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Well at this rate the market will take half of it back today if it carries on knocking another 1% of double digit trades.
Not sure the upgraded broker note, northstar and fortuna news could constitute to a 17% rise here....something is at play
Jeffries have put out a note saying buy with a 720p target.
There was also small bit of news in Canada as well
Well it surely can't just be the Czech deal that popped up on the news feed here? There's no RNS and nothing on Playtech Investor relations about that...we'll be the last to know. Again.
Started: loskins, 29 Apr 2024 15:17
Last post: Roguemale1, 29 Apr 2024 15:32
Dunno but im back in....
Takeover ?
Started: wellsy018, 15 Mar 2024 08:36
Last post: formerlyeasyp, 8 Apr 2024 08:45
We certainly need something to change! The sp has been in the doldrums for what, two years? A bid, a big divi payment anything to raise the profile of the company.
It shows as 14th on HL but the company website financial calendar gives the date as 27th March.
Weren't they supposed to be out yesterday?
Page spread in I.C. this week re Playtech, appears positive over various scenarios that may playout.
Started: nimrod22, 2 Mar 2024 14:52
Last post: nimrod22, 2 Mar 2024 14:52
The 8 analysts 12 month price targets for Playtech PLC have a median target of 719.63, with a high estimate of 882.41 and a low estimate of 616.83. The median estimate represents a 59.99% increase from the last price of 449.80.
Started: JG68, 27 Jan 2024 12:32
Last post: JG68, 9 Feb 2024 15:00
Falls every day at US open time or just before.
God its frustrating being invested in a market that is so lame and easily influenced by the fecking yanks.
Wiped all our gains off in an hour thanks the them.
Smells a bit fishy to me, no January TU like last year, and the FY results date changed from 13th March to TBC on their calendar.
Analysts expected to be at the Gee Gee's so delayed by a few days. New date expected shortly.
Sorry yeah was down as 13th.
I emailed them a few days ago as was half expecting a TU on Thursday just gone but no reply.
Anyone expecting one today?
Have to say their IR / communication with shareholders/ market is awful.
Started: raymondericksson, 9 Jan 2024 19:40
Last post: raymondericksson, 9 Jan 2024 19:40
Just jumped into the ShareChat on LSE and couldn't resist chiming in on the dynamic world of Playtech and the gaming industry. As we navigate the market trends, it's always intriguing to explore the broader landscape of entertainment and gaming. Speaking of which, I stumbled upon this gem – a captivating list of the top 5 casinos in Milanat https://www.mitomorrow.it/vivimi/i-top-5-casino-di-milano/ , considering Playtech's influence in the gaming sector, it got me thinking about the symbiotic relationship between gaming companies and the broader entertainment scene. Milan, known for its sophistication and flair, brings a unique twist to the gaming experience. How do you reckon the gaming industry, especially companies like Playtech, might leverage or be influenced by the thriving casino culture in places like Milan?
Started: Thunder2040, 18 Dec 2023 09:53
Last post: Thunder2040, 18 Dec 2023 09:53
I do find it interesting that 888 has surged on the bid talk lately put playtech actually remains arguably more of a target and is significantly undervalued itself:
https://www.standard.co.uk/business/vultures-circle-over-uk-firms-where-bargains-are-to-be-found-m-a-ftse-stock-market-lseg-b1110362.html
Sorry £700 MILLION! Not £700
888 rejected Playtech offer for £700
Started: Thunder2040, 24 Oct 2023 20:30
Last post: formerlyeasyp, 2 Nov 2023 06:40
Certainly a good time to quietly buy more shares imo.
Https://igamingbusiness.com/legal-compliance/legal/caliplay-legal-action-playtech-mexico/
The service fee dispute is weighing on this, surely if the fee is €34m per annum and runs until 2034, to end the contract the payment would have to be approx €340m but that is with no growth and is not discounted...anyway, it's a poor move trying to pull out of a contract on the cheap by Caliente imo
Would need a rise of 80% to get back to the 680p bid that was rejected...as it undervalued the business ..since then it's announced record EBITDA and FY should be over €400m, with debt halved in a year...if as an old post suggested the sum of parts is worth €6b this is now deep value territory...surely a predator will strike with the week £ now presenting a huge bargain..hold tight chaps
Started: JG68, 5 Oct 2023 13:59
Last post: asartara, 9 Oct 2023 16:08
So nobody seems to have a clue what this Caliplay “option” actually means
Can anyone explain exactly what this legal action is about?
The press reports are not very clear
Caliplay holds an option to redeem the service fee
What does this even mean?
Does it mean Caliplay can refuse to pay the €34 million?
What does the option allow Caliplay to do?
Does it allow Caliplay to pay zero or to pay less than €34 million?
And why would Playtech have agreed to such an unclear agreement that has now ended up in a Mexican court and is likely to end the JV at a great cost to Playtech?
Unhelpful news at a time when the markets are very nervous. One bad move and investors hit the sell button while the shorters make money at our expense. PTEC need some strong positive news to get anywhere near 600p a share.
Really can't work out how significant this is or how big a customer they are.
If it was serious surely the sp would have tanked.
The SP was low enough without this now
Started: formerlyeasyp, 8 Sep 2023 08:19
Last post: formerlyeasyp, 8 Sep 2023 08:19
Interesting and useful posts, thanks all.
Started: formerlyeasyp, 7 Sep 2023 08:04
Last post: dab808, 7 Sep 2023 08:18
The US opening up is the catalyst for huge revenue growth and the company is well positioned. The HardRock deal looks good. Paying down 200m of debt is a positive sign and again the timing couldn't be better. No need to roll the debt into higher interest bonds and no need for short term borrowing is good news. Profit? Well it looks like they have had a clear out, not gone into the detail as yet but I would say we should be looking at revenues, profits and dividends all being re-rated in the next few days by analysts who will up their recommendations on the target price.
Any views? I like the company but it has had a few ups and downs over the last few years.
Oversold with general market conditions .
Bought yesterday 508 !!
Started: Stefano5, 26 May 2023 20:26
Last post: Stefano5, 26 May 2023 20:26
If its good enough for Moi its good enough for me. I have followed his example and bought a large chunk to add for myself. No brainer in my opinion.
Started: formerlyeasyp, 24 May 2023 07:22
Last post: formerlyeasyp, 24 May 2023 07:22
Just glanced at it and felt it was all quietly positive.
Taking an optimistic view, based on recent takeovers of B2B and B2C providers, Playtech takeover value would be around 6B EUR. The current valuation is 2.25B EUR. So IMHO we do have room for growth.
Some facts:
Neogames 2022 Financials:
Revenue 166M USD
EBITDA 11M USD
Net income -18M USD
Acquired for 1.2B USD by Aristocrats
Playtech 2022 Financials:
Revenue 1.6B EUR
EBITDA 405M EUR
Net income 160M EUR
If we leave out B2C (Snaitech), then PTEC B2B figures for 2022 are:
Revenue: 632M EUR
EBITDA: 160M EUR
Based on revenue, I would say the comparable B2B takeover value of PTEC is ca 4x value of Neogames, which is around 4.4B EUR
Then we can add the value of Snaitech around 2B EUR (comparable takeover of Sisal was 1.9B EUR).
Adding B2B and B2C value gives us PTEC valuation of ca 6B EUR.
From today´s news, we have a new non-exec directory from Hongkong. In the last private buyout attempt, CEO Weizer cooperated with TT Bond group from Hongkong. The share price is rising strongly. Coincidence? No, I think Asians can calculate too.
It stalled for a bit but it has moved up nicely in the last 6 weeks. There is value here and the market is recognising it, particularly in light of the gambling review which seems balanced enough not to scare the horses. There also remains a good chance of acquisition activity in this sector. Overall positive sentiment.
As always little posting activity when shares are rising steadily :)
Record results and yet the share price goes down-shocking market at present.
Started: formerlyeasyp, 23 Mar 2023 07:52
Last post: formerlyeasyp, 23 Mar 2023 07:52
Final Results look good.
"Record Adjusted EBITDA of €405.6 million, up 28% vs. 2021."
2023 off to a good start according to the RNS.
700 shares via HL as a modest punt on a bid or better times ahead for PTEC
Interesting news, I intend to buy back in today.
Even in recessions people continue to gamble.
Buying shares in PTEC a gamble too!
Started: TaffAff, 1 Oct 2022 20:42
Last post: TaffAff, 1 Oct 2022 20:42
We are continuing to evaluate business combination opportunities, including alternative opportunities with Caliente, Caliplay and Playtech...
https://www.casino.org/news/tekkorp-digital-needs-more-time-to-find-business-combination/
Started: theredbarron, 26 Sep 2022 06:39
Last post: theredbarron, 26 Sep 2022 06:39
Well after rejecting a couple of takeovers now, ( bailed at £5.50 I think ?? may have been £7 I’d have to check though ) But with the pound through the floor and worth 35% less than may/ June the yanks can pick this up for a song , I’m starting to build my stake here day by day as this is oversold and a bargain in my eyes , I thought the results was good .
Last post: Thunder2040, 23 Sep 2022 15:47
I spotted a couple of things on second glance, some ridiculously big write offs, one of circa €15m in Asia for bad debt and another chunky one for termination of an onerous contract of about €10m which frankly is not pleasing. The other thing was a bit of margin contract. Last thing was refinancing to come. But still, feel this is just getting taken down with the market. May dip toe in for a bounce, but unforgiving climate.
Puking of stock seems very risk-off and understandably so. Market was positive re earnings result before puking non stop... unless i missed smt on the fundamental side of things. But populist macro policies aint bolstering the case.
Started: easyp, 22 Sep 2022 17:31
Last post: Thunder2040, 22 Sep 2022 19:40
I swallowed 20% loss after the takeover collapsed, left a bitter taste. Few things annoyed me a lot: time taken in discussions and CEO involvement only for no deal, inside info for current shareholder and Odey somehow selling down before announcement, no divi, Caliente listing scrapped and not mentioned since. All this being said, the results seemed about ok to me so mildly surprised to see a dip of 10% on the day, still think it gets taken out for a lot of games played with this one, and in current climate market doesn't want that! When are the results ever really given on an non adjusted basis here too!
As it happened I sold my small stake a few days ago, pure luck.
The sp drop seems an over reaction when you consider this:
"This fall was mainly due to the EUR299.9 million of unrealised fair value gains on financial assets recognised in the prior period, with the current period fair value changes being only EUR48.5 million."
Accountancy jiggery pokery imo! PTEC turned over a decent set of results imo but the markets says otherwise.
Started: Marinella, 23 Jul 2022 13:29
Last post: niklol, 8 Aug 2022 14:50
Deutshce bank upgraded Playtech to buy.
New target 602p
According to LSE, the next trading update was meant to of been today?
The H1 update is tomorrow not in September
As a diversion from the interminable Takeover Tedium, shall we hazard some guesses as to whether the H1 trading statement in September will include commitment to a dividend (the first for 3 years) and if so in what amount? We might be thought to deserve something after all this stress!!