ANALYST VIEWS: IS THIS THE START OF THE BETFAIR TURNAROUND?
IVOR JONES | NUMIS
Current trading, against the World Cup last year, is weak
and we believe that the share will tread water at best following these results and will continue to do so until there is clear delivery on the strategic plans referred to in today’s statement.
NICK BATRAM | PEEL HUNT
Results came in above expectations driven by a better margin. Growth is clearly challenging but the core business is robust and there is plenty of self help
that could drive a re-rating. There is still much to be done but at this level the risk-reward profile is attractive.
SIMON FRENCH | PANMURE
Current trading is, as expected, weak but the group remains on track to meet market expectations. We expect the shares to go better today and reiterate our buy recommendation and £13.52 price target. The dividend of 5.9p is also ahead of consensus expectations