Playtech Share Discussion Threads

[nod] 15/7/2019 06:33

JP Morgan's update widely reported in finance sections over the past few days.

JPMorgan Cazenove started coverage of Playtech, the online gambling software provider, with an “overweight” rating and December 2020 price target of 603p. “Structurally, Playtech’s platform represents a defensible competitive advantage that we believe is practically impossible to replicate,” it said.

[onjohn] 12/7/2019 14:18

XLM breaking out
Chart is so ripe to gallop higher
Zakm says 91p in 2 to 4 weeks

[amadeus888] 11/7/2019 08:27

US market is opening up and majority of PTEC's revenues are in regulated markets and pays a good dividend."Proportion of regulated revenue increased to above 80% in FY 2018; 54% in FY 2017"

[shaker44] 10/7/2019 09:45

Thanks Trent. Nothing to disagree with there. I am probably underweight Gan and surprised that they haven't been pushed higher as they seem to be in such a sweet spot for a company that size. Not sure if overlooked of if a lack of trust in BoD for some reason. They look seriously undervalued to me.

[trentendboy] 10/7/2019 08:18

Shaker - PTEC have considerable contacts with GVC for one thing

PTEC operate globally

But yes, growth sector with strong defensive qualities - what is not to like

Hold all the same except no PLUS.

888 are massively oversold IMO - they will be TO soon IMO a could be good returns.

Same with Hills that I hold. PTEC are oversold also IMO and good yield at these prices.

However, I am most overweight on GAN and GVC. GAN has massive potential to double in a year. GVC good yield and very well run despite the KA sniping.

[shaker44] 10/7/2019 06:14

Jeffries just upgraded ptec target to 570p, citing reducing risk, simpler business, balance sheet strength and strong online positioning.
Hope they call it right!!

[shaker44] 10/7/2019 05:21

Why would it??

By the way Trent I think,like me, you hold or watch various 'gaming' stocks. I bought most as I thought relatively recession/brexit immune compared to many other sectors. But watched healthy profits turn to unhealthy losses as the regulatory regime stiffened.
So I hold 888, GAN, GVC,PLUS and PTEC, and I wonder what proportions you would hol these in today as I feel I should rebalance. Psychologically, none.of us like taking losses, but sitting on my hands as this all unfolds doesn't feel right.
Any views and reasons for them will be very welcome as you seem to have a good grip of this sector. 888 smallest holding, ptec far far bigger.

[trentendboy] 09/7/2019 19:07

I wonder if fall following GVC

[amadeus888] 09/7/2019 15:39

440 is acting as a major resistance point. Sniffed above it for a short while. IMO opening of the US market will see this higher.

[trentendboy] 02/7/2019 06:07

Indeed - still holding a sizeable numberThe Chiba stuff knocked profitsHopefully that decline has been halted and even reversed

[nod] 02/7/2019 04:18

The roll-out of PTEC systems for GVC was well-received and has pushed the share price up to the highest point since December. It was dark times for shareholders. Hopefully, we are coming into sunshine on the other side.

Playtech unveils details of new-look GVC casino partnership
GVC goes live with the supplier’s casino content in the UK, Spain, Italy, Georgia, Belgium and Greece



also
‘Deeper tech arrangement’ sees Playtech launch full casino suite across GVC properties

[trentendboy] 26/6/2019 10:44

Following the signing of a long-term partnership between the two companies earlier this year, the UK, Spain, Italy and Georgia have become the latest markets in which GVC has launched Playtech’s content on its legacy brands. This includes bwin, Sportingbet, partypoker, PartyCasino, Foxy Bingo, Foxy Casino and Crystalbet.

In the UK, bwin and Sportingbet will also launch an exclusive casino tab, which is already offered on GVC’s UK-facing Ladbrokes and Coral brands.

Playtech and GVC’s partnership is also live in Belgium and Greece, where GVC holds a casino license for its Sportingbet and Vistabet brands, while Playtech will partner GVC’s Betboo brand in the Brazilian market, building on the supplier's omni-channel presence in Mexico and Columbia.

“This programme of key launches represents the first stage of what we believe will be a significant, long-term partnership with GVC,” said Playtech chief operating officer Shimon Akad. “GVC’s desire to bring Playtech’s products and services to all of its customers across its portfolio of leading brands underlines Playtech’s position as the preeminent technology partner in regulated and fast-growing markets.

“We have a longstanding partnership with GVC and we are pleased to see it grow. This deal is a real testament to the hard work of all our teams, especially the innovation of their content and services.”

GVC co-chief operating officer Shay Segev added: “Our strategic partnership with Playtech goes from strength to strength, driving growth in both of our businesses. Playtech’s content has already proved hugely popular with our customers where it is already live and we look forward to rolling it out in further markets over the coming months.”

The coming months will see the partnership continue to expand with launches in further regulated markets in 2019 and into 2020.

Shares in Playtech plc (LSE:PTEC) were trading up marginally by 0.42 per cent at 403.70 pence per share in London Wednesday morning, while shares in GVC Holdings plc (LSE:GVC) were trading at 622.00p.

[onjohn] 10/6/2019 09:58

Looks v v good

[shaker44] 04/6/2019 16:42

I web credited div 31/5

[mozy123] 04/6/2019 16:36

Yes HL credited the divi

[jbarcroftr] 04/6/2019 16:34

Has anyone got a dividend?

[nod] 18/5/2019 22:50

Over 40% of shareholders voted against the revised Remuneration Policy, indicating a high level of unrest within IIs"Since last year's AGM the Company has conducted an extensive shareholder engagement and consultation process on remuneration. As a result of this process, and reflecting shareholder feedback, we made a number of changes to the Company's Remuneration policy and approach. With the majority of shareholders voting in support of the new Directors' Remuneration Policy and the Directors' Remuneration Report, we believe the results reflect significant progress."

[johnrxx99] 15/5/2019 10:15

A solid update with noted weak bits. It appears the strong board changes will get a tick from the market II's.

[bulltradept] 15/5/2019 07:44

That update wasn't great then was it.

[maddog68] 10/5/2019 09:56

Back to 440 dream on.

[opodio] 10/5/2019 08:14

Back to 440

[trentendboy] 09/5/2019 20:16

That explains it - extra taxes will hit UK operatorsMissing the wider ptec markets