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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech - Looks like a sitting duck on 6.1x EV/EBITA

January 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.

  • Epic Code:
  • PTEC
  • Price:
  • 386p
In the first four months of its second half, Playtech notes the core business - B2B Gambling - and Snaitech (its large Italian B2C acquisition), are trading ahead of management expectations. Regulated B2B Gambling (of which 55% is UK) reported 12% sales growth supported by above average hardware sales. This side has also struck a long-term agreement with Wplay, a leading Columbia gambling operator, extending its reach into Latin America.Snaitech has continued to take market share and reached number one in September and October across online gaming.In Asia, the cause of recent profit warnings, the good news is that run rate trading has stabilised at Eu100m.The sole bugbear has been its non-core Trade Tech business, its f ...

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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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