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.
|01Feb16 12:14||RNS||Scheme effective|
|01Feb16 11:12||RNS||Form 8.5 (EPT/RI) Bwin Party Digital Entertainment|
|29Jan16 11:14||RNS||Form 8.5 (EPT/RI) Bwin Party Digital Entertainment|
|29Jan16 10:43||RNS||Scheme sanctioned / Suspension of BPTY Shares|
|28Jan16 10:43||RNS||Form 8.5 (EPT/RI) Bwin Party Digital Entertainment|
|27Jan16 10:09||RNS||Form 8.5 (EPT/RI) Bwin Party Digital Entertainment|
|26Jan16 11:06||RNS||Form 8.5 (EPT/RI) Bwin Party Digital Entertainment|
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.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
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 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
N+1 Singer - CVS Group - Strong AGM prompts double-digit upgrades
24 Nov 16
CVS has issued a strong AGM statement which further justifies its premium rating. For the first 4 months to October it has traded “ahead of the Board’s expectations”, registering an impressive 6.3% LFL showing. It has also been busy consolidating and established a foothold in the Dutch market. We push through 10% EPS upgrades for each of the next 3 years and see further upside risk. The strength of the update shows CVS continues to have strong momentum and we argue for fair value towards 1100p.
N+1 Singer - Gym Group - Not quite a lean, fit & healthy outlook
15 Feb 17
Gym Group has done an excellent job in successfully rolling out a disruptive business model in the health & fitness market. However, we think growth expectations are too high and the shares look expensive on a FY17 P/E of 27x. We expect initial signs of increased competition / cannibalisation and LFL pressure to increase over the next 2-3 years and the shares to de-rate. We pitch our forecasts 5%-14% below consensus and initiate with a Sell recommendation and a 145p target price.
Panmure Morning Note 24-02-2017
24 Feb 17
Upgrades and increased shareholder returns were needed to justify the recent share price rally: they have been duly delivered and we expect a positive response today. FY16 was largely ‘in-line’ and initial FY17 comments, for operating profit growth YOY, are encouraging. Our initial estimate is for consensus upgrades of 5-10%. IAG has confirmed a €500m share buy-back programme, which was well flagged and we think in line with market expectations. Overall a welcome, slightly more positive read for the sector, particularly those with self-help levers. Presentation 9am GMT.