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Small caps: Paddy Power, Avis Europe, Plexus...

Tue, 18th May 2010 14:04

Irish bookie Paddy Power says 2010 has seen very strong revenue performance in online (total gross win (ex Australia) +32%) and good bet volume growth across all channels. "Following a run of adverse sporting results in 2009 the group's sportsbook gross win percentages have returned to normal expectations in the year to date," it added.Hire car group Avis reports a good start to the year despite the disruptions to travel due to adverse weather conditions and the volcanic ash cloud in April. Given the disruptions, billed days, our measure of volumes, are encouragingly currently only slightly lower than prior year, it added, with a good performance in the UK, France and Germany.Investment firm Evolution Group said total income and operating profitability are ahead of the comparative period in 2009 despite some "extremely" challenging market conditions experienced in the year to date."The recent financial market turbulence is a reminder of how the short term uncertainties stemming from the ongoing unwinding of the global structural imbalances may continue to provide challenging trading conditions for some time. The group is confident, however, that its growth plans remain on track," it said.The slanging match between Pyrrho and bit target Liberty, the luxury goods retailer, continues. Pyrrho denies its offer for Liberty was "highly conditional" and said it was never told a higher offer existed. Liberty said yesterday that Pyrrho "had ample opportunity" to increase its proposed 185p a share offer but refused to do so on an unconditional basis. It has since received an offer from Pyrrho that is at "a higher aggregate price" than BlueGem's 186p a share. Plexus Holdings has reached agreement with Senergy, a leading worldwide energy operator, to supply its proprietary POS-GRIP wellhead technology and mudline suspension systems for exploration activities in the North Sea. The contract is worth approximately £700,000, which is subject to completion of relevant terms, with revenues expected to commence 31 July. Rental company Northbridge says enquiries and quotes for the sale of manufactured units are improving compared with the levels of last year. In addition rental demand continues to increase in nearly all our markets.Oil and gas explorer CDS's directors say its financial situation is not appropriate for an AIM quoted company and it will cancel its listing on 23 June.
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11 Apr 2014 09:42

JPMorgan lowers targets for gambling stocks on regulatory risks

It's hard to see any positive catalysts in the European gambling sector, according to JPMorgan Cazenove, which retained its cautious stance on stocks in light of regulatory risks. JPMorgan lowered its price targets for the majority of gambling stocks under its coverage. The bank said that despite

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20 Mar 2014 12:17

Broker tips: RBS, GlaxoSmithKline, Bookmakers

Investec has raised its rating for UK banking group Royal Bank of Scotland from 'sell' to 'hold' following the recent slump in its share price, but continues to recommend investors to avoid the stock. With the stock now trading at just 0.8 times tangible net asset value (tNAV), compared with a then

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20 Mar 2014 12:01

London midday: UK stocks at six-week low after hawkish comments from Yellen

- Yellen comments rattle markets on tightening fears - FOMC tapers asset purchases by another 10bn dollars/month - Next impresses with full-year results - Changes in Budget continuing to affect stocks techMARK 2,788.04 -1.09% FTSE 100 6,500.19 -1.11% FTSE 250 16,174.99 -1.00% UK stocks dropped sha

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20 Mar 2014 10:42

Credit Suisse lowers forecasts for bookmakers on gaming duty changes

The share prices of UK bookmakers have taken a hit in the aftermath of George Osborne's 2014 budget, in which he unveiled an increase in gaming machine taxation and an extension of the horse racing betting levy to include offshore operators. Credit Suisse has responded to the news by cutting its fo

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19 Mar 2014 13:31

Paddy Power 'brought advertising into disrepute' with Pistorius ad

Bookmaker Paddy Power broke industry regulations with its Oscar Pistorius murder trial advert, the UK Advertising Standards Authority (ASA) has ruled. The company received a record 5,525 complaints for the ad, which was published in the Sun on Sunday newspaper, was accused of trivialising domestic

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11 Mar 2014 17:42

DIRECTOR DEALINGS: Paddy Power Secretary Sells Shares

LONDON (Alliance News) - Paddy Power PLC Tuesday said Secretary Jack Massey sold 54,799 shares in the company at a price of EUR59.75 per share. Paddy Power shares closed down 1.6% at 60.3911 pence Tuesday. By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1 Copyright © 2014 A

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4 Mar 2014 12:38

Paddy Power enjoys record results as mobile betting pays off

In spite of adverse sports results in the second half of the year, Irish bookmaker Paddy Power unveiled record annual profits as revenues grew in every division. Net revenue jumped 17% to €745m and pre-tax profit gained 5% to €141m, boosted by strong online and mobile performance. Chief Executive

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4 Mar 2014 12:21

Paddy Power 2013 Profits, Revenue Propped Up By Online Business

LONDON (Alliance News) - Betting and gaming company Paddy Power PLC Tuesday reported an increase in revenues and profits for the year 2013, boosted by its online business, although it said it lost out on EUR10 million in profits due to new product fees and taxes, currency depreciation and the fir

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4 Mar 2014 08:31

UK MORNING BRIEFING: Shares Rebound On Lowered Ukraine Tensions

LONDON (Alliance News) - Shares have rebound at the open Tuesday, amid reports that Russian President Vladimir Putin has order troops near the Ukraine back to their bases.

Miner Fresnillo is down 6.8% at the open as it reported profit more than halved in 2013, thou

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20 Nov 2013 11:36

GameAccount Network Raises GBP22.2 Million Ahead Of AIM Listing

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19 Nov 2013 14:17

Paddy Power Shares Drop 7.6% After It Dials Back Profit Guidance

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19 Nov 2013 13:18

STOCKS NEWS EUROPE-Lekoil helps AIM index outpace FTSE Small Caps

The FTSE small cap index falls 0.3 percent but the junior-listed AIM shares rise 0.2 percent, outperforming the mid-caps and the blue chips down 0.2 percent and 0.5 percent, respectively. AIM-listed Lekoil jumps 16 percent after its partner Africa-focused oil firm Afren annonces an explorat

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19 Nov 2013 12:13

Paddy Power warns on profits after tough sports results

Irish bookmaker Paddy Power warned on profits as summer and autumn horse racing and soccer results went against it, knocking its shares. The stock dropped 4.84p or nearly 8% to 57.66p by midday on Tuesday in London as it said 2013 operating profit should rise by a low to mid-single digit percentage

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28 Aug 2013 15:18

Paddy Power eyes bumper World Cup as profit guidance dents shares

* Shares ease on sports results, guidance * Sees low to mid double digit FY operating profit growth * H1 revenues rise 22 pct, online leads the way By Padraic Halpin DUBLIN, Aug 28 (Reuters) - Irish bookmaker Paddy Power held out the prospect of bumper takings from next

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28 Aug 2013 08:44

Paddy Power ups dividend after 22 per cent rise in net revenue

Paddy Power, which provides sports betting services, has posted a 22 per cent rise in net revenue, with growth in every division. Profit before tax for the period rose 12% to €77.0m (2012 H1: €68.7m) on net revenue of €379.8m (2012 H1: €311.2m). The amount staked by customers rose from €2.7bn to

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