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Same boat as you SunnyD123. I listened to the 1 hour presentation yesterday, main focus on building up USA presence obviously,sale of tradetech eventually will mean a special divi approx.50p which is off the books,so shoudn,t reduce the share price to much. As seen with entain, this will be taken out with a good premium IMO.
Well I am happy with that. Bought more than I wanted to over the past 2 months. Brought down the average just enough to finally see green. Let's see what it does over the short term. I will probably offload some first then come what may with the rest over the longer term.
At least we finished the day even!
Results good! Share price starts dropping? Only FTSE listed companies do this. Hope this trend doesn't over the next few days.
live web presentation at 9am. looks good on paper but no mention of progress on sale of playtech,just its ongoing. should hold steady in the green.
spotted you sold 500 of 888 to buy more ptec, hope its a profitable move. I sold 20,000 888 last week to buy more TGA. Looks like bad timing at the mo, but longer term might look different.
I agree that this is massively undervalued ,represents my biggest holding by far, Fingers crossed.
Added in the hope that the results will please the markets tomorrow.
decent results tomorrow would make the big boys aware of the company`s potential and how much undervalued in the sum of parts.
results are tomorrow. if an announcement is made on protracted sale of tradetech for 200+million as expected,results are decent,special divi poss. then should go past £5 hopefully.
A bit disappointed that we have not been swept along in the sector euphoria as others have enjoyed decent sp rises on the basis of consolidation or rumours of such. Anyone have a view on why we are in the 4 hundreds and not 6 hundreds?
150000 sell at 16:01 but still finished in positive territory.
150000 sale at 16;01. still holding on blue
So let me get this straight. The new offer of $250 million for Finalto can't be considered currently due to the existing agreement with the consortium bid. However if the shareholders were to reject the offer on 15th July and vote against the sale Playtech would then be in the position to discuss the $250 million offer.
So rejecting the offer brings the company an extra $40 million if all were to proceed to sale.
Erm sounds to me like the easiest 40 million made. Might even bring about a counter offer!
Interesting times!!
anybody any ideas as to why the drop is so severe. looked everywhere for any clues. nothing
Up 45% in 6 months same again please added!!!!
Playtech has secured the exclusive worldwide rights to create a range of branded online gaming titles based on television programmes produced and distributed by AMC Networks and WE tv.
The agreement will cover franchises such as The Walking Dead, Marriage Boot Camp and Bridezillas.
Playtech will now start to develop the new titles, with the aim of releasing the online games to the market later this year and in 2022.
“We are honoured to have been chosen as AMC Networks’ exclusive partner to bring their flagship brands to the online gaming market,” Playtceh’s chief operating officer Shimon Akad said.
“Playtech has a long and proud history of combining the very best brands with our industry leading products; this new partnership demonstrates our continued commitment to delivering an entertainment-led experience to key strategic audiences across regulated markets.”
AMC Networks’ vice president of games Clayton Neuman added: “From undead hordes of flesh-eating walkers to an army of enraged brides, AMC Networks is home to some of the most explosive dramas on television.
“We are delighted to partner with Playtech to deliver that same action and excitement from our iconic brands for the first time in a world-class online gaming experience
Any chance Playtech would be paying a special dividend for the sale of Sale of Its Financial Trading Division Finalto, for $210 million?
At these prices I am surprised that we have not been subject to a takeover bid.
Well done playtech the come back to £5 is almost complete m
14 casinos in Holland, well done PTEC!
PEEL HUNT RAISES PLAYTECH TO 'BUY' FROM 'REDUCE' - TARGET RAISED TO 600 FROM 435 PENCE.
The RNS which contained the 2020 finals also stated that the company tax residency migration from IoM to UK was completed in January. However, the share ISIN remains IM... and I believe the share register remains in the IoM. Anybody know where the domicile is now, from the point of view of UK HMRC? Before the migration, it was unequivocally IoM (and therefore "foreign") but it's less clear now.
Coming back strong after the results, may just see that £5 again soon . I did add $1700 at an average 448in 3 buys on Etouro ,
Playtech has confirmed plans to open its first live casino studio in the US after securing a multi-year lease at a site in the city of Southfield, Michigan.
The studio – which will be linked to Playtech’s flagship studio in Riga, Latvia, via video technology – will support Playtech’s growth strategy in the US.
The company is expecting to move into the new premises in the coming months following fit-out work, although a precise date has not been disclosed due to uncertainties caused by Covid-19. The site will feature bespoke areas dedicated to specific operator clients, as well as networked tables.
A Playtech spokesperson told iGamingBusiness that Playtech would be able to scale up its facilities at the studio as the company expands its live entertainment and game show content offering for the iGaming market in Michigan and other regulated states across the US.