Updates

Playtech

October 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.

Peel Hunt has upgraded FY’21 EBITDA forecasts by 5% to €279.8m (eps: 17.8 cents). That came as Playtech reported a strong start to the year in B2B online (particularly Caliente in Mexico) and B2C online (where Italian firm Snaitech has continued to beat expectations). This has offset the impact of the prolonged delay to retail betting venues reopening.The protracted sale of Finalto has taken a new turn with shareholders voting to ditch the offer and switch to Gopher Investments.As Peel says “Playtech is at an early stage in a commercial and strategic transformation, which should generate more and more revenue from licensed activities in the Americas while harvesting cash from mature markets. The broker &ldquo ...

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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 - 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 (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

October 2021

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