Playtech Share Discussion Threads

[nod] 01/6/2015 09:42

TEB, put it another way it is 3 times the listing price of 115p. Not a bad profit in less than 2 years. Plus500 owners have done very well indeed. I'm sure Sagi will know these guys from the same hood as himself.

[stephan1946] 01/6/2015 08:31

Maybe teddy thinks 888 will get bpty and has strengthened his in house payment operation to match 888 with kalixa. a guess, nothing else.

agree with you teb.

[trentendboy] 01/6/2015 08:13

Impressive timing. This is seriously opportunist.

Half the price of a couple of weeks ago. This has to be a good deal apart of course from all the dodgy stuff.

Well done to Tedi. This is how to ru a business but due diligence is essential of course.

On balance I like it.

[stephan1946] 01/6/2015 08:04

Teddy is nothing if not very brave, this is going to interesting.

[dlku] 01/6/2015 07:49

Playtech might buy XLM shortly after PLUS bid

[longwell] 01/6/2015 07:45

both, would have looked at problems before or as part of due diligence, must have been on the cards for some time and taking advantage of the situation.

[manics] 01/6/2015 07:32

So have PTEC just jumped on a bargain or a hot potatoe?

[trentendboy] 21/5/2015 16:24

Cannot help thinking that PTEC might even bring their payment processor in house as another bolt on. Would be relatively small change

[nod] 21/5/2015 09:41

I have read a few articles that suggest Sagi is negotiating with Bwin. Is it Sagi or PTEC? The two often get confused.Perhaps Sagi is after some of the pieces that Bwin want to divest.

[nod] 20/5/2015 06:59

888 Holdings, Amaya Gaming, and Playtech Each Want to Buy Bwin.Party DigitalBwin.Party Digital Entertainment appears as if it is about to be sold and several of the top companies in the online gambling industry are lining up to become its next owner. 888 Holings, Amaya Gaming, and Playtech are all three rumored to be preparing to purchase Bwin.Party Group, which is one of the largest operators on the Internet.Jason Ader Might Facilitate PurchaseThe Bwin.Party sale might never happen. When the SpringOwl Asset Management hedge fund owner, Jason Ader, bought into Bwin.Party last year, that seemed to set up an eventual sale of the company to a rival in the industry. Despite many assumptions by Forbes and the Wall Street Journal, details of any bidding which has taken place has not been disclosed.Such a sale would be huge news in the Internet gambling niche. Before it left the US market in 2006, PartyGaming was the most valuable online gambling company on Earth. Five years later, when the online poker and casino company marged with Bwin, it helped form the biggest online gambling company in the world. Bwin was a well-known sports betting business, so the two parts formed a complete whole.Sports Betting Wing Is KeyIt is the sports betting legacy by Bwin which makes Bwin.Party such a valuable asset to any potential ownership group. Behind only Bet365, Bwin.Party is one of the largest sports betting businesses in the world. According to some sources, Bwin.Party might have a bigger European customer base than Bet365, though its rival has a more global scope.Amaya, 888, and Playtech's CompetitionInterestingly, Amaya Gaming is in a competition with 888 Holdings and Playtech to become a top player in the sports betting market. All three see that part of their international business profile as lacking, so they hope to complete the revenue-generating picture by purchasing Bwin.Party. If any did so, they could parlay that association into big money for their online casino and poker rooms by collecting a valuable player database. They could also drive customers back and forth from their various assets.888 Holding's PlansForbes recently reported that 888 Holdings, which owns 888 Poker and 888 Casino, is planning a straightforward buyout of Bwin.Party. So is Playtech, the Isle of Man gaming software company. Playtech is second only to Microgaming in the online gaming software industry, with hundreds of sites which they service. Amaya Gaming Partnering with GVC Holdings?Amaya Gaming, on the other hand, is trying to arrange a joint buyout alongside GVC Holdings. Amaya is said to be building a "special purpose vehicle controlled by GVC" that would allow GVC Holdings to own most of the company. Amaya Gaming, which bought PokerStars for $5 billion in August 2014, would be able to interface the PokerStars card playing community with the Bwin.Party sports betting community.GVC, which is described as playing in the "gray markets", has a history of such purchases. In 2013, GVC Holdings teamed with William Hill to buy Sportingbet. That purchase cost the companies $850 million. They split the operation, with William Hill collecting Sportingbet's operations in Spain and Australia, while GVC collected all of the unregulated markets Sportingbet continued to collect revenues from.Cherry-Picking Bwin.Party's AssetsThat would seem to be the plan between Amaya Gaming and GVC Holdings: buy the company and sell off its constituent parts. Like the purchase described above, the two companies likely would each take a portion of the business for their own interests.On the other hand, the reference to a "special purpose vehicle" might indicate a different goal in mind for the Amaya/GVC pairing. Whichever of the three bids wins out, that company should become a major competitor in the international sports betting arena.

[trentendboy] 15/5/2015 07:44

Tedi is very astute. The losses were massive so he is picking up excellent client bases and software platforms on the cheap.

Risky to get into this market but a great move IMO.

A very astute move

[nod] 12/5/2015 22:26

A little bit of profit-taking going on but I have to say that PTEC looks really strong. The share price rise over the past six months or so has been impressive - up around 35%I can see PTEC reaching the 1000 target by Christmas :)

[trentendboy] 01/5/2015 08:17

Agreed Nod - a nice new revenue stream and with such a massive market cap and cash reserves they are a formidable force in the sector

[nod] 30/4/2015 21:38

I like the 200% growth in the land-based sector. PTEC's investment in casino and bookmaker management systems should pay off. PTEC has the cash to throw massive amounts of resources at developing new products.

[nod] 30/4/2015 21:31

A big chunk of stock came on the market last Friday and that seems to have pushed the share price down this week. The revised broker targets and Buy notes this week are extremely encouraging and should bring in new investors.

[js_trader] 30/4/2015 09:04

Why the share price is dropping over the last few days? Despite of good results recently!!

[nod] 30/4/2015 03:32

Playtech PLC (LON:PTEC) had its target price lifted by Citigroup Inc. from GBX 955 ($14.49) to GBX 975 ($14.80) in a research note released on Tuesday morning. They currently have a buy rating on the stock.Revenue for the first three months increased to €134.9m, a rise of 31 per cent. Growth is continuing into the second quarter as daily revenues are rising by 25 per cent, the company said.Playtech has seen the increased sales despite the introduction of point-of-consumption taxation in one of its biggest markets, the UK.The best performer in the Playtech portfolio is its land-based sector where revenues rose 198 per cent to €8.3m. Revenues from the casino business rose to €55.4m, an increase of 28 per cent. The services unit climbed 27 per cent to €37.8m.

[trentendboy] 29/4/2015 10:11

Very good and I agree with the price target.

Massive market cap - they have to leverage that to get bigger quicker to become one of the real global powerhouses in this sector.

The ride should continue and the dividends flow

[nod] 29/4/2015 04:30

NOMURA RAISES PLAYTECH PRICE TARGET TO 994 (899) PENCE - 'BUY'UBS RAISES PLAYTECH PRICE TARGET TO 925 (875) PENCE - 'BUY'Analysts at Nomura lifted their price target on shares of Playtech PLC (LON:PTEC) from GBX 899 to GBX 994 in a research report issued to clients and investors on Tuesday. The firm currently has a "buy" rating on the stock. Nomura's price objective indicates a potential upside of 20.05% from the company's current price.Playtech PLC traded down 0.54% during mid-day trading on Tuesday, hitting GBX 828.00. The stock's 50-day moving average is GBX 786. and its 200-day moving average is GBX 708.. The company's market cap is £2.43 billion.PTEC has been the subject of a number of other recent research reports. Analysts at Goodbody Stockbrokers Ltd reiterated a "buy" rating on shares of Playtech PLC in a research note on Monday. Analysts at Investec raised their price target on shares of Playtech PLC from GBX 870 ($13.20) to GBX 900 ($13.66) and gave the company a "buy" rating in a research note on Monday. Analysts at Canaccord Genuity raised their price target on shares of Playtech PLC from GBX 840 ($12.75) to GBX 950 ($14.42) and gave the company a "buy" rating in a research note on Thursday, April 23rd.

[trentendboy] 28/4/2015 07:13

Indeed. Opay and sch going great guns still. Okay buying skrill shows consolidation there as well

[nod] 28/4/2015 03:51

While bookmakers are sometimes hit by a string of adverse results favouring the punters, this doesn't much affect the technology providers like PTEC or indeed the payment processors who are paid on turnover.

[nod] 28/4/2015 03:39

IC TIP UPDATES:Playtech (PTEC) has announced total revenue of €134.9m in the first three months of the year, up from €102.7m in the first quarter of 2014. The company boosted its revenues from developed markets by 40 per cent in the quarter, compared to the 34 per cent growth in the same period a year before. We keep our buy recommendation.