Playtech Share Discussion Threads

[maddog68] 07/3/2019 16:45

What the hell happened today.

[amadeus888] 07/3/2019 09:10

Share buy back of 150k. First time under 200k. There are fewer and fewer shares available under 450.

[mister md] 06/3/2019 10:25

nice interview. Happy to hold both PTEC and GVC

[shaker44] 06/3/2019 07:37

Thanks for posting, Manics. Good insighf

[shaker44] 06/3/2019 07:37

Thanks for posting, Manics. Good insighf

[amadeus888] 06/3/2019 06:36

It will not stay low for long. The Dividend payment and the buyback will see to that.

[amadeus888] 06/3/2019 06:34

"Therefore, we always believe you need to find the right balance between regulated and unregulated. However, as I said earlier, 80% of our revenues are now regulated and our focus remains on regulated markets. We've had accelerated growth of more than 25% in regulated markets outside of the UK, given the fact the UK is coming under a little bit of pressure. But, even when including the UK, there is solid double-digit growth".

[mozy123] 05/3/2019 21:30

lets hope it stays low for the best value for money for our capital in the buy back

[amadeus888] 05/3/2019 10:36

I would suppose when Ptec has bought enough of their shares under 450.

[maddog68] 04/3/2019 18:06

Is this ever getting to 450 ??

[cryto_charlie] 04/3/2019 11:21

what's the dividend yield here?

[nod] 03/3/2019 07:52

The gripe of the new major shareholders was that awards were excessive and not aligned with shareholder performance. I'm happy if specific ambitious target prices are specified to justify a BONUS over and above a very large salary. I don't see any target share price on any of their awards. I only see a reward for longevity."The awards are structured as nil cost options over ordinary shares of no-par value.The awards will ordinarily become exercisable as from 1 March 2022, subject to the grantee's continued service and to the extent to which total shareholder return performance conditions are satisfied over the measurement period comprising the three financial years of the Company commencing with the current financial year.Once exercisable, an award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the awards."

[amadeus888] 02/3/2019 12:57

Credit has to be given to the move to regulated markets whilst still improving revenues. This is a fantastic turnaround. The share price is not reflective of current business IMO. The company is buying what the market is prepared to sell at these prices. And there is a high yielding dividend to be received."Proportion of regulated revenue increased to above 80% in FY 2018; 54% in FY 2017"

[maddog68] 02/3/2019 08:23

I sold gvc for a 7k loss and have bought play tui and pfc to try and breakeven.

[shaker44] 02/3/2019 05:28

Surely ltips are to incentivise good performance on behalf of and to the benefit all shareholders?
So....?

[nod] 02/3/2019 01:47

I try to get over it, but they keep rubbing my nose in my bad investment ...On 28 February 2019, the following awards under the Playtech Long Term Incentive Plan 2012 (the "Plan") were made to certain PDMRs of the Company: PDMR No. of shares under award Mor Weizer 471,809 -------------------------- Andrew Smith 148,620 --------------------------

[maddog68] 01/3/2019 21:05

Get over it...

[nod] 01/3/2019 19:29

How does Playtech justify such large awards to Mor Weizer and Andrew Smith when the value of the company has tanked over several years?

[amadeus888] 01/3/2019 14:01

Consolidating nicely in the 430s. Playtech will soon find it diffucult to buy back sub-450.

[amadeus888] 01/3/2019 08:10

The company is likely to work the market to buy back as many shares as possible sub 500p.

[maddog68] 28/2/2019 21:05

Considering where this was not long ago i would feel more comfortable at 450 plus ??

[amadeus888] 28/2/2019 09:59

Contract wins! Nice and juicy dividend and a share buy back!

[hatfullofsky] 28/2/2019 09:19

LONDON (Alliance News) - Moody's Investor Service on Wednesday affirmed gaming technology firm Playtech PLC's Ba2 rating and stable outlook.

Moody's also issued a Ba2 rating to the company's proposed EUR350 million senior secured notes, which are due in 2026. The proceeds of these notes are to be used to refinance its EUR297 million convertible bonds due November 2019, as well as for transaction feeds and general corporate purposes.

Once the bond refinancing is complete, Moody's expects Playtech to have around EUR297 million of cash available, adjusting for a number of factors such as its EUR272 million loan due in April 2021, which is currently undrawn.

Moody's affirmed Playtech's Ba2 corporate family ratting, its Ba2-PD probability of default rating, and the Ba2 rating of the EUR530 million senior secured notes also issued by the company.

According to Moody's, while the refinancing is "broadly leverage neutral" at around 2.6 times, it will weaken Playtech's liquidity, raising its interest cost by between EUR14 million and EUR15 million.

"The group is more weakly positioned in the Ba2 category compared to when Moody's assigned the first time ratings in October 2018, due to a deteriorated trading environment and limited visibility as to the extent Playtech will be able to mitigate these various downside risks with cost optimization measures and a new commercial strategy," Moody's said.

Looking ahead, Moody's expects that Playtech's credit metrics will weaken in 2019 as a result of, among other things, high competition in Asia, a rise in gambling taxes, and other regulatory measures in the UK and Italy.

For this reason, Moody's is forecasting that Playtech's gross leverage will trend toward 3.0 times, with and "cash flow generation turning negative provided that the Italian sports betting licences are renewed in 2019".

"Moody's positively notes that the group renegotiated the Sun Bingo contract and expects it to become profitable in 2019 and signed a new long-term agreement with GVC Holdings PLC. Under the agreement, Playtech will provide its services and products to all GVC brands, in existing and new markets, representing an extension in scope and duration to the current arrangements," Moody's said.

[maddog68] 28/2/2019 08:51

I bought in yesterday at 431 looks expensive now.