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Playtech

April 2020

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.

It’s been a challenging year for gaming software group Playtech with results for 2019 showing revenues up 22% to EU1,508m but net profit down 50% to EU133.6m. Eps fell 42% to 43.2 cents.Within the core B2B gambling side revenues fell 3% to Eu554m and EBITDA was down 21% to Eu200m, reflecting further deterioration in Asia, an unregulated market that has seen increased competition. In B2C, revenues rose 56% to Eu901m, with EBITDA up 140% to Eu154m, driven by strong performance from Italian gaming software operator, Snaitech.The market has been weak in the most recent two weeks with normal customer patterns affected by Covid-19, and its largest markets in Asia and Italy both affected. Frustratingly, while it has increased ...

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Playtech (May 2024)

Playtech - Large eps upgrades simply not acknowledged by investors (November 2023)

Playtech - Huge gaming opportunity in Americas (May 2023)

Playtech - US$85m investment in Hard Rock Digital (April 2023)

Playtech - Another “beat”; CMD on 23rd March could flush out bid interest (March 2023)

Playetch - Debt repayment to save €20m by end next year (November 2022)

Playtech - Gaming software provider trading ahead of expectations; director buys highlight deep value (October 2022)

Playtech - TTB readying a knock-out bid (May 2022)

Playtech - New suitor emerges (January 2022)

Playtech (December 2021)

Playtech - Momentum in Americas to transform eps growth prospects (November 2021)

Playtech (October 2021)

Playtech - Gaming software firm benefiting from online surge (August 2021)

Playtech (May 2021)

Playtech (February 2021)

Playtech (November 2020)

Playtech - EBITDA approaching normalised levels (October 2020)

Playtech - Grant of New Jersey gaming licence opens up US$10bn US market opportunity (July 2020)

Playtech - Looks like a sitting duck on 6.1x EV/EBITA (January 2020)

Playtech - Jefferies ups price target by 50p to 620p (October 2019)

Playtech (July 2019)

Playtech - Gaming software business dirt cheap on prospective PE of 7.7 (April 2019)

Playtech (January 2016)

Playtech (November 2015)

Playtech (July 2015)

Playtech - Acquisition lifts shares towards Â£8 (May 2015)

Playtech - Full year eps grows 28% (April 2015)

Playtech - Searching for major acquisition (March 2015)

Playtech (January 2015)

Playtech - EBITDA forecasts upgraded 10% (October 2014)

Playtech - Founder reduces shareholding (April 2014)

Playtech - Net cash: Eu 576m (November 2013)

Playtech - Strong hint of special dividend (June 2013)

Playtech - Huge new markets opening up for online software gaming firm (April 2013)

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Playtech

April 2020

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