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.
N+1 Singer - Morning Song 21-03-2017
21 Mar 17
accesso Technology (ACSO LN) Full year results in line, but key trading months still ahead | Augean (AUG LN) Double digit growth in ’16, good start to ‘17 | Earthport (EPO LN) Interims show continued top line strength | Goals Soccer Centres (GOAL LN) Good momentum under new team. It’s now all about delivery | IQE (IQE LN) FY’16 results prompt further upgrades | Microsaic Systems (MSYS LN) Challenges in 2016, strategy remains in place | mporium Group (MPM LN) Funds raised to help execute strategy | RhythmOne (RTHM LN) Dawn of the independents | ScS Group (SCS LN) Strong progress on key growth initiatives albeit comps now toughen | Sinclair Pharma (SPH LN) FY results: EBITDA ahead, Instalift™ gaining pace | Vectura Group (VEC LN) FY (9-month) results
N+1 Singer - ScS Group - Strong progress on key growth initiatives albeit comps now toughen
21 Mar 17
Whilst interim results are complicated by timing differences around order deliveries (flattery of c£1.9m) and rephasing of marketing (drag of c£1.9m), adjusted EBITDA improved by c£1.7m on an underlying basis – moving ScS into positive territory in its historically loss-making first half. Good progress was made on all 4 growth strategies and it maintained its 5-star score on Trustpilot. Whilst LFL order intake is down c5-6% in current trading, this reflects weak retail park footfall in Feb (not a conversion issue) and it has seen an improvement since the start of March. This means it is on track to meet FY expectations. Reassuring dynamics on margins & costs may add to investor relief, with the shares on <2x EV/EBITDA.
N+1 Singer - Goals Soccer Centres - Good momentum under new team. It’s now all about delivery
21 Mar 17
2016 finals have come in marginally below consensus PBT forecasts but this should not detract from positive operational and strategic momentum. There is still much work to do, but the tenor of the results is encouraging and management signals a good start to FY17. The main surprise is news of a third USA site opening. We tweak our FY17/18 PBT forecast up by 2% and stay at Buy on recovery grounds with a 140p 12m TP.
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.
Interim results confirm solid peak Pier trading
21 Mar 17
1H results demonstrate positive progress in both divisions, with a solid first peak trading contribution from the Pier and rationalisation/stabilisation of the Bars business. Trading is expected to remain in-line with market expectations, with management reiterating ambitions for further strategic acquisitions of experiential leisure sites. Our underlying forecasts are substantially unchanged, save for a one-off lower tax rate boosting FY17 EPS. BUY, 150p target price.