UK Stocks and Share tips
of the Tips: Share Recommendations 29/12/2006
property search site has reported first-half revenues of
£15m – double the same period last year. Similar
results are expected for the full year. Rightmove are benefiting
from the growing market penetration of home broadband alongside
the growing demand for online property searching.
their shares are currently trading at 22 times forecast
2007 earnings, this reduces to 16 times forecast 2008 earnings
and is a justified premium.
says The Telegraph.
gambling operator Playtech already runs the online poker
operations of Paddy Power, Victor Chandler, Bet Fred and
Bet365, giving them a firm foothold in the European market
and avoiding any significant exposure to the troubled US
online poker market.
are now concentrating on the Asian market, and have partnered
with Sino Strategic International (SSI), an Australian investment
group to launch an online poker venture in China.
Chinese have a reputation as keen gamblers, and this pilot
will make Playtech's software available in 600 outlets across
Shanghai, allowing punters to play Texas Hold'em poker online.
are hoping that success for this scheme will open the door
to online betting on traditional Chinese games, which is
not currently available, and further expansion into other
regions of China.
at 14 times their 2007 forecast earnings, Playtech look
says The Times.
appear to be caught between the proverbial rock and a hard
place. The combined attack of discounted volume sales by
supermarkets and the convenience and choice of online CD
and DVD retailers is taking its toll on the high street
hard to see any potential for growth and the promised 5.2%
dividend does not look entirely secure.
says The Times.