Share Name Share Symbol Market Type Share ISIN Share Description
Playtech LSE:PTEC London Ordinary Share IM00B7S9G985 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.05% 929.00p 926.00p 927.00p 941.50p 908.00p 908.00p 1,123,131 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 463.9 104.5 32.8 23.5 2,997.16

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Date Time Title Posts
22/10/201617:03Playtech - the Biggest Gaming Software Provider1,789
22/4/201513:32PLAYTECH PLC17
27/5/201412:34PLAYTECH PLC1
27/4/201116:13Platech - Tech power of the gaming software659

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Playtech Daily Update: Playtech is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PTEC. The last closing price for Playtech was 928.50p.
Playtech has a 4 week average price of 927.10p and a 12 week average price of 903.56p.
The 1 year high share price is 954.50p while the 1 year low share price is currently 699p.
There are currently 322,622,617 shares in issue and the average daily traded volume is 1,022,639 shares. The market capitalisation of Playtech is £2,997,164,111.93.
nod: Here's the explanation given by PTEC on the use of Euros as the 'home' currency and FX risk.Foreign currency The financial information of the gaming division, which includes the Company and some of its subsidiaries is prepared in euros (the functional currency), which is the currency that best reflects the economic substance of the underlying events and circumstances relevant to the gaming division. Transactions and balances in foreign currencies are converted into euros in accordance with the principles set forth by International Accounting Standard (IAS) 21 ("The Effects of Changes in Foreign Exchange Rates"). Accordingly, transactions and balances have been converted into the presentation currency of euros as follows: ? Monetary assets and liabilities – at the rate of exchange applicable at the balance sheet date; ? Income and expense items – at exchange rates applicable as of the date of recognition of those items. Non-monetary items are converted at the rate of exchange used to convert the related balance sheet items i.e. at the time of the transaction. Exchange gains and losses from the aforementioned conversion are recognised in the consolidated statement of comprehensive income. The financial information of the financial division is prepared in US Dollars (the functional currency), which is the currency that best reflects the economic substance of the underlying events and circumstances relevant to the financial division. The transactions and balances are converted into the presentation currency of euros as follows: ? Assets and liabilities – at the rate of exchange applicable at the balance sheet date; ? Income and expense items – at average exchange rates applicable at the period of recognition of those items; ? Equity- at historic rate. Exchange gains and losses from the aforementioned conversion are recognised in the foreign exchange reserve. C. Currency risk Currency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates. Foreign exchange risk arises because the Group has operations located in various parts of the world. However, the functional currency of those operations is the same as the Group's primary functional currency (Euro) and the Group is not substantially exposed to fluctuations in exchange rates in respect of assets held overseasForeign exchange risk also arises when Group operations are entered into, and when the Group holds cash balances, in currencies denominated in a currency other than the functional currency. The Group's policy is not to enter into any currency hedging transactions. D. Equity price risk The Group's balance sheet is exposed to market risk by way of holding some investments in other companies on a short term basis (Note 14). Variations in market value over the life of these investments have or will have an impact on the balance sheet and the income statement. The directors believe that the exposure to market price risk is acceptable in the Group's circumstances. The Group's balance sheet at 31 December 2015 includes available-for-sale investments with a value of €237.1 million (2014: €24.2 million) which are subject to fluctuations in the underlying share price. A change of 1% in shares price will have an impact of €23.7 million on the consolidated statement of comprehensive income and the fair value of the available for sale investments will change by the same amount. (I don't understand how a 1% change in share price can have a 10% impact)
timanglin: Thanks Nod, the reason that my irritability probably comes through on the BB is that if there had not been currency issues with the profit, the share price would have been through the roof and my profit far higher.i now have to wait 6 months for the next trading update because of the Ptec self imposed 6 month as opposed to 3 month gap between trading updates to get a clearer picture of the profit as expressed in euros.imho.
trentendboy: Special dividend boosted the share price. 150 million back to us. The currency exchange issue looks odd to me. Looks like results were hammered by the falling sterling value. I guess money made in the UK needs to be changed into Euros for reporting which is what was hammered.
weemonkey: Share price below that on results day a few weeks back . . Rare opportunity as results were stella and outlook extremely healthy .
scapital: Is the consensus that the OpenBet acquisition would be positive for the share price?I know OpenBet very well as they are a client of mine so I've no doubt the acquisition will be good for the PTEC bottom line. I'm more interested in how the market might view the deal if PTEC have to pay £300m+ for them.
undervaluedassets: Reminds me of when Dragon Oil pulled out of buying Petroceltic. Initially the market was disappointed and marked Dragon down. But then the Dragon share price recovered (and some) as the market realised that Dragon had made a prudent call in not going ahead with it's purchase. A look at the Dragon oil share price and the Petroceltic share price since tells you that the right decision was made not to go ahead with the purchase
ali47fish: hi hutch what bounce - i ve been reading the update and looking here for the reason of the share price being down and shore capital buy recommendation- i wanted to add to my holding but iam mystified- please xplain a bit more about the operating post
nod: 3 Of The Most Exciting Stocks That Money Can Buy! ARM Holdings plc, Emis Group Plc & Playtech PLCBy Peter Stephens - Thursday, 2 July, 2015For many people, investing is exciting. In the same way as betting on a horse or playing the lottery, you never quite know how your investment in a company is going to pan out. Certainly, you can sometimes win, but other times you can lose, which for many investors is a major reason to get involved.However, for other investors the really exciting part of investing is in enjoying the benefits of generating substantial profits on your hard-earned cash. In other words, it is the product of investing (i.e. profits) that really gets the pulse racing.ARM, EMIS, PTECMeanwhile, online gambling company, Playtech (LSE: PTEC), has an excellent track record of earnings growth, with it having risen by 74% between 2009 and 2014. And, looking ahead, further growth is being forecast, with Playtech due to deliver a rise in its earnings of 5% this year and 17% next year.This could prove to be a positive catalyst for the company's share price over the medium term and, with M&A activity very much a key part of its strategy (for example it acquired contracts-for-difference broker, Ava Trade, this week), its shares could be well-worth buying. That's especially the case since Playtech trades on a PEG ratio of just 0.9, which indicates that it offers good value for money.
nod: The Financial Conduct Authority (FCA) confirmed this weekend that Playtech will require clearance for its takeover of financial broker Plus500.The gambling software developer, which announced at the beginning of last week that it was snapping after Plus500 in a £460m deal, says it is confident the transaction will be approved, the Sunday Times reported.The 400p-a-share price tag values troubled Plus500 significantly below what it was worth prior to its recent difficulties, which came after it was ordered to freeze the accounts of the clients of its UK-regulated subsidiary, Plus500UK, amid scructiny from the UK financial watchdog over the systems it has in place to prevent money laundering.Plus500's management team, who supported the deal, have agreed to remain part of the business for the first year after completion.The deal, however, is facing opposition from Play500's biggest shareholder, Odey Asset Management, who described the approach as "an opportunistic bid exploiting current regulatory issues and risks".
libertine: Plus500's biggest shareholder just slammed Playtech's takeover bid as 'opportunistic' Oscar Williams-Grut Jun. 4, 2015, 10:49 AM The biggest shareholder of troubled City trading firm Plus500 has just slammed the takeover bid that came in on Monday as "opportunistic." Hedge fund giant Odey Asset Management said in a statement that the £459.6 million ($702.05 million) bid made by gambling software company Playtech on Monday is "an opportunistic bid exploiting current regulatory issues and risks." To recap, Plus500's share price went into free fall just over two weeks ago after the UK's regulator told the company its anti-money laundering checks weren't up to scratch. The Israeli-headquartered company had to freeze thousands of UK accounts while it scrambled to fix the problems. Playtech then swooped in with a low-ball bid two days ago. The fellow Israeli company's offer is almost half what Plus500 was worth before the crisis blew up, some £862 million ($1.3 billion). Odey Asset Management, headed by City of London supremo Crispin Odey, is sitting on 25% of Plus500 shares and said it plans to reject the offer. The investment house bought into Plus500 prior to the crisis, at pre-crisis levels, and has been buying throughout the share price slump, probably on the hopes of a rebound. If the deal goes through it would likely swallow a big loss. Plus500's management, who hold 35% of the company's stock, have already backed the £4 ($6) a share offer. The board says the deal will give the company the scale it needs to recover from this crisis and repair the business. Odey said: "We understand that this cash acquisition may make sense for Plus500's management and staff, whom we expect could be further incentivised by Playtech after the acquisition has completed. However, for independent shareholders we believe the current offer represents too great a discount compared to intrinsic valuation as a standalone entity." A spokesman for Playtech told Business Insider: “We believe Odey Asset Management’s arguments to be weak and not categorical. Our 400p per share offer remains compelling for Plus 500 shareholders as it offers a clean cash exit at a significant premium to both the initial issue price and prevailing market value prior to our proposed offer. Playtech intends to address the challenges Plus 500 faces as a result of its rapid expansion and regulatory failings.” Even if Odey does reject Playtech's offer the deal may still go through. As both companies are Israeli, the deal falls under Israeli takeover law which only requires 50.1% of shareholders to consent to the deal. Plus500 only need a further 15% of votes to get the deal done. Read more: hxxp://
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