Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BWIN PARTY DIGITAL ENTERTAIN. We currently have 4 research reports from 3 professional analysts.
Frequency of research reports
Research reports on
BWIN PARTY DIGITAL ENTERTAIN
BWIN PARTY DIGITAL ENTERTAIN
Panmure Morning Note 05-01-16
05 Jan 16
Bwin.Party has announced a pre-close trading update with trading strong in the final quarter, with net revenue increasing 5% (or 8% underlying – excluding the impact of EU changes to VAT). Significant progress has been made on cost savings, whilst the recommended offer from GVC is expected to complete on the 1st February 2016, subject to court approval in Gibraltar. We expect slight upgrades to consensus estimates post today's update. We continue to be positive on the GVC-Bwin acquisition and retain our Buy recommendation on GVC Holdings.
The Party’s over or just getting started?
20 Jul 15
Bwin.party has been courting a takeover by various parties since last December. Last week, Bwin.party’s board opted to recommend the offer from 888 Holdings. The offer consists of: 39.45p in cash and 0.404 new 888 shares, which equates to roughly 64.4p in 888 shares or a total value of 104.04p.
Panmure Research - bwin.party digital entertainment Flash 09-07-15
09 Jul 15
Bwin.Party has announced it has received a proposal from GVC to acquire all of the outstanding and to be issued share capital for 110p per share, comprised of a combination of GVC shares and cash. The board has considered the GVC proposal and has determined to work with GVC so that the company can finalise the offer in the company days. Furthermore, Bwin has provided a pre-close update for the end of H1 with trading in gaming revenue in line with expectations and sports turnover ahead, albeit at a lower gross win margin. Following today's update we retain our 2015 forecasts and Hold recommendation for Bwin, with the stock trading on a 2015E EV/EBITDA ratio of 9.6x. We retain our Buy recommendation on GVC Holdings and 552p price target.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.