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Playtech (LON: PTEC) had its buy rating reiterated by analysts at Daniel Stewart & Co. Daniel Stewart & Co currently has a $9.48 target price on the stock. Playtech (LON: PTEC) had its buy rating reaffirmed by analysts at Panmure Gordon. They currently have a $9.36 price target on the stock.

Playtech PT Raised to $9.71 at Deutsche Bank (PTEC) March 11th, 2013 - 0 comments - Filed Under - by Jeff Wilder Analysts at Deutsche Bank increased their price target on shares of Playtech (LON: PTEC) from $8.21 (550 GBX) to $9.71 (650 GBX) in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. A number of other analysts have also recently weighed in on PTEC. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech in a research note to investors on Friday, March 1st. They now have a $9.09 price target on the stock, down previously from $9.09. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Playtech in a research note to investors on Friday, March 1st. They now have a $9.07 price target on the stock. Playtech opened at 551.50 on Monday. Playtech has a 52-week low of GBX 322.25 and a 52-week high of GBX 581.00. The stock’s 50-day moving average is currently GBX 379.9. The company’s market cap is £1.595 billion. Playtech Limited is an online gaming software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. http://www.dailypolitical.com/finance/stock-market/playtech-pt-raised-to-9-71-at-deutsche-bank-ptec.htm

Ladbrokes ▲ Neutral Previous: Underweight LAD.L, LAD LN Deal with Playtech should accelerate Digital growth; upgrade to Neutral ▲ Price: 240p Price Target: 240p Previous: 160p European Beverages, Hotels & Leisure Price (p) 240 Date Of Price 11 Mar 13 Price Target (p) 240 Price Target End Date 31-Mar-14 52-week Range (p) 244 - 150 Mkt Cap (£ bn) 2.2 Shares O/S (mn) 907 J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. 140 160 180 200 220 240 p Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Price Performance LAD.L share price (p) MSCI-Eu (rebased) Before LAD’s deal with PTEC, our UW recommendation was based on two key concerns. First, the need for LAD to improve its online marketing execution in order to reverse (or even halt) its share losses in the UK online gambling market. Second, the cost associated with doing so. We believe that the deal has removed the first concern, and so upgrade our recommendation to N from UW. In our view, marketing investment will still be required to accelerate Digital EBITDA growth (as well as the significant cash contributions due to PTEC if the EBITDA uplift targets are met). Given this, and as LAD remains materially less exposed to the online channel than closest peer William Hill (15% of FY13E group EBIT vs. 46% for WMH), we believe that LAD is currently fairly valued at 12.4x CY14E PE. WMH remains our top pick of the UK gaming stocks.  Meeting the EBITDA uplift targets will be a stretch. If EBITDA from LAD’s Digital division were to meet the highest uplift target (for an incremental £100m of EBITDA over the £46m achieved in FY12), this would imply a 5 year EBITDA CAGR of 26%. We see this as a very stretching target, particularly given that WMH's online EBITDA CAGR over the 4 years of its JV with PTEC was 28%, with a significantly less competitive market and without the headwind of the UK online point of consumption tax due in FY15. If LAD were to reach this target, we estimate that online would account for c.40% of group EBIT by FY17E.  PTEC’s input will accelerate growth but there are challenges. We expect PTEC’s considerable online marketing expertise to accelerate LAD's Digital growth significantly. However, we are cautious about whether LAD will be able to replicate the scale of the success of WMH’s 2008 JV with PTEC, as LAD is now materially behind WMH in terms of UK online mkt share, and in WMH, Betfair and Paddy Power we believe that LAD faces much more capable competitors than those faced by WMH over the past 4 years

UPDATE 1-Ladbrokes signs Playtech deal to boost online presence<888.L>11 Mar 2013 - 08:41 LONDON, March 11 (Reuters) - Ladbrokes <LAD.L>, Britain's second-largest bookmaker, is betting on a tie-up with gaming software developer Playtech <PTEC.L> to rack up earnings from growing demand for online gambling. Playtech has finalised an agreement to advise and assist Ladbrokes with its digital services for an initial period of five years, the companies announced on Monday. Ladbrokes, a familiar sight on Britain's high streets with 2,200 retail outlets, has struggled to keep up with the online offering of UK market leader William Hill <WMH.L>. Earlier this month, William Hill took full control of the internet venture it previously ran with Playtech, buying out Playtech's stake for 424 million pounds, as it looks to expand online. [ID:nL6N0BS7AW] The online gambling sector is seeing a wave of consolidation and deals, amid signs that the U.S. is readying to legalise it. Online gambling firm 888 <888.L> announced two U.S. agreements on Monday. [ID:nL6N0C31UZ] The first new feature Ladbrokes' website customers will see is a 'Vegas' tab, giving access to a virtual casino. The company said the deal with Playtech should help spur growth. "I'm very confident that over the next five years this is going to allow us to accelerate our EBITDA (earnings before interest, tax, depreciation and amortisation)," chief executive Richard Glynn told Reuters. "What this will allow us to do is offer a comparable digital service." Ladbrokes declined to specify how much profit it expects the deal to generate, but Playtech will receive an early instalment of its success fee - described by Glynn as a "no win no fee" arrangement - if base EBITDA uplifts of 35 million pounds ($52 million), 70 million pounds and 100 million pounds are achieved before 2017. The deal boosted shares in both companies, among the top FTSE-350 risers on Monday. Ladbrokes shares were up 5.7 percent to 239 pence, having risen almost 50 percent in the past six months, while Playtech shares climbed 3.4 percent to 571 pence. ($1 = 0.6699 British pounds) (Reporting By Isla Binnie, Editing by Rosalba O'Brien) ((isla.binnie@thomsonreuters.com)(+44 20 7542 1497)(Reuters Messaging: isla.binnie.thomsonreuters.com@reuters.net)) Keywords: LADBROKES PLAYTECH/

Fantastic results this morning. Standard Life plc Preliminary Results 2012 7 March 2013 Part 1 of 5 Delivering substantial growth in profits and increasing dividends Operating profit1 increased by 65% with profit growth across all business units · Fee based revenue increased to £1,271m (2011: £1,205m) · Lower unit and absolute costs with acquisition costs of 156bps (2011: 169bps) and maintenance costs of 45bps (2011: 46bps) · Operating profit before tax up 65% to £900m (2011: £544m) driven by a significant improvement in UK performance, and the continuing growth of Standard Life Investments, as well as previously announced management actions in Canada and UK · IFRS profit after tax attributable to equity holders up 134% to £698m (2011: £298m) Record assets under administration and Standard Life Investments third party assets under management · Group assets under administration of £218.1bn (2011: £198.4bn) · Long-term savings new business sales of £19.3bn (2011: £19.7bn) · Long-term savings net inflows of £2.6bn2 (2011: £4.0bn2) including gross inflows of £20.3bn2 (2011: £20.6bn2) · Standard Life Investments third party net inflows of £6.1bn2 (2011: £4.3bn2) including 62% from outside UK · Standard Life Investments third party assets under management (AUM) of £83.0bn (2011: £71.8bn) with increasing asset class and geographic reach Strong balance sheet and capital and cash generation up 68% · EEV operating capital and cash generation 68% higher at £734m (2011: £438m) · Issued £500m lower tier 2 subordinated debt in the UK and CA$400m lower tier 2 subordinated debt in Canada, taking advantage of strong demand from investors and improved pricing conditions · IGD surplus of £4.1bn (2011: £3.1bn) remained relatively insensitive to market movements Progressive dividend up 6.5% · Final dividend up 6.5% to 9.80p, making a total of 14.70p for the year (2011: 13.80p) Special dividend of 12.80p (£302m) · Strong capital position supports special dividend of 12.80p (£302m)

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