NEW! Investment Companies Centre

PartyGaming (PRTY)

Sector:

Travel & Leisure

Index:

FTSE 250

Market Cap

£525.12m

Change Today

Price Down-2.75p ()

Share Price

129.75p

Friday preview: Bradford & Bingley, Rightmove, Partygaming

Date: Thursday 28 Aug 2008

LONDON (ShareCast) - There were times earlier this year when it looked possible that buy-to-let lender Bradford & Bingley would not be around to announce its interim results this Friday.

With around three-quarters of the shares issued in the recent emergency rights issue still hanging over the market, the results will need to be spectacular to start repairing the company’s share price, which has plunged almost 90% over the last year.

Long suffering shareholders may settle for evidence that bad debts and impairments are not getting out of control.

Given Bradford & Bingley’s dependence on the health of the UK housing market, shareholders may gain further clues as to future trends from the results of property web-site Rightmove, where analysts will be most interested to see how well subscriber numbers are holding up, particularly in view of the imminent launch of subscription-free rival web-site Property Live, which has the backing of the Association of Estate Agents.

Online gaming group Partygaming claimed last month that its revenues had been hit by customers being lured away by the Euro 2008 football tournament. Though the company does offer the opportunity for customers to bet on sporting events, this side of the business is dwarfed by the online poker and casino games.

It will be encouraged, therefore, by rival 888’s sparkling results which showed no indication of the Olympic Games proving a similar distraction.

Partygaming expects full-year results will meet expectations, but legal issues in the US remain a drag on the share price, with a settlement with the US Department of Justice still to be negotiated.

Analysts are looking for half year revenues of around $255m, while EBITDA estimates range from $54m to $56m.


Friday August 29

INTERIMS
AGA Rangemaster, Bloomsbury Publishing, Bradford & Bingley, Brammer, Cadogan Petroleum, Charles Taylor, Chesnara, Dana Petroleum, Davis Service, Derwent London, Development Securities, Gem Diamonds, Hardy Underwriting Bermuda, IFG, Inion, JKX Oil & Gas, Lavendon, Marshalls, New Star Asset Management Group, PartyGaming, Punch Grafix, Puricore, Regus, Restaurant Group, Rightmove, Robert Walters, Salamander Energy, SVG Capital, T Clarke, Talvivaaran Kaivososakeyhtio, Trafficmaster, Unite Group, XCounter AB

INTERIM DIVIDEND PAYMENT DATE
Anglogold Ash, Beazley Group, Chemring Group, Domino's Pizza UK & IRL, Edinburgh UK Tracker, Independent Investment Trust, Invista Real Estate Investment Management Holdings, Phoenix VCT, Reed Elsevier

QUARTERLY PAYMENT DATE
Bankers Investment Trust, Prodesse

EGMS
Amtel, F&C Asset Management

AGMS
Biocare Solutions, BlueCrest AllBlue Fund, Oriel Resources, The Indian Film Company, UBC Media Group, Van Dieman Mines

TRADING ANNOUNCEMENTS
British Polythene

FINAL DIVIDEND PAYMENT DATE
Artemis Alpha, Huveaux, Kewill, Latham (James), MS International, Prologic

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.

 

PartyGaming Market Data

Currency UK Pounds
Share Price 129.75p Price Down
Change Today -2.75p
52 Week High 302.50
52 Week Low 95.00
Volume 428,897
Shares Issued 404.72m
Market Cap £525.12m
Beta 0.88
RiskGrade 443

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
4.01% below the market average4.01% below the market average4.01% below the market average4.01% below the market average4.01% below the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Price Trend
26.83% below the market average26.83% below the market average26.83% below the market average26.83% below the market average26.83% below the market average
32.14% below the sector average32.14% below the sector average32.14% below the sector average32.14% below the sector average32.14% below the sector average
Income Not Available
Growth
87.34% above the market average87.34% above the market average87.34% above the market average87.34% above the market average87.34% above the market average
96.00% above the sector average96.00% above the sector average96.00% above the sector average96.00% above the sector average96.00% above the sector average
Price Chg 6m
31.04% below the market average31.04% below the market average31.04% below the market average31.04% below the market average31.04% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
P/E
32.05% below the market average32.05% below the market average32.05% below the market average32.05% below the market average32.05% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
PEG
73.01% above the market average73.01% above the market average73.01% above the market average73.01% above the market average73.01% above the market average
76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average
Dividend Yield Not Available
EPS Growth
95.11% above the market average95.11% above the market average95.11% above the market average95.11% above the market average95.11% above the market average
96.72% above the sector average96.72% above the sector average96.72% above the sector average96.72% above the sector average96.72% above the sector average
Operating Margin
32.02% below the market average32.02% below the market average32.02% below the market average32.02% below the market average32.02% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PartyGaming Dividends

  Latest Previous
  Final Final
Ex-Div n/a 05-Apr-06
Paid n/a 19-May-06
Amount 0.000¢ 5.25¢

Trades for 01-Dec-2008

Time Volume / Share Price
16:56 32,819 @ 129.97p
16:35 19,076 @ 129.75p
16:29 537 @ 130.25p
16:29 2,700 @ 130.00p
16:29 38 @ 130.00p

PartyGaming Key Personnel

Finance Director Martin Weigold
CEO Jim Ryan's

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