Playtech Share Discussion Threads

[scapital] 03/2/2016 21:16

Is the consensus that the OpenBet acquisition would be positive for the share price?I know OpenBet very well as they are a client of mine so I've no doubt the acquisition will be good for the PTEC bottom line. I'm more interested in how the market might view the deal if PTEC have to pay £300m+ for them.

[trentendboy] 29/1/2016 19:40

Went long on a serious SB on ptec on a September contract.Up over 2 percent today but I suspect there is a lot more to come.Openbet really is an obvious buy. They have the tech and some serious customers including Hills.Hills may not want to risk getting frozen if ptec win it.Interesting times but spotlight really back on the sector

[togglebrush] 29/1/2016 13:48

Diary
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Thursday 25 Feb 2016 2015 Full Year Results

[trentendboy] 29/1/2016 13:32

PTEC bidding - expect action

[nod] 28/1/2016 05:02

Currently 12 brokers are covering Playtech (LON:PTEC), 10 rate it "Strong Buy", 0 "Buy", 0 "Sell", 0 "Strong Sell", while 2 "Neutral".Below are the most recently updated broker updates which include ratings and price targets for Playtech (LON:PTEC).11/01/2016 –Broker: NomuraRating: BuyNew Target: 971.00p reiteration01/12/2015 –Broker: DeutscheRating: BuyNew Target: 875.00p reiterationhttp://www.risersandfallers.com/2016/01/27/what-do-analysts-think-of-playtech-lonptec-this-week/

[togglebrush] 17/1/2016 09:10

FWIW
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25 Feb 2016 2015 Full Year Results

[nod] 15/1/2016 02:50

Playtech PLC (LON:PTEC) had its price target increased by Nomura from GBX 946 ($13.77) to GBX 971 ($14.14) in a report issued on Monday morning. The brokerage currently has a buy rating on the stock.In other Playtech PLC news, insider Hewitt,Paul William bought 2,223 shares of the business's stock in a transaction that occurred on Tuesday, December 8th. The stock was purchased at an average price of GBX 792 ($11.53) per share, for a total transaction of £17,606.16 ($25,631.33)

[manics] 24/12/2015 11:39

FWIW I'd agree with that Paul. GL.

[polaris] 24/12/2015 09:49

Think that H&S you mentioned has been invalidated now that the neckline has been broken to the upside.

I doubt that this will go very much either way until the FY figures are released and some statement on how they will spend that cash pile now that the financial SB company acquisitions have gone south.

regards all,

Paul

[manics] 09/12/2015 08:58

Pretty clear H&S forming? Could indicate sub 700p.

No position. No short -though I'd be buying heavily one again if the market were to give me that (sub 700p) chance.

[pyemckay] 03/12/2015 11:06

nice thought

[undervaluedassets] 03/12/2015 10:13

thought for the day. . .

At the time of writing PTEC have massive profit on Plus500 stake . .

[trentendboy] 01/12/2015 17:47

Veru interesting. Consolidation continues. Hills might be in for one of these and 888 are always looking for add ons.

[togglebrush] 01/12/2015 16:32

FWIW Source Sunday Times 29 Nov 15
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OpenBet and Inspired Gaming, two of the tech companies behind Britain's Online Gaming boom, have been put up for sale for a combined value of £500m
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Openbet makes sport book and gaming software for some the world's biggest gambling companies.
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Inspired gaming makes mobile and online content for bookies including Ladbrokes and Paddy Power.
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MAYBE of interest for the now spare cash in the war chest ???

[manics] 01/12/2015 08:46

Well done longwell. It now needs to maintain power here to avoid a H&S on the chart (if that's your thing).

[longwell] 01/12/2015 08:41

said it was a steal, nearly 5% already and along way to go, glad I top sliced paysafe and increased my holding, great sector to be in at the moment.

[weemonkey] 30/11/2015 07:41

Sun/bingo deal sees PTEC returning to it's knitting.

Sun bingo is one of the most popular bingo games in the uk.

I think the market will like this.

[longwell] 25/11/2015 08:13

this is a steal at this price, just doubled my holdings and looking for 20% return easily in next 12 months.

[weemonkey] 23/11/2015 22:13

Reading between the lines the regulator has not finished shaking Plus500 down. . .

A good "avoid" in my view by PTEC

[hutch_pod] 23/11/2015 17:48

Canaccord:

This is clearly disappointing, given the strategic growth opportunities within the Online Financial Trading sector. And the impact on forecasts is material. We strip out both Plus500 and AVA Trade from our forecasts, and as a result, our FY15 Ebitda forecast coming down from €256.5m to €245.1m, reducing EPS from 63.3c to 60.2c. Our FY16F Ebitda forecast falls from €390.8m to €290.4m, which drives a 24% EPS downgrade from 90.8c to 68.8c. However, it is important to note that given the absence of these deals, Playtech will now have estimated FY15F year end net cash of €995m, with scope for value accretive deals or returns of cash to shareholders. We would expect to get some clarity on this at the time of the Prelims in February.

Playtech shares have performed strongly this year, up by 24% against the backdrop of a declining UK market. Following our downgrades, the shares are on a FY16F PER of 17.7x, but this drops to 13.8x on a cash-adjusted basis, and it is on an EV/Ebitda of 12.1x. We think this looks attractive given structural growth opportunities. We reduce our TP from 1065p to 1000p to reflect the downgrades, putting the shares on a prospective FY17 PER of 15.0x (ex-cash) and EV/Ebitda of 12.5x. BUY.

[hutch_pod] 23/11/2015 17:47

Good article:

[brancho] 23/11/2015 16:23

Deal's dead. If they get a rulling on the principal it could pave the way for future stuff as a precedent possibly

[togglebrush] 23/11/2015 16:19

NOT quite sure where this leaves this deal ???
RNS extract
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Ava Trade Ltd. ("Ava Trade") have terminated the share purchase agreement relating to the acquisition of Ava Trade.
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Playtech will not incur any financial penalties other than forfeiting the previously announced $5m non-refundable deposit already paid by Playtech on the signing of the acquisition.
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Playtech nevertheless intends to continue to appeal the CBI's decision to oppose its application to acquire Ava Trade.

[weemonkey] 23/11/2015 14:43

like walking away from a bad share purchase for an investor walking away from a bad acquisition can be a very smart thing for a PLC to do.

[undervaluedassets] 23/11/2015 09:08

Reminds me of when Dragon Oil pulled out of buying Petroceltic.

Initially the market was disappointed and marked Dragon down.

But then the Dragon share price recovered (and some) as the market realised that Dragon had made a prudent call in not going ahead with it's purchase.

A look at the Dragon oil share price and the Petroceltic share price since tells you that the right decision was made not to go ahead with the purchase