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PT seems to ticking up nicely of late , under the radar of most on these Bulletin boards it’s smashed he £4 barrier and £5 one is in the cross hairs. Onwards and upwards.
The link from darientaylor from 16th Oct
Oh really? What trouble is it then?
I’m guessing is starting to fade away? Or this wouldn’t be creeping higher
Bit of a pleasant jump upwards today I must say, every little helps .
£5 by March maybe?
I like the sound of the dividend Bezo that would be a nice little Xmas present ,
This was moving in the right direction when the Brexit talk was all positive but this weeks ‘change of sentiment’ appears to have done it no favours what so ever. I believe that there is a Gen Meeting next week... Perhaps they will have an update on the disposal or better still a dividend.
Come on playtech hang on to that £4 psychological marker
The trend since March lows is a slow steady climb back to £4 + by years end.
Any bad news one would hope is priced in to a degree, if nothing bad happens well hello to £5 “ fingers crossed of course”
Also with lockdown still on you’d have to think gambling from home will only keep rising as something to do .
I’m guessing that yesterday’s ride was on the back of the T/O activity at William Hill?
Yes Chalker, a decent enough set of figures given the circumstances. Perhaps the traders were disappointed. Holding here should see profit in the medium term.
Yes - the results aren't actually that bad given the circumstances. But with the sell off today I'm not quite sure what investors were expecting??
"Resilient financial performance and strong operational execution" but revenue down 23% and EPS down 81%. But balance sheet remains positive ( up 15% to E349 ) and sale of TradeTech continues to progress. Steadyish as she goes!
Selling off the FX business could be a neceassry precursor to a merger with DraftKings.
https://fxnewsgroup.com/forex-news/retail-forex/activist-investor-pushing-for-draftkings-to-buy-playtech/
Playtech negotiating TradeTech sale at $200-250 million value
https://fxnewsgroup.com/forex-news/institutional/playtech-negotiating-tradetech-sale-200-250-million-value/?utm_source=rss&utm_medium=rss&utm_campaign=playtech-negotiating-tradetech-sale-200-250-million-value
Looking good and with casinos reopened this can only be good news going forward , add a sprinkle of take over talk this should pop higher once it’s out of it consolidation phase it’s looking in at the moment
I found the previous article about Playtech on the web this afternoon. Regards
Market report: Takeover buzz makes City spin the wheel on Playtech
Casinos were finally allowed to reopen from lockdown at the weekend, and betting was on the brain for many on Monday. Investors decided to take a punt on the prospect of gaming company Playtech becoming a takeover target.
In a trading session with limited blockbuster news, the City latched onto a weekend interview with Jason Ader, a shareholder in Playtech, the world's largest online gaming software supplier.
Ader is a former industry analyst who sat on the board of casino developer Las Vegas Sands.
He thinks DraftKings, a US online gambling company that on Friday posted a steeper than expected loss, should look at acquiring Playtech which recorded underlying profits of €383 million for 2019.
Ader said: "They should be making a stock-for-stock deal with Playtech... If I were on their board, that's what I'd be saying."
Shares in Playtech, which declined to comment, reached 367p in early trading before settling back, up 3.5p to 357.3p
Yes good results Here which has also lifted William hill ( another little punt of mine ) just 1 p more I’m back in the black hmm makes me won’t to go to the casino ha .
" Playtech will announce its
interim results on 17 September 2020. Playtech took early and decisive action in response to COVID19 to ensure the health and wellbeing of its employees and to preserve cash flow, while continuing to
provide customers with Playtech's leading technology. Despite the pandemic severely impacting some
of the Group's businesses, Playtech had a resilient H1 2020 with Adjusted EBITDA of more than €160
million. This result was driven by the Company's online businesses and the exceptional performance
of TradeTech, which benefitted significantly from increased market volatility and trading volumes
during much of H1. Playtech had a strong performance in July with continued strength in online and
TradeTech, in addition to seeing the benefit of retail locations reopening and many sporting events
resuming. Playtech's Adjusted EBITDA in July approached normalised levels."
It seems people have been bored in isolation, and are happy to gamble away their worries. Pretty decent results here, and nearly back to normal. The renegotiated covenants are an indicator of the banks' confidence.
Yes no need to panic I’m happy with my entry point here and William hill for the long term not a day traders share, so slow ish moves here and there and only a small punt
I took profits a couple of weeks back but tempted! See no reason for a 7% drop today other than a sell anything mentality from traders.
Bought myself a little £400 here too today , hoping this gets back to pre covid levels I’d like to say there’s 30% still to come here