Paddy Power Board http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.10510643 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10510643&action=detail Mon, 01 Apr 2013 12:31:00 GMT numberbiter tag:iii.co.uk,2003:tst.10509223
Does anybody still hold Betex shares? Primarily a gaming company now delisted from AIM and hence with no forum here. I am trying to rekindle a discussion as large salaries still being paid and no updates on website beyond the end of your accounts and details of an annual AGM held within a room that fits15 people max. They're apparently a "going concern" but little information is forthcoming.

Do mention to your fellow investors and please only get in touch via freespirit185 at gmail.com if you still hold shares.

Thanks and once again apologies for interruption. By W8ANDC ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10509223&action=detail Sat, 30 Mar 2013 10:46:00 GMT W8ANDC tag:iii.co.uk,2003:tst.10504243 By numberbiter ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10504243&action=detail Wed, 27 Mar 2013 16:11:00 GMT numberbiter tag:iii.co.uk,2003:tst.10484257 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10484257&action=detail Tue, 19 Mar 2013 18:38:00 GMT numberbiter tag:iii.co.uk,2003:tst.10444283 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10444283&action=detail Sun, 03 Mar 2013 22:31:00 GMT numberbiter tag:iii.co.uk,2003:tst.10399302 2013 – The Great Irish Share Valuation Project (Part IV)

Including:

Company: Paddy Power

Prior Post: Here

Ticker: PWL:ID

Price: EUR 62.50

Paddy Power continues to suffer an embarrassment of riches, while value investors continue to just suffer embarrassment…. The company’s failed to remotely qualify as a value stock for years now, but has been perfectly content to rub our noses in it with superlative operating & share price performance. Ouch! My summation last year continues to ring true – Paddy Power is definitely the Ryanair of the gambling world! OK, let me struggle again to adequately value it…

Unfortunately, I may prove to be just as wide of the mark again. Last year, I tagged it as being slightly over-valued – in response, it’s bloody well rallied over 40%! Revenue & profit growth continues to run well in excess of 20%, while the balance sheet’s still rock-solid & primed for acquisitions with EUR 186 mio of cash & zero debt. PWL currently trades on a 26.4 P/E. Despite the consistent growth, I’m always conscious how highly-rated shares can get crucified if results fail to deliver – the best I can manage to award is a 20 P/E. Operating free cashflow margins continue to outpace operating profit – at 28.2%, a 3.25 Price/Sales ratio still looks fair, while a substantial positive debt adjustment is clearly appropriate in light of the balance sheet strength & the ringing success to date of their Australian acquisition.

My price target is 25% higher than last year’s – which makes perfect sense – but with PWL’s usual outpacing, it now looks quite over-valued at this point. I may just end up with egg on my face again, but then again…let me remind you, PWL trades on a 26 P/E & a 5.3 P/S right now. Living up to those ratios could prove pretty bloody tough!?

Price Target: EUR 45.70

Upside: (27)%

See the Wexboy blog for links/other stocks!

Cheers,

Wexboy
By Wexboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10399302&action=detail Wed, 13 Feb 2013 04:19:00 GMT Wexboy tag:iii.co.uk,2003:tst.10248825 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10248825&action=detail Sat, 08 Dec 2012 22:36:00 GMT numberbiter tag:iii.co.uk,2003:tst.10194965 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10194965&action=detail Sun, 18 Nov 2012 16:50:00 GMT numberbiter tag:iii.co.uk,2003:tst.10190670 StockMarketWire.com - Paddy Power reports that overall performance for the half year was in line with expectations, with strong growth in net revenue of 23% and continued significant investment.

Activity levels outside of Australia were moderated by a number of factors, including weather related racing cancellations and the Olympics.

However this was offset by favourable sports results which resulted in a gross win percentage above our normal expectations and the equivalent period last year.

In Australia, online turnover was up 24%, with no slow down in growth compared to the first half of 2012, notwithstanding the significant step up in growth achieved in the second half of last year.

Within paddypower.com, sportsbook turnover maintained good momentum, increasing by 28%. While gaming/B2B net revenue growth slowed during August and September, it returned to strong growth in October and grew by 14% in the period overall.

In October, mobile turnover as a percentage of total online sportsbook stakes was 27% in Australia (June: 25%) and 45% in paddypower.com (June: 41%).

The most rapid mobile penetration continues to occur in gaming with mobile gross win in October accounting for 28% of Paddy Power Casino (June: 19%) and 25% of Paddy Power Games (June: 20%).

Despite a competitive high-street environment, UK Retail performed well with like-for-like net revenue up 5%, driven by strong sportsbook growth of 12%, offsetting a decline in machine gaming of 4%. Irish Retail also performed positively with like-for-like stakes up 0.4% and net revenue up 8%.

The Group retains significant financial flexibility with net cash of approximately €169 million at 14 November, excluding customer balances.
By GORILLA_TOES ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=10190670&action=detail Fri, 16 Nov 2012 08:32:00 GMT GORILLA_TOES tag:iii.co.uk,2003:tst.9951259 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=9951259&action=detail Wed, 29 Aug 2012 06:42:00 GMT GORILLA_TOES tag:iii.co.uk,2003:tst.9920810
The same can’t be said of Ladbrokes, which comes a distant third in returns to investors, who have received just 2.9 per cent in 10 years. This may be blamed on its poor digital offering

full article:
http://www.independent.co.uk/money/spend-save/you-can-win-at-the-bookies-8034356.html By GORILLA_TOES ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=9920810&action=detail Thu, 16 Aug 2012 18:48:00 GMT GORILLA_TOES tag:iii.co.uk,2003:tst.9523787 http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=9523787&action=detail Tue, 10 Apr 2012 17:43:00 GMT numberbiter tag:iii.co.uk,2003:tst.9387600 Tuesday March 6,2012
http://bit.ly/AsaWiR By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=9387600&action=detail Tue, 06 Mar 2012 05:26:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9387578 Paddy Power's profits were up 26 per cent in the last year
By PETER RANSCOMBE
Tuesday 6 March 2012 00:00
http://bit.ly/xkXN8x By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=9387578&action=detail Tue, 06 Mar 2012 05:07:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9387164 05 March 2012
http://bit.ly/wsOo9j
RESULTS: Explosive growth in online betting has kept Paddy Power ahead of its bookmaking rivals By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:PAP.L&display=discussion&id=9387164&action=detail Mon, 05 Mar 2012 21:07:00 GMT SpikeyDT