Australian Stock Report - Share Tips
Crown Limited (CWN) Share To Buy
share-tips
Publish date: Tue, 29 Oct 2013, 10:33 AM
share-tips
0 1,810
Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
Crown (CWN) manages a variety of gaming and entertainment facilities, including, bars, restaurants, nightclubs, cinemas and retail outlets. It also develops hotels and conference centre facilities.
The company wholly owns and operates two integrated resorts; the Crown Entertainment Complex in Melbourne and Burswood Entertainment Complex in Perth. Mr James Packer currently owns a 50.1% stake in the group.
CWN also has an interest in several different projects including:
| >> | 33.7% interest in Melco Crown Entertainment (MCE), which is based in Macau |
| >> | 50% interest in online gambling site Betfair |
| >> | 24.5% interest in Cannery Casino Resorts in the US |
| >> | 50% interest in Crowns Aspinall's (UK) which operates three regional casinos in Newcastle Swansea and Northampton |
Key Points:
FY13 results showed solid operations at Australian business:
| >> | Normalised operating revenue grew 5.6% to $2.89 billion |
| >> | Net profit before significant items came in at $473.2 million, a 14% jump on FY12 |
| >> | The groups' total dividends over the year were 37 cents a share, fully franked, which was in line with the previous year's payment |
| >> | The groups EBITDA margins were very impressive, especially in Melbourne where it grew 140 basis points in the 2H13 to 28.5%. The expanding margins a result of a continued cost-out focus and came despite a negative margin mix shift between higher proportion of VIP play relative to the main floor |
| >> | The group's recent refurbishment of the Burswood casino started to pay benefits, with main floor gaming growth of 9.7%. This result especially pleasing given the weakening Perth consumer environment |
Outlook
CWN's FY13 operating results were solid and we expect more of the same in the coming year.
We anticipate mid-digit growth for its Australian business, with the key drivers being a full year of cost cutting benefits at its Melbourne casino and continued refurbishment benefits at its Burswood complex.
In regards to its MCE business we are expecting an extremely strong year. It's Macau City of Dreams has been undertaking a change in product mix, with a higher emphasis on the mass markets tables over VIP tables.
We believe expect this new product mix to the higher margin mass market table will lead to a solid increase in profit.
For all of our latest australian shares to buy and trading ideas sign up for FREE 7 Day Trial and gain full access our research files.
Crown Limited (CWN) Share To Buy is a post from: Australian Stock Report Share Tips
Related posts:
- JB HI-FI Breaking Out – Share To Buy
- Buy Share – REA Group Limited (REA)
- Seek Limited (SEK) Share To Buy
More articles on Australian Stock Report - Share Tips
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Apps
Top Articles
1
2
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
