Given the potential for these divisions we feel the shares' price/earnings discount to its most similar peers - Ladbrokes (LAD) and Paddy Power Betfair (PPB) - will start looking increasingly unjustified as the rewards from the group's investment online and in its SSBT strategies come through over the next three years. In the meantime, the dividend is an attraction. The balance sheet also looks good and following a fall in net debt last year by £114.6m to £488.2m management… Read More
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