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SGMS and IGT must be mulling the situation. Must be. They cant let this go without a go.
JKO will have to mop up all spare shares to have any credibility with their bid. Will try to get some more myself as this could go to an auction. GLA
WE CERTAINLY DO !!!!!!
Do we have a bidding war on our hands…..kerching!!,
Hope so. Maybe an announcement before monday morning.
If I was Aristocrats I would be getting concerned as to the stake being built by the HK co-hort - now past at least 15%+ by my reckoning, if that gets up to 25% they have considerable voting powers ......making a deal v likely at a much higher premium
GLA
A Ms. Lo Ki Yan Karen a billioneress from Hong Kong has bought 6,357,500 no. shares 2.07% of playtech yesterday .Wonder if mr. paul knows her? All brewing nicely!!!
Just realised my calculator doesn't do trillions and the stella has kicked in. two decimal places missing, share price would have read £1032.41 per share!!!
Nice one. Hopefully lots of stella to celebrate soon .Would love to know the exact number bought by GS. Felt a right plonker after posting that trade and realising the figure typed was £ 431 TRILLION which would have valued each share at £ 32.41. Lovely to dream LOL.GLA
Or GS clerk clerk going through a slab of Stella whilst drafting RNS, lol ??
Wonder if its 481M going through!
Nice tick up this morning back up to the 735p level, looks like somone is acquiring a chunk
GLA
WTF!!! Went back to RNS when realised that there were not that many shares out there. It reads they purchased 430,793369,597 no. of shares.!!! Time to go away and open a can of stella early. GLA
Goldman sachs HAVE PURCHASED 431 million shares on behalf of their client ARISTOCRAT today RNS.
P.S. Gopher are an asset manager, they are simply the money, behind them is likely to be the real bidder imho
What is interesting is that one of those HK folks I mentioned that hilds in excess of 10mn shares is connected to a Casino chain, read earlier posts on this BB for his name...
Gopher hold around 5%, as do TTBond their advisors, and there have been a couple of folks in HK who have also taken chunky positions of 10mn shares each
You also have SciGames who sold their lottery division for $6bn
I think we are heading for a trade auction and at 730p market seems to think so too.... and Gophwr will need to bid a good bit higher than 750p if it wants to secure it and see off Aristocrats- speculation was £3bn so that would push it up to 780p - however I am hoping 800p+ possibly 850+
I am trying to decide whether to sell now and get a premium over the Aristocrat bid, or wait for Gopher's counterbid..
So far I'm inclined to wait. Gopher seems a real contender (see what they did with Finalto)... although I don't get why they haven't tried to takeover the entire company at the time they were approaching Finalto. Any views?
IGT have come in with blow out results on the nazdaq , up 6.84% at 19:17 p.m. They might fancy a punt!
May not have long to wait, nice spike up into close, I also see Psquared had reduced short from 0.67% down to 0.27%..... maybe a sign of stirrings behind the scene
My money is on Scigames waiting. They know playtech well. THey have a joint operation and a 6billion war chest doing nothing.I am with wolfhound on this, a possible auction. I know it is history, but playtech was once £10 p share, no reason why not again ! Would not that be a nice xmas present! GLA
It is rumored that Gopher will make a 3B GBP offer for PTEC. It means that Gopher adds 300M to the Aristocrat 2.1B equity offer. In this case the new target price is 2.4/2.1 x 680 = 777
Just managed to get back in with half of my original stake , unfortunately exactly 50p more than originally sold at 6.77p. Reckon i will not regret it.
Looks like what i have sold and taken out i will have to put back in. £8 looks like a final figure, any more a real bonus. Reckon around 4 p.m. should get me the lowest buyback.GLA
Yep, and a Hao Tang just bought 9mn shares....
Gopher hold almost 5% , and TT Bond ( their advisors) hold another almost 5%
The HK connection has yo be pretty strong here..... Paul gas the betting connections and Gopher and TT Bond have the capital raising ability......
Looking positive for an increased bid , LSE will have to set out the timeframe by which they must bid... I am hoping there is a 3rd/4th bidder yet to surface
Mr.paul now owns 11.2million as of today