George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Further up today on great numbers and move to new york imv.
These shares will double in the not too distant future. The FanDuel juggernaut is really getting into gear now, with all the years of investment starting to bear fruit
Absolutely agree. I don’t know who would buy shares at this price, £174 a share? Flutter valued at £31 billion pounds? Absolutely no way.
Compared to US companies it is cheap - gambling growth in us is something like 30% atm.
This still seems overvalued when compared to other gambling companies like 888 or Playtech
The forecast PE on 888 is only about 3
Draftkings up over 100% in the last year - so more to come here imv.
According to the US gambling papers, that I read, all the serious, heavy money from the pro's was for San Fran to cover the spread and win LVIII by 3 points or more. These punters got their backsides handed to them on a plate, sliced and diced, by one Patrick Mahomes of KC, in the last minute of overtime.
I wonder f this explains why Flutter's price is so strong. I'm looking forward to reading the annual report next month.
Early excitement has waned a bit but like the superbowl should be a strong finish!
Up 35% on last year - correction.
Bloomberg just reported that there is a huge increase in gambling on the superbowl this year 60?% if I heard correctly.
Sp has rightfully improved since I complained, lol, - nice upward momentum looking at a new ath here!
Sp drop a bit harsh, maybe improve once wall street opens and new sp can be correctly calculated.
Long term holder here. First purchase August of '17 at 55 quid. I expected a much smoother ride to massive profitability, but events provided opportunities to buy more, at mid-fifties in March '20 and low 80's in the Spring of '22. Always struck me that London bookies would clean up in the USA, so spread the cash across here, William Hill and Entain, reckoning that at least one had to hit the jackpot.
Hill got sold down the river very quickly to Caesars for a still-profitable pittance, that should have been much larger. Entain more than doubled at 25 quid, and I should have sold a lot more then as management under Kenny Alexander and the Swedish lady made a lot of mis-steps, both before & after, leaving the price languishing.
Meantime Flutter sails on at almost 200% over initial purchase price and way over 100% overall, having done what the market seemingly doubted, by making a huge profit in the US in 2023. My analysis now suggests (based on the forecast growth in the US market) we'll see a £300 sp before 2030, as the minnows in the US disappear and leave Fan Duel, Draft Kings and MGM to fight over market share, but to keep the costs of that exercise low. Almost as if they're doing it for appearances sake.
As for Entain? MGM is the only buyer for their 50% of the JV. So the only question is, will Entain stay in and reap the profits? It's unlikely imo, that MGM will pay either a good premium, or buy the whole company, to take us out, so I'm relying on good new management being brought in at CEO level to drive the sp back to the £15 to £20 level over the next 3 to 5 years.
We shall see.
Share was up 15% on the day 18th January below.
Good right up in today's London evening standard .
They reporting doing very well in USA .
Broker CA notice they are going to convert to USA listing .
£152.25 today broker shows 3% down since the ISA re buy in April.
DGI post recommended
I’m already in that one, but thanks anyway😘
For those that look for great tips, please have a look at #DGI.
Last year, Flutter became the first online betting operator to turn a profit in the United States since the lifting of a sports betting ban there in 2018. It had forecast full year U.S. core earnings of 140 million pounds in November.
Its full year revenue in the United States was 41% higher year-on-year, driving a 25% increase across the group to 9.5 billion pounds.
That was ahead of the 9.4 billion pounds LSEG SmartEstimate, weighted toward forecasts from analysts who are more consistently accurate.
Fourth quarter revenue growth of 4% in its international division, a 2% dip in Australia and 19% jump in the UK and Ireland, where it won further market share, were in line with guidance, the company said.
Isn’t this what we all want from our shares. Get in!
This is well worth a flutter
Market likes the rns - will we hit an all time high in the run up to nasdaq listing?
RNS - mixed - growth great usa disappointing nasdaq listing good.
Yep, took a small punt here today of 100 shares just after the bell, already up.
Future is bright.
Gl all,
g^f
Two viewpoints here. Yoy Q3 growth for DK of 57.4% and FD 11.7%, or as Jackson seemed keen to push yesterday FD NGR of 47% which is 50% higher than DK. The market voted, even though DK continues to burn through its cash, they have momentum. With both claiming to be No1 in the OSB market, and ESPN and Fanatics about to enter the market, the next 6 months with the New York listing will be an interesting watch.