Member Info for Thunder2040

BaysilHope / Auson, I remember you from Genel/PMO. The investment levy has been totally drowned out by the bashers, providing a lovely buying opportunity for the savvy investor.

So the tax relief on investment was doubled, if you do the maths, the actual imputed net increase in tax is definitely not 25% here. People being mugged for their shares! I forgot that this share had an associated circus following it around.

Been a long time since I was in Premier Oil, but have been watching this newly formed company with interest lately. In my view, if POO stays above $100 for another full year, this is about 50% undervalued given the reduction in debt, hedges coming off and price/earnings. Took some today and will let it run until the next update. GL all

The valuation here is starting to look way too low in my opinion. Entain and Flutter both surging today on strong US growth news - they trade off circa 11x and 15x EBITDA by my estimates. If Playtech EBITDA of £100m was maintained over the rest of 2022, that would give £400m, which means we are trading off 3.75x, even if EBITDA comes in the same as last year we are trading way too low in comparison!

Zero news on anything from the board, including Caliente and the SPAC. That article that was doing the rounds cited current employees etc. as sources, I hope inside information has not been released to the select few here re: the outcome of talks, as someone is very determined to sell out at the moment based on the share price action!

It is odd, everyone was desperate to buy in at 750p and now no volume or demand at 525p, just dripping lower on no news.

As per the 3rd Feb RNS:

'On 19 November 2021, Gopher Investments, an affiliate of TTB, confirmed that it had no intention of making an offer for Playtech and, as a result of that announcement, TTB was bound by the restrictions imposed by Rule 2.8 of the Code (the "Restrictions") for a period of six months, which ends on 20 May 2022 (the "Restricted Period"). In accordance with Note 2 to Rule 2.8 and following Aristocrat (UK) Holdings Limited's Offer having lapsed, the Restrictions were capable of being set aside at any point in the Restricted Period in certain circumstances, including with the consent of the Board of Playtech.'

So they asked to be released from a 6 month barring period that was due to end on 20 May 2022 - I wonder if that was because their intention was to bid before that date - would seem logical.

My issue is, the people that blocked a decent offer at 680p have now caused a material decline in share price and distracted the CEO so far - and are keeping us all in the dark here. I also asked IR about the Caliente SPAC listing too as I want to start understanding the value of this and the bids for other parts of the business. If Mo Weizer is with TTB, has he any incentive to talk to other suitors and if not is that to the detriment of the shareholders?

Have emailed IR today Marinella, I actually just left it before, more through hope than anything, but the drift in SP has me concerned so contacted the company today - no response yet. On the last results call they did not entertain any questions on the matter, so not sure I will get anything concrete back from them - but they can't think that they can operate like this indefinitely with us flying blind on what is going on.

Yeah I saw that. Not really sure I believe it either. One thing I do believe is that there needs to be an update to the market on what is going on here.

Why were some investors desperate to buy up stock in £7's and reject the Aristocrat bid if they didn't have designs on the whole business themselves. Also the older article whereby they said a bid in cash over 680p was expected shortly seems to have been incorrect as nothing has happened at all, so not sure why this new article is any more reliable.

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

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.

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.

Temple of Doom - nice summary - jam tomorrow is not investable today in current inflationary climate. The comments on inflation in the RNS - that it basically has no impact, doesn't add up to me, if they are bidding lump sums e.g Lithuania. They also have a lot of staff, who will all need a payrise. The debt they have is eye wateringly expensive considering the profit margin is shot. They need to win work but can't afford to low ball. I remain out for now, if it slips down to somewhere around £300m market cap I will reassess. GL all here.

Really great news, but I am still unsure why results are delayed and this news is being drip fed into the market. I want to see the underlying numbers, in particular the impact of inflation on the margin. The lump sum contract in Lithuania must be more expensive to fulfil now one would think. Once I see the financial statements I will make a call on this

I concur, it is very odd that they have written such garbage. Having said this, a key factor for me was management's recent investor presentation's on the turnaround plan - I have seen the type before, its literally clueless, fluffy, blue sky thinking, which often means the people in charge don't know the industry or business and are just going through the motions. I will not add any shares here.

Shocking results, another big loss. Litigation costs £3m!? Where has that come from? More bad debts. Management with lots of fluffy statements and no track record. Close to covenant breach. I mean - they didn't even give any real guidance for next year either..I must say that was a terrible RNS. Hope for significant holders that this ship turns around, its in a great sector but I fear for the future under this leadership - clueless!

Ant, I didn't see earning guidance, what is the forecast earnings per share for next year then? Anyway, like others have said, management here is pathetic, just got to weigh up if the value of assets outweighs that, at the moment it seems debateable.