Game over for Plarium as Aristocrat cashes out
Aristocrat Leisure (ASX:ALL) has announced the sale of its mobile gaming subsidiary, Plarium Global, to Sweden’s Modern Times Group for up to US$820m.
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Analysis of Aristocrat Leisure, Premier Investments and Newmont Corporation
Fund Manager Chris Pedersen discusses Aristocrat Leisure, Premier Investments and Newmont Corporation.
Read MoreAnalysis of James Hardie Industries, Aristocrat Leisure, GrainCorp and Telstra Group
Fund Manager Chris Pedersen discusses James Hardie Industries, Aristocrat Leisure, GrainCorp and Telstra Group and copper.
Read MoreAristocrat announces higher dividend
Shareholders in gaming machine group Aristocrat Leisure (ASX:ALL) will receive a higher interim dividend of 36 cents per share after the company reported a 9% rise in after-tax earnings to $711 million for the six months ending on March 31.
Read MoreAnalysis of Aristocrat Leisure, Commonwealth Bank of Australia, QBE Insurance
Fund Manager Chris Pedersen discusses Aristocrat Leisure, Commonwealth Bank of Australia and QBE Insurance Group.
Read MoreAristocrat Leisure: 23% dividend increase as net profit soars to $1.2 billion
Aristocrat Leisure (ASX:ALL) reported an impressive 24% surge in net profit to over $1.2 billion in the 12 months ending in September, resulting in a 23% increase in dividends for shareholders.
Read MoreAristocrat Itching to Have a Flutter Online
Four days before its interim result, gaming machine company Aristocrat Leisure has made another attempt to get deeper into the online real money gaming business.
Read MoreAristocrat Earnings Top $1bn for the First Time
Gaming group Aristocrat lifted returns to shareholders in the year to September after reporting a strong rise in revenues which saw net earnings top $1bn for the first time.
Read MoreMajestic Half Year Helps Aristocrat Buck the Trend
Shares in Aristocrat Leisure managed to ride out Thursday’s battering after the gaming company revealed a solid rise in revenues, earnings and dividend for the six months to March.
Read MoreALL – Macquarie rates the stock as Outperform
The broker’s $44 target price attributes $40.50 to the underlying business and $3.50 to M&A upside. Outperform rating retained.
Read MoreALL – Citi rates the stock as Buy
The broker reinitiates with a Buy rating and a target price of $44.00.
Read MoreALL – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $45.00 from $49.00.
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Read MoreBourse Discourse: CTT, ALL
A disappointing sales report on Thursday saw shares in online retailer Cettire fall more than 20%, while poker machine giant Aristocrat suffered a setback to its expansion plans.
Read MoreALL – Credit Suisse rates the stock as Outperform
Outperform rating and $49 target price are retained.
Read MoreRecord Earnings Leave Aristocrat Looking Flush
Shares in poker machine giant Aristocrat Leisure dipped 3.6% yesterday despite the company confirming that underlying net profit jumped more than 80% for the year to September 30.
Read MoreALL – UBS rates the stock as Buy
Buy rating retained. Target is raised to $55.00 from $44.40.
Read MoreALL – Credit Suisse rates the stock as Outperform
The Outperform rating and target price of $5.30 are retained.
Read MoreAristocrat Set to Take Massive UK Gamble
Poker machine and technology group Aristocrat Leisure is asking shareholders for $1.3 billion to help fund a massive $5 billion purchase of UK-listed global gambling software group Playtech.
Read MoreALL – Credit Suisse rates the stock as Outperform
Outperform rating maintained. Target rises to $50.30 from $44.25.
Read MoreMini Jackpot for Aristocrat Leisure
Shares in gaming machine maker Aristocrat Leisure rose slightly yesterday after investors gave their interim result the thumbs up, especially for the return to interim dividends.
Read MoreALL – UBS rates the stock as Buy
Buy rating retained. Target is raised to $42.50 from $35.50.
Read MoreAristocrat Signals Bullish Rebound
Brokers have walked away from Aristocrat’s recent investor briefing incrementally more confident the company will emerge post-covid in a stronger competitive position
Read MoreALL – Credit Suisse rates the stock as Outperform
The company has noted that slot machine industries in Australia and the US have recovered beyond original hopes and turnover through its machines is above pre-pandemic expectations. Credit Suisse retains an Outperform rating. Target is raised to $38.00 from $34.50.
Read MoreOur vacations might not be the only thing ‘staying local’ for a while
Australian investors are known to be very parochial, and have historically reflected this attitude with a home bias – possibly because of the lure of familiarity with companies, franking credits and the currency hedge (most spend in Australian dollars).
Read MoreWord of the Year – 2021?
Dion Hershan, Head of Australian Equities at Yarra Capital Management, looks at the opportunities that are emerging from a bleak 2020.
Read MoreTax Jackpot Skews Aristocrat Leisure Result
Aristocrat Leisure has almost doubled its statutory net profit to $1.4 billion thanks to the recognition of a $1.1 billion deferred tax asset, giving the wrong impression that the poker machine manufacturer’s coffers were overflowing despite the COVID-19 pandemic.
Read MoreALL – Macquarie rates the stock as Outperform
First-half net profit was down -13% to $368m but Macquarie envisages a path for net profit to exceed $1bn in FY22, supported by gains in market share, both in land-based games and digital.
Read MoreOdds Drift On Aristocrat Dividend Amid Uncertain Outlook
The end of its financial year might be September 30 and a long way away, but the chances of Aristocrat Leisure paying a dividend for the final half of the current year is very much up in the air, despite the strong rebound in the share price in the past two months.
Read MoreAristocrat Coping With Casino Closures
While recovery for the land-based business of Aristocrat Leisure is likely to be gradual, brokers assess there is more than enough liquidity in the business.
Read MoreAristocrat Suspends Payout, Stands Down Staff
Poker machine and electronic game maker, Aristocrat Leisure will cut staff numbers and other costs and has suspended its interim dividend to counter the growing negative impact on its finances from the COVID-19 pandemic.
Read MoreALL – UBS rates the stock as Buy
Based on the latest data, the broker estimates Aristocrat Leisure’s social gaming and casino app revenue has grown by 10-15% year to date. Total social gaming revenue is estimated to be up 90% year on year in February and 50% year to date.
Read MoreVirus Turmoil: Oil Search, Flight Centre, Qantas, Kathmandu, REA Group, Ramsay Health, Aristocrat
Yesterday saw a host of downgrades and other poor news from ASX companies of all sizes – all understandable in the current terrible investment climate as the combination of the coronavirus pandemic and the idiotic price war in oil between Russia and Saudi Arabia wreck market confidence and share price.
Read MoreAristocrat Leisure Remains On Winning Streak
Aristocrat Leisure has built a strong track record and brokers found little to dislike about the company’s FY19 results. The focus is now on a promising digital strategy.
Read MoreAristocrat Dividend Jackpots On Currency Tailwinds, Digital Growth
Shares in poker machine maker Aristocrat Leisure surged yesterday (in a very weak market) after confirming another year of strong growth.
Read MoreALL – UBS rates the stock as Buy
Data suggest Aristocrat achieved 23% US ship-share in the Sep Q, up from 20% and in line with UBS forecasts.
Read MoreALL – Credit Suisse rates the stock as Outperform
Confidence in the existing game portfolio and operating momentum supports assumptions for the company’s land-based business, Credit Suisse suggests. The broker values the stock on the assumption the company’s predilection to invest will uphold an expanded market share.
Read MoreALL – Macquarie rates the stock as Outperform
After a review of Aristocrat forecasts, the broker has decided digital, which currently represents some 28% of profit, may have reached an inflection point. Better growth is expected from FY20 and beyond supported by recent Social Casual releases and improvements in Social Casino.
Read MoreALL – Credit Suisse rates the stock as Outperform
Game installation data in NSW have revealed Aristocrat Leisure has suffered a -35-40% decline in volumes and captured 55% ship share, its lowest share since 2015. NSW accounts for about half of Australia’s gaming machine shipments.
Read MoreDNR Capital: Yesterday’s Market Heroes
Jamie Nicol, Portfolio Manager for DNR Capital’s Australian Equities High Conviction Fund and SMA, spoke with Informed Investor about where to find value in equity markets at the moment.
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