Arts Publications
Topic: RSS FeedLR index leisure stockwatch April 2008
Leisure Report, May, 2008
Finally, some positive swing across the listed leisure sector, as the markets seem to have, at least for now, finished down-rating. According to some commentators, the worst of the downswing is over, and certainly the Bank of England's decision to step in with its offer of a 'Special Liquidity Scheme' has cheered the market somewhat.
Fitch Ratings said that, while the Bank of England's Special Liquidity Scheme is "far from a taxpayer 'bail-out' of banks", it expects the scheme to result in a sharp increase in the UK residential mortgage-backed security (RMBS) and covered bond issuance in the next six months. The ratings agency noted there is "significant protection for the Bank of England built into the scheme and only the highest-rated securities are eligible for swapping. The terms of the liquidity scheme stipulate the bonds must not only be rated 'AAA' at the outset but that if they lose their 'AAA' rating the bank must replace them with other appropriately rated bonds, Fitch said.
Losses can only occur to the Bank of England, and therefore the taxpayer, if the bank becomes insolvent and is unable to replace collateral following a downgrade and if the significant protection, mark-to-market discount and generous haircuts prove insufficient to absorb losses on the securities.
Of course, there is no such fallback available to the leisure sector, although there are a number of firms which would be delighted to have their balance sheets propped up by taxpayer funds.
A shot in the arm was provided by some bullish research notes, pointing out the inherent value of the gaming sector, where the recent declines in share prices have provided an opportunity for directors to back their own firms, and a number of share buyback programmes to be mooted.
While both online and traditional gaming groups have started to claw back some of their market value, there has been less activity in the F&B sector, which is likely to come under more pressure as the cost of ingredients rises.
One casualty to report this month is Neville Porter, the bookmaker, which has been struggling financially for several months, and in April saw its shares suspended "pending clarification of its financial status".
Leisure Report LR Index leisure stockwatch April 2008
Share
Company Share price last month % up on month
888 Holdings PLC 152.75p 147.25p 3.74%
32Red PLC 28.50p 30.00p -5.00%
ADDLeisure 3.00p 3.06p -1.96%
Alphameric 17.00p 21.25p -20.00%
Asian Logic 86.00p 84.50p 1.78%
Arena Leisure 45.00p 43.75p 2.9%
Betex Group 32.05p 32.05p 0.00%
BetInternet 3.87p 3.87p 0.0%
Cineworld 136.00p 130.00p 4.6%
Coffee Republic 2.43p 2.00p 21.5%
Deep-Sea Leisure 61.00p 70.00p -12.9%
Fun Technologies 163.00p 163.00p 0.0%
Gaming Corporation 3.60p 3.70p -2.7%
(Media Corp)
Gaming VC Holdings 171.50p 171.50p 0.0%
GamingKing 0.75p 0.45p 66.7%
Georgica 43.25p 39.00p 10.9%
Goals Soccer 300.00p 300.00p 0.0%
Centres
IG Group 356.25p 337.50p 5.6%
Inspired Gaming 115.75p 131.50p -12.0%
Interactive Gaming 1.00p 1.00p 0.0%
JJB Sports 116.25p 115.00P 0.9%
Ladbrokes PLC 331.75p 300.50p 10.4%
Leisure & Gaming 7.68p 9.25p -17.0%
Luminar 299.50p 304.00p -1.5%
MAMA Group 5.25p 5.28p -0.6%
NETeller 58.00p 55.25p 5.0%
Neville Porter 0.10p 0.20p -50.0%
(suspended)
PartyGaming 24.50p 20.50p 19.5%
Playtech 431.00p 433.50p -0.6%
Playgolf 3.00p 5.00p -40.0%
Powerleague Group 63.75p 75.68p -15.8%
Probability 64.00p 64.00p 0.00%
Prezzo 42.10p 42.10p 0.0%
Rank 94.50p 87.00p 8.6%
Soccercity 0.00P 0.00p 0.0%
Sportech 73.50p 76.25p -3.6%
Sportingbet 42.25p 38.75p 9.0%
The Restaurant Group 152.50p 152.50p 0.0%
The Weather Lottery 0.70p 0.70p 0.0%
Top Ten Holdings 9.55p 16.00p -40.3%
Turftrax 16.00p 17.00p -5.9%
Ubet2win 0.05p 0.05p 0.0%
365 Media Group 67.47p 67.47p 0.0%
(formally Ukbetting)
Whitbread 1147.00p 11 92.00p -3.8%
William Hill 397.00p 365.25p 8.7%
Average 132.57p 132.27p -1.4%
Market cap
(m [pounds
Company sterling]) Year high Year low % off high
888 Holdings PLC 519.68 169.00p 102.75p 9.62%
32Red PLC 7.49 46.00p 28.00p 38.04%
ADDLeisure 6.45 8.25p 1.20p 63.64%
Alphameric 38.32 69.00p 6.75p 75.36%
Asian Logic 94.84 114.00p 70.50p 24.56%
Arena Leisure 163.89 74.00p 41.25p 39%
Betex Group 43.53 45.00p 29.75p 28.78%
BetInternet 8.00 9.00p 3.63p 57%
Cineworld 192.70 227.25p 93.00p 40%
Coffee Republic 15.21 4.05p 1.80p 40%
Deep-Sea Leisure 11.71 70.00p 42.00p 13%
Fun Technologies 100.69 175.00p 79.88p 12.00%
Gaming Corporation 11.78 6.50p 2.75p 44.62%
(Media Corp)
Gaming VC Holdings 53.40 183.00p 80.00p 6.28%
GamingKing 2.18 1.29p 0.45p 42%
Georgica 42.14 126.00p 28.00p 66%
Goals Soccer 125.65 444.00p 279.00p 32%
Centres
IG Group 1117.00 436.50p 290.00p 18%
Inspired Gaming 84.32 378.75p 115.75p 69%
Interactive Gaming 959.31 5.70p 1.00p 82%
JJB Sports 277.71 297.00p 90.25p 61%
Ladbrokes PLC 1990.00 451.00p 253.25p 26%
Leisure & Gaming 6.52 13.50p 6.00p 43%
Luminar 182.54 844.00p 263.00p 65%
MAMA Group 36.13 7.44p 3.25p 29%
NETeller 75.85 180.00p 50.00p 68%
Neville Porter 0.76 3.68p 0.50p 97%
(suspended)
PartyGaming 981.29 34.75p 17.50p 29%
Playtech 935.45 448.00p 302.00p 4%
Playgolf 2.34 10.00p 3.00p 70%
Powerleague Group 52.14 117.00p 62.00p 46%
Probability 15.08 73.00p 35.00p 12%
Prezzo 106.63 93.75p 37.50p 55%
Rank 369.05 214.00p 77.00p 56%
Soccercity 0.08 0.76p 0.06p 100%
Sportech 73.98 102.00p 9.75p 28%
Sportingbet 196.36 60.50p 35.25p 30%
The Restaurant Group 310.67 379.75p 97.50p 60%
The Weather Lottery 0.40 3.25p 0.40p 78%
Top Ten Holdings 2.44 76.40p 7.00p 88%
Turftrax 7.53 45.00p 17.00p 64%
Ubet2win 0.09 1.74p 0.05p 97%
365 Media Group 99.89 68.00p 53.25p 1%
(formally Ukbetting)
Whitbread 2020.00 1791.00p 1038.00p 36%
William Hill 1380.00 676.00p 334.75p 41%
Average 326.19 220.10p 104.89p 54%
Most Recent Arts Articles
- Slumdog comprador: coming to terms with the Slumdog phenomenon
- Still mining his Winnipeg: an interview with Guy Maddin
- It doesn't seem 'Canadian': quality television' and Canadian-American co-productions
- Second city or second country? The question of Canadian identity in SCTV'S transcultural text
- Hop on pop: jiangshi films in a transnational context
Most Recent Arts Publications
Most Popular Arts Articles
- What makes a successful business person? Business people who are tops in their field have a lot in common, and art professionals can learn a lot from their successes and strategies
- Text and countertext in Rosario Ferre's "Sleeping Beauty."
- The Arnolfini double portrait: a simple solution
- Toni Cade Bambara's use of African American Vernacular English in "The Lesson"
- Emily Watson - IVTR
Most Popular Arts Publications
Content provided in partnership with
Presented by American Express