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Prices & Quotes - UK Markets - Flutter Entertainment (CDI) (FLTR)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 13,900.00p
Change Today:
115.00p
Market Cap:
24,368m
Sector:
Travel & Leisure

Sunday share tips: Foresight Group, Flutter Entertainment

By Alexander Bueso

Date: Sunday 25 Apr 2021

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column called readers' attention to shares of Foresight Group, pointing out the company's long-track record in the renewable energy space, solid management and hence its long-term potential.
Founded in 1984, the company was aptly named by its founders, one of whom began the annual Earth Day summits in 1970 which brought together 1.0bn people at its last edition.

The group has been investing in renewable energies for nearly 15 years and now operates 33 funds, including Foresight Solar and Foresight Global Real Infrastructure.

Together, the funds own 300 projects providing renewable energy to almost 2.0m households.

A number of its funds also act as business angels, providing funds and advice to help small, often family-owned, businesses to grow.

Foresight's approach has momentum on its side, with its assets under management shooting higher by 60% over the year to 31 March to reach 7.2bn.

Havng floated on the stock exchange in February, the firm is expected to become a decent dividend payer, with a payout of 1.0p expected for the year just ended, rising to 10.0p for the year to March 2022 and 16.0p in 2023.

"Having built Foresight into a successful private business, [Bernard Faiman] is determined to do even better in the public arena.

"The signs are encouraging. Green energy is all the rage among big institutional investors so demand for Foresight funds should be strong. And the group's support for small businesses has widespread appeal as well. At 4.25, the shares are an attractive long-term buy."



The Sunday Times's Sabah Meddings recommended readers 'buy' shares of Flutter Entertainment, arguing that the firm was in a "good position" to profit from the liberalisation and expected growth in American sports-betting, notwithstanding its ongoing dispute with Fox.

Flutter owns 37.2% of the FanDuel brand in the US, as well as of Paddy Power and Betfair.

It is already the market leader in the US, sporting a 40% share and $1.1bn in gross gambling revenues.

What's more, its chief, Peter Jackson, believes the market will be worth more than $20bn by 2025.

Nevertheless, under the terms of Flutter's merger with the Stars Group in 2020, Fox, which was Stars' media partner, has an option to purchase an 18.6% stake in FanDuel.

But Flutter and Fox are in a tussle over whether that option must be exercised at its "fair value" or market price or at the same price as Flutter did.

According to analysts at Redburn, the difference between paying at either of those two prices is about 1.0bn.

FanDuel is hoping that the dispute does not derail its plans to float in the US, but even if it doesn't, some analysts believe it could hurt the valuation a bit.

Meddings also pointed out that if one applies the same valuation multiple to FanDuel as for US rival DraftKings, which recently floated and saw its stock triple in value, then Flutter shares could be worth as much as $25bn despite being on a forward price-to-earnings multiple of 44.2, a 40% premium to UK peer Entain.

"Despite its American dispute, Flutter is in a good position to win. Buy."





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FLTR Market Data

Currency UK Pounds
Price 13,900.00p
Change Today 115.00p
52 Week High 16,915.00p
52 Week Low 10,515.00p
Volume 125,397
Shares Issued 175.31m
Market Cap 24,368m

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Operating Margin
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What The Brokers Say

Strong Buy 8
Buy 1
Neutral 5
Sell 2
Strong Sell 1
Total 17
buy
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 11-Jun-2021

Time Volume / Share Price
16:37 1,155 @ 13,916.73p
16:35 5,000 @ 13,900.00p
16:35 44,397 @ 13,900.00p
16:29 40 @ 13,900.00p
16:29 1 @ 13,900.00p

FLTR Key Personnel

Chair Gary McGann
CEO Peter Jackson
CFO Jonathan Hill