Playtech Share Discussion Threads

[ali47fish] 27/8/2015 09:52

hi hutch

what bounce - i ve been reading the update and looking here for the reason of the share price being down and shore capital buy recommendation- i wanted to add to my holding but iam mystified- please xplain a bit more about the operating post

[hutch_pod] 27/8/2015 09:25

Early morning sell off due to concerns about the operating costs? which seem fine when you drill into them? Who knows, anyway good bounce.

From a quick skim PLUS500 results look good as well, with revenue outperforming.

[mike740] 27/8/2015 08:42

Playtech interim profit jumps 19%
Thu, 27 August 2015


Playtech interim profit jumps 19%
(ShareCast News) - Playtech posted a 19% rise in adjusted first-half net profit as revenues increased amid growth across its businesses.
For the six months ended 30 June, adjusted net profit came in at €115m from €96.8m in the first half of last year, on revenue of €286m, up 33% from €214.4m.

The gaming and trading software group, which is buying contracts-for-difference trading platform Plus500 and Ava Trade, lifted its interim dividend by 8% to 9.6cents.

It said it saw strong, broad-based growth across regions and products from both new and existing business and its strategy of focusing on regulated and soon-to-be regulated markets continues to drive growth.

Chairman Alan Jackson said: "We have completed a series of strategic acquisitions to create and enhance our new Financials division, a high-growth and regulated industry, and our continued operational delivery across all business segments has translated into a strong financial performance across all key metrics, with revenues up by a third in the half year.

"Our Gaming business continues to go from strength to strength with our strategy of focussing on regulated markets driving growth. Our pipeline remains strong, with significant opportunities across all geographies, as customers seek to benefit from our market-leading omni-channel offering and our best-of-breed products in each and every product category."

Shore Capital said: "Overall, this is a solid update with the revenue performance strong and commentary around the Financials division encouraging. We have a 'buy' stance on the stock with fair value approaching £10 per share valuing the Gaming division of long-term revenue annual growth of 8-10% and Financials at cost."

In a separate statement, Playtech announced the appointment of Paul Hewitt as a non-executive director of the company with immediate effect. Hewitt's recent executive responsibilities have included being the deputy group chief executive and chief financial officer of the Co-operative Group from 2003 to 2007 and finance and IT director of the RAC from 1999 to 2003.

[mike740] 27/8/2015 08:15

27 Aug 2015 Playtech Ltd PTEC Canaccord Genuity Buy 885.00 891.00 1,065.00 1,065.00 Reiterates

[mike740] 27/8/2015 07:55

PTEC Playtec....

Superb results this morning a little ahead of market expectations.....

Current trading and outlook

Average daily revenue in the Gaming division for the first 55 days of Q3 2015 is up 15% on the same period in 2014, which benefitted from the impact of the 2014 World Cup, and down 2% on Q2 2015, with Q2 being a strong quarter and Q3 the traditionally slowest quarter. We have a good pipeline in our Gaming division with significant opportunities across all geographies. Our market-leading Playtech ONE omni-channel offering, depth of product suite and ability to offer full turnkey solution remain key to winning new business and driving our growth.

In the first 55 days of Q3 2015, Markets Limited enjoyed a strong performance with CFD customers up 19% against the same period in 2014; and first time depositors (FTDs) for CFDs up 12%. We expect to complete the acquisitions of Plus500 and Ava Trade by the end of September, when we will be in a position to integrate and drive the performance of all three businesses as a single division.

The strong performance in the first half of the year gives me great confidence that the sustained momentum in the business will result in strong growth in 2015 and beyond.

[nod] 26/8/2015 18:50

Manics, controls have recently been put in place following an exhaustive review of Fobts, including customer accounts. The controlling bodies will want to see whether these changes reduce addiction before revisiting this again.

[mike740] 26/8/2015 14:01

Playtech PLC Receives Buy Rating from Deutsche Bank (PTEC)
August 26th, 2015 - 0 comments - Filed Under - by Maddie Sorensen

Deutsche Bank reissued their buy rating on shares of Playtech PLC (LON:PTEC) in a research report report published onTuesday morning, Market Beat.com reports. Deutsche Bank currently has a GBX 1,040 ($16.30) price objective on the stock.

Other research analysts have also recently issued reports about the company. Citigroup Inc. reiterated a buy rating and issued a GBX 1,030 ($16.14) price objective on shares of Playtech PLC in a report on Monday, July 13th. Investec reissued a buy rating and issued a GBX 900 ($14.10) target price on shares of Playtech PLC in a research report on Friday, July 3rd. Goodbody Stockbrokers Ltd reaffirmed a buy rating on shares of Playtech PLC in a research report on Thursday, June 18th. Nomura increased their target price on Playtech PLC from GBX 899 ($14.09) to GBX 994 ($15.58) and gave the company a buy rating in a report on Tuesday, April 28th. Finally, Canaccord Genuity restated a buy rating and issued a GBX 950 ($14.89) price objective on shares of Playtech PLC in a research note on Friday, May 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 909.29 ($14.25).

Shares of Playtech PLC (LON:PTEC) opened at 899.50 on Tuesday. Playtech PLC has a 12 month low of GBX 585.99 and a 12 month high of GBX 936.00. The firm’s 50-day moving average price is GBX 891.43 and its 200 day moving average price is GBX 821.33. The company’s market cap is GBX 2.64 billion.

Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet.

[manics] 26/8/2015 10:40

Love PTEC, though I just don't know how much longer this kind of thing is going to last TBH:

[mike740] 25/8/2015 11:47

Playtech PLC (LON:PTEC)‘s stock had its “buy” rating reissued by analysts at Investec in a report issued on Monday, MarketBeat.com reports.

A number of other analysts have also recently weighed in on PTEC. Canaccord Genuity reissued a “restricted221; rating on shares of Playtech PLC in a report on Friday, July 24th. Deutsche Bankraised their price target on Playtech PLC from GBX 950 ($14.86) to GBX 1,040 ($16.27) and gave the stock a “buy” rating in a research report on Monday, July 20th. Shore Capital reaffirmed a “buy” rating on shares of Playtech PLC in a research report on Friday, July 24th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 1,125 ($17.60) target price on shares of Playtech PLC in a report on Monday, July 27th. Finally, Goodbody Stockbrokers Ltd restated a “buy” rating on shares of Playtech PLC in a research note on Monday, April 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 892.86 ($13.97).

Playtech PLC (LON:PTEC) traded down 1.88% during mid-day trading on Monday, reaching GBX 888.00. The company’s stock had a trading volume of 1,040,705 shares. The stock’s market cap is GBX 2.61 billion. The firm’s 50 day moving average price is GBX 888.70 and its 200 day moving average price is GBX 816.32. Playtech PLC has a 12-month low of GBX 601.00 and a 12-month high of GBX 936.00.

Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet. Playtech’s gaming applications, such as online casino, poker and other P2P games, bingo, mobile, live gaming, land-based kiosk networks, land-based terminal and fixed-odds games are inter-compatible and can be incorporated as standalone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single management interface. Playtech Software Limited, OU Playtech (LON:PTEC), Video B Holding Limited, Techplay S.A. Software Limited are few of company’s wholly-owned subsidiaries.

[mike740] 22/8/2015 20:58

Cheers Hutch.

[hutch_pod] 22/8/2015 19:03

From moneyweek's tips roundup I see Shares mag tipped it too.

[mike740] 22/8/2015 18:51

Ptec Playtech


from ample this weekend.....

Thursday 27 August

Investec sees online gambling software firm Playtech's (PTEC) first-half results as a buying opportunity given likely acquisition benefits related to Plus500 (PLUS) and Avatrade.

Look for total first-half revenue growth of 35.4% and EBITDA growth of 23.4%. "We upgrade FY15E revenue to €646.1 million mainly due to FX tailwinds and white label revenue, but leave EBITDA unchanged," says Investec's Alistair Ross, who puts his target price under review, pending regulatory approval of the acquisitions.

"We see the likely completion of the Plus500 and Avatrade deals (which are not included in our forecasts) as major growth drivers," adds Ross, with a 'buy' rating on the stock.

[mike740] 14/8/2015 11:30

Research Analysts’ Recent Ratings Updates for Playtech PLC (PTEC)
August 12th, 2015 •updated August 14th, 2015

Playtech PLC (LON: PTEC) has recently received a number of price target changes and ratings updates:

8/11/2015 – Playtech PLC had its price target raised by analysts at Nomura from GBX 994 ($15.39) to GBX 1,035 ($16.03). They now have a “buy” rating on the stock.
8/10/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Investec.
8/7/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.42) price target on the stock.
7/31/2015 – Playtech PLC had its “restricted221; rating reaffirmed by analysts at Canaccord Genuity.
7/27/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.42) price target on the stock.
7/24/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Shore Capital.
7/24/2015 – Playtech PLC had its “restricted221; rating reaffirmed by analysts at Canaccord Genuity.
7/20/2015 – Playtech PLC had its price target raised by analysts at Deutsche Bank from GBX 950 ($14.71) to GBX 1,040 ($16.10). They now have a “buy” rating on the stock.
7/20/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.42) price target on the stock.
7/15/2015 – Playtech PLC had its “restricted221; rating reaffirmed by analysts at Canaccord Genuity.
7/13/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,030 ($15.95) price target on the stock.
7/3/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Investec. They now have a GBX 900 ($13.94) price target on the stock.
6/26/2015 – Playtech PLC had its “restricted221; rating reaffirmed by analysts at Canaccord Genuity.
6/18/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd.
Playtech PLC (LON:PTEC) traded down 1.30% during midday trading on Wednesday, reaching GBX 871.00. The company’s stock had a trading volume of 631,832 shares. The firm’s market capitalization is GBX 2.56 billion. Playtech PLC has a 12 month low of GBX 585.99 and a 12 month high of GBX 936.00. The stock’s 50-day moving average price is GBX 871.01 and its 200-day moving average price is GBX 806.87.

Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet. Playtech’s gaming applications, such as online casino, poker and other P2P games, bingo, mobile, live gaming, land-based kiosk networks, land-based terminal and fixed-odds games are inter-compatible and can be incorporated as standalone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single management interface. Playtech Software Limited, OU Playtech (LON:PTEC), Video B Holding Limited, Techplay S.A. Software Limited are few of company’s wholly-owned subsidiaries.

[mike740] 14/8/2015 09:16

Playtech PLC Price Target Raised to GBX 1,035 (PTEC)
Posted by Max Byerly on Aug 11th, 2015 Updated Aug 14th, 2015

Investment analysts at Nomura increased their price objective on shares of Playtech PLC (LON:PTEC) from GBX 994 ($15.39) to GBX 1,035 ($16.03) in a research note issued on Thursday, Analyst Ratings.Net reports. The brokerage presently has a “buy” rating on the stock. Nomura’s target price would suggest a potential upside of 16.95% from the stock’s previous close.
PTEC has been the subject of a number of other reports. Investec reissued a “buy” rating on shares of Playtech PLC in a research report on Monday. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 1,125 ($17.42) price objective on shares of Playtech PLC in a research report on Friday. Canaccord Genuity reissued a “restricted221; rating on shares of Playtech PLC in a research note on Friday, July 31st. Shore Capital reaffirmed a “buy” rating on shares of Playtech PLC in a research note on Friday, July 24th. Finally, Deutsche Bank increased their price target on shares of Playtech PLC from GBX 950 ($14.71) to GBX 1,040 ($16.10) and gave the company a “buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 892.86 ($13.83).
Shares of Playtech PLC (LON:PTEC) opened at 884.8500 on Tuesday. Playtech PLC has a one year low of GBX 585.99 and a one year high of GBX 936.00. The firm’s market cap is GBX 2.60 billion. The firm’s 50-day moving average price is GBX 869.24 and its 200-day moving average price is GBX 804.34.
Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet. Playtech’s gaming applications, such as online casino, poker and other P2P games, bingo, mobile, live gaming, land-based kiosk networks, land-based terminal and fixed-odds games are inter-compatible and can be incorporated as standalone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single management interface. Playtech Software Limited, OU Playtech (LON:PTEC), Video B Holding Limited, Techplay S.A. Software Limited are few of company’s wholly-owned subsidiaries.

[mike740] 14/8/2015 08:50

SP BREAKS ABOVE share price TARGET OF 924p.

[mike740] 14/8/2015 08:49

Playtech : Strong financials support the rise
Envoyer par mail
08/11/2015 | 04:58am
Opinion : Bullish above GBp 875
Target price : GBp 924
Stop loss: GBp 870
LONDON STOCK EXCHANGE
Software

Playtech is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

The company’s fundamentals are still strong. As underlined by its very good Surperformance ratings, the firm has sound finances, a high profitability and significant revenue growth. Analysts remain almost exclusively buyers with an average target price displaying a +9% potential. Moreover, they have largely upward revised their EPS and sales estimates.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. With increasing moving averages we may assume there will be no reversal in the coming trading sessions. A recent pullback brought back the share near the GBp 875.7 area. This threshold is very likely to initiate a technical rebound.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to open a long position at the current price in order to benefit from a possible reversal. The first target price is the GBp 924 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be placed under the GBp 875.7 short term support, threshold that would invalidate this trading strategy.

[mike740] 14/8/2015 08:23

Broker Views On PTEC.....

Date Broker Rec. Price Old target price New target price Notes
11 Aug 15 Nomura Buy 925.00 994.00 1,035.00 Reiterates
10 Aug 15 Investec Buy 925.00 900.00 - Retains
07 Aug 15 Citigroup Buy 925.00 1,125.00 1,125.00 Reiterates
31 Jul 15 Canaccord Genuity Restricted 925.00 - - Reiterates
20 Jul 15 Deutsche Bank Buy 925.00 950.00 1,040.00 Reiterates

[nurdin] 13/8/2015 10:33

chart looks horny :o) Nomura effect I think.Also completion of Plus 500 acquisition not far away...

[ap6901] 13/8/2015 09:35

Any reason for the increase today?

[nod] 12/8/2015 10:23

Nomura reiterates buy on Playtech, target raised from 994p to 1035p - See more at:

[nod] 04/8/2015 22:44

The past 18 months have been a roller coaster following Sagi's share sale at 725p. The share price gradually fell to 600p with the Malaysia scare thrown in. Over the past year it has been a 50% rise to 900p. Following its recent acquisitions in financial sectors PTEC appears to have a long way to go over the next couple of years. I had been concerned about PTEC being locked out of the USA gambling market but with such robust businesses elsewhere the USA now appears irrelevant.