14 Mar 2018 17:41
DIRECTOR DEALINGS: Paddy Power Betfair Chairman Buys Shares
LONDON (Alliance News) - Gambling company Paddy Power Betfair PLC said Wednesday that Chairman Gary McGann bought EUR110,562 worth of shares on chairman bought
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Paddy Power Betfair Information
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Don't have an account? Click here to register.Credit Suisse starts Paddy Power Betfair at 'underperform'
Wed, 20th Apr 2016 14:30
(ShareCast News) - Credit Suisse initiated coverage of Paddy Power Betfair at 'underperform' with a 8,650p price target, saying the merger benefits were being overplayed, with the cost synergies and scale failing to justify the share price."We feel that cost synergies alone are a poor rationale for M&A in a growth industry such as online gaming. Furthermore, we believe that scale is not as important as many believe, and is no indication of potential market share gains."Given both companies already had strong brands, high quality management teams and good product/technology offerings, CS questioned the extent of the benefits of the merger.It attributed the 'underperform' rating to the post-merger share price reaction - the stock is up 66% versus the sector down 0.2% -integration risks and limited revenue synergies."Although we think there is clear earnings upside potential from the combination, we believe the share price reaction since the merger announcement has been overdone."Credit Suisse said the stock's valuation looks expensive compared to peers, with only 15% of current embedded value of Paddy Power Betfair being generated by cash flows in the next five years versus 29% at William Hill and 28% at Ladbrokes.The bank's forecasts for the merged entity include 2.4 percentage point of UK market share gain over the next five years and 3 ppt of underlying group EBIT margin enhancement, neither of which it sees as conservative.At 1437 BST, Paddy Power Betfair shares were down 3.6% to 8,990p.
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7 Mar 2018 17:39
UPDATE 1-FTSE 100 edges up powered by Rolls Royce
* Rolls Royce up 11.5 pct after results * Paddy Power tumbles on disappointing guidance * WPP hit by report P&G cutting ad agency spending (Updates with details, closing Helen 7
Read more7 Mar 2018 10:38
WINNERS & LOSERS SUMMARY: Rolls-Royce Powers Up On Restructuring Plan
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 12%. The aircraft-engine maker reported a
Read more7 Mar 2018 10:00
Renewed trade fears weigh on FTSE 100 while Rolls Royce roars up
* Rolls Royce up 13 pct after results * Paddy Power Betfair tumbles 5 pct * Hill & Smith leads FTSE 250 * WPP hit by report P&G cutting ad agency spending By 7
Read more5 Mar 2018 09:52
BUZZ-Irish stocks: playing catch-up after snow closed exchange
** Irish stocks among top fallers in Europe on Monday, playing catch-up with Friday's sell-off after the stock exchange closed for bad weather ** Irish Stock closed
Read more15 Feb 2017 08:16
HSBC downgrades bookmakers as 'series of risks' looms
(ShareCast News) - HSBC downgraded shares in William Hill, Ladbrokes Coral and Paddy Power Betfair as they face a consumer spending slowdown and a series of other risks in the coming months. Hills and Laddies were moved to 'reduce' ratings from their previous 'hold' and PPB to 'hold' from 'buy'. As
Read more23 Jan 2017 15:00
FTSE 100 movers: Paddy Power and banks lead London losers
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read more23 Jan 2017 07:13
Trump win truncates profits at Paddy Power Betfair
(ShareCast News) - Paddy Power Betfair said it would not hit its top-end targets after Donald Trump's unexpected US election win and several other punter-friendly sporting results at the end of the year cost the bookmaker around £40m. This was more than analysts were expecting, as rivals William Hil
Read more15 Nov 2016 12:30
Tuesday broker round-up
(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power
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