RE:RE:FLTR quoting below merger priceBrexit deal is reached. One uncertaintity goes away.
It seems any effect of Pound Streling variation against US$ is neutralized due to Star FLTR merger.
Let us wait how the Q3 results of Star affect the price
solarman2013 wrote: There is a lot of uncertainty about regulator approval and that's probably the cause. FanDuel and FoxBet are both doing great, however they may need to unload Paddy Power (at least retail). In my view, that only means more cash in bank to pay off debts. While not great for revenue top line, its great for cash-flow. I also think there is uncertainty over rules post Brexit so that's weighing in, however we should get some updates from Flutter over the course of the next few months.
Next big watch...earnings report in under 30 days from Stars...