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Three Quick Facts: Endeavour Mining, S4 Capital, Playtech


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Endeavour Mining gold production down, but soaring prices mean total revenues up

Endeavour Mining [LON:EDV] has published full year results this morning, with gold production down by 8% year on year, but as a result of rising underlying prices, realised sales are up by 6% in dollar terms. Management note that the results show the company as being well positioned with a high quality portfolio and a resilient business model.

As previously announced, shareholder returns are $200m from dividends and will be supplemented through its share buy-back program. Production guidance for FY24 is that gold output will be 18.5% higher, weighted into the second half.

#2. Macroeconomic woes weigh on S4 Capital after years of bumper growth

S4 Capital LON:SFOR issued full year numbers today, noting full year results as being in line with revised expectations. Net revenue is 2.1% lower and operational EBITDA is down by 24.6%. Management note that the challenging macroeconomic environment is likely to persist and FY24 net revenues are expected to post further declines. It’s arguably helpful to look at the context here, with the declines coming off the back of robust growth over the previous four years. There’s a lot of detail in this note.

#3. Playtech FY performance ahead of expectations

Playtech LON:PTEC the services provider to the gambling industry, has this morning issued a full year numbers, highlighting some significant operational progress and noting performance has been ahead of expectations. Revenues were 7% higher, whilst reported post-tax profits added 159%. A strong start has been seen to 2024 trade, whilst the strength of the balance sheet opens the door to both organic and inorganic growth options.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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