Davy Research



Ryanair replaces easyJet on our Conviction List

We are replacing easyJet with Ryanair in our Conviction List. EasyJet is up over 30% since inclusion, and we believe that earnings momentum in Ryanair is now superior. The Conviction List...

June 20 2018 | Barry Dixon | Sector Report | 6 pages

Updating forecasts for regulatory and tax changes in Australia and UK; US assumed to broadly break-even over next 3 years

We update our forecasts for the regulatory and tax developments announced in the UK and Australia over the last month. Our revised figures reflect the Q1 trading update in early May...

June 8 2018 | David Jennings , Joseph Quinn | Company Report | 13 pages

Two new hotels for Bristol and Birmingham

Dalata has announced the signing of 35-year lease agreements for two new hotels, a Clayton in Bristol and a Maldron in Birmingham. Combined, these hotels will deliver an estimated 580...

May 16 2018 | Joseph Quinn , David Jennings | Company Report | 13 pages

Playtech announces acquisition of Snaitech as it strives for regulatory diversification

This deal, which sees Playtech, a B2B provider of gaming services, acquire Snaitech, an Italian B2C player, reflects Playtech’s desire to increase its exposure to large regulated gaming...

April 12 2018 | David Jennings , Joseph Quinn | Sector Report | 6 pages

An updated look at pro-forma valuation in light of heightened FOBT risk

Press speculation last weekend that the UK government is inclined to introduce a £2 staking limit on FOBTs (fixed odds betting terminals) has led to a 9% fall in William Hill’s market cap...

January 25 2018 | David Jennings , Joseph Quinn | Company Report | 21 pages

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