Playtech Share Discussion Threads

[wolfhound1] 31/1/2022 11:16

Tree shake by MM to make easy money off pi's.

HK crew will have to show their hand at some point, not going to want carry paper losses indefinitely and Aristocrats have set floor on value at 680p. That said, we know share price based on breakup value has further to go, so maybe Aristocrats will revise offer accordingly, get 51% majority and then execute breakup.

I am happy to sit tight and watch it unfold

[bulltradept] 31/1/2022 10:56

Are aristocrat getting cold feet?

[wolfhound1] 28/1/2022 13:37

Maybe Chinese NY next week will see a bid from HK group ?

[outsizeclothes.com] 28/1/2022 12:22

Just voted to accept the £6.80 offer for the 6k shares I bought last week.
Every little helps !

[cambridgedon] 28/1/2022 07:57

Thanks!
CD

[the white house] 27/1/2022 19:14

2nd decent Commentary article I missed earlier...says Peel Hunt price up break at 715p (putting SNAI in at 1bn where I have 1.5bn so...)

[the white house] 27/1/2022 16:12

read paper earlier and only items of note were the some of Chinese had agreed to side with Jordan then suddenly changed their mind and one analyst said arusticrac may opt for 50pc deal which would pass. Split and sell in 2 parts possibility

[cambridgedon] 27/1/2022 15:39

please can someone post The Times article about Playtech.
CD

[the white house] 26/1/2022 07:57

Good spot, tepid RNS supporting 680p offer maybe indicates the top boys keep their jobs, on double pay, as the Aussies need them...(see Billy Hills and Caesar)Think the speculation may in part be driven by the recent buyout cost of Sisal by Flutter that puts SNAI in at a far higher valuation than previously indicated and break up could see 800 or 900 reachable Upside only, 40p (or more)

[w1lbur01] 25/1/2022 21:25

https://news.sky.com/story/playtech-explores-1632bn-break-up-as-crunch-vote-looms-on-aristocrat-deal-12525353 Playtech explores £2bn break-up as crunch vote looms on Aristocrat deal

[the white house] 25/1/2022 15:54

Better, againIndustry action with ex London listed Gamesys now part of Ballys receiving an offer to buy in US. Software/knowledge/talent the target

[wolfhound1] 25/1/2022 12:25

Have a read of below link re blocking rights, you can own 74.9% but can't guarantee you will get special resolutions passed, no listed co wants this kind of issue hence why they want 100% ideally but at least 75%



hxxps://www.netlawman.co.uk/ia/shareholders-rights#:~:text=It%20follows%20that%20shareholders%20holding,by%20the%20Companies%20Act%202006.&text=These%20rights%20cannot%20be%20reduced,any%20agreement%20between%20the%20shareholders.

[outsizeclothes.com] 25/1/2022 11:32

Having bought 6k shares @ £5.85 av. on Friday after looking at this, and having looked at the offer, - unless I am missing something huge Aristocat are free to buy whatever number of shares that they can, either at the offer or in the market.
If they can get ownership of 50.1% of the Company they then can call the shots with regards to how the Company is run, and it's future.
I can't see anything that says "if the takeover offer at £6.80 isn't accepted by 49.9% of shareholders, you are not allowed to buy ( 50.1% ) of shares either in the market or directly from willing shareholders at that price or below"
Having made the offer to every shareholder, why would anyone stop them buying 50.1%, and thus taking control of the Company, if not it's complete ownership ?

[the white house] 24/1/2022 14:31

Still think aristocrat do not want the SNAI Italian book. Reckon they just want to be the biggest software co Worldwide and will sell coalface stuff off to entain/Ladbrokes, or somesuch, to add to their own estate. SNAI sell off will make rest dirt cheap

[the white house] 24/1/2022 14:26

Nah, all and anything up to 679 is just sensibleHK have paid more and they are no mugs so any eventual holding purchased now that they may buy off you (aristocrat) would pay off

[wolfhound1] 24/1/2022 14:19

Hi outsize,

I suggest having a read of the fineprint, from memory takeover needs 75% approval from shareholders, standard as in UK company law you often need 75% ahareholder approval to pass desired changes.

Hence why the HK crew have a blocking vote with 28%

[wolfhound1] 24/1/2022 14:09

Cos share price would spike almost immediately
and it would telegraph to HK that Aristocrats are desperate to buy at any price......

[outsizeclothes.com] 24/1/2022 13:54

Hi Wolfhound
Why?
What could 'rebel' shareholders object to?
The Aristocat offer has been made, as far as I can see, in accordance with all the rules.
Any shareholder can refuse their offer, but that's the shareholders prerogative / "fault".
Surely it's only an issue if it comes to not having enough shares to make offer acceptance mandatory, and in that case you as the Takeover Company just live with minority shareholders ?

[wolfhound1] 24/1/2022 13:41

I could be wrong here but I suspect if Aristocrats did as you suggested they would be open to a class action in relation to the does and don't of the takeover code, by shareholders alot of whom have deep pockets to fund litigation

[outsizeclothes.com] 24/1/2022 13:41

What if Aristocat sticks with it's 680 bid, gets 50.1%+ acceptances, and takes control of the Company anyway?
They'd have the running of the Company, only with minority shareholders, inc. a 29% / 30% shareholder, who would get whatever divvys going forward, but who could surely not influence decisions ?

[the white house] 24/1/2022 13:15

or, are they working WITH Aristocrat & their picking up shares has ensured that Aristocrat will win and will pay 680p for most of the shares are over by a bit for the rest. Cheaper than 750 for all or 800 for overbidAristocrat may think that this was such a bargain that spoiling a rival bid was worth it. lightweight Eddie pathetically backed off as soon as he he started Either way 680 is a min & the board should not have been so negative in putting doubt in peoples minds. Is was going to a vote and still will so they should have said that alone and not speculated on intentions of any holders

[wolfhound1] 24/1/2022 12:07

I agree, apparently would not engage with JKO who were expected to offer 750p+ so there is a different game in play here, I am hoping they pop a bid on 1st just ahead of meet somewhere. north of 748p+
GLA

[pck76] 23/1/2022 12:06

I don't think at this level people do things randomly, I think the plan was always to block the aristocrat bid, and (i assum) take it private

[dr biotech] 22/1/2022 13:25

Article in the times doesn’t really add a lot, mentions some may have paid up to 740p.

Motives aren’t sure, also suggests Jordan’s group may have had difficulty funding.

Also apparently accepted they are not working in concert.

Given the steep drop, they may now see the original offer as the best way to cut losses.

[shaker44] 22/1/2022 11:40

Maybe to take it private on the cheap and float it in a few years at a handsome profit. Dunno