Playtech Share Price (PTEC)

I'd agree. Unless there are problems with the Snaitech deal and the impending dividend this looks like an exceptional price to be buy a stock that will be paying 65-70% of market cap as dividend during Q2.

Please correct me if I'm wrong but at tonight's closing price I make the EV/EBITDA multiplier to be 3! Tempted to add further at this ridiculous price.

41% of votes against the Remuneration plan.

Tells you all you need to know

I've extracted the main points that I can take from the proposed incentive plan

- Operates over a 5 yr period

- Senior management to be paid up to 10% of MV

- Targets of E300m for EBITDA and E100m of cash generation.

Let's just suppose current B2B EBITDA is running at E200m (the lower end of targets and 10% above 2023 results). Modest inflation would take that to E220m by 2029. To get to E300m p.a needs just 6.3% annualised growth for which the senior management "fee" is 2% MV p.a.

I can't see how this is an alignment of interests. It looks more like a special management dividend of 2% p.a.

Has anyone read the EGM papers? I'm guessing this is the one that will grant the authority for the awards.