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PTEC Playtech Plc

461.40
-9.40 (-2.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Playtech Plc LSE:PTEC London Ordinary Share IM00B7S9G985 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.40 -2.00% 461.40 464.40 465.40 469.40 452.00 465.20 380,329 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 1.68B 87.6M 0.2882 18.84 1.65B
Playtech Plc is listed in the Prepackaged Software sector of the London Stock Exchange with ticker PTEC. The last closing price for Playtech was 470.80p. Over the last year, Playtech shares have traded in a share price range of 365.40p to 640.00p.

Playtech currently has 303,903,860 shares in issue. The market capitalisation of Playtech is £1.65 billion. Playtech has a price to earnings ratio (PE ratio) of 18.84.

Playtech Share Discussion Threads

Showing 4951 to 4973 of 5500 messages
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DateSubjectAuthorDiscuss
12/7/2021
14:42
Weak, delaying voteShare price lowest for 6 months because couldn't sell TradeTech twice and now these aftertimer chancers turn up late to the funeral. Sell and move on
the white house
09/7/2021
17:10
Took just the 7 days to realise that they were 9m off the case with their bid. Clueless
the white house
07/7/2021
10:34
too late, pathetic timing, had 2 years to buy the house and get Jiggy after it has been exchanged to someone else. NO credence, best to ignore and move on
the white house
06/7/2021
11:47
they need to consider the new offer - it is material!!
farrugia
06/7/2021
08:40
Advisory group backs Gopher Investments’ bid for Playtech’s Finalto
5th July 2021 | By Nosa Omoigui

Advisory body Institutional Shareholder Services (ISS) has recommended shareholders vote against Barinboim Group's $185m offer for Playtech’s financial trading division Finalto, in favour of a proposal from Gopher Investments.

ISS changes voting recommendations over Playtech's Finalto sale
ISS had previously been in favour of the offer from Barinboim, which was worth up to $210m depending on certain clauses being met, before Gopher Invesments made a $250m counter offer on Friday.

Voting against Barinboim’s original offer will free Playtech’s board of any obligation they have to Barinboim, thus paving the way to continue negotiations with Gopher Investments.

ISS advised Playtech’s board to vote against the proposal, citing the board’s inability to engage with third parties, the lack of urgency to sell the business, and the undervaluation of Barinboim’s original offer.

A statement from ISS said: “This offer (from Gopher) represents a material premium to the $185 million offer (plus contingent consideration) from the consortium that signed an agreement with Playtech.

“Gopher asserts the offer will be financed from funds which are immediately available and that it is prepared to perform only limited due diligence, anticipated to take no more than three weeks, before seeking to enter into a fully binding offer for Finalto on terms that are materially equivalent to those entered into with the Consortium.

Playtech initially struck a deal with the heavily-backed Barinboim Group back in May after lengthy negotiations.

libertine
06/7/2021
08:36
Gopher Investments Responds to Playtech’s Statement Regarding Gopher’s USD 250 Million Offer for Finalto
July 06, 2021 04:27 AM Eastern Daylight Time
HONG KONG--(BUSINESS WIRE)--NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Gopher Investments (“Gopher”;), a 4.97% shareholder in Playtech plc (“PlaytechR21;), today issues the following release to clarify certain statements made in Playtech’s announcement (the “Announcement”) on 2 July 2021 that Gopher believes do not fairly reflect the offer letter Gopher presented to the Playtech Board on 29 June 2021.

Financing

As mentioned in Gopher’s letter on 29 June 2021, it has already allocated and ring-fenced cash funds of USD 250 million available for immediate drawdown.

Negotiation of key terms

Gopher notes that it has reviewed the sale and purchase agreement in place for the Consortium’s offer and envisages entering into an agreement on materially equivalent terms. As such, it believes transaction documentation can be entered into very quickly, and it does not anticipate any need for negotiation of key terms or commercial discussions on the transaction documents.

Regulatory approvals

Gopher has already conducted a preliminary assessment of necessary consents and is confident that it would receive approval in each jurisdiction in a timely and efficient manner in each case.

As the Board noted in their Announcement, the Consortium’s offer remains subject to shareholder approval at the General Meeting and approval of regulatory authorities. There can, therefore, be no certainty that the Consortium’s offer will proceed to completion.

General Meeting and next steps

Gopher urges the Board to adjourn the General Meeting, due to take place on 15 July 2021, and engage in discussions with Gopher to proceed towards a recommended transaction that delivers materially better value to Playtech’s shareholders. An adjournment of the General Meeting for a short period of time does not preclude the Board from proceeding with the Consortium’s offer and provides both the Board and shareholders with optionality.

Should the General Meeting proceed, Gopher urges shareholders to VOTE AGAINST the Consortium’s offer, which is in line with ISS’s voting recommendation, updated on 5 July 2021.

libertine
04/7/2021
20:39
Article in the weekend times. Can’t post link but was very positive.
oggyrocks
03/7/2021
09:23
Seems the board want to sell finalto to their mates rather than listen to a potentially much higher offer. TT bond partners look a credible outfit.
dr biotech
02/7/2021
19:34
Good spot,Too little, too late sums it up, best ignored as likely pull out like everyone else did. If they had any LG real interest they have had 2 years to show it..time wastersBizarre that it was dated 29 June & 3 whole days trading passed by without an RNS, shameful, clearly it had leaked all day
the white house
02/7/2021
18:31
has anyone seen the rns about finalto announced this late afternoon?
ali47fish
29/6/2021
08:42
Is this a bad thing? It's tanked since.
priteshpatel9
28/6/2021
06:56
2 institutional investments today by the look of it
ali47fish
24/6/2021
20:05
EGM, or GM, as they they call it for sale of TradeTech...End of an era, thankfully
the white house
23/6/2021
08:04
Good news, some SNAI betting shops have started reopening in the past week or so with others in next couple of weeks as different regions relax restrictions.
the white house
22/6/2021
14:47
Caesars has strong ties with Playtech
the white house
22/6/2021
14:46
Caesars and Hills are big in Canada, hence Caesars up also right now
the white house
22/6/2021
14:42
For the record the 9m share buy was not mineCanada are signing off single wager sports betting at this time, their time ..
the white house
22/6/2021
14:16
Huge volume today.
priteshpatel9
22/6/2021
13:57
Not sure why that game is particularly popular, has a similar look to many others they already have. I played a few games when I looked into playtech (I am a complete low roller) - find them all a pretty souless experience and much of a muchness, though the playtech games tend to work better on my ipad than others. This compatibility was one of the reasons I bought in and continue to hold.
dr biotech
21/6/2021
14:37
New game launch, Sahara Riches Cash Collect, has gone straight into being their 2nd most popular Adding on whim
the white house
15/6/2021
12:15
white house what is monster and amc - please clarify! and even Mor!
ali47fish
15/6/2021
10:19
Nice tie up with Monster, Monster AMC announced yesterday
the white house
04/6/2021
11:57
It's the 100m giveaway aka trading capital that is the bitterest pill, as Paul, Rick and Bruce would sayStill, going forward this is a complete one way betAdded Mor
the white house
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