Analysts Divided On bwin.party Performance
Daniel Stewart & Co. Lowers Poker Forecast At PartyPoker By 21 Percent
Analysts Daniel Stewart & Co has revised down its forecast for bwin.party poker revenue for full year 2012 by 21 percent. The move comes in the wake of an analysts call with the company after it published lower poker revenues in its interim report yesterday.
The company said, “The most significant changes are a decrease to our forecasts for Poker by 21% to €188m for FY12 and by 27% to €192m for FY13 a reflection of the difficult trading conditions in Poker across the industry where ring-fenced markets are reducing liquidity pools.”
However the company also stated it retained its 8.5x EBITDA multiple for its target price which drops slightly to 173p from 177p.
The share price at the time of writing was up 2.4 percent to £1.24.
Elsewhere a number of analysts have made known their target price for bwin.party recently with the only constant being the divergence of opinion.
Numis’ target price remains unchanged after today’s analyst call at 300p as does Panmure Gordon (target price 165p) and Investec (105p).
Deutsche Bank had a pre-analysts call target price of 195p and Morgan Stanley 210p.
|1||Jon Turner Wins CPPT Venetian Main Event|
|2||Damon Says 'Rounders 2' Would Be About I-Poker|
|3||Poker Strategy: Beware Of Unforced Bets|
|4||Jon Little: Top Poker Pro Becomes Top Instructor|
|5||POY: WSOP Main Event Champ To Earn 3,300 Points|
|6||Trump Running Mate Has Anti-Online Poker History|
|7||Poker Strategy: Maximizing River Value in Position|
|8||Maryland Live! Sues MGM Over High Roller List|
|9||Michigan Men Get Prison For Poker Home Game Robbery|
|10||Wynn Boston Harbor Finally Gets Green Light|
|1||Poker Pro Folds Quads To All-In Bet In Main Event|
|2||Final Nine Set For 2016 WSOP Main Event|
|3||Fedor Holz Wins 2016 WSOP $111,111 High Roller|
|4||Man Runs Up $10K Into One Drop Buy-In Playing BJ|
|5||Phil Ivey Enters First And Only WSOP Event In 2016|
|6||Raymer Not Impressed By Being Last Former Champ Left|
|7||Mercier Proposes To Girlfriend At Final Table|
|8||Man Pays $10K To Enter Ladies Event At 2016 WSOP|
|9||2016 WSOP Main Event: 80 Players Remain After Day 5|
|10||Money Bubble Bursts In 2016 WSOP Main Event|