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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech - Strong hint of special dividend

June 2013

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:
  • 666p
Shares in online gaming software group, Playtech leapt to a new high of 670p after its AGM noted that its strong start to the year has continued in the six weeks since the end of March. Meanwhile, in a hint of a possible special dividend the Board “continues to assess the most appropriate way of deploying the proceeds of the William Hill Online stake (worth c. Eu490m) including a consideration of a capital return to shareholders.†Broker Peel Hunt expects a return of up to EU200m (59p a share). Originally tipped at 540p in March we still think that with the US expected to fully legalise online gambling the shares could go a long way; keep buying.  ...

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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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