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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech - Founder reduces shareholding

April 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PTEC
  • Price:
  • 673p
The sale of 29.3m shares at 725p by founder Tedi Sagi through Brickington Investments (he retains 98.6m or 33.6%) halted Playtech’s share price charge to a new high of 836p but they remain usefully ahead of our tips in March and April last year at 540p and 613p, respectively.Importantly, final results showed good progress from Playtech, which supplies software for online gaming websites. Sales, adjusted EBITDA and eps rose 19%, 17% and 25% respectively to Eu367m, Eu59.4m and 50.7 cents. There was also a special dividend of 34.1p although that only dented its year-end cash pile of £424m by £100m. Revenue growth came from a mixture of existing licensees (7%), net new business (7%) and acquisitions, which contributed 5%. L ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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