Playtech Share Discussion Threads

[phillis] 24/8/2017 08:14

Why post an RNS on a BB?

[nod] 24/8/2017 07:43

My screen is worn out scrolling through that.How many companies of this size grow at 20% - reliably.Apple ?Not that we are as big as Apple ... yet.

[timanglin] 24/8/2017 07:43

Pretty impressive.

[nod] 24/8/2017 00:27

PTEC has had a relatively quiet year on acquisitions.Appointing a new head of Financials and restructuring it into TradeTech indicates we will see more bolt on acquisitions in Financials.

[longwell] 23/8/2017 16:35

no large acquisitions bodes well for special dividend again, would help push share price well through 10..00 with a 50p special.

[oohrogerpalmer] 23/8/2017 15:52

It's amazing what impact these small acquisitions can make to a bigger outfit.
A company I worked for with a t/o of £60m bought a small tech co for £1m & because of it our t/o doubled in 5 years.
At the time I thought what a waste of effort and that's why I don't run it!!!!

[timanglin] 23/8/2017 14:51

This is the sort of deal that GVC used to make, e.g. With betboo. I am glad that PTEC are using this method of purchase. Roll on tomorrow

[nod] 23/8/2017 11:42

Transformational was the word the PTEC CEO used a year or two ago about its planned acquisitions, which turned out to financials but not everything went to plan due to regulators.I don't know anything about ACM but has 20 staff. A small upfront payment of $5 million with the big payment not until 2019 suggests ACM owner(s) are very confident of its future within the Playtech Group.

[trentendboy] 23/8/2017 10:59

Yes, they are really pushing financials. A good move imo.The rumour of course is that they are positioning the financials to be spun off as a separate business.

[slipperysidewinder] 23/8/2017 10:49

Looks like Playtech are taking their financials division extremely seruously. We could be witnessing the early days of a wing of tve business that may one day match the gaming division for size.

[eurofox] 23/8/2017 08:42

perhaps today's announcement has held things back

[nod] 22/8/2017 22:16

I really expected more buying ahead of the results.What's holding us back? Is it FUD over the government review?There have been some very large trades that look like insti sells. Late today a trade of 279,192 at 989.50

[ddubzy] 22/8/2017 12:36

Tough nut to crack!! Come on PTEC...

[trentendboy] 22/8/2017 09:38

Boom da tenner.Should hold it this time imo

[nod] 22/8/2017 08:21

Buys at 999.50 :)

[manics] 21/8/2017 12:35

PTEC shall not disappoint imo.

[ddubzy] 21/8/2017 11:18

IR on 24-8-17, looking forward to seeing progress and dividend update, maybe another special dividend in the offfering, we shall see.

[nod] 17/8/2017 10:45

Onwards and upwards to 1500 before Christmas :)

[longwell] 17/8/2017 07:54

broker recommendation and Sunday paper review catalyst for good run up to results.
expecting special dividend as well.
10.00 will come and go quickly imho.

[trentendboy] 16/8/2017 21:31

Nice steady rises back towards a tennerUndervalued assets becoming clearer

[nod] 14/8/2017 20:12

The issue is that some people will spend every penny in their pocket while others will be more frugal and save some pennies for another day.If I gave my children £20 each to spend on rides and stalls at the fairground, my son would always save £10 whereas my daughter would always continue until she had spent all the cash. Same family background, same schools, very similar personalities, yet different approaches to money.Reducing the cost of rides from £1 to 50p would not result in my daughter bringing home £10.

[libertine] 14/8/2017 18:02

Mon, 14 August 2017

UK gambling review risks raised, Credit Suisse picks out Paddy and Playtech

(ShareCast News) - There is a much higher chance that the government will slash the maximum stake for gaming machines to £2 amid the new political climate, leading to a 40-50% cuts in profits for bookmakers, analysts at Credit Suisse said on Monday, as they advised clients which stocks to back.
In the near term, the UK government's Triennial Review is a "key binary event" for big bookmakers William Hill and Ladbrokes Coral: "We believe the risk of the maximum stake for gaming machines being cut to £2 from £100 has materially increased since the UK election.

"The Review process appears misunderstood by the market, driving a mispricing of this risk."

Based on the available data, a £2 limit would hit profits by circa 40% at WMH and circa 50% at LCL, with around a thousand shop closures between them at a combined cost of close to £200m.

Sector-wide, there is a theme of a shift from retail betting to online, with continued relative growth predicted from online players, which drives an assumption that more online-focused Paddy Power Betfair can generate of 9% earnings compound annual growth between 2018-2021, with 8% for online gaming software specialist Playtech, 3% for LCL, and 2% for WMH.

ANALYST RATINGS

Playtech was given an 'outperform' rating by the Swiss bank and a 1,200p price target as analyst Tal Grant began coverage of the stock, also upgrading PPB as the sector's top pick and downgrading LCL.

PPB, upgraded to 'outperform' from 'neutral', is preferred as its P/E multiple relative to the FTSE 100 has recently slipped to decade lows, with the stock given a new target price of £92.

Ladbrokes was downgraded to 'underperform' from 'neutral' and given a new TP of 110p as more risk is predicted from the UK government's Triennial Review that for WMH, which was kept on a 'neutral' rating but given a new target of 240p.

PLAY PLAYTECH

Playtech is the second most preferred name in the gaming sector for analyst Grant, who forecast double digit earnings growth to 2020.

He sees four areas of upside risk for the company: from newly regulating countries such as the Netherlands; market share growth in live casino games; market share growth in sports-betting where the BGT acquisition has transformed Playtech's offering; and M&A potential where current management's track record on M&A is seen as strong, "implying value creation is more likely than value destruction from further deals".

Grant also sees room for a re-rating "as the market begins to more consistently value Playtech's China-related risk, and following a down-sizing in the holding of founder Teddy Sagi, with whom Playtech had historically done a number of related-party deals".

[longwell] 14/8/2017 10:41

still an effect on share price from off loading of a large % of shares.
I think after results if forward looking statement is positive playtech will start to unlock its potential.