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only just disclosed today on RNS .Mr . thomas alexej hall non exec director of ptec bought 4.2 million shares on 31 january. through a caymen island shell company. surely a clear case of insider trading ? this all really stinks and shareholders left on the sidelines. thought the big pension funds would have highlighted this to the takeover panel.
What a mess. Conflict of interest is inevitable for Mr Weizer. Going from the seller´s side to the buyer's side in the middle of the game. Not ethical, not professional, and leaving no firepower for bargaining for PTEC. He must be well motivated to act like that :)
IMHO this also means that the deal is actually done. Mor just cannot continue managing the company as usual anymore after this betrayal.
Leaving emotions aside I tend to believe the offer will be in the range of 7.4-7.8 to somewhat justify all this in the eyes of the shareholders.
I THINK A LOT OF THE FUND AND PENSION MANAGERS MAY BE WARY OF A LOW BALL OFFER NOW THAT THE SUM OF PARTS OF THE COMPANY HAS BEEN EXPOSED,ESPECIALLY IF MANAGMENT HAS GOT INTO BED WITH THE STALKERS. I THINK THIS HAS A CERTAIN NASTY SMELL ABOUT IT AND COULD BE VOTED DOWN IF LESS THAN SAY £7.50 PER SHARE.
I suspect the TT Bond backers might have wanted Weiser along for continuity and likewise, Hall is the linchpin to the HK guys (who can now magically overcome the act in concert challenge) , I think the ducks are lining up nicely
So looks like we should beat the 680p on any offer and now CEO is getting into bed with TTBond bidders
Update re: possible offer
On 3 February 2022, the Board of Playtech (the "Board") announced that it had consented to a request from TTB Partners Limited on behalf of an investor group to be formed and advised by it ("TTB") to release TTB from its restrictions under Rule 2.8 of the Code to allow a possible offer for the Company to be considered. TTB indicated to the Board in a letter dated 3 February 2022 that it expects any offer, if made, will be at a higher value than the recommended cash acquisition by Aristocrat Leisure Limited of 680p per share, announced on 17 October 2021.
Further to the recent media speculation, the Board announces that on 20 February 2022 it was notified by Mor Weizer, Director and Chief Executive Officer of Playtech, that he wishes to explore participating in the investor group formed and advised by TTB in considering a possible offer for the Company. Mr. Weizer and Thomas Hall, a former Director of Playtech, have approached TTB with their interest in participating in the investor group.
The Board will now form an independent committee consisting of the Playtech Directors excluding Mr. Weizer (the "Independent Committee") to consider all matters relating to any possible offer from TTB and any other M&A proposals Playtech receives. The Independent Committee is and will remain especially mindful of their obligations to Playtech stakeholders and the requirements of the Code.
albula bought another 1,000,000 shares yesterday
A Dr. Choi Chiu Fai Stanley has joined the fray and bought 2.99% of PTEC yesterday. He's H/K top poker player and also owns 13% of Air Asia. Albuba the shell co. they also use bought another 962,854 shares yesterday. Nobody is working in concert! What a joke....
That the directors/officers of Playtech have posted their holdings implies constructive discussion, at the very least, nearly a fortnight after a further bid was intimidated on 2/3/22.
Hi Stefano , not sure they have
I only noticed the disclosure with ... By a Party to an Offer on two RNS
1. TTS Bond- Gopher , just under 5% , but we knew they were working in concert from the origional announce post Aristocrats collapse,
I haven't observed where any of the other HK crew are using it
2. Ptec might-around current holdings and stock options
I am guessing the HK crew are for now maintaining plausible deniability:)
something i haven't seen before which i am taking as a pre curser to an imminent offer is the latest RNS . A 'Public Opening Position Disclosure By A Party To A Offer' Details all employees shareholdings and share options. Hope i'm right
they're all on yesterdays RNS's
Thanks Stephano, is there a link ?
yesterday they disclosed their positions. The words 'in concert' was mentioned for the first time between . gopher and tt bond.
Must be getting close to offer time :)
Has there been any formal disclosure of the TT Bond parties ?
The collective HK crew has to be in excess of the 29.9% for declari g intentionally s, making a mockery of takeover rules
Mr. Tang Hao has just purchased 9,115,160 no. shares in yours truly.
£3 million sell at 625.5 when share at 6.40 why? Albula just disclosed holding 2.7 % of company.. knew they were part of H/K crew..
I think you are spot on Stefano5, interesting seems to be climbing ahead of US open, we are just past Superbowl Sunday a big day in the US betting calendar
something brewing right now. RNS disclosures from H/K crew. price shot from down 2.7% to evens in a second.
Maybe a lower offer but within months rather than years?
we'll probably get an offer next week. if we have a bidding war then could take a couple of months. one way or another will be over inside 3 months.. IMHO
sold at 680 with the first offer , then kicked myself as it went 740plus!!!
but just got back in at 626. looks like like a one off type of company can't see this not getting a offer of over 850 sometime in the next two years!!!
albula bought another 1,000,000 shares yesterday. i remember they bought up millions during the asians buying frenzy.
I suspect Aristocrats will not take too kindly to having been outmusled and left with egg on thier face and will put it up to BondTT/HK crew, north of £850p would be quite a nice result for shareholders ??