Edison Investment Research - Entain PLC (ENT) Success rewarded

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Edison Investment Research

Success rewarded

GVC has announced the sale of its payments business Kalixa for €29m, as expected. In addition, and hard on the heels of the increased special dividend for shareholders (announced 15 December), GVC has reported that directors are to receive cash alternative payments in respect of options that have vested. The combined impact is a small (2%) upgrade to our 2017e normalised EPS. GVC goes into 2017 with very strong positive momentum that is still not reflected its EV/EBITDA of 9.6x.

19/12/2016 3 EN

Underlying

Entain PLC

GVC Holdings is a holding company. Through its subsidiaries, Co. is an online gaming company, provides business to consumer and business to business services to the online gaming and sports betting markets in Europe and Latin America. Co. operates in two segments, Sports and Gaming. Co. offers sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand. Co. also various online poker games, including No Limit Texas Hold'em, Fixed Limit Texas Hold'em, and Pot Limit Texas Hold'em.

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IM00B5VQMV65 London Stock Exchange Isle of Man

Provider

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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Other Reports on these Companies

TheScreener

ENTAIN sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ENTAIN (GB), a company active in the Gambling industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 5, 2022, the closing price was GBp 1,677.50 and its potential was estimated at GBp 1,902.72.

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Success rewarded

ENTAIN sees an upgrade to Slightly Positive due to a better fundamental star rating

Form 8.3 - The Vanguard Group, Inc.: Entain plc

Form 8.3 - The Vanguard Group, Inc.: Entain plc

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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