Playtech Share Discussion Threads

[the white house] 22/11/2024 10:54

Decent RNS : repaying 200m bond early as current balance sheet is so strong Added

[niklol] 21/11/2024 20:41

Thanks for posting that info

[niklol] 21/11/2024 20:41

Thanks for posting that info

[niklol] 21/11/2024 20:41

Thanks for posting that info

[the white house] 21/11/2024 13:28

Decent contract win for both sports & iCasino across 3 states with Delaware North

[the white house] 31/10/2024 11:27

DraftKings announced 100 layoffs in their live casino division and will quote transition to live dealer facilities in Atlantic City unquote Effective Jan 2025Well, Playtech already has 2 live dealer studios in AC and is currently advertising for 5 floor staff at all levels inc IT Being useful at arithmetic my calculationlooks like 2 + 2 = PlaytechNot only a significant contract but also a huge jump in US exposure & future prospects post SNAI I have added

[the white house] 24/10/2024 15:27

Selling slowed to a recent low and a little buying. Added

[the white house] 09/10/2024 07:11

Hard Rock stake just about to get even more interesting & lucrativeHR boss taking about FD and/or DK joining them for Florida sports bettingAdded

[bargainsniper] 30/9/2024 08:41

No brainer money maker

[rimau1] 30/9/2024 08:24

The Hard Rock Digital stake revalued from euro77m to euro118m, some jump. Business must be strong.

[bargainsniper] 30/9/2024 07:54

Strong resultsLooking good

[the white house] 24/9/2024 14:26

Good to see those joining us for the first (& last) time getting grumpy about the boss taking a few quid off the table? Shame you missed the boat Anyways I have closed out many options first thing and now am legging back in with longs for June. The SNAI deal IS huge but it is worth noting that the company will drop from 6700 employees to 5700. It will remain a huge player in the industry and expansion in the US with Live Casinos etc is full steam ahead and Mex sorted there is still plenty to play forKtf

[elbrus55] 21/9/2024 03:05

I think it is compensating directors , senior staff for the loss in value of unvested LTIP future share awards due to the Snaitech cash distribution.So,.may not be so unreasonable for shareholders as it initially looks and may partly offset with LTIP cost savings in future.

[popit] 19/9/2024 17:57

“This is capitalism at its most basic level”
Or legalised theft at its most basic level

“I don’t understand the objection”
You would if your broker decided to take 6% of your assets

“I think it unlikely many will object”
This is unfortunately correct as the Institutions will decide the vote and they will just vote in favour of this corporate greed and legalised theft

[indiestu] 19/9/2024 13:03

The directors get 60 percent of the payout on the deal closing then 20 percent on the first and second anniversaries of the sale. They are fully incentivised to drive the Playtech transformation plan and the next phase of growth of the company. This is capitalism at its most basic level. I don't understand the objection but we will all have a vote. I think it unlikely many will object considering the huge return on the table.

[popit] 18/9/2024 23:12

Indiestu

I assume you must be joking

The Playtech directors already get millions in salary

So why should they take or steal a further €100 million from small shareholders?

Did they tell Playtech shareholders before the €2.3 billion sale to Flutter that they would be taking a 6% cut of it for themselves? No

It is a bit like a stockbroker selling your shares, or an estate agent selling your house, and then telling you after the deal is done that they will be taking an extra 6% cut of your money for themselves

The deal will obviously be voted through by the Institutional shareholders because they are all in the same crooked club, but many of the smaller and individual Playtech shareholders will rightly view the €100 million bonus for Playtech directors as a legalised form of fraud and theft

If someone steals £100 from someone on the street then they will probably go to prison

But the Playtech directors can apparently steal €100 million from small shareholders and get away with it

The €100 million bonus for Playtech directors is disgusting greed and legalised theft

[indiestu] 18/9/2024 14:00

Hang on. The Directors purchased Snaitech for 850 mill. In six years they trebled the value and negotiated the sale. Proceeds used to pay off a huge lump of debt and shareholders offered a massive special dividend. In the meantime they fought off a takeover offer that grossly undervalued the company, made a deal with MGM, secured leadership in their space and paid off my mortgage. They deserve every penny.

[farrugia] 18/9/2024 11:22

'It looks more like theft from shareholders of 6% of the sale price' that's how those directors can afford those big luxury yachts you see in a marina.

[bargainsniper] 18/9/2024 11:00

So they should

[aishah] 18/9/2024 07:09

*DEUTSCHE BANK RESEARCH RAISES PLAYTECH PRICE TARGET TO 873 (780) PENCE - 'BUY'

[popit] 17/9/2024 23:02

redwing

“what do people think about the directors of Playtech taking out up to a whopping 100m euros in bonuses for securing this sale? Excessive corporate greed?”

The €134 million bonuses clearly stink and shareholders should obviously vote against them

And bonuses for what? It was the sale of a subsidiary company and a normal business transaction so why are €134 million of bonuses required for the normal sale of a business?

Do the directors not already receive a very high salary from the company? So why are €134 million of extra bonuses required?

It looks more like theft from shareholders of 6% of the sale price

Shareholders will probably be wary of getting fleeced again with the remaining business

[dodge meister] 17/9/2024 20:47

1m traded today out of 309m

[elbrus55] 17/9/2024 17:53

Probably only a couple of percent of shareholders are UK-resident individual taxpayers (and excl. those investing outside a tax-sheltered wrapper like ISA/SIPP), but compared to the daily volume that may still influence short term share price The Hong Kong investors won't pay any dividend or CGT as neither taxes exist there.