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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
|
|
|---|---|---|---|---|
| 2.50 | 0.57% | 444.50 | 15:37:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 440.00 | 440.00 | 447.00 | 442.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 04/1/2024 12:45 by jsg123 Zero volume here is the problem, down 6% in 1.5 days on little volume.Only 8k trade sells today. Needs investors or an RNS to move this |
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 20/5/2022 10:16 by privileged Somethings up!Their trading performance has been stonking and now they say continued into Apr and May. On a valuation basis this is still incredibly cheap so a deal above £7 would still represent great value or a sale of Snai or Caliente float. Hope shareholders get rewarded and not screwed but those Asian investors bought for a reason and losing money wouldn't be one of those reasons |
Posted at 20/5/2022 10:13 by the_mandalorian Mr Bulltrap .Asian investors acquired a significant stake in the gaming technology company above the last bid price and then rejected 680p . Are you seriously putting forward a coherent view that after doing so they (TTB Partners Limited) now plan not to make an offer above that price and just bought over the odds for entertainment purposes? An offer was never going to arrive before the deadline was given, these people are professionals not mug punters on Buliten boards reacting to every share price movement. My own humble view is that once they (TTB) make an increased offer it will also be countered and this saga will continue. A stunning each-way bet share, great business with I would say 90% chance of being taken over above 750p in the next few months with a business that is/would generate cash flow and profits that would support that price anyhow within 12 months if any bid fell through! The price will always be subject to bot trading with 10-15% swings but for those with a backbone,a short-term reward is clearly in view! aimho |
Posted at 21/2/2022 13:32 by miti 1000 Yes , hard to believe that the ceo would agree to side with potential bidders unless he was assured an actual bid will follow at well above 680p. Moreover he must be pretty sure that the HK investors are sold on the idea, surely ? |
Posted at 21/2/2022 13:20 by wolfhound1 Interesting development on rnsBoard confirming TT Bond offer is expected to be in cash and for more than Aristocrats, and now CEO Mor Weisz is getting involved with TT Bond group.. . Update re: possible offer On 3 February 2022, the Board of Playtech (the "Board") announced that it had consented to a request from TTB Partners Limited on behalf of an investor group to be formed and advised by it ("TTB") to release TTB from its restrictions under Rule 2.8 of the Code to allow a possible offer for the Company to be considered. TTB indicated to the Board in a letter dated 3 February 2022 that it expects any offer, if made, will be at a higher value than the recommended cash acquisition by Aristocrat Leisure Limited of 680p per share, announced on 17 October 2021. Further to the recent media speculation, the Board announces that on 20 February 2022 it was notified by Mor Weizer, Director and Chief Executive Officer of Playtech, that he wishes to explore participating in the investor group formed and advised by TTB in considering a possible offer for the Company. Mr. Weizer and Thomas Hall, a former Director of Playtech, have approached TTB with their interest in participating in the investor group. The Board will now form an independent committee consisting of the Playtech Directors excluding Mr. Weizer (the "Independent Committee") to consider all matters relating to any possible offer from TTB and any other M&A proposals Playtech receives. The Independent Committee is and will remain especially mindful of their obligations to Playtech stakeholders and the requirements of the Code. |
Posted at 02/2/2022 09:21 by oggyrocks Looks like aristocrat have conceded defeat. Are they going for another bid or walking away?Don’t think anybody has any clue what’s going to happen here with these blocking investors. |
Posted at 22/1/2022 10:02 by ali47fish 22 JanuaryThe Times: Tom Hall, the Hong Kong-based former chief executive of Playtech, has built a stake in the company and is thought to be acting as a conduit for a group of Asian investors said to be seeking to block a takeover. |
Posted at 21/1/2022 13:30 by dr biotech Former Formula One team boss Eddie Jordan has pulled a potential bid for Playtech, the gambling company, because of concerns that a group of Asian investors that recently bought into the company would block the deal….Jordan’s acquisition vehicle, JKO Play, had been set to propose an offer of 750p…. .Two advisers working on the deal separately said JKO had decided not to go ahead with its offer over concerns that a block of Asian investors, who have been building stakes in Playtech since October and now own about 27 per cent of the company, would obstruct any deal that did not meet their perceived value of the company. All very odd. How much do they think it’s worth and who’s going to pay it? |
Posted at 21/1/2022 08:12 by liam1om Anyone worried about this:The Board continues to seek engagement with all of its shareholders regarding the Aristocrat Offer. However, a number of material investors have not to date engaged meaningfully about their views on the Aristocrat Offer, including certain investors that have disclosed or taken material positions in the Company following the announcement of the Aristocrat Offer. The absence of customary levels of engagement means that the Board is approaching the Court and General Meetings without a clear understanding of whether these shareholders are supportive of the Aristocrat Offer. |
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