Cheers, Wexboy
16 Nov '12
"Our leading positions in mobile betting are positively impacting online turnover growth and sportsbook gross win percentages. In October, mobile turnover as a percentage of total online sportsbook stakes was 27% in Australia (June: 25%) and 45% in paddypower.com (June: 41%). The most rapid mobile penetration continues to occur in gaming with mobile gross win in October accounting for 28% of Paddy Power Casino (June: 19%) and 25% of Paddy Power Games (June: 20%)."
16 Nov '12
Irish bookmaker Paddy Power has said that overall, its performance between the start of July and mid-November has been in line with expectations, with strong growth in net revenue of 23 per cent and continued significant investment. The paddypower.com website maintained good momentum, with turnover increasing by 28% against the same period the previous year. Activity levels outside of Australia were moderated by a number of factors, including weather related racing cancellations and the Olympics. However, this was offset by favourable sports results which resulted in a gross win percentage above our normal expectations and the equivalent period last year. UK Retailed delivered a solid performance in a competitive high-street environment, with like-for-like net revenue up 5%, driven by strong sportsbook growth of 12%, offsetting a decline in machine gaming of 4%. Irish Retail also performed positively with like-for-like stakes up 0.4% and net revenue up 8%. Online turnover in Australia rose 24% compared to the same period the previous year, and while gaming/B2B net revenue growth slowed during August and September, it returned to strong growth in October and grew by 14% in the period overall. "We now expect to open up to 45 new shops in the UK in 2012," the firm said. "We also continued to progress our portfolio of newer online businesses and to invest in exploring other development opportunities to contribute to longer term growth.
18 Sep '12
Any new info from others welcome board seems too quiet still looks solid for year end despite regulation restrictions and reinvestment costs, steady year on year upwards trend
15 Sep '12
Springing up everywhere
I drive through a poorer part of Glasgow every day in an area full of Chicken Cottages and bookmakers. The most prominent and newest entry is the Paddy Power shop and how it stands out! They seem to be expanding rapidly and are constantly marketing themselves. This share is on my radar. I am 96% up on WMH in the last 18 months and now looking for growth in PAP. Any thoughts? Do we have more upside here? Thanks.
29 Aug '12
Commenting on the results, Chief Executive Patrick Kennedy said: "Revenue growth in our existing businesses has accelerated with a 29% increase and each of the divisions achieving double digit growth." The group has launched into the Italian online market and three further new revenue streams set to contribute in the second half of the year, he added. "With our Online and Retail divisions both continuing to deliver substantial growth and our expansion plans progressing, we are confident in the Group's prospects for the rest of the year and beyond."
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