Entain (ENT)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

784.00p
   
  • Change Today:
      0.20p
  • 52 Week High: 1,486.50p
  • 52 Week Low: 734.80p
  • Currency: UK Pounds
  • Shares Issued: 638.96m
  • Volume: 1,101,768
  • Market Cap: £5,009m
  • RiskGrade: 260

Entain hires bankers to prepare for sale of PartyPoker - report

By Michele Maatouk

Date: Tuesday 12 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Ladbrokes owner Entain has reportedly hired bankers to prepare for a sale of PartyPoker as it seeks to fend off activist investors by reinvigorating its core operations.
According to Sky News, Entain is working with advisers from Oakvale Capital on a prospective sale of the online poker business.

Industry sources who have been contacted about the sale told Sky they expected it to fetch around £150m.

Its valuation represents a huge cut on the £5bn that PartyGaming, PartyPoker's then parent, was worth on the day of its London flotation in 2005.

The business, which has seen a mass exodus of customers in recent years, is non-core to Entain's business.

As well as Ladbrokes, Entain owns Coral and a stake in BetMGM, a major US betting player.

At 1325 GMT, the shares were up 4% at 764.20p.

Entain declined to comment on the report.

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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.

 

Entain Market Data

Currency UK Pounds
Share Price 784.00p
Change Today 0.20p
% Change 0.03 %
52 Week High 1,486.50p
52 Week Low 734.80p
Volume 1,101,768
Shares Issued 638.96m
Market Cap £5,009m
RiskGrade 260

Entain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.87% below the market average12.87% below the market average12.87% below the market average12.87% below the market average12.87% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Price Trend
74.34% above the market average74.34% above the market average74.34% above the market average74.34% above the market average74.34% above the market average
64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average
Income
32.83% below the market average32.83% below the market average32.83% below the market average32.83% below the market average32.83% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
76.03% above the market average76.03% above the market average76.03% above the market average76.03% above the market average76.03% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Entain Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 14-Mar-24 17-Aug-23
Paid 26-Apr-24 22-Sep-23
Amount 8.90p 8.90p

Trades for 15-May-2024

Time Volume / Share Price
16:47 9,980 @ 783.24p
16:38 11,822 @ 784.00p
16:35 582,284 @ 784.00p
16:35 751 @ 784.00p
16:35 1,810 @ 784.00p

Entain Key Personnel

CFO Rob Wood

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