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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech

May 2021

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:
  • 475p
Results from online gaming software business Playtech were marginally ahead of forecast with EBITDA down 19% to €310m on sales that fell 24% to €1,078m. The main contributors were B2B Gaming, where EBITDA fell 40% to €125.8m, due to retail closures and a further decline in ultra competitive Asia and B2C Gambling, the Snaitech business, which declined nearly 20% to €132m, reflecting retail closures and the cancellation of sporting fixtures. Its financial betting arm, Trade Tech (FY’20 EBITDA: +623% to EU56.4m), is slated for disposal, having received a €200m offer. Bank of America (BoA) highlights “structural positive momentum on the horizon” due to four factors. First, Snaitech’ ...

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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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