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Playtech Share Chat (PTEC)



Share Price: 402.60Bid: 402.30Ask: 402.90Change: -6.50 (-1.59%)Faller - Playtech
Spread: 0.60Spread as %: 0.15%Open: 411.30High: 411.30Low: 401.30Yesterday’s Close: 409.10


Share Discussion for Playtech


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f15jcm
Posts: 1,439
Opinion:No Opinion
Price:427.90
Jefferies 'buy'
10 Jun '19
Jefferies initiates at buy with a target price of 570p.
 
moneybox007
Posts: 35
Opinion:No Opinion
Price:395.70
RE: Div payment
3 Jun '19
no need - just gone in today.
moneybox007
Posts: 35
Opinion:No Opinion
Price:395.70
RE: Div payment
3 Jun '19
Which broker are you with?
raxfactor
Posts: 255
Opinion:No Opinion
Price:395.70
RE: Div payment
3 Jun '19
Yes, mine was paid into my account on the 31st May, so don't know why you guys haven't received yours, but I don't think the problem is with PTEC.
moneybox007
Posts: 35
Opinion:No Opinion
Price:399.40
RE: Div payment
3 Jun '19
My broker says their trustee has yet to receive payment from PTEC
spit49oon
Posts: 23
Opinion:No Opinion
Price:405.30
Div payment
3 Jun '19
Hi,
Has anyone had div payment,thought it was being paid on 31st May.
Spit
moneybox007
Posts: 35
Opinion:No Opinion
Price:399.80
31st May dividend
3 Jun '19
Anybody not received their divi?
raxfactor
Posts: 255
Opinion:No Opinion
Price:405.10
Director Sell
30 May '19
Slipped that notification in at the end of the days trading, under the radar of many.
Playtech Long Term Incentive Plan 2012, Uri Levy, Vice-President of Business Development, exercised options over, and subsequently sold, 26,391 ordinary shares in the Company.
These guys should try doing the opposite, buying while the sp is low and show some belief in the company, if they are selling why should pi's buy?
Completely the wrong message or perhaps the right message PTEC are treading water and the execs are happy to pick up their salary, free shares, and flog them when they can, hardly been overwhelmed with heavy director buys, in my opinion necessity buys to keep the acquisition of not buying shares at bay.
f15jcm
Posts: 1,439
Opinion:No Opinion
Price:406.40
Office Move
29 May '19
raxfactor
Posts: 255
Opinion:No Opinion
Price:405.70
Ptec link up with Retabet
17 May '19
Playtech has announced a new link-up with sports betting operator Retabet, as it seeks to deepen its roots across Europe.
As a result of the partnership with the Spain centric organisation, Playtech is to offer an exclusive casino platform, alongside its live casino suite, to Retabet customers.

https://www.casinobeats.com/2019/05/17/playtech-to-launch-retabets-exclusive-casino-suite/
f15jcm
Posts: 1,439
Opinion:No Opinion
Price:402.90
RE: Shareholder Revolt
17 May '19
Hopefully shareholder agitation will have a positive effect on the company.
raxfactor
Posts: 255
Opinion:No Opinion
Price:401.70
Shareholder Revolt
16 May '19
Playtech has hit the headlines after shareholders revolted against the pay packages of its executives at its annual meeting.
Alan Jackson, chairman, was humiliated by a major vote against his re-election, despite the fact that the company only last month announced that it had started the search for his replacement.

Over 40 per cent of shareholders voted against the company’s pay package policy and its report.

The company had already reported that its adjusted EBITDA for 2019 is forecast to be between €390 and €415m.

Slowing growth in Asia and the grey markets have been affecting profits, to the growing dissatisfaction of its investors.

Pleased to see shareholders have let the board know what they think about excessive pay increases when the sp tanks, they should be aligned with shareholders rather than insulated, if the sp falls significantly they should also feel the chilled wind of vastly decreased pay packet.
What on earth do ii do? they seem to stand by, have no opinion on excessive pay and by doing so sanction whatever is proposed by their inaction.
They for me they are the main reason why executive pay is unchecked in most companies they are there to give an opinion and sway company decisions if they feel they are misguided, after all they own the majority of the company.
f15jcm
Posts: 1,439
Opinion:No Opinion
Price:400.50
RE: Update
15 May '19
I'm hoping licencing software in the US will bring decent business given time and the enormous opportunity over there.
raxfactor
Posts: 255
Opinion:No Opinion
Price:400.70
RE: Update
15 May '19
Hi f15,
It seems all segments of the business are performing as expected, and as per previous guidance, the sell off gives the impression that the market was expecting something different.
Nice to get the impression that the board are not standing still are looking for new opportunities and to improve what we have.
It will interesting to see who they headhunt as the successor to Alan Jackson, and how long it takes, as for the sp I hope we stay above 400p and then trend upwards instead of falling back, sentiment towards the industry needs a break, some positivity.
Now the football has finished the betting fraternity can look forward to the cricket and rugby world cups as well as the usual golf and tennis tournaments, not forgetting the horses, so there is plenty of action going on to keep the wheels turning and the till busy.
f15jcm
Posts: 1,439
Opinion:No Opinion
Price:399.20
Update
15 May '19
Trading in line with guidance. Encouraging given the sell-off.

This company is making loads of money, I don't understand why it's on such a low EV/EBITDA multiple.

Even if the SP doesn't go anywhere, at least it's paying a decent dividend.
raxfactor
Posts: 255
Opinion:No Opinion
Price:386.60
RE: Bugger!
9 May '19
After a prompt reply from PTEC the opinion is that they to are very disappointed with sp and that over the last two weeks the gambling sector in general is down and out of favour ranging between 6.4% to 10.6% .
Companies included Gvc,Stars,Ppb,William Hill and 888, so unfortunately for us it is again the mysterious working of the market, and nothing to do with fundamentals.
It should also be noted that the FTSE 250 is also down about 2.5% over the same period.

I think gambling companies have been hit enough regarding higher taxes, this to me is another tax under a different name, easy target at the moment, and when governments have screwed this industry into oblivion they will move elsewhere to raise cash to spend on causes they deem socially responsible.
f15jcm
Posts: 1,439
Opinion:No Opinion
Price:387.40
RE: Bugger!
9 May '19
I've been looking closely at the fundamentals. There is NO short term/bank debt, only bonds, some of which have recently been refinanced, so there's no pressure to reduce leverage, which is at a reasonable level anyway. S&P and Moodys ran their rule over the company when they were putting their rating on the bonds. See: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PTEC&ArticleCode=dgolw038&ArticleHeadline=Playtech_prices_new_EUR350m_7_year_bond_at_425

Looking at intangible assets isn't something I would normally do when a company is on such a low earnings multiple and with only moderate debt. Cash flow is much more important and they finished 2018 with €622.20, more than they started with (€583.96), after making decent returns to shareholders, though current liabilities do flatter the cash position somewhat and current liabilities have increased significantly from 2017.

Several members of the board have put their money where their mouth is and bought shares.

On Tuesday the SP dropped out of a well defined channel it's been trading in earlier in since 22nd Feb. This no doubt caused chartists to sell.

This article has sent all gambling shares south today: https://www.theguardian.com/society/2019/may/09/calls-for-mandatory-tax-on-gambling-industry-to-treat-addiction-overhaul-laws-bmj

No doubt the market doesn't like this stock but it's in much better shape and offers much better value than GVC, which has an astronomical level of debt.
raxfactor
Posts: 255
Opinion:No Opinion
Price:389.00
RE: Bugger!
9 May '19
Fired off an email to PTEC today asking if they know any reason for fall in sp and are they concerned etc, etc, don't expect a definitive reason other than the workings of the market, but if anything different returns I will post the reply.
I did contact them regarding intangibles and goodwill on the balance sheet and how its hard to quantity these put a value on them, because these assets can't readily be changed into cash, and are over 50% of PTEC s assets.
I got a straight bat reply that the accountants regularly run checks on these assets to quantify there value, and follow the procedure that's required.
This issue does not just apply to PTEC but most companies now have intangibles and goodwill as a majority asset and if the company gets in trouble financially these as far as I can see are worthless as they can not be turned into cash, just my opinion though, as I would like them to have a much smaller percentage of asset value.
easyp
Posts: 1,635
Opinion:Hold
Price:382.20
Bugger!
9 May '19
Wish I had not invested/punted here but inclined to hold because the business fundamentals look decent enough unfortunately, this market is not driven by fundamentals so down, down deeper and down!
raxfactor
Posts: 255
Opinion:No Opinion
Price:397.10
RE: Ex dividend date
8 May '19
Disappointing sp performance over the last two days especially with news very thin on the ground, back to levels I thought we had left behind, looked in on GVC pretty stable there coming down slightly from recent high, I don't even think there has been significant large volume selling here.
Buying opportunity? fundamentals seem solid enough, just the debt to service from the Snaitech acquisition.
dodge_meister
Posts: 166
Opinion:No Opinion
Price:397.10
Share purchase complete
8 May '19
Looks like the hammering has come following the share purchase completion. The bought around 7.7m shares in 2 months.
f15jcm
Posts: 1,439
Opinion:No Opinion
Price:397.10
RE: Ex dividend date
8 May '19
I wouldn't worry, several directors were buying well above the level. I see this as a buying opportunity.
Skeletor
Posts: 158
Opinion:No Opinion
Price:392.90
RE: Ex dividend date
8 May '19
Well this is just falling. Wonder what news is about to break which in hindsight will be a leak. On face value this is currently a great price but don’t want to get burnt.
raxfactor
Posts: 255
Opinion:No Opinion
Price:404.40
RE: Ex dividend date
7 May '19
No news today that I have come across, a few big significant sells, mixed with a few large buys, the market and its mysterious working have given PTEC a good thumping on a day when generally stocks are down.
We are not in favour of the month at the moment, Mr Trump has caused some unrest with his tweets on China trade but I can't see why that should impact us more than others.
Let's see what happens over the next few days maybe some news will emerge, and if it does hopefully it will be ii decreasing their holding and not bad news relating to the business.
Skeletor
Posts: 158
Opinion:No Opinion
Price:404.40
RE: Ex dividend date
7 May '19
Am I missing something? Ex div last Thursday but the big drop today.... so not because of the ex div.. what news have I missed?

Cheers




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