Aristocrat Leisure Limited (ALL)
All research reports and stock updates for Aristocrat Leisure Limited.
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Playbook has potential
Aristocrat is a catalyst-rich stock with earnings momentum in an expanding industry. Further, it has a balance sheet that can support both capital management and incremental acquisitions.
Pixelated
Aristocrat Leisure’s game plan is unchanged and intact, but the FY22 result contained small glitches that irked the market.
Getting real
On the cusp of its full year result (16 Nov), Aristocrat has reaffirmed much of what the market is expecting. It has also given a glimpse of its expansion into online real money gambling (RMG).
Serious playtime
A big performance from the Americas segment underpinned a strong interim result for Aristocrat Leisure.
To Ukraine with love
Aristocrat Leisure has a meaningful number of staff in both Ukraine and Russia, mostly within its Plarium sub-business. The company is providing as much support as it can to help its Ukrainian staff including relocating to Poland.
Cashed up, ready to play
Aristocrat’s $5 billion acquisition of Playtech has been blocked by a number of shareholders, temporarily ending ALL’s move into iGaming. Playtech may look to sell its B2B business which would certainly interest ALL. ALL’s core business remains in excellent shape.
Eyes on the Playtech prize
ALL reported an 81% increase in normalised net profit to $865 million in FY21 bringing the company back towards its 2019 pre-COVID performance. Segment profit increased 43.5% to $1,919.3 million as the company maintained its market leading investment in game design, development and technology.