Ladbrokes Coral Share News (LCL)

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HSBC downgrades bookmakers as 'series of risks' looms

Wed, 15th Feb 2017 08:16

(ShareCast News) - HSBC downgraded shares in William Hill, Ladbrokes Coral and Paddy Power Betfair as they face a consumer spending slowdown and a series of other risks in the coming months.Hills and Laddies were moved to 'reduce' ratings from their previous 'hold' and PPB to 'hold' from 'buy'.As well as the well-established threats around fixed odds betting terminals, HSBC said investors should also consider the possibility of a consumer slowdown among other risks, such as intense competition online, tightening regulation and higher levies/taxes - not all of these risks will necessarily materialise but "the balance is negative"."A consumer downturn isn't certain, but we analyse the bear case given the risks and conclude that, while the online market could remain flat, retail revenues could decline by circa 10% and operators could face EBITDA downgrades of circa 20-30%."While the bookmakers have some capacity for cost mitigation, it will be difficult if this comes on top of tighter machine regulations and other regulatory change.With some but not all of these risks already being priced into the shares, Hill's target price was cut to 265p from 274p, LCL to 126p from 145p and PPB to 8,700p from 8,900p.With the government's FOBT investigation due to conclude in before June, any cut to maximum stakes, as seems likely after it was suggested by the parliamentary committee investigating the industry, this would lead to cuts to the company's forecast.HSBC analysts estimated that share prices are building in a cut to a maximum limit of £10-£20 from the current £50 "soft" threshold, "but it's the risks beyond this that might not be priced in".

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8 Mar 2018 11:04

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6 Mar 2018 06:59

Moody's Gives GVC Ba2 Rating With Stable Outlook Amid Ladbrokes Merger

LONDON (Alliance News) - Moody's Investors Service on Tuesday assigned gaming operator GVC Holdings PLC a Ba2 corporate family rating, along with its senior secured with a

5 Mar 2018 12:10

Ex-divs to take 8.3 points off FTSE 100 on March 8

LONDON, March 5 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. to at

15 Feb 2017 08:46

London open: Stocks edge higher ahead of employment data

(ShareCast News) - London stocks edged higher in early trade, taking their cue from a positive session in the US, where equities were boosted by unexpectedly hawkish comments from Federal Reserve chair Janet Yellen, as investors eyed some key figures on unemployment and wages. At 0825 GMT, the FTSE

24 Jan 2017 16:16

Tuesday broker round-up

(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46

24 Jan 2017 10:11

Ladbrokes Coral Adds WH Smith Non-Executive Durbin In Same Role

24 Jan 2017 09:55

UBS downgrades William Hill, prefers Ladbrokes Coral

(ShareCast News) - UBS downgraded William Hill to 'sell' from 'neutral' and cut the price target to 240p from 295p, saying the market has not priced in the fixed odds betting terminal risk for the bookmaker. UBS reckons the market is pricing in either no downside risk to Retail earnings before inter

19 Jan 2017 09:35

BROKER RATINGS SUMMARY: UBS And Credit Suisse Differ On Utility Stocks

18 Jan 2017 12:15

LONDON MARKET MIDDAY: Soft Pound Supports FTSE 100 But Pearson Falls

18 Jan 2017 10:29

WINNERS & LOSERS SUMMARY: Profit Warnings Crush Pearson, Premier Foods

18 Jan 2017 08:33

LONDON MARKET OPEN: Pearson, Mitie, Premier Foods Give Profit Warnings

18 Jan 2017 07:41

Ladbrokes Coral remains on target despite tough December

(ShareCast News) - Recently amalgamated betting firm Ladbrokes Coral Group issued a trading statement for the unaudited year to 31 December on Wednesday, with proforma group operating profit for the full year expected to be within the range of £275m-£285m. The FTSE 250 company said that consists of

18 Jan 2017 07:39

TOP NEWS: Ladbrokes Coral Expects Profit In Line On Strong Digital Arm

13 Jan 2017 09:27

Friday broker round-up

(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up

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