dandigirl
15 Jul 2015
Re: Credit Suisse Could be - it does appear to be very dated.
Punilux
15 Jul 2015
Re: experts "Rather than try and interpret the clever and ambiguous words of company statements isn't it better to take the view,that Human nature is a constant and gambling is a human trait..."Which bit of company statements do you have a problem with? Do you turn up at AGMs and ask for clarification of the "clever and ambiguous words" ? Would investors have a better chance if companies did away with advices to investors and replaced them with photos of the board so we can decide if they look trustworthy?"I wonder how much the Murray loss was worth"I think that there were quite a few doubles on the men's and women's favourites which cost bookies plenty. Perhaps someone could write a song about it, to save you reading words."in every race more losers than winners."Like the university boat race? The one in which about £10M was staked." That is why I believe that this stock is ideal for an isa as the divi is good and when there is a good run of results which will follow the recent bad run as sure as night follows day then there is a capital gain tax free."That's the divi that isn't presently covered in an ISA, to save on capital gains. Err, right."The reason I say weak buy,is that I cannot see how this industry can pass on the cost of the minimum wage bill,as can other industies "I think that you will find Ladbrokes and Corals to be must likely to benefit as they trundle on towards single manning . The current rate is in excess of £10 per hour, so far as I am aware. Other chains have reservations about leaving staff on their own in many shops, but will be badly hit if the "living wage" is enforced. The obvious opt-out is to have 50% of your shop staff under 25 which is pretty much the case for WMH at the moment.Are you employed by S&P by any chance?
Punilux
15 Jul 2015
Re: Credit Suisse I strongly suspect that, based on the content and SP predictions, the Credit Suisse note was issued at the start of the year rather than yesterday.
dandigirl
15 Jul 2015
Re: Credit Suisse Have to say that I think this CS view of Ladbrokes to be preposterous.Even in the dim dark days the sp did not fall to 85p, as I remember it. Now with things looking up CS considers 85p to be a target price! Have they not heard there is a new CEO and that discussions have started with Gala Coral?I also read that the Gibraltar Gaming Assoc. has won the right to take their case to the ECJ in order to review whether or not the UK can impose the new tax on Gibraltar companies. If the UK loses the Gib Chronicle is asserting that taxes paid would have to be refunded.Interesting times but CS really ought to catch up.
nk1999
14 Jul 2015
Credit Suisse From ADVFN:"London-listed bookmakers Ladbrokes and William Hill were feeling the pinch in early trade after downgrades by Credit Suisse.The bank cut its stance on Ladbrokes to 'underperform' from 'neutral' and reduced the target to 85p from 115p. At the same time, it downgraded William Hill to 'neutral' from 'outperform' and cut the target to 420p from 455p."Between 2012 and 2015, changes in regulation in the UK have led to earnings downgrades of 28% for William Hill and 46% for Ladbrokes in 2015E. Despite this, consensus forecasts assume no further regulatory change," said CS.As far as regulator change is concerned, it reckoned headwinds are likely to continue in the medium term."
Kool Keith
13 Jul 2015
Re: experts Good post, I agree with the point on people betting with their heart on the Murray match and then again on the final with Federer. Minimum wage is a whole other subject (whats the average age of a Ladbroke employee?). The shop managers that are currently on wages of around £9 an hr (guessing) will be wanting £12+ an hour. Zero Hour contracts will be pushed onto staff even more so.I don't think this will affect Ladbrokes to much, but will make them re-evaluate their HR like ALL other businesses. Personally I think this policy was/is a badly judge one but what do I know.
pitass
13 Jul 2015
experts Everyone seems to be an expert on these boards. At the end of the day the purchase of shares is a considered risk by any investor. Rather than try and interpret the clever and ambiguous words of company statements isn't it better to take the view,that Human nature is a constant and gambling is a human trait,therefore there will always be a market,and always be those who bet with their heart (I wonder how much the Murray loss was worth) and as in every race more losers than winners. So where else could you find an industry with a market that will never go out of fashion, and always generate large amounts of cash. That is why I believe that this stock is ideal for an isa as the divi is good and when there is a good run of results which will follow the recent bad run as sure as night follows day then there is a capital gain tax free. So I believe that this stock is made for an isaThe reason I say weak buy,is that I cannot see how this industry can pass on the cost of the minimum wage bill,as can other industies
Punilux
07 Jul 2015
Re: Exane BNP Paribas What incredible research! No doubt it is just a taster to get people roped into their premium service. Who could say "no" to an organisation which promises the answers to:"What do bears do in the wood?""Is the Pope religious?""How many competent people will want to join Ladbrokes because they see it as a safe career choice?"
nk1999
04 Jul 2015
Exane BNP Paribas From ADVFN:"Exane BNP Paribas reiterated its 'outperform' rating on gambling house Ladbrokes and lifted its target 8% from 125p to 135p off its recent strategy update.The rating is conservative and is broadly in line with the current market price, Exane said in a note to clients.Analyst Roberta Ciaccia said while no figures were given at the company's recent update, it was clear management wants to make the retail estate more competitive."
Punilux
29 Jun 2015
Re: Merger months in the making This is getting a bit fishy.What exactly would investors have been told tomorrow if the Racing Post hadn't broken the story of merger talks which had apparently been going on for many months? Remember that the announcement due tomorrow had been brought forward from September because of yet more abysmal results...which were also being used as a bargaining chip during secret talks.
Punilux
24 Jun 2015
Re: Ireland Does this include all the outstanding leases relating to zombie shops?
fabrav
24 Jun 2015
Ireland Boyles believed to be considering a €25m bid for the Irish wing
Punilux
24 Jun 2015
Re: Merger months in the making So this was yet another Richard Glynn idea. What possibly could go wrong? Just when I thought that Ladbrokes might be entering calmer waters everyone finds out why it was so important to artificially inflate the share price by paying a dividend that was higher than earnings.
gamesinvestor
24 Jun 2015
Merger months in the making [link]
Punilux
23 Jun 2015
Re: Good move The Guardian are claiming that Andy Hornby could become the new CEO. At least he has a record of driving famous High Street names off a cliff.
