Edison Investment Research - GVC Holdings (GVC) Update: World Cup special

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Edison Investment Research

Update: World Cup special

GVC has consistently exceeded expectations since its acquisition of Sportingbet 18 months ago, initially with the speed of the turnaround and now with an excellent set of interims, special dividend and strong Q3 trading update. We have increased our 2014e normalised PBT by â‚¬1.5m to â‚¬44.5m. Despite a strong share price performance, the rating remains well below the peer group and the 2014e yield of 8.7% is a key attraction.

23/09/2014 5 EN

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GVC Holdings

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Isle of Man

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: World Cup special

GVC Holdings - Leaping into FTSE 100

Update: Q216 trading update â€“ firmly on track

Update: A strong start

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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