Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

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6,510.00p
   
  • Change Today:
    114.00p
  • 52 Week High: 7,290.00
  • 52 Week Low: 5,525.00
  • Currency: UK Pounds
  • Shares Issued: 78.20m
  • Volume: 113,836
  • Market Cap: £5,091m
  • RiskGrade: 177
  • Beta: 0.02

Paddy Power Betfair secures ?250m loan facility

By Abigail Townsend

Date: Monday 13 May 2019

LONDON (ShareCast) - (Sharecast News) - Paddy Power Betfair has agreed an additional £250m loan facility, the bookmaker announced on Monday.


The company said the additional term loan facility, which will run for an initial period of 18 months with an option to extend it by a further 12, provided it with "further strategic financial flexibility".

The latest agreement takes Paddy Power's total available committed bank loan facilities to £700m, as it already has a £450m five-year revolving credit facility in place.

In a statement, Paddy Power confirmed there would be "no material change to the group's effective cost of debt" as a result of this new facility

It continued: "The group's balance sheet remains strong and we continue to target a medium-term leverage range of between 1x and 2x net debt to earnings before interest, tax, depreciation and amortisation."

Earlier this month, Paddy Power said like-for-like first-quarter revenues had risen 17% to £478m, while total revenues in the US jumped 47% to £78m. The FTSE 100 firm was one of the first bookmakers to enter the US market after a federal ban on sports betting was lifted a year ago, and operates under the FanDuel brand. Paddy Power said it was continuing to see "good returns" on its US investment.

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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 6,510.00p
Change Today 114.00p
% Change 1.78 %
52 Week High 7,290.00
52 Week Low 5,525.00
Volume 113,836
Shares Issued 78.20m
Market Cap £5,091m
Beta 0.02
RiskGrade 177

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
85.77% above the market average85.77% above the market average85.77% above the market average85.77% above the market average85.77% above the market average
17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average
Income Not Available
Growth
69.71% above the market average69.71% above the market average69.71% above the market average69.71% above the market average69.71% above the market average
60.53% above the sector average60.53% above the sector average60.53% above the sector average60.53% above the sector average60.53% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 9
Sell 2
Strong Sell 2
Total 17
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 16-Aug-2019

Time Volume / Share Price
16:35 27,261 @ 6,510.00p
16:29 1 @ 6,486.00p
16:29 12 @ 6,480.00p
16:29 65 @ 6,486.00p
16:29 109 @ 6,486.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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