May 18 2020
Leisure
Recent Research
Dalata Hotel Group, AGM statement
Apr 29 2020
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Hotels
Travelodge update reflects issues with the budget sector and the capital light model
Travelodge has reported Q1 2020 results reflecting a loss for the period and plans to renegotiate terms with its bondholders and landlords. This update reflects the risks associated...
William Hill plc
More protected financial position is the standout
With over 70% of its top line impacted by current developments, a substantially smaller profit base than peers and a balance sheet with little excess capacity, William Hill’s (WMH)...
Hotels
Latest Irish residential rents data from Daft.ie
The latest rental report from Daft.ie covers Q1 2020 but also gives an indication of trends in April. The growth rate in rents was slowing pre COVID-19 and this trend has continued. The...
Flutter Entertainment
TSG acquisition to complete on May 5th
Following the receipt of all remaining shareholder and regulatory approvals, Flutter Entertainment’s (Flutter) acquisition of The Stars Group (TSG) will complete on Tuesday May 5th (new...
Flutter Entertainment
Accelerating momentum pre disruption
Flutter Entertainment’s (Flutter) Q1 update confirms that COVID-19 has disrupted a very strong start to the year – revenues until March 15th increased by 29% year-on-year (yoy),...
Irish economy
Irish economy well-armed to defend COVID-19 stresses
COVID-19 presents significant challenges, but Ireland’s economy should prove to be far more resilient relative to the rest of Europe than it did in the last downturn. This is due to the...
Dalata Hotel Group
Extraordinary measures for extraordinary times
Dalata recently published its annual report online. We have reviewed this and attempted to break down what we believe to be the cash cost of running the business at present. The...
Flutter Entertainment
CMA approves Flutter/TSG combination in the UK
Phase I Competition and Markets Authority (CMA) clearance is an important milestone with respect to Flutter Entertainment’s (Flutter) acquisition of The Stars Group (TSG). Alongside...
Dalata Hotel Group
COVID-19 update
Dalata has released a statement updating the market on the impact from COVID-19. The sector has clearly been affected by travel restrictions, but the company has taken significant...
Dalata Hotel Group
Balance sheet strength provides support
Dalata’s share price has been heavily impacted by the coronavirus. Investors are now considering the ability of hotel stocks to manage their finances through extreme market conditions....
