Gamesys Group (GYS)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,845.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 2,005.00
  • 52 Week Low: 1,040.00
  • Currency: UK Pounds
  • Shares Issued: 109.73m
  • Volume: 855,419
  • Market Cap: £2,024.52m
  • RiskGrade: 149

Canaccord Genuity lowers Gamesys to 'hold'

By Iain Gilbert

Date: Wednesday 14 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity lowered their rating on Gamesys from 'buy' to 'hold' on Wednesday following the formal announcement of its proposed combination with Bally's.
Canaccord pointed out that Gamesys and Bally's formally announced proposed combination, following an initial announcement on 24 March, would combine Bally's land-based casino and developing online operations in "the fast-growing US market" with Gamesys' global online gaming offering and proprietary technology platform. T

The Canadian bank highlighted that the combination would be implemented by way of a court-sanctioned scheme of arrangement and while it awaits the outcome of the court meeting, it had chosen to lower its recommendation but increase its target price to 1878.0p from 1700.0p, in line with the 1850.0p offer price and the firm's proposed final dividend of 28.0p for 2020.

"This represents a multiple of 10x our FY21 EBITDA forecast. Despite the offer being recommended by the Gamesys Board, the shares are currently trading at 1910.0p with the market perhaps hoping for a rival or improved offer," said Canaccord.

The analysts also stated that alongside the offer announcement, Gamesys had announced that first-quarter trading had remained "strong", with revenue growth of 27%, as trends seen across international markets were broadly consistent with those seen in the final quarter of 2020, with particularly strong growth seen in its core markets of the UK and Asia.

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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.

 

Gamesys Group Market Data

Currency UK Pounds
Share Price 1,845.00p
Change Today -2.00p
% Change -0.11 %
52 Week High 2,005.00
52 Week Low 1,040.00
Volume 855,419
Shares Issued 109.73m
Market Cap £2,024.52m
RiskGrade 149

Gamesys Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.68% below the market average9.68% below the market average9.68% below the market average9.68% below the market average9.68% below the market average
84.38% above the sector average84.38% above the sector average84.38% above the sector average84.38% above the sector average84.38% above the sector average
Price Trend
75.91% above the market average75.91% above the market average75.91% above the market average75.91% above the market average75.91% above the market average
80.56% above the sector average80.56% above the sector average80.56% above the sector average80.56% above the sector average80.56% above the sector average
Income
14.81% below the market average14.81% below the market average14.81% below the market average14.81% below the market average14.81% below the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Growth
99.09% above the market average99.09% above the market average99.09% above the market average99.09% above the market average99.09% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

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

Gamesys Group Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Sep-21 13-May-21
Paid 15-Oct-21 16-Jun-21
Amount 15.00p 28.00p

Trades for 21-Sep-2021

Time Volume / Share Price
16:39 320,000 @ 1,846.00p
16:35 32,201 @ 1,845.00p
16:29 13 @ 1,846.00p
16:29 180 @ 1,846.00p
16:29 171 @ 1,846.00p

Gamesys Group Key Personnel

CFO Keith Laslop

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