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https://igamingbusiness.com/gimme-mor-playtech-looks-likely-to-remain-listed/#:~:text=Investors%20found%20a,M%26A
interesting read
It is very quiet on here as the share price drifts lower on fairly low volume - must be due an update soon.
Have taken a 1%+ position yesterday at £5.87, special situations hedge fund, clearly they still think a deal will be reached or a breakup - but given the size of some stake changes recently I would be interested to know who is selling....
I will send something over the weekend and share any response. The volume is very low today, I think this dip is MM's fishing for stock tbh
Thunder, can you post the email of the IR please? The sp is currently 20p down from a week ago and the sooner we express our dissatisfaction with the continuing drift the better.
I noted some stronger price action today, looking at the trades disclosed after hours, there were x2 £17m trades at 616p this morning, presumably off book - did strike me that perhaps the suitors are buying up as many shares of the free float as they can at current prices and up over 30% as they are about to slap a bid in - guess we will find out if that theory is correct this week.
Yes, Thunder, it's now a full two months since TTB announced that they were looking to make a bid: what can they and Playtech still be talking about?Resolution urgently needed!.
Currently we have a CEO who has had his head turned. Not sure how he can be giving 100% to the development of the businesses whilst at the same time being part of the bid team of TTB!?
I feel like they need to put up or shut up soon with a bid, as this company is just going to drift in uncertainty otherwise. We need to look at the sale of Snaitech to someone like Entain, to free up a sole focus online. The Caliente SPAC listing must be imminent now. Time to start turning the screw and sounding out bids for sections of the business.
I give it another week and then I will contact IR and put this to management.
listened to the presentation this morning. very impressive. seems like the business snai in italy and caliente in mexico if it SPACs represents the current market value of the business. everything else seems for free ??? am i missing something????
There are the numbers laid out for all to see. Great to see the business finally back on track especially with the takeover distractions. Management very bullish. Strong start to 2022. Buy, plenty upside from here.
As I understand it, the company could delay publication of its results for six months beyond its year end without risking penalty. That would take it to 30/6/22. If takeover negotiations were ongoing, one might expect an RNS to that effect rather than "figures on Thursday". If on the other hand negotiations have been concluded, there will be even more news on (or before) Thursday and today's announcement makes good sense. Here's hoping!.
results out on Thursday at 7am.. webcast for investors and analysts at 9am. with management' fingers crossed.
albula just bought another 500,000. thats 16.5million now.
Following on from that article I have been wondering what could be defined as 'shortly' with respect to a fresh potential bid for the company being made. I note that management joined the suitor group around 20th Feb so they have been on board over 2 weeks. I anticipate the formulation of the projected pay off might take another week or so, so perhaps a bid might be made by the end of the month? As someone posted previously, I think results are due to be published and might have been pushed back, so it could be fairly imminent. In order to keep the newer investors happy who bought in after the initial 680p bid, I suspect the offer could be in the region of 800p. Anyone else got any thoughts? DYOR
Based on Financial Times :
Mr. Hall and Mr. Weizer "backed by TTB and two large financial institutions in the UK and US, said they plan to submit a higher offer than Aristocrat’s to the Playtech board “shortly”. "...
Mr. Hall claims he does not have relations with the HK crew. If this turns out to be true, the management buyout price must provide some incentive to all shareholders including the fresh HK ones and "UK-based tier one institutions, certain former employees of the company including certain people that are still involved with the company who believed that the Aristocrat offer was too low." This section might imply to Mr. Hall , Mr. Kivisik and others.
The Hong Kong crew bought their share in the range of 7.20-7.75. Mostly around 7.30-7.50.. and they might expect premium.. So, make your bets, gentlemen!
The open version of the FT story can be found here https://trendfool.com/business/playtech-chiefs-accuse-aristocrat-of-misinformation-campaign-in-bid-battle/
https://www.ft.com/content/58555630-ce2d-4fe5-9c79-7704de0ec94c
Cash bid in excess of 680p to be made shortly...make of that what you will
Share price just jumped 5% in the blink of an eye
I’ve just been told by Playtech’s PR people that the final results will not now be released next Wednesday but that the new date “will be confirmed soon”. If you are a “glass half full” person you may infer that there remains every prospect of a positive end to takeover negotiations, to be announced with the year end figures!
Does beg the question why the hell did this sink below 600p - they bought that last 1m tranche at 640 odd.
I see Albula are increasing their holding with another million purchase. they are up to 13.5 million now. They sure do mean business!
invest inn. yesterday i trolled thru, current stuff. i'm pretty sure it was in yahoo finance where it listed the current board of directors of playtech. he is definitely a current . non exec. director. i wanted to know ,cos they were going to ringfence the board to check the proposed offer. if its not yahoo then i can,t remember who ,cos i spent some time on it . obviously a lot of time on my hands but in my defense i have a lot of skin in this game.
Surely a resolution will be reached by the time of full year results next month…..?
Hi all, my first post here.
Why would it raise a red flag for Tom Hall's purchase? he's not a current NED as far as I can see from the list of current board members.
just announced a replacement RNS today for thomas alexej hall amending yesterday,s disclosure dates. If this does not raise any red flags i do not know what will. Albula the maurisian shell company bought another 1,100,000 shares on someone's behalf. Massive holding for an unannounced player. If the offer is less than £7.50 there will be fireworks. This is turning into a real poker game with no rules. Wonder what Aristocrat are thinking?
Didnt even fill the form out properly! So we can't see the price paid. Also they have been sat on the form since 14th Feb, you are correct it does stink! At least we know that when they bid its getting accepted. I assume they will bid the same amount as the failed bidder did as well 680p