Playtech Share Discussion Threads

[undervaluedassets] 24/7/2015 11:13

For once the motley fool have got it spot on here.

Ptec is the most canny and well diversified play in the gambling arena

[nod] 24/7/2015 08:17

Hold onto your hats...RNSSeparately, Playtech has committed to subscribe for approximately 22.9% of the 9.99% equity placing announced by Ladbrokes earlier today.Mor Weizer, Chief Executive Officer of Playtech said:"Both Ladbrokes and Coral are key licensees of the Group and we have been delighted to assist Ladbrokes in the turnaround of its online operations, again demonstrating the strength of Playtech's turnkey offering. We look forward to continuing our strong long term relationships with both groups and expect to play a key role in their future success, both before and after their proposed merger."

[nod] 22/7/2015 00:34

I think we will be seeing frequent new all-time highs :))

[nod] 21/7/2015 06:31

It gets better ...Playtech (LON:PTEC) Rating ReconfirmedEquity analysts at Citigroup have GBX 1125.00 PT on Playtech (LON:PTEC). Citigroup's PT would suggest a potential upside of 23.83% from the company's last stock price. The rating was shown in analysts note on Monday morning.

[manics] 20/7/2015 11:51

I would have said following results though it appears could be before at this rate...

[mike740] 20/7/2015 11:08

20
JUL
2015
Playtech PLC 16.4% Potential Upside Indicated by Deutsche Bank
BY AMILIA STONE BROKER RATINGS

Playtech PLC using EPIC code LON:PTEC had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. Playtech PLC are listed in the Technology sector within UK Main Market. Deutsche Bank have set a target price of 1040 GBX on its stock. This would imply the analyst believes there is a potential upside of 16.4% from today’s opening price of 893.5 GBX. Playtech PLC LON:PTEC has a 52 week high for the stock of 903.74 GBX while the 52 week low for the stock is 597.5 GBX.

[mike740] 20/7/2015 07:53

20 Jul 2015 Playtech Ltd PTEC Deutsche Bank Buy 891.00 891.00 950.00 1,040.00 Reiterates

SP TARGET 1040p

[nod] 19/7/2015 12:07

FT Alphaville has another article on Plus500 raising some questions about its value, size, operations and risks.Plus500: close but not closedShareholders of Plus500, the London-listed but Israel based contract for difference broker, this week voted to approve its sale to PlayTech, the Isle of Man registered but London-listed gaming group controlled by Israeli billionaire Teddy Sagi.As Plus500 is incorporated in Israel it is not subject to the takeover code, so there is no merger document online. However the merger arbitrage team at Makor visited Herbet Smith Freehills to take a look at the document, and found there are some other consents needed:http://ftalphaville.ft.com/2015/07/17/2134702/plus500-close-but-not-closed/

[nurdin] 18/7/2015 14:06

Trade FX,Plus and Ava should make a strong nucleus for attacking the CFD vertical market.Looking forward to brokers estimates once the acquistions are complete

[nod] 18/7/2015 05:23

Odey Drops Opposition to Playtech’s $715 Million Bid for Plus500

Bloomberg
July 17, 2015

Crispin Odey dropped his opposition to the 459.6 million-pound ($715 million) sale of Plus500 Ltd. to Playtech Plc, a deal he said last month “materially undervalues” the Israeli trading platform.

The 400 pence a share offer from the online gambling company won 93.4 percent approval at a meeting of investors in London, Plus500 said in a statement on Thursday. That indicates the company’s largest shareholder, Odey Asset Management, didn’t use its 20 percent stake to oppose the deal. A spokeswoman for Odey declined to comment.

Odey said in June it intended to vote against Playtech’s bid and signaled it would welcome higher offers. The firm increased its stake as Plus500 lost more than two thirds of its value in May after the U.K. Financial Conduct Authority ordered some customer accounts to be frozen in a review into anti-money-laundering controls.

“It’s a fair price given the increased scrutiny,” Plus500 Chief Executive Officer Gal Haber said at the meeting. Other bidders “had time to make an offer, which they didn’t.”

Plus500 unfroze all but five accounts last month and said last week it had “agreed revised procedures” for checking customer details and would be able to accept new U.K. clients from August.

The takeover is dependent on antitrust and regulatory clearance. Playtech plans to hold a meeting to seek approval from investors, it said in a separate statement.

Plus500 won enough support from shareholders to approve the deal before Odey voted, Chairman Alastair Gordon said. James Spalton, an analyst at Odey Asset Management, declined to comment on how his firm voted at the meeting.

‘Shop Window’

Plus500 didn’t get a better offer than Playtech’s after a “six or seven week period in which this company has been in the shop window,” Gordon said.

Even so, some investors at the meeting voiced anger that the company was being sold below the 750 pence at which it closed in London trading on May 15 before it disclosed the FCA probe.

“You’re selling the company for buttons,” Leslie Young, who said he lost a “six-figure sum” investing in Plus500, told the board at the meeting. “The way you’ve treated the shareholders is an absolute disgrace.”

The company “has nothing to apologize for,” Haber said on the sidelines of the meeting. Any criticism is “absolutely not fair” because stock was sold at 115 pence a share at its initial public offering in 2013, he said. “We made shareholders four times their money.”

[mike740] 16/7/2015 21:46

Positive post manics.

[nod] 16/7/2015 21:24

I thought a key factor in the decline of the UK High Street were the very high council rates making it difficult for small independent retailers to make a profit so they are forced off the High Street to side streets. This has been going on for over 30 years. Surely councils can control their high streets by having council rate bands to attract the type of businesses they want.

PwC published some analysis recently.

"There were 953 net closures in the first half of 2012. That period saw a peak of more than 20 store closures a day, falling to 18 a day a year later and 16 a day in 2014.
But fewer stores opened in the first half this year meaning net closures compared to 2013 grew.
Analysis of the figures showed the changing face of the high street with betting shops, coffee outlets, banks, pound shops, charity shops and convenience stores on the rise, together with American-style eateries including diners and upmarket burger bars.
But video libraries were wiped out while fashion retailers, building societies, pawnbrokers and mobile phone shops all suffered.
Mike Jervis, insolvency partner and retail specialist at PwC, said he expected chain retailers to continue taking a cautious approach to town centres with shorter-term leases and more temporary "pop-up" type formats.
"The overall drop in store openings may look surprising given UK growth prospects but at a macro level, it is most influenced by shifts in retail business models from purely high street to multi-channel," he said
"The expanders are still the charity shops, the discount stores and supermarket convenience outlets."
Mark Hudson, retail leader at PwC, said: "This data shows that we are now really starting to see the full effects of the digital revolution and consequent change in customer behaviour play out on the high street.
"Although the rate of growth of online sales is slowing, it still far outstrips store sales growth for most retailers, from a much higher base.

Read more:

[mike740] 16/7/2015 16:58

1100 to 1300 in 12 months will do me.

Always chance of a bid being so cheap aswel.

[togglebrush] 16/7/2015 16:51

RNS Number : 2843T
16 July 2015 : 14.42
'
Update on acquisition of Plus500 Ltd
'
Extract
'
delighted to have secured the support of Plus500's shareholders

[manics] 16/7/2015 13:10

I think the whole market is at around 15 right now, and it ain't all built like PTEC now is it? A 20 (well, +20) PTEC is therefore rational in my view.

[manics] 16/7/2015 09:25

Yep forward PE of 16 on a +25% growth rate? Should be +20 imo.

[mike740] 16/7/2015 09:10

PTEC Playtech broken out in the last few days looking very strong, cheap for a tech aswel, forward P/E of 16 to 2016

[manics] 14/7/2015 14:50

So, will it do a tenner this year?