Playtech Share Discussion Threads

[shaker44] 30/9/2017 05:19

So you might wonder why the shares have been running back below 900 and not pushing on through 1000. Especially as their significant holding in plus500 is showing a handsome and increasing profit.
Are the regulatory changes that scary or is their a trust issue with this Israeli company, despite Sagi moving on??
Puzzling, to me at least

[nod] 30/9/2017 04:13

Credit Suisse Group restated their outperform rating on shares of Playtech PLC (LON:PTEC) in a research note published on Thursday. Credit Suisse Group currently has a GBX 1,200 ($16.14) price objective on the stock.

Other analysts have also recently issued research reports about the stock. Berenberg Bank cut their price target on shares of Playtech PLC from GBX 1,250 ($16.81) to GBX 1,180 ($15.87) and set a buy rating on the stock in a research report on Wednesday, August 30th. Citigroup Inc. reaffirmed a buy rating and set a GBX 1,250 ($16.81) price target (down previously from GBX 1,260 ($16.94)) on shares of Playtech PLC in a research report on Friday, August 25th. Shore Capital reaffirmed a buy rating on shares of Playtech PLC in a research report on Thursday, August 24th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 1,275 ($17.15) price target (up previously from GBX 1,100 ($14.79)) on shares of Playtech PLC in a research report on Thursday, August 24th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 1,020 ($13.72) price target on shares of Playtech PLC in a research report on Wednesday, August 23rd. Twelve research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of GBX 1,150 ($15.47).

All 11 Analysts have a Buy rating

[slipperysidewinder] 29/9/2017 16:37

Hoping the worst is over here.

[nod] 23/9/2017 07:31

Playtech completes major live casino migration
22 September 2017

Playtech has finalised what it said is the industry’s largest migration of dedicated live casino rooms to its next generation studio in Riga, Latvia

The project began in mid-2016 when the company acquired an 8,500sq m site in the city, and the first dedicated room was finished earlier this year, with Sky Casino migrating its operations to the site before switching on its re-developed offering in April.

The likes of Bet365, Coral, Ladbrokes and Paddy Power-Betfair followed soon after, with each dedicated offering having been redeveloped and redesigned to meet each licensees’ specific requirements.

Playtech has now said that since opening, the new rooms have experienced a “significant increase” in players that have adopted to the revamped experience.

Shimon Akad, chief operating officer at Playtech, added: “Licensees and potential new operators visiting the new and innovative studio have been blown away at the operation we have here now.

“They have been so excited to see the huge progress we’ve made in creating unique dedicated experiences and word is spreading fast to other operators in the market.”

[nod] 21/9/2017 22:52

Agreed.It's the FUD factor. Once a FOBT decision is made public there will be lots of discussions about the financial impact on various companies. It may be six months before the picture becomes clear. PTEC may benefit from new regulations on bookies e.g. customer registration and management systems integrated with terminals.

[slipperysidewinder] 21/9/2017 15:00

A true bargain if ever there was one. The government could reduce fobt stakes to £1 and the share price here would still be s bargsin.

One of the most future proof businessedon plantet earth, diversified and very profitable. The share price is now a rediculously low levels.

[nod] 21/9/2017 11:00

If you look at the 3-year chart retracements of 140p are annual. Followed by a rebound. There's always a background story for the traders to work the share price It has often been Sagi's selling. What is it this time? Is the FOBT scaremongering?It looks like a good time to buy.

[ddubzy] 21/9/2017 09:54

And we had an oversubscribed placing at 924p, so must be good opp to add down here....

[ddubzy] 21/9/2017 09:52

B1ggles, I know, it's all about gambling regulations I presume. Hopefully the 200 holds around 877p.

[trentendboy] 21/9/2017 09:45

Being hammered out there but ex-divi counts for a lot of it.

Will look to open a SB I think very soon

[b1ggles] 21/9/2017 09:45

It wasn't even 10p, ddubzy! None of this is xd-related.

[slipperysidewinder] 21/9/2017 08:35

The Plus 500 profit alone is worth 60 to 100 million. Not to mention the mind boggling divis Playtech receives.

[slipperysidewinder] 21/9/2017 08:34

This is becoming rediculous.has to be the cheapest growth tech stock in Europe, with a galvanised market position and fingers in many pies.

Pathetic really.

[ddubzy] 20/9/2017 08:30

Shocking pullback & goes ex divi today too!

[longwell] 20/9/2017 07:37

rns suggests that we may get an acquisition or share price moving news before November.
seems no reason for the continual drop apart from share over hang from recent large selling.
I am still purchasing and have a sizeable holding now.
no special dividend suggested to me acquisition was likely , hope to be proved right.
tech and consolidation sectors are the place to pick up the decent returns.

[nod] 13/9/2017 21:51

Analysts are indicating that a cut in the maximum stake to £20 is already priced into gambling companies. This sort of level seems reasonable.Personally, I don't think it will have the impact on revenue that has been calculated by some analysts. If someone has £200 to spend on an FOBT they will get through it whether the maximum stake is £5 or £25.The bookies should focus its resources on less visible gambling such as online.

[nod] 11/9/2017 23:29

I thought we might have had an RNS as a result of the 20m shares traded in one day a couple of weeks ago.If PTEC is being held back by the FOBT review then once that is out if the way it should climb well above 1000p.I would have thought the UK government had far more pressing legislation and regulation to sort out than slot machines.

[nod] 03/9/2017 02:59

shaker, it was not the only reason in the PTEC takeover of Plus. Plus had already been in trouble twice and the FCA had made it known it was focusing on offshore firms like Plus. At the time Sagi held 30% of PTEC. Here is an extract from the press at the time, which sums up the other issues."Neither company spelled out the FCA's concerns, although it is understood they centred on management experience and the previous issue of anti-money laundering systems at Plus500. The regulator has also made it clear that it is focusing its firepower on offshore-registered gaming and financial trading companies. Playtech is based in the Isle of Man and Plus500 in Tel Aviv."

[shaker44] 02/9/2017 13:50

You make a good point but if that was the only reason they declined the plus500 takeover, they took a helluva long time over it.
Now we have the EU regulators to look forward to in January 2018 who seem to feel punters need protecting from themselves, and sharp marketing practices.

[nod] 02/9/2017 13:21

Slippery, you may be missing an important point. Regulators will block acquisitions when a major shareholder has a criminal record. This happened a long time ago when PTEC held 10% of Sportech which was trying to acquire a US betting business. It was not approved until PTEC sold its shareholding in SPO. This block was due to Sagi being a major shareholder of PTEC and having been jailed.Regulators didn't allow the PTEC take over of PLUS500 while Sagi was still a major shareholder. Some regulators of more desperate countries approved the takeover.Personally, I'm in favour of preventing former criminals from having any control in financial markets. Unfortunately the extremely weak and greedy regulation of AIM gives criminals a foothold on the stock exchange. It's then up to other regulators to prevent this foothold from extending.

[trentendboy] 01/9/2017 12:49

Interesting. Ptec are flying again now at least - not sure why it fell in the first place

[slipperysidewinder] 01/9/2017 11:43

You see like Playtech, Fintech Group AG is both nuts and bolts b2b and front line b2c with its cfd and share brockerage. Unlike Playtech, and nearly every other player, it has its own bank.

At less than a 300 mil euro market cap it will not be around for long. A sitting duck if ever there was one.

[slipperysidewinder] 01/9/2017 11:43

You see like Playtech, Fintech Group AG is both nuts and bolds b to c and front line b to c with its cfd and share brockerage. Unlike Playtech, and nearly every othet player, it has its own bank.

[slipperysidewinder] 01/9/2017 11:27

In fact I was amazed that Sagi didnt block Safecharge's sale of their 10% strategic stake in Fintech Group AG, or at the very least persuade them to sell it to Playtech. The fit for tradetech would be like a glove and they could more easily duplicate the success of the gaming model within tradetech.