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Now all eyes on Tradetech and new B2B. Could be onto a winner Herron from this level
Good call also topped up see £4 soon
topped up again to day looking for good recovery over the next two years , management payout when the sp reaches £8 a share!!! fingers crossed
Its been awhile coming but this move in the US will hopefully provide some genuine growth in the future, hard to get over excited with all the turmoil about and the world lurching from one crisis to another I find it hard to believe that normality will resume any time soon, plus with all the debt that central banks have created, and lost jobs that may or may not return, caution is the watch word.
Having said that Ptec is much more favourably positioned than some in other sectors of the economy were companies are laden with debt bills to pay with very restricted markets seem hamstrung and heading for a hard time.
Given how GAN shares have performed, I hoping the entry into the US market might attract some attention. Bought a small tranche at the open. I do have concerns about debt.
Another piece of good news, somewhat disappointed by just a 5% bounce in sp.
It might keep moving forward especially keeping in mind TradeTech which was a drain on the group last year, so good news here :TradeTech has also taken initial steps towards a more efficient balance sheet, which has released €10 million of cash that was previously tied up, and it's impressive start to the year.
Interesting to see if they sell it while the going good, that would move the sp forward.
With this condition it will easily reach 300 in a week or two
Hi easyp,
Ptec is in a good position and better than a lot of other companies who were better placed financially before covid, if I was looking for investments now Ptec would be on my radar like you I am likely to buy more, I will keep my eye on the finances which need to be kept in check, and what they intend to do with the bonds, which if they decide to pay off the old by issuing new looks like kicking the can further down the road to me, I'd be hoping for some repayment from cash and then new bonds, but all that is for the future, just now they doing okay.
Even in uncertain times it seems people still like to gamble.
I did not pick out anything alarming yet cannot fathom quite why this share has bombed in the past two years to this degree?
Tempted to buy some more as online gaming seems like a Covid proof punt and people gamble through recessions.
At this low price I see this as a bargain price as I see the betting online Companies doing well with the working at home. It is not all about football I am sure many use the Roulette wheel, etc.
Thanks Eddy. It was to be expected at the moment.
rns from 19th....................
Given the current circumstances the Board has determined that it is appropriate to maximise liquidity within the Company and is suspending shareholder distributions until further notice. The share repurchase programme announced at the FY 2019 results has been postponed with immediate effect. Approximately €10 million of the €40 million share repurchase programme has been completed to date. The 2019 final dividend of €0.12 will not be proposed at the AGM scheduled to be held on 20 May 2020. Together these measures will save the Company over €65 million of cash outflows.
Hi,
I can see the divi payable (18c) but cannot find the ex div date. Can anyone help. Thank you.
Yesterday’s director buying offers a bit of comfort for shareholders.
Decided to cut my (significant) losses this morning. Snaitech has been about the only thing PTEC has had going for it recently and now that Italy sounds like it is closed for business, certainly as far as attending football matches goes, earnings here could almost disappear for 2020. Snaitech HQ is in Milan which hardly boots the investment case :(
Plus500 seeing big increase in demand would have expected ptec to be impacted in a positive way
They say not strange?!
I don't think the massive disparity between EBITDA and the real numbers does the stock any favours, feels a bit like they are trying to pull the wool. Yesterday I decided I'd continue to hold if they didn't cut the dividend, which they haven't. Will be holding with gritted teeth though. With the threat of additional regulation and the situation in China and Italy, it's not going to be easy for PTEC.
with the buy back will top up and hold
I take your point but if take €28 million tax to Israel out out of it only about €30m down and that won't be happening again, so it is down but not a disaster.
EBITDA might be relevant to the debt covenants but for any other purpose it should be taken with a pinch of salt. They talk about increased gambling takes so tax is very relevant. Operational cash flow is almost certainly the most useful number. They generated about €300m which makes the mcap. look cheap but it's going down not up.
Thanks for the info Rax as a rule here I prefer to be invested rather than comment and got my fingers burned when buying after the "big drop" to 600p then averaged down but bailed last year in frustration at the prolonged drop. I am back in because I share your opinion on the fundamentals and while the present market seems to ignore them I do believe one day some sanity will return and investors will see PTEC as a decent place to put some money.
I hold a similar view on 888 and WMH, the whole sector has been battered by politicians for too long.
Typo
All in all its not a lot different from what I was expecting
Hello easyp
Ignore the impairment charge on intangible assets, which is accountants playing with numbers but have no meaningful impact on the business, accounting grabs the headline that ptec are posting a loss, but what I was looking at is the ebitda/debt ratio which has risen but still manageable at 1.57 so its not a basket case.
They could sell the trading business to pay down some debt if they feel they can't turn it round, but all in all its a lot different from what I was expecting, good luck with your trade at these levels a don't think your going to lose your shirt.
Rax, just dabbled and purchased a 1000 shares because I believe this company will be bought out by another player.