Playtech Share Discussion Threads

[tomv33] 17/9/2020 08:52

Have they got enough money to buy GAN? GAN's current market cap is over 480million? Can they afford it?

[farrugia] 17/9/2020 08:45

NetEnt was sold to Evolution Gaming in a $2 billion online casino deal just a few months ago and they don't have financials or bingo or poker or online or retail sports!!! How much is PLAYTECH really worth??? I used the pullback as a buying opportunity.

[malcolmmm] 17/9/2020 08:44

Couldnt resist , bought more on the 10% drop, hopefully they will recover latter looking at the trades

[nod] 17/9/2020 08:42

At the risk of sounding like a broken record ... PTEC need to get rid of the unregulated Asian business. It may be easy money (in the good times) with good margins but it's like an albatross necklace. Serious ups and downs and probably a major distraction to management who should be focusing on growth in legalised markets. The "unregulated business" handle has always been a negative for PTEC.

[trentendboy] 17/9/2020 08:41

Results not so bad with Italy open again and sports events back onRecovery will be quick

[tomv33] 17/9/2020 08:13

I would say after morning panic sellers we could see many buys at 10% lower

[malcolmmm] 17/9/2020 08:11

Am well up on these so will hold as there is a lot going on here

[hatfullofsky] 17/9/2020 07:26

Headlines are awful but if you dig a little deeper ... Op Cash €254m v €142m !!!!!

"Strong trading and cash generation in July and August, albeit with a stronger July"

IGG just reported 62% growth in the Qtr to Aug

[nod] 17/9/2020 07:12

Trade Tech EBITDA up 544%

[dr biotech] 17/9/2020 07:11

Well I was hoping for better...

[onjohn] 16/9/2020 20:18

Maybe they’ve sold tradetech :)

[hatfullofsky] 16/9/2020 19:03

Good statement from Plus today, strange reaction but shows Trade Tech will be doing well also. IG and CMC tomorrow may also report tomorrow, Trade Tech would make a nice bolt on for Plus or CMC.

[trentendboy] 16/9/2020 18:33

Whitehouse - so was it interesting the new page?Anything we didn't know?Still very long

[the white house] 16/9/2020 16:30

Long 398 June

[john09] 16/9/2020 15:30

Well what did it say

[the white house] 16/9/2020 15:25

Hold on I have some news ; the old website is back. New one must have been released too early, due am. Oops Guess who took a screenshot of number of employees and countries with offices. Suffice to say they will both be different tomorrow & I am not selling.....

[john09] 16/9/2020 14:05

I think we will get a “trading ahead” statement

[trentendboy] 16/9/2020 14:00

Results will be very strong imo

Trade tech will be strong relative to previous years

Perhaps news on the sale - would really help

Look for deal making news - they must be talking to Draftkings and others

[deanowls] 16/9/2020 12:37

Prob if your in Australia. Otherwise 7am

[hibberts] 16/9/2020 12:10

Results and webcam tomorrow at 9pm.

[trentendboy] 16/9/2020 10:34

I agree with this strategy - 450 seems a good early target

[malcolmmm] 16/9/2020 09:46

I also own DraftKings good articles on SCSW on PTEC last month etc. Hopefully a buyout by DraftKings sometime

PLAYTECH'S JASON ADER MAKES CASE FOR TAKEOVER BY DRAFTKINGS
(Sharecast News) - Playtech investor, Jason Ader, believes that DraftKings should make an all share acquisition offer for Playtech.
In remarks to Bloomberg, on 14 October, the longtime casino-industry investor said he would propose just that if he were on the board of DraftKings, arguing that it would boost the company's profits while catapulting the market valuation of Playtech.

Ader holds just under 5% of Playtech stock and has good form in pursuing such transactions.

In 2016, he pushed for 888 Holdings to make a bid for Bwin.Party Digital Entertainment, where he was also a large shareholder.

The investor, also a co-founder of SpringOwl Asset Management, was also instrumental in the recent merger between Stars Group and Flutter Entertainment.

He reportedly noted that Playtech generated earnings before interest, taxes, depreciation and amortisation of €383m in 2019, yet its market capitalisation was under €2.0bn, versus about €12bn for DraftKings.

In 2018 he also came out in favour of Playtech shifting its strategy to focus solely on its core gaming business.

Also last Friday, DraftKings chief executive officer, Jason Robins, said his company might be open to dealmaking.

"There could be some opportunities that perhaps would not have otherwise presented themselves, but might, given the events in the last few months.

[john09] 16/9/2020 09:30

Oooo Ill have a mooch

[the white house] 16/9/2020 09:22

Revamped website pre results ; some info there is incredibleAdded