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Fortuna Entertainment Group NV (FORE.PR)

FORE.PR on Prague Stock Exchange

152.00CZK
18 Aug 2017
Change (% chg)

1.50Kč (+1.00%)
Prev Close
150.50Kč
Open
149.50Kč
Day's High
152.00Kč
Day's Low
149.50Kč
Volume
73,558
Avg. Vol
32,887
52-wk High
152.00Kč
52-wk Low
85.00Kč

Latest Key Developments (Source: Significant Developments)

Penta sticking by plan to de-list Fortuna betting group in future
Tuesday, 11 Jul 2017 11:45am EDT 

July 11 (Reuters) - Fortuna Entertainment Group Nv :Penta Investments sticks by plan to de-list Fortuna Entertainment Group in future, no decision on timing, spokesman says in emailed answers to Reuters questions.earlier on Tuesday, Fortuna said Penta Investments, through Fortbet Holdings subsidiary, raised its stake to 76.32 percent as of June 27, from previous 68.25 percent.Penta had launched voluntary buyout with raised offer price of CZK 118.04, final settlement was due June 27 nL8N1K217I.  Full Article

Penta lifts stake in Fortuna betting group to 76.3 percent
Tuesday, 11 Jul 2017 03:27am EDT 

July 11 (Reuters) - Fortuna Entertainment Group :says Penta Investments, through Fortbet Holdings subsidiary, raised its stake to 76.32 percent as of June 27, from previous 68.25 percent.says investment funds managed by ALTUS Towarzystwo Funduszy Inwestycyjnych reduced stake to 1.44 percent as of June 26, from previous 5.72 percent.Penta had launched voluntary buyout with raised offer price of CZK 118.04, final settlement was due June 27 nP7N1I401DnL8N1J218NnL8N1IY14O.  Full Article

Fortuna shares highest since 2015 profit warning and dividend review
Tuesday, 13 Jun 2017 10:03am EDT 

June 13 (Reuters) - Fortuna Entertainment Group Nv :shares rise 0.9 percent to CZK 125, hit highest since March 2015.highest since opening price on March 5, 2015, day company announced it expected decline in 2015 core earnings and put its dividend policy under review.Czech betting company has not paid dividend since.majority shareholder Penta has launched tender offer for shares, raised offer price to CZK 118.04 in May nL8N1J218N.  Full Article

Fortuna shareholder group says Penta offer still below fair value
Thursday, 1 Jun 2017 03:07am EDT 

June 1 (Reuters) - Fortuna Entertainment Group Nv :Group of Fortuna Entertainment shareholders, advised by Templeton, says revised offer price in voluntary buyout still significantly below fair value of company.Group holds 10.5 percent stake in Fortuna.Penta, which holds a 68 percent share through its Fortbet Holdings unit, raised the offer price in a voluntary buyout to CZK 118.04 on Monday, from CZK 98.69.Templeton-advised group says believes the outlook for Fortuna’s core business is very positive, given the regulatory environment dynamics in both the Czech Republic and Poland.says results of the first month of online casino operations in the Czech Republic are very encouraging, and "we believe it may become a significant value contributor for the company going forward.".  Full Article

Fortuna Entertainment shares rise near raised buyout offer price
Monday, 29 May 2017 03:07am EDT 

May 29 (Reuters) - Fortuna Entertainment Group Nv :Fortuna shares rise after Fortbet raises offer price in voluntary buyout.shares up 6.5 percent at CZK 116.00 at 0704 GMT.Majority shareholder Penta, which holds a 68 percent share through its Fortbet Holdings unit, has raised the offer price in a voluntary buyout to CZK 118.04, from CZK 98.69 nP7N1I401D.Further company coverage: FORE.PR.  Full Article

Fortuna shareholder to raise offer price in voluntary buyout -CTK
Friday, 26 May 2017 12:13pm EDT 

May 26 (Reuters) - Fortuna Entertainment Group Nv :Fortuna's majority shareholder Penta to raise offer price in voluntary buyout to CZK 118.04 on Monday -CTK news agency.offer of CZK 98.69 announced on March 31 had been around 10 percent below Fortuna's market price nP7N1HE009.Penta holds a 68 percent stake in Fortuna through its Fortbet Holdings subsidiary.  Full Article

Fortuna says closes acquisiton of Hattrick, sells Fortuina Sazky
Tuesday, 23 May 2017 10:44am EDT 

May 23 (Reuters) - Fortuna Entertainment Group Nv :Fortuna says has successfully closed the acquisition of the 100% share in Hattrick Sports.Hattrick is the owner of the betting operator in Romania, Casa Pariurilor, the operator in Croatia, PSK, and B2B operations in Spain, Germany and other countries.Fortuna signed an agreement under which it agreed to sell its 98.4% stake in Fortuna sázky a.s. to Sazka, a.s. The transaction was settled and closed on the signing date. Both parties agreed that the transaction price shall not be disclosed..  Full Article

Fortuna Entertainment Group Q1 total amounts staked up 20.1%
Thursday, 11 May 2017 02:19am EDT 

May 11 (Reuters) - FORTUNA ENTERTAINMENT GROUP NV ::TOTAL AMOUNTS STAKED IN Q1 2017 INCREASED BY 20.1% TO EUR 302.2 MILLION ($328.40 MILLION).TOTAL GROSS WIN IN Q1 2017 WENT UP BY 12.2% TO EUR 42.7 MILLION.ONLINE SPORTS BETTING GROSS WIN IN Q1 2017 INCREASED BY 18.5% TO EUR 28.3 MILLION.IN Q1 OF 2017, TOTAL EBITDA REACHED EUR 3.0 MILLION, A 36.3% DECREASE OVER SAME PERIOD OF LAST YEAR.  Full Article

Fortuna Q1 EBITDA falls 36 percent, amounts staked up
Thursday, 11 May 2017 01:01am EDT 

May 11 (Reuters) - Fortuna Entertainment Group Nv :says total amounts staked in q1 increased by 20.1 percent to eur 302.2 million.says q1 ebitda eur 3.0 million, down 36.3 percent.says confirms 2017 guidance.says anticipates that total amounts staked could grow up to eur 1,300 million and ebitda could increase in a range between 20% to 25%.says investments into new enhanced sports betting & gaming platform, data warehouse and front-end system should further drive the CAPEX spending in 2017 that are expected to be between EUR 8 – 10 million."Our operating profitability measured by EBITDA was impacted by lower margins due to unfavourable sports results across all markets and the planned increase of operating costs in connection with building operational excellence and CEE expansion,” said Per Widerström, CEO .  Full Article

Fortuna to hold June 12 AGM, discuss Fortbet tender offer
Friday, 28 Apr 2017 08:00am EDT 

April 28 (Reuters) - Fortuna Entertainment Group Nv :to hold AGM on June 12, discussion on Fortbet tender offer on agenda.says in AGM materials, as expected, not proposing dividend from 2016 profit, reiterates future dividend policy to be announced after end-2017.says in AGM materials company will prepare position statement on Fortbet offer before AGM.majority shareholder Penta Investments, through its Fortbet Holdings subsidiary has announced a public offering at 98.69 crowns a share, below market price nP7N1HE009nL5N1H81RX.  Full Article

BRIEF-Fortuna wins court ruling over Romanian acquisitions

* says court dismissed all requests submitted by Franklin Templeton funds related to proposed acquisition of Romanian firms