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bwin.party Digital Entertainment plc (BPTY)
What's in store today...
By Jessica Furseth | Fri, 30th August 2013 - 00:00
Online gambling company bwin.party Digital Entertainment (BPTY) reports half-year results on Friday.
Analysts' expectations: The numbers should yield few surprises, says Panmure Gordon analyst Karl Burns, who is more interested in commentary around the launch of the company's new poker and casino software.
"We forecast a 20% decline in first-half revenues to €329 million (£281 million), EBITDA of €60.9 million, with a flat interim dividend of 2.2 cents," comments Burns, reiterating his 'buy' recommendation and 202p target price.
Valuation: The company trades on a 2014 price/earnings ratio of between 10 and 11 times on Panmure Gordon estimates.
Friday sees the release of August's GfK consumer confidence figures.
In July, the number reached -16, the highest since April 2010, as all but one of the measures that make up the index rose strongly. "The positive data has continued into August and hence we expect to see confidence at least hold its ground and even possibly climb a notch further," says Investec analyst Victoria Clarke, forecasting it to come in at -15.
Friday 30 August
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