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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech - Special dividend on track for Q2

May 2025

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:
  • 735p
Gaming software and services firm Playtech delivered finals slightly ahead of expectations. Adjusted EBITDA was up 11% to €480m with the ‘beat’ coming from the buoyant B2B side, which reported EBITDA of €220m (forecast: €198m) up 22% year-on-year. This was led by the Americas up 19% (now one third) with newly regulated Brazil (now with over 10 licensees) also strong. Although Latin America was impacted by the dispute with Caliplay, the revised strategic agreement was completed on 31 March, drawing a line under the problem. Impressively B2B has already beaten the target set two years ago to achieve €200-250m EBITDA medium term while SaaS revenue of €80m was also at the top end. Having received all outstanding debt repayments from C ...

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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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