Analysts said that PartyGaming was trading at around 13 times earnings, a significant discount to rival Sportingbet (SBT.L: Quote, Profile, Research), which trades on a 2006 PE ratio of 19.5, reflecting some of the risks it faces.
[Reuters UK]
Monday, June 27, 2005
PartyGaming surges after biggest float in 5 yrs
Shares in online casino group PartyGaming (PRTY.L: Quote, Profile, Research) surged on Monday after it completed the biggest London flotation in five years, taking its market value to about 5 billion pounds.
Analysts said that PartyGaming was trading at around 13 times earnings, a significant discount to rival Sportingbet (SBT.L: Quote, Profile, Research), which trades on a 2006 PE ratio of 19.5, reflecting some of the risks it faces.
[Reuters UK]
Analysts said that PartyGaming was trading at around 13 times earnings, a significant discount to rival Sportingbet (SBT.L: Quote, Profile, Research), which trades on a 2006 PE ratio of 19.5, reflecting some of the risks it faces.
[Reuters UK]
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