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Stanley Leisure

Companies: SLY   
14/07/2000

A mixture of clicks and bricks acquisitions helped lift turnover at the betting and casino group 22% to £571.4m for the year to April. Pre-tax profits before exceptional items and goodwill amortisation rose 32% to £31.3m but Stanley warned that 'we cannot consistently expect the same level of profits' for the current year, blaming wins by the favourites at both Euro 2000 and Ascot. The group has sought to emulate its rivals' on-line ambitions, by buying two internet casinos and planning the launch of a sports betting site. Acquisitions helped expand the estate to 650 betting shops and 31 casinos nationwide.

Market cap: £227m
PE Average: 22.35
PE Forecast: n/a
PE Historic: n/a
Share price: 202p

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