Playtech Share Discussion Threads

[mozy123] 22/2/2018 09:46

800M EUROS OF PURE FUN!

B A L A N C E S H E E T

Playtech remains committed to an efficient balance sheet

longer term debt to be put in place; update within the coming months

constant evaluation of most appropriate allocation of capital

€413m of gross cash at Dec 2017 (Dec 2016: €392m; June 2017 €376m)

€381m of available for sale investments (Ladbrokes Coral, Plus500) at Dec 2017

vs €230.3m at December 2016 and €241.8m at June 2017

significant increase in share price of both stocks

€17m of dividends received in 2017

[trentendboy] 22/2/2018 09:40

Gone long and large.

I can see why they got caught on crypto hype.

A one off and underlying is still strong.

I expect a good rebound even today but one never knows...

[tsmith2] 22/2/2018 09:36

listening to presentation, impressed. did anyone catch cash and value of investments?

[tsmith2] 22/2/2018 09:35

Be interested to see what multiple this is trading ex cash and ex investments

[eastbourne1982] 22/2/2018 09:33

Management confident of good growth in 2018 with improved quality of earnings.

Valuation is now too cheap imho, will this now become a takeover target ?

[tsmith2] 22/2/2018 09:31

What is the companies holding in Ladbroke etc worth?

[brexitplus] 22/2/2018 09:31

Every company goes through a period of consolidation. PTEC is no different. Still a growth stock.

[eastbourne1982] 22/2/2018 09:03

Cheap, I'm in around £6.80.

[bulltradept] 22/2/2018 08:59

Going ex growth?

[ddubzy] 22/2/2018 08:56

;) Could be a lot more '%' at this rate!! Definitely coming back as a shorter!

[togglebrush] 22/2/2018 08:55

'
extract
'
Overall, Playtech revenues in 2H-2017 totaled €385.5 million, down 9% from the first half’s €421.6 million. And that, despite the company having made a number of acquisitions during the year.
'
The company’s key acquisition was its $150 million purchase of FX and multi-asset market maker ACM Group (Alpha), which when combined with Playtech’s end-of-2016 $120 million purchase of CFH Group, and the company’s existing Markets.com Retail FX brand, formed Playtech’s new financials unit, called TradeTech Group. Playtech completed the Alpha acquisition at the beginning of October, meaning that three months of its results were already included in the 2H-2017 totals.
'
However, Playtech’s financials group suffered an even greater Revenue decline than that the overall company, with financials Revenue down 12% in 2H-2017, €39.8 million versus €45.1 million in the first half of the year.
;
Interestingly, Playtech blamed a good part of the decline in its financial division on a $7.6 million loss from “crypto hype” (not why they put that in dollars, instead of euros) at Markets.com.

What happened to Playtech and Markets.com, we believe, occurred at a number of other Retail FX shops during Bitcoin and Ripple’s price run-up in the last few weeks of 2017 – virtually all the trading was one sided (i.e., going long), with the brokers not being able to hedge on the other side.

As far as outlook goes, the company did state that “TradeTech Group has made a strong start to the year”, without giving specific

'

[togglebrush] 22/2/2018 08:53

First comment I found

[shaker44] 22/2/2018 08:49

That 11% downturn needs some commentary/co text/explanation but I couldn't spot any??
Just leaving that out there doesn't seem smart.
But some chunky buys just gone through. Let's hope for a bounce later.

[elsa7878] 22/2/2018 08:44

Average daily revenue in the B2B Gaming division for the first 51 days of Q1 2018, was down 11% on Q1 2017

[bulltradept] 22/2/2018 08:40

First half update poor.

[argylerich] 22/2/2018 08:27

ddubzy22 Feb '18 - 07:24 - 2509 of 2512
0 1 0
Impressive update so expect a 10% drop!!!!


Never a truer word spoken in jest ;-)

[ali47fish] 22/2/2018 08:20

can someone please explain the reaction of the market when the update reads so well

[bulltradept] 22/2/2018 07:48

Interesting something for everyone there.

[togglebrush] 22/2/2018 07:33

FWIW Final dividend €23.9 ... (possible 21.12p)
'
XD_________3 May
Currency__11 May
Paid_______1 Jun

[ddubzy] 22/2/2018 07:24

Impressive update so expect a 10% drop!!!!

[nod] 22/2/2018 06:04

... and many other news sites

21 February 2018
London-listed gaming solutions provider Playtech has secured a long-term deal to supply its Neon casino management system to Tallinn-listed gaming operator Olympic Entertainment Group (OEG).

The Neon system, developed by Playtech subsidiary Intelligent Gaming Systems (IGS), will connect more than 100 of OEG's casinos in five countries, covering approximately 3,500 electronic gaming machines and more than 150 gaming tables.

OEG already utilises the solution in a number of its venues including its latest casino, the Olympic Park Casino in Tallinn.

The new deal will see all legacy systems across the group replaced with Neon, and the implementation of a suite of new enterprise systems including the Neon Analytics business intelligence platform.

The roll-out is expected to be completed this year, with OEG also deploying Neon's functionality to support anti money laundering (AML) controls and to comply with General Data Protection Regulation (GDPR).

"We have worked closely with the Olympic team for many years and look forward to completing the roll out and activating Neon's premium functionality," said IGS managing director Martin Sykes. "Olympic is one of the world's most successful, innovative and professional operators and we are very proud to have been chosen as the group’s long-term strategic partner."

Playtech said that the Neon system will run from a data centre within each country and will be configured to suit the requirements of each jurisdiction, while the enterprise solutions will consolidate data from OEG's international and multi-channel operations.

OEG owns a total of 117 land-based casinos across Europe, including 24 casinos in Estonia, 52 in Latvia and 18 in Lithuania, as well as venues in Slovakia (7), Italy (15) and Malta (1).

"We are looking forward to taking full advantage of Neon by operating the system across all of our international operations," said Oleg Jurtšenko, chief information officer of OEG. "We evaluated all the leading systems and selected Playtech because of their understanding of our requirements, modern architecture and willingness to adapt Neon to our needs."

[oohrogerpalmer] 21/2/2018 16:06

Yeah but lets hope if it is a pre-curser to an approach it is a better one that PAYS accepted !!!!
Still rankles that one.

[wolfhound1] 21/2/2018 15:44

Appointment of UBS as a joint broker reminds me of PAYS - who appointed a second broker and were subsequently approached.....will that also be UBS role I wonder ?

[trentendboy] 20/2/2018 15:38

A good move to make the bullet proof as the regulatory environment heats up.

The new rules should remove yet more competition from grey market operators and PTEC and in a strong position in terms of technologies and market power.

Good to see a move back over £8 - can see this getting back to around £9 in short time

[shaker44] 20/2/2018 04:50

Seems a smart move by ptec