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SPO Sportech Plc

84.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sportech Plc LSE:SPO London Ordinary Share GB00BRV2F192 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 84.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
82.00 86.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 84.00 GBX

Sportech (SPO) Latest News

Sportech (SPO) Discussions and Chat

Sportech Forums and Chat

Date Time Title Posts
16/12/202316:40Sportech > - Online Gaming ->>3,052
12/4/200609:32GROWTH FOR 2006 / 20077
12/1/200620:18Sporttech - the next GMC-like rocket?1,047
11/7/200518:05KEEP AN EYE ON SPORTECH?????????63
11/6/200511:29SPORTECH...A sitting duck for a sporting bid???7

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Sportech (SPO) Most Recent Trades

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Sportech (SPO) Top Chat Posts

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Posted at 09/10/2023 10:54 by smithless
The freehold and leasehold properties are worth £8.9m alone. Licence for perpetuity to offer pari-mutuel off-track betting in the State of Connecticut in the US for its Venues worth? Sports betting 8-year contract CLC (can be renewed in perpetuity) worth?
I'm not saying anyone should buy, but based on the sum of the parts one would have thought its worth more the than todays mkt cap. 200p per share perhaps.
Posted at 06/9/2023 08:48 by finkie
You are correct there has been sales and returns throughout and the loss isn’t 80% but SPO has still burnt probably 40% of your cash. It’s still dire in my book.
Posted at 05/9/2023 13:49 by finkie
You will receive soon a recommended offer all agreed from the board to sell the company privately for blah blah reasons. You will have no choice the price will be dire and your shareholder stuffing will be complete. If its by christmas you may have enough to buy a packet of stuffing but not a turkey im afraid.
Posted at 04/9/2023 14:44 by smithless
Well finkie you got your prediction right - now below 100p! Enterprise value of £5.3m As the board is effectively R. Griffiths, Lombard, Harwood Cap and Sand Grove (major shareholders and last two down (poss all) heavily, I can't see why they would won't to force down the price. Harwood increased its holding recently. Personally I can't see what has changed since the 35p distribution (post consolidation). Outlook at at AGM trading update seemed quite upbeat.
Posted at 29/8/2023 20:39 by finkie
As predicted a few weeks back this consolidation has simply made it easier for the price to drop to what was 10p. The board are magic… (at making all your cash disappear) communication is poor hardly worth paying the stock market to list it now.
Posted at 22/8/2023 11:56 by smithless
Now has an enterprise value of £6m. It's CLC license must be worth 3x that. It may need to go private to get a decent price for the business, but at this level I've been buying a few
Posted at 16/8/2023 09:16 by smithless
Well the share restructuring really did help with the marketability of the company's issued shares (NOT) as quoted in RNS 26 June. Mkt cap now £11.9m
Posted at 26/7/2023 11:31 by finkie
oooh now we can watch them move the price down easier now its over a pound a share on a 10/1 consolidation
Posted at 06/4/2021 20:31 by richardbrook1
Tempus in the times: Sportech

It is 21 years since Sportech was created from the merger of Littlewoods Pools and an electronics group called Rodime, but it has never felt like a company that knew what it was trying to achieve (Dominic Walsh writes). The only constant has been the constant change.
Having consolidated the football pools sector, four years ago it sold the enlarged football pools business to OpCapita for £83 million and then acquired Bump 50:50, a digital sports raffle operator, and Lot.to Systems, a specialist in mobile gaming technology. The pools business included the Spot the Ball game, which turned out to be a bit of a winner after Sportech successfully lodged a claim for a VAT rebate. The claim, all to do with whether Spot the Ball was a game of chance or skill, may have taken eight years, but the result — a £97 million payout — was worth the effort.

In 2017, it hoisted a £200 million “for sale” sign over itself, only to come off the market again the following year after deciding that it had a decent independent future after all. Since then, the wheels of change have continued to turn, with Sportech selling the Bump 50:50 business recently. It also has agreed the sale of its Tote betting technology business and a freehold property in Connecticut, where it operates its own gaming venues. The group said that it planned to use the expected £36.1 million proceeds to return capital to shareholders.
Sportech’s strong cash position enabled it to come through the past year in better shape than it had expected, although it was by no means unscathed. Revenues for 2020 from continuing operations fell by 41 per cent to £20 million and it made an underlying loss before exceptionals of £2.3 million, against a profit in 2019 of £1.6 million. Including discontinued operations, it reported a statutory loss of £12.8 million, but with cash of £16.8 million and more to come as disposals are completed, analysts are expecting a payout to shareholders of at least 23p a share (although Peel Hunt reckons that if it wins a dispute with the state of Connecticut over its sports betting rights, the eventual figure could be much higher).

ADVICE Buy
WHY At 26¾p, the shares are below even conservative estimates and are worth a punt
Posted at 22/10/2019 08:28 by finkie
What’s occurring then? 29p now 34p to buy in spo share price movement terms ‘that’s mega’
Sportech share price data is direct from the London Stock Exchange

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