Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

7,520.00p
   
  • Change Today:
      50.00p
  • 52 Week High: 8,164.00
  • 52 Week Low: 5,525.00
  • Currency: UK Pounds
  • Shares Issued: 78.22m
  • Volume: 748,012
  • Market Cap: £5,882m
  • RiskGrade: 151
  • Beta: 0.10

Paddy Power buys 51% of Georgia's Adjarabet for £101m

By Frank Prenesti

Date: Friday 01 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Paddy Power Betfair said it had bought an initial 51% controlling stake in Georgian betting outfit Adjarabet for £101m, adding that it expected to snap up the rest of the company within three years.
Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia including casino, sports, poker and peer-to-peer games. It has an estimated 40% share of total online revenues.

Paddy Power said a mechanism of call and put options had been agreed for , the remaining 49% after three years at a valuation equivalent to seven times 2021 earnings before interest, tax, depreciation and amortisation.

"This acquisition provides the group with exposure to two attractive, fast-growing, regulated markets," Paddy Power said in a statement.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLTR Market Data

Currency UK Pounds
Share Price 7,520.00p
Change Today 50.00p
% Change 0.67 %
52 Week High 8,164.00
52 Week Low 5,525.00
Volume 748,012
Shares Issued 78.22m
Market Cap £5,882m
Beta 0.10
RiskGrade 151

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Income Not Available
Growth
70.78% above the market average70.78% above the market average70.78% above the market average70.78% above the market average70.78% above the market average
61.64% above the sector average61.64% above the sector average61.64% above the sector average61.64% above the sector average61.64% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 8
Sell 0
Strong Sell 1
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLTR Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 09-Oct-19 21-May-19
Amount 67.00p 133.00p

Trades for 18-Oct-2019

Time Volume / Share Price
17:12 1,000 @ 7,499.37p
16:38 25 @ 7,520.00p
16:37 35,680 @ 7,504.82p
16:35 122,667 @ 7,520.00p
16:29 104 @ 7,502.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

Top of Page