30 Nov 2015 07:46
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
LAD.L Share News (LAD)
LAD Share
Price
LAD Share
News
LAD Share
Chat
LAD Share
Trades
LAD
Live RNS
LAD Share
Charts
LAD Broker
Ratings
LAD Directors
Deals
LAD Financial
Diary
LAD
Fundamentals
LAD Short
Positions
LAD
Media
LAD.L Information
- There is currently no data for LAD
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Ladbrokes given a boost by Berenberg upgrade
Fri, 26th Aug 2016 08:46
(ShareCast News) - Berenberg has raised its rating on Ladbrokes to 'buy' from 'hold' and lifted its target price to 185p from 130p, saying the company is its second favourite stock in gaming after Playtech.The broker said since it initiated on Ladbrokes a number of positives have materialised with first half results beating expectations, the merger with Coral receiving approval and Boylesports proposing to buy around 360 shops to be disposed."We expect Coral to report strong numbers on 31 August, earnings momentum to continue; we therefore revisit our numbers and upgrade the stock to 'buy'.""The stock is up (c15% in one month), but it is not too late to join the rally."Earlier this month, Ladbrokes reported a 13.1% rise in first half revenue to £661.8m and a 61% increase in pre-tax profit to 339.8m, supported by favourable sporting results and a higher number of placed bets.Group revenue was driven growth in its online division, where revenues rose 41% to £158m. Berenberg expects Coral's third quarter results will show trends "at least as good as in its previous quarter" with a 9% year-on-year rise in revenues."We have therefore increased our estimates for both companies, which has resulted in 15% higher earnings per share 2017-2018E for the combined entity."Shares climbed 2.74% to 161.20p at 0940 BST.
More News
24 Nov 2015 15:28
UPDATE 1-Desmond fights on after Ladbrokes shareholders back Gala Coral deal
(Adds further Desmond comments, board response, shares) By Paul Sandle LONDON, Nov 24 (Reuters) - Shareholders in British bookmaker Ladbrokes strongly backed its planned merger with rival Gala Coral on Tuesday but rebel investor Dermot Desmond vowed to fight on. Ladbrokes agreed
Read more24 Nov 2015 13:10
Ladbrokes shareholders overwhelmingly back Gala Coral takeover
LONDON, Nov 24 (Reuters) - Shareholders in bookmaker Ladbrokes backed its 2.3 billion pound ($3.5 billion) tie-up with Gala Coral, a deal it hopes will give it the clout to make a bigger splash online where it has been outgunned by rivals. The holders of 96 percent of Ladbrokes shares voted
Read more19 Nov 2015 16:22
19 Nov 2015 10:49
Ladbrokes resolute on Coral deal after criticism from shareholder Desmond
LONDON, Nov 19 (Reuters) - British bookmaker Ladbrokes said the rationale for its proposed acquisition of rival Gala Coral was "compelling" in response to opposition from Irish billionaire shareholder Dermot Desmond. The two companies agreed an all-share merger in July to create a 2.3 bill
Read more18 Nov 2015 14:35
Irish billionaire Desmond urges Ladbrokes shareholders to reject Coral merger
DUBLIN, Nov 18 (Reuters) - Irish billionaire Dermot Desmond has written to fellow shareholders in British bookmaker Ladbrokes to urge them to reject a proposed merger with rival Gala Coral at a shareholders meeting next Tuesday. The two bookmakers agreed an all-share merger in July, creatin
Read more5 Nov 2015 16:31
27 Oct 2015 07:01
Tuesday newspaper round-up: Tax credits, Equiniti, Equity release
(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected p
Read more