Playtech Share Discussion Threads

[the white house] 07/3/2022 13:47

Toe back in @ 570

[harry the haddock] 03/3/2022 16:53

jeez - what's happened here? Lost nearly 10% in the last hour

[the white house] 24/2/2022 08:08

Careful here, 111 jobs going in Kiev last time I looked

[wolfhound1] 21/2/2022 14:12

Agreed, that is where Hall comes in, he is in HK and I suspect these guys are all known to each other (if not acting in congress 😉)

[miti 1000] 21/2/2022 13:41

Agreed, but the CEO would presumably want to be reassured that the blockers of the original bid from Asia would presumably be happy to comply this time ?
And then post acquisition, ptec gets carved up to satisfy all parties from Asia.

[wolfhound1] 21/2/2022 13:38

Agreed, I read it that the financial backers wanted the continuity of knowledge of Playtech (Weizer and Hall) before finalising the cheque for bid

[miti 1000] 21/2/2022 13:32

Yes , hard to believe that the ceo would agree to side with potential bidders unless he was assured an actual bid will follow at well above 680p. Moreover he must be pretty sure that the HK investors are sold on the idea, surely ?

[wolfhound1] 21/2/2022 13:20

Interesting development on rns

Board confirming TT Bond offer is expected to be in cash and for more than Aristocrats, and now CEO Mor Weisz is getting involved with TT Bond group.. .

Update re: possible offer



On 3 February 2022, the Board of Playtech (the "Board") announced that it had consented to a request from TTB Partners Limited on behalf of an investor group to be formed and advised by it ("TTB") to release TTB from its restrictions under Rule 2.8 of the Code to allow a possible offer for the Company to be considered. TTB indicated to the Board in a letter dated 3 February 2022 that it expects any offer, if made, will be at a higher value than the recommended cash acquisition by Aristocrat Leisure Limited of 680p per share, announced on 17 October 2021.



Further to the recent media speculation, the Board announces that on 20 February 2022 it was notified by Mor Weizer, Director and Chief Executive Officer of Playtech, that he wishes to explore participating in the investor group formed and advised by TTB in considering a possible offer for the Company. Mr. Weizer and Thomas Hall, a former Director of Playtech, have approached TTB with their interest in participating in the investor group.



The Board will now form an independent committee consisting of the Playtech Directors excluding Mr. Weizer (the "Independent Committee") to consider all matters relating to any possible offer from TTB and any other M&A proposals Playtech receives. The Independent Committee is and will remain especially mindful of their obligations to Playtech stakeholders and the requirements of the Code.

[the white house] 15/2/2022 11:53

Ticking up....Chap with a decent enough name Rain Kivisik from Estonia (where Playtech have a couple of software centres) looks to have joined the action with just under 3pcSeparately highest ever of jobs going in the most locations ever.. inc 111 in Kiev for the brave

[wolfhound1] 11/2/2022 12:16

Interesting, so :

* Calipay worth $700mn+
* Finalto sold for $250
*Snaitec bought for $1bn in 2018
* net debt at sub £600mn

Gotta think why don't Board find a similar SPAC arrangement for the rump and catch rising tide on legalised online gambling in US...

[oggyrocks] 11/2/2022 08:16

Just for clarification, that figure is dollars.

I like this bit from the article.

The speculators are suggesting that if Caliplay — which is tipped to reverse into Tekkorp Digital, a special purpose acquisition company, or Spac — gets off to a flying start after its listing, Playtech’s stake could prove extremely lucrative.

[the white house] 11/2/2022 08:07

And there is. Lead article in the Times market report. Speculation that Caliplay which is tipped to reverse into SPAC Tekkorp Digital could provide Playtech with its 40pc stake worth 700m bucks

[wolfhound1] 10/2/2022 17:46

Feels like there is an expectation of news shortly......

[oggyrocks] 10/2/2022 16:31

Was thinking the same thing. Nice finish after several dull days.

[the white house] 10/2/2022 12:32

Sudden burst up away from the calmNo idea why but small overhang gone or that's maybe why Watch this space

[wolfhound1] 03/2/2022 22:24

I suspect Aristocrats might have something to say about TT Bond eating their lunch at 680p and making them look like mugs.... Gopher bid would have to have been 750p+......

I hope we will end up north of 850p+

[the white house] 03/2/2022 15:47

So, is this strategy pointing to a 680p finish or...TTBond could have gone over the top and bid 740 and paid that for the 75% odd they do not hold. No, they stop the bid at 680 and buy around that level with a few above 700 to get their 25% Now they can relaunch a bid at 680 ((knowing 55% + will accept) + their 25%) and thus save 75% @ 60p premiumClever (or what have I missed!?)

[the white house] 03/2/2022 14:59

Year of the TigerHopefully appropriate

[wolfhound1] 03/2/2022 14:42

Pleasure oggyrocks 👍, next week should be interesting once Chinese New Year celebrations are over and HK back to work

[oggyrocks] 03/2/2022 14:25

Thanks for clarifying those points 🐺 wolfhound.

[wolfhound1] 03/2/2022 14:02

@oggcrack, it seems nothing stopping them as long as Board allows, which they have, same for all others, we are far from done here I think, let the battle Royal commence, plus thanks to JKO there are new parties likely to be interested in component parts... so premiums to be had GLA

[outsizeclothes.com] 03/2/2022 10:27

Oooops ! Big fish that has got away !
Still, a profit is a profit !

[oggyrocks] 03/2/2022 09:54

Don’t think they can place another bid for 6 months now.

[wolfhound1] 03/2/2022 09:35

I am sure Aristocrats will be fuming on this news, and may launch a counter as soon as TT Bond shows its hand, let the bidding war begin

[the white house] 03/2/2022 07:42

Interesting stuffnever ending story I am hoping for a non speaking part as a long suffering message board punter when someone makes a film out of this