Playtech Share Discussion Threads

[oggyrocks] 23/8/2018 16:44

Bought a few for 1st time today just before close. Haven't followed for long, but thought worth a punt as looking for a bit of diversity for the portfolio. Looks undervalued a bit and could bounce, which is why bought.

[nod] 23/8/2018 10:02

The best news here is the huge improvement in our regulated business: "69% of group revenues were regulated in H1 (H1 2017: 50%)" If China keeps shrinking our regulated percentage grows.

[mister md] 23/8/2018 08:49

yielding close to 6% at current levels too

[trentendboy] 23/8/2018 08:40

Good results given fearsRest of the company performing well and wining contractsWhether Asia can be turned around is the question

[mister md] 23/8/2018 08:27

market seems to be ok with it

[cambridgedon] 23/8/2018 08:16

Maybe simplistic, but compared to this time last year adj.EPS has fallen 34% but the share price is off 48%. So all the bad news is in the price and some. Would expect to rise from here. V strong balance sheet, loads more cash, Plus 500 holding, highly cash generative blah,blah.
CD

[chucko1] 23/8/2018 08:07

But guidance appears reasonable, and results generally in-line. MS still have price target of 650p, so nightmare avoided. Not great, but the damage done is already in the price.

[brexitplus] 23/8/2018 07:37

More of the same. I’m not sure analysts will be too impressed. Nothing new.

And this from SKY won’t go down well

“Playtech, the FTSE-250 maker of gambling software, has handed its chairman a secret pay rise worth £66,000-a-year, three months after losing its remuneration vote at its annual shareholder meeting.”

[molatovkid] 23/8/2018 07:12

Doesn't look too hot...

[hatfullofsky] 22/8/2018 19:06

What's the view on tomorrow, H1 in line but Asia issues continue. Saitech and Trade Tech performing well. Expect some turbulence, any sign of a downward revision and we'll get hammered. Like wise any positives from Asia and we'll be flying.Reduced spread just in case

[finkie] 22/8/2018 11:00

no doubt we will shortly be welcoming stephen1946 now Penrose is on the board ;-)))

[nod] 22/8/2018 05:38

This article by Calvin Ayre suggests that the USA has indeed softened its attitude towards gambling companies operating illegally in non-USA jurisdictions. Although the test of Sagi is possibly still an issue.

"At one time, these black-market ops might have proved a stumbling block for US regulators, who like to claim they won’t tolerate their licensees behaving badly in other jurisdictions, but are really only concerned with whether operators have any unauthorized US-facing ops. For instance, UK betting giant Bet365 is a major player in China, yet it had no problem striking deals in New Jersey.

There is the small matter of Playtech founder Teddy Sagi, whose conviction for major stock fraud led to a stint in an Israeli prison in the 1990s. Sagi’s significant holdings in Playtech reportedly contributed to UK regulators blocking the company’s efforts to acquire financial trading firm Plus500 in 2015.

Sagi has since reduced his Playtech holdings to a single-digit slice, which may be small enough to allow his ongoing role as a Playtech advisor to slip past the regulatory gatekeepers.

It’s unclear what role Playtech hopes to play in the US market. The company was always more than just a tech supplier through its PT Entertainment subsidiary’s B2C brands Titanbet and Winner. In April, the company took a much larger step down this road by paying over $1b for a controlling stake in Italian gaming giant Snaitech."



This image is made for Stephen1946

[argylerich] 20/8/2018 12:29

any relevance?

[nod] 20/8/2018 04:07

Hmmm, Penrose is following me around.To recap the background I recently posted on here:The Playtech execs know Penrose well. PTEC and SPO jointly tried to acquire US business SG Racing - which is now Sportech's main business. PTEC put two execs on Sportech's Board, took a 10% stake in SPO and offered funds for the deal. The US regulators eventually allowed SPO to acquire the SGR business but not with PTEC involved.PTEC were obviously keen to acquire SGR, which is now Sportech Racing. Perhaps PTEC are interested in partnering with SPO in the USA.https://www.thetimes.co.uk/article/playtech-bets-on-gambling-big-shot-ian-penrose-wqcgx2nmg

[stephen1946] 19/8/2018 07:25

Ian Penrose is forecast join playtech soon, then be groomed to be chairman.

If you thought playtech had problems last week, this guy penrose will make them look like the best days of your life, the man is a walking disaster, a horror story.

He drove Arena leisure to 2.63p then with umpteen rights issues all the way down to 15p. He and Trevor Hemmings are very wealthy, does that give you a clue?

Make your vote count and vote against Penrose.

[hatfullofsky] 15/8/2018 17:41

Absolutely no idea but it's hurting my spread position. I can only think it is being driven down before results. Spread is hurting but added more to my equity position. Great value at these prices. As long as the Asia situation does not worsen Trade Tech and Saitech will plug the gap.Be greedy when others are fearful.

[sum493] 15/8/2018 16:39

why is this down?

[hatfullofsky] 15/8/2018 09:37

Think we may see the share price manipulated lower before the results

[finkie] 14/8/2018 10:11

It feels that way MD, i think this could fairly quickly put on 50-100p and all the chat about them falls away and they find a normal trading range....good share for me so far as in at around 500p recently.

[mister md] 13/8/2018 14:06

Werent there similar concerns @ PLUS and GVC - but ultimately their shareprices reached record highs

[shaker44] 12/8/2018 03:54

I understand their problems in unregulated markets and why they are strategically shifting into regulated. But I also expect that if they can break into usa, we will not be rangebound around 550'
that is all.

[nod] 12/8/2018 00:04

I was just re-reading the aborted attempts in 2015 to acquire Plus500 and Ava Trade. These were blocked by the UK FCA and the Central Bank of Ireland respectively. They highlight the difficulty PTEC has on its home turf let alone in the USA?

[nod] 11/8/2018 22:53

Shaker, the reason we are at 550 is because of uncertainty around China and Malaysia rather than the USA. This happens every few years because our licensees are operating in locations where online gambling is illegal and the authorities clamp down every so often. It's a high risk game which was usually factored into PTECs share price.This is why PTEC has focused on regulated markets and acquired Snaitech to grow operations across Europe.