BÖRS: AVANZA OCH KINDRED IN I INDEXET STOXX EUROPE 600 22/3
STOCKHOLM (Nyhetsbyrån Direkt) Aktierna i Avanza och Kindred adderas till indexet Stoxx Europe 600, enligt ett pressmeddelande från indexleverantören Qontigo.
Förändringarna träder i kraft från och med den 22 mars.
Från indexet försvinner samtidigt Axfood och Saab.
Niin maha täynnä viime viikon omien osakkeiden ostosta. Tällä viikolla yhtiö saa varmaan hankittua halvemmalla keskihinnalla osakkeita kuin viime viikolla.
STOCKHOLM (Nyhetsbyrån Direkt) Erik Penser Bank raises what the bank calls the justified value of the share in the betting company Kindred to SEK 200, up from the previous SEK 140.
It appears from an analysis released on Tuesday.
The bank believes that the company may surprise positively in connection with the report for the first quarter. In addition, Erik Penser believes that the company’s potential in the US is not reflected in the current price level.
The share is traded around SEK 145 on Tuesday.
Aloitusviestiä en enää päässyt muokkaamaan(joku aikaraja tjs?) mutta laitan nyt tähän vielä viimeisimmät:
Uusimmat targetit :
Pareto 209sek(171)
Kelper Cheuvreux 145sek(120)
ABG 205sek(150)
Nordea 170sek(140)
SEB 175sek(150)
DNB 170(105)
Erik Penser Bank 200(140)
Koko igaming -sektori odottanee lähipäivinä/viikkoina vastauksia new yorkin tilanteeseen. Jatketaan jännän äärellä.
Q1 raportti tulee 28.04.2021
Eilen olikin kovaa alamäkeä Evolla, Kambilla, Kindredillä jne. Evo ja Kindred liian isoja jotta välittäjätilasto näkyisi, mutta Kambissa ainakin MSE, BofA ja Credit Suisse olleet kovasti myyntilaidalla niin eilen kuin tänään (pl. BofA). Voisi liittyä Archegos margin calliin ja siitä lähteneisiin laineisiin
SEB INCREASES THE GUIDANCE COURSE TO SEK 175 (150)
STOCKHOLM (Direct) SEB Equities raises the target price for Kindred to SEK 175 from SEK 150. The buy recommendation is repeated.
e:
We are more optimistic about the profit prospects of listed gaming companies in general and especially for companies exposed to the expected growing market in the USA.
We increase the profit forecasts by 11-12 percent in Kindred. Our forecast is that growth in the first quarter was high. In the first 38 days of this year, revenues increased by 41 percent and we expect growth of 39 percent in the first quarter.
The profit forecast for 2021 is positively affected by the fact that we postpone the time until 2022 when the Dutch operations are expected to be conducted with a license.
The company has operations in 3 states in the US and expects it to be 5-6 by the end of the year. On Tuesday, the state of New York announced that it will legalize sports betting online. This will be done via licenses and includes a tax rate with an uncertainty about the level. This provides support for the continued opening of games in more states. Compared to international competitors exposed to online gaming in the US, the valuation is more conservative in Kindred, which is ranked Buy.
KINDRED
Pareto Securities raises the target price for Kindred to SEK 209 (171), repeats purchases.
"For Kindred, Pareto, which has the company as a sector favorite, reckons that the strong development from the fourth quarter has continued into the first of the year with high activity in both casino and sports betting.
We continue to believe that the consensus is too low on both revenues and EBITDA for 2021-2023 and expect positive revisions in the near future," writes Pareto."
e: päivitetty lista:
Uusimmat targetit :
Pareto 209sek(171)
Kelper Cheuvreux 145sek(120)
ABG 205sek(150)
Nordea 170sek(140)
SEB 175sek(150)
DNB 170(105)
Erik Penser Bank 200(140)
Unibet Interactive, Kindred Group’s US arm, is awarded a direct market access mobile sports betting permit in Virginia. After successful launches in New Jersey, Pennsylvania, Indiana and with signed agreements for an additional eight states, Virginia will be a key state in Unibet´s East Coast expansion. Virginia is one of the largest states in the US market and mobile sport betting is expected to reach over $370m in annual revenues at maturity.
KINDRED: CARNEGIE INCREASES THE GUIDE COURSE TO SEK 180 (145)
STOCKHOLM (Direct) Carnegie raises the target price for Kindred to SEK 180 from SEK 145. The buy recommendation is repeated.
Estimate and multiple expansion potential – Buy! We leave our revenue estimates unchanged for 2021-2023. However, we lift our EBITDA expectations, mainly due to lower marketing spend for 2021 onwards. We continue to argue that consensus is still too low on both revenue and EBITDA estimates for 2021-2023 and we expect positive estimate revisions in the near term. On top of that we see room for a multiple expansion, where Kindred currently trades at a 40% discount to international peers on 2021E EV/EBIT.
Momentum expected to have continued into Q12021 We expect Kindred to deliver stronger figures than its competitor Entain for the first quarter. (Entain 33% y/y growth)
Positive EBITDA revisions – Buy! As explained above, we leave our 2021 revenue estimate unchanged, but lower our cost base expectations going forward mainly due to lower marketing spend than previously expected. In total, we raise our EBITDA expectations by 2-6% for 2021-2023.
In February, Kindred Group started to communicate about its “Journey towards zero” by announcing the share of revenue derived from harmful gambling. The Group has set an ambition to reach zero per cent of revenue from harmful gambling by the end of 2023 and report this on a quarterly basis.
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