Updates

Playtech

January 2016

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.

Playtech has withdrawn from its proposed acquisition of Plus500, 432p, because of concerns raised by the regulator. It has also flagged concerns that the uncertainty generated increases the risk that the AVA Trade acquisition may also now not proceed. Nevertheless it “remains committed to expanding its financial business.”Sources quoted in the press claim the setback reflects the company’s inexperience in the UK while founder and majority shareholder Tedi Sagi’s conviction for fraud and bribery in 1996 was also a potential spanner in the works.This is a major setback both in terms of future eps growth and also for management’s credibility. Despite the fall, the shares have still gained 45% on ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

NMC - Another acquisition triggers 10% eps upgrade

Scapa - Healthcare enjoys 20% profit growth

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 (April 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 (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)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Playtech

January 2016

Related Articles