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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Playtech Plc | PTEC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 0.34% | 443.50 | 16:25:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 440.50 | 432.00 | 444.50 | 443.50 | 442.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 22/08/2019 | Interim | EUR | 0.061 | 19/09/2019 | 20/09/2019 | 22/10/2019 |
| Interim | GBP | 0.054028 | 18/09/2019 | 20/09/2019 | 22/10/2019 | |
| 21/02/2019 | Final | EUR | 0.12 | 02/05/2019 | 03/05/2019 | 31/05/2019 |
| Interim | GBP | 0.105798 | 01/05/2019 | 03/05/2019 | 31/05/2019 |
| Top Posts |
|---|
Posted at 01/3/2024 13:02 by rimau1 The IC agree with my buy case that the conglomerate discount is much too large here (see my post 4746 last year). Trading at 8x fwd earnings. Snaitech is worth at least £1.2bn and the Caliplay option if enforced is another £415m. So with a marketcap of £1.6bn the B2B, US and exciting South America growth engine are in for free. Results due March, they will only comment on the legal proceedings if there is news so unlikely to get an update on Caliplay, biggest risk is a consumer slowdown in Italy which PTEC previously flagged but will no doubt result in another de-rating |
Posted at 06/10/2023 17:33 by popit RNS6 February 2023 Playtech plc ('Playtech' or the 'Company') Update on strategic agreement with Caliplay As part of ongoing discussions with Caliplay in relation to the parties' strategic agreement, Playtech plc (LSE: PTEC) announces today that it is seeking a declaration from the English Courts to obtain clarification on a point of disagreement between the parties. Caliplay is a highly valued customer and partner of Playtech, and has been a highly successful and rapidly growing business. A declaration is being sought in order to provide clarity for both parties. The matter in disagreement relates to whether Caliplay still holds an option to redeem the additional services fee element of the strategic agreement (the "Option"). The Option was structured such that the amount payable by Caliplay to Playtech upon exercise would either be agreed between the parties, or failing which, determined by an independent investment bank valuing Playtech's current entitlement to receive the additional services fee until 31 December 2034. For the six months ended 30 June 2022, the amount of this services fee was EUR34.4 million (EUR22.3 million for the six months ended 30 June 2021) and the business has continued to perform strongly since then. The Option is stated as being exercisable for a period of 45 days following the approval of the audited accounts of Caliplay for the year ended 31 December 2021. Playtech believes the Option has expired and referred to its expiry having taken place in its interim report for the six-month period ended 30 June 2022, which was published on 22 September 2022. Whilst Caliplay has not sought to exercise the Option to date, Caliplay has made it clear that it considers the Option has not yet expired. Playtech hopes to obtain clarification from the English courts and further updates will be provided, as required. ——— I have read the RNS from 6th February and the situation is still very unclear. Can anyone explain it without the legalese? Caliplay holds an option to redeem the service fee? What does this even mean? Does it mean Caliplay can refuse to pay the €34 million? What does the option allow Caliplay to do? Does it allow Caliplay to pay zero or to pay less than €34 million? And why would Playtech have agreed to such an unclear agreement that has now ended up in a Mexican court and is likely to end the JV at a great cost to Playtech? |
Posted at 06/10/2023 11:56 by rimau1 Sounds about right. I guess another factor weighing this down is the bidding war with FLTR for Planetwin. The risk of overpaying plus I suspect we may need a rights issue to part fund the deal if we are successful. The Caliente fall-out is poor timing in this regard. I am biased but at this price i would swoop in for Ptec just for the technology and Snaitech. Averaging down here slowly. |
Posted at 10/8/2023 08:50 by rimau1 FLTR Italy online reported strong H1 revenue growth via newly acquired Sisal of 17% with a positive outlook. PTEC have been messaging that they expect growth to normalise so hopefully not yet! |
Posted at 07/2/2023 07:17 by aim999 I suspect PTEC will again be on someone's shopping list |
Posted at 01/11/2022 13:07 by rimau1 Interesting in-depth Alpha article in the Investors chronicle analysing PTEC. The analysis backs up my view that i have shared here many times that Snaitech is worth at least £4.50 a share and the sum-of-the-parts is north of £8 a share excluding any acquisition premium. |
Posted at 17/10/2022 14:38 by rimau1 Excellent rerate since the ridiculous lows post results. Steve - white paper won’t impact PTEC materially, B2C is Italy so the only exposure is B2B. |
Posted at 28/9/2022 11:24 by steveberyl The Times researching/commentiMakes PTEC something of a cert to be looked at, maybe another bidding war could ensue. FOMO crew will be diving in at £4.20 |
Posted at 23/9/2022 19:43 by steveberyl The moment Ian Penrose joined PTEC it was finished.So i predicted on his appointment, How right I was. |
Posted at 17/8/2022 22:42 by rimau1 Online gambling and sports betting legislation has been passed and sanctioned in Peru. Important for PTEC as Peru will be a Latam hub for PTEC’s live casino. On the downside Brazil has delayed its sports betting legislation until after elections so likely to be 2023 now before legislation is passed. |
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