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||DraftKings: Week 4 NFL DFS Picks|
|2||'Teen Wolf' Actor Sues Casino Over Assault|
|3||Poker Strategy: Short Stack Preflop Play|
|4||PokerStars Snags New Jersey I-Gaming License|
|5||Crazy Gambling Stories From September|
|6||‘Coenaldinho7’ Wins 2015 WCOOP Main Event|
|7||Poker Hand of the Week: What's Your Play?|
|8||NJ Lawmaker: PokerStars Licensing 'Long Overdue'|
|9||A Poker Life: Adam Friedman|
|10||CPPT: The Bike Results Events 5-8|
|1||Legendary Gambler Banned From Nevada Casinos|
|2||Italian Poker Pro DQ'd For Chip 'Prank'|
|3||Matt Smith Goes From Poker Pro To DFS Millionaire|
|4||Wynn Takes Hit After $258M Junket Heist|
|5||Man Says Casino Stole His Blackjack Winnings|
|6||Online Poker: Phil Ivey Having $400K Month|
|7||DraftKings: Week 1 NFL DFS Picks|
|8||WSOP Main Event Coverage Begins Tuesday On ESPN2|
|9||Online Poker: Phil Ivey Wins $447,000 In A Week|
|10||DraftKings: Week 4 NFL DFS Picks|