Playtech Share Discussion Threads

[wish i wasnt in rbs] 11/3/2021 18:04

Mo is dodgy and the deal has dodgy written all over it.

[hatfullofsky] 11/3/2021 16:01

Been in and out since Aug 2018, sold out today.

Good luck all

[nod] 11/3/2021 10:35

The proposed sale doesn't pass the Sniff Test.

[farrugia] 11/3/2021 08:20

i think they overpaid for their stockbroking services and they are doing a mistake by selling it. Finalto has the same potential as Plus500 - hope they at least try to get a decent price.

[the white house] 11/3/2021 08:17

Worst name change in corporate history. Why bother. And timing not much better given increasing share action across the world Booming 1/2 to monster 221m write down and failed sales under both namesMaybe a 3rd change to DiscontinuO or BadtimingO, now finalto is anything but

[farrugia] 11/3/2021 08:08

to be honest i still sold here - want to see what happens.

[hatfullofsky] 11/3/2021 08:03

Farrugia,

The one positive is that net debt has decreased, but the cash generation is distorted by €115m exceptional gain)

Gross Cash €651m (includes €300m RCF drawdown)
Gross Cash €342m v €271m (inc €50m from land and €65m save from cancelled divi and buyback)
Gross Debt €1,182m
Net Debt €531m v €600m

€50m cash from sale of land
€65m save from cancelled divi and share buy backs

[dr biotech] 11/3/2021 07:59

Lots of different figures to choose from. Key is (2) the figures including finalto, 310m vs consensus 300 (before jan update). Not sure how the market will take it though.

[farrugia] 11/3/2021 07:52

"Playtech continues to be cash generative and delivered operating cash flows of €366.9 million (2019: €320.9 million), with adjusted cash conversion of 89% (2019: 79%)."

[hatfullofsky] 11/3/2021 07:38

Should have taken more off !!!!!

Rev €1bn (inc Finalto, all other numbers exclude Finalto)
Adj EBITDA €253m -32%
Adj PAT €27m -80%
PAT -€73m -230%

Finalto / Trade Teach €221.3 million impairment charge

[hatfullofsky] 10/3/2021 17:10

I took some off the table today at 514.48. You never know with PTEC's results but hoping for a stellar update tomorrow and confirmation of the sale. I'll buy back in if there is a significant dip

[hatfullofsky] 10/3/2021 17:08

Lots of chunky late reported buys gone through :

7k @ 514
11k @ 514
5k @ 514
35k @ 513
30k @ 514
10k @ 515
8k @ 514
4k @ 513
37k @ 512
4k @ 514
30k @ 514

[ali47fish] 10/3/2021 09:52

there is an update tomorrow i think- what poeple here are expecting -been doing well lately!

[farrugia] 09/3/2021 20:56

Online gambling in Italy continues to grow with an average of 6% per month and a whopping 99% year on year.

[nod] 06/3/2021 01:25

Is the sale of our financials division a stepping stone to an 888 bid? PTEC is definitely undervalued making a bid difficult at this time.

[farrugia] 05/3/2021 12:42

Playtech pens strategic deal with Novomatic Americas



Interesting observation finkie!

[finkie] 04/3/2021 11:35

could this lead to an 888 PTEC tie up? Both are vulnerable to a bid so why not!

[farrugia] 03/3/2021 19:23

Playtech appoints 888’s Mattingley as new chair

[farrugia] 03/3/2021 08:32

Brian Mattingley - that's the guy who has overseen 888's resurgence if i'm not mistaken. Playtech at 1.54 billion is one of the few bargains left in the online gaming industry.

[nod] 03/3/2021 05:34

Playtech has cleared the first hurdle in its goal of developing a real money game based on the popular game show ‘Who Wants to be a Millionaire?’

The iGaming supplier announced this week that it has secured an agreement with Sony Pictures Television, giving them the rights to use the game show’s brand for its future releases.

[hatfullofsky] 02/3/2021 22:39

Bagged a new chair from888 if sky are to believed

[john09] 02/3/2021 10:29

Flutter CEO on Sky News in a few mins for those that are interested

[trentendboy] 22/2/2021 07:33

Highly likely - good move for ptecPtec management just off the pace recently

[harry the haddock] 16/2/2021 14:31

suggestion on GAN board that PTEC have 'bought the work' in order to get a foothold in U.S.
Surprisingly muted reaction from the markets, to what is surely good news