Playtech Share Discussion Threads

[undervaluedassets] 25/8/2016 09:32

On the conference call . . .

BGT potential especially exciting - potential market is clearly huge - a half a million terminals was mentioned.

They know what they are doing

[mrchriss] 25/8/2016 09:30

This could be a stupid question but could they not have hedged their position a little better? It's not like the result of the referendum was out of the question.

[trentendboy] 25/8/2016 08:51

Special dividend boosted the share price. 150 million back to us.

The currency exchange issue looks odd to me. Looks like results were hammered by the falling sterling value.

I guess money made in the UK needs to be changed into Euros for reporting which is what was hammered.

[togglebrush] 25/8/2016 08:12

Top gainer on STOXX 600 in opening trades (European Index)

[weemonkey] 25/8/2016 08:03

inc special what is yield for year?

huge

in these income constrained times. .

[togglebrush] 25/8/2016 07:09

Dividend

-- Cognisant of need for efficient balance sheet

* current high cash balances are consistently augmented by cash from operations

* able to return capital to shareholders with no impact on M&A capabilities

-- 57 EURc (or 50p at the current exchange rate) being returned to shareholders
* interim dividend increased by 15% to 11.0 EURc as
well as adoption of a progressive dividend policy to provide shareholders with more certainty and consistency of dividend payments
'
* special dividend of EUR150m (46 EURc / 40p per share) to be paid on 6 December 2016

Timetable:

Ex-dividend date 22 September 2016
Record date 23 September 2016
Currency election 30 September 2016
Payment date: 25 October 2016

Special dividend

Playtech is pleased to announce a special dividend of EUR150 million, representing 46 EURcents, to be paid as below, with no impact on its M&A capabilities.

For those shareholders wishing to receive their dividends in sterling the last date for currency elections is 11 November 2016.
paid on 6 December 2016

[undervaluedassets] 24/8/2016 15:39

company revenues up 900% since 06 but share price has barely doubled

Profits, EPS and divs all grown like topsy.

Good results here will see these take the lights out

Historically undervalued.

Then there is the cash pile. . mouthwatering really

[trentendboy] 24/8/2016 11:22

Remember with Ladbrokes flying PTEC own a piece of that and a piece of Plus500 which is also flying.

All coming together. Hills are a mess without PTEC

PTEC need to make another big buy IMO. Whether that is take take SCH in house or to go for another finanical company. There are plenty of other backend companies like GAN to takeover first - GAN would give them landline casino links

[trentendboy] 24/8/2016 11:20

closing in on all time highs

[joeywald] 24/8/2016 11:01

900 breached :)

[trentendboy] 18/8/2016 09:20

Double boom

[philo124] 17/8/2016 19:56

Looks set for major breakout.

[dr knowledge] 17/8/2016 16:45

Well thus far the break out of the range has been a success, meaning we now have a fight to reach next resistance @ 923 with good support around the 870p mark. Looking strong. ;-)

[philo124] 12/8/2016 19:48

Petty good.

[trentendboy] 12/8/2016 17:22

Boom.

Breakout and I am holding a nice little spreadbet but only a fiver a point. Even so.....

[philo124] 12/8/2016 16:18

Good spot.

[dr knowledge] 12/8/2016 16:17

Must be the quietest breakout in ADVFN history! Sssshhhh! ;-)

[undervaluedassets] 08/8/2016 09:16

Retrenching in some areas, and expanding into others. Pruning what is not profitable and expanding into growth areas (recent aquisition of Best Gaming).

Makes sense to me. .

[trentendboy] 08/8/2016 08:39

Can be read 2 ways. PTEC are clearly ruthlessly managed. If a unit is not making a profit it will be shut or downsized quickly.

This in a way is good management. Bad investment decisions are rectified quickly. I guess it is a little like running your winners and cutting your losers.

[nod] 08/8/2016 05:17

Playtech has told Azrieli it is reducing the space it will rent in Tel Aviv's Sarona Tower.Sources inform "Globes" that following a wave of layoffs, Playtech Cyprus Ltd. (LSE:PTEC), managed by CEO Mor Weizer, notified Azrieli Group Ltd. (TASE: AZRG) last week that it was reducing the amount of space it had planned to rent in the new business tower under construction on the Sarona site.Under the original plan, starting in late 2017, Playtech was slated to operating on four and a half floors in the new Sarona tower. In addition, the company had an option to expand the agreement to an addition floor. Playtech notified Azrieli last week that it was retracting its plan to rent some of the floors reserved for it in the tower.Playtech is seeking a release from the lease for two and half additional floors, and furthermore will not exercise its option for another floor. The announcement means that Playtech will rent only two floors of offices.Sources close to the company explained that the notification follows a decision to cut back on Playtech's business in Israel. They assert that the decision was taken following reconsideration of the company's operating costs in Israel and the lack of profit in local business, compared with other countries in which the company conducts its far-flung business.As part of this decision, TradeFx, Playtech's second subsidiary, fired 80 workers in Israel, leaving it with 100. TradeFx handles Playtech's financial activity, and operates the Markets.com website for online contract for difference (CFD) trading. Like Xwise, which fired 150 employees in Israel in May, TradeFx was acquired by Playtech from Sagi himself, in this case for €208 million.RELATED ARTICLESTeddy Sagi's Xwise axing 150Sources close to the company said that TradeFx was trying to increase its automation, i.e. to be less dependent on human capital; most of those laid off were sales and customer service personnel, not necessarily development personnel.Playtech's 2015 financial statements show that its financial activity in TradeFx generated €60 million in revenue and earnings before income, taxes, depreciation, and amortization of €15.9 million (€14.2 million net), compared with €80 million in revenue and €30 million in EBITDA in 2014, a substantial decrease in business, which explains the company's layoffs in Israel. A Playtech spokesman said in response, "The company's decision are taken according to business considerations."Playtech is not the only company linked to Sagi that is cutting back on its business in Israel. Crossrider Ltd. (AIM:CROS) last month laid off 20 of its employees in Israel, while recruiting the same number in Romania.Crossrider specializes in optimization of Internet surfer traffic as an analysis tool for the digital advertising market. The company was hit hard by the crisis in the digital advertising sphere, and its share has plunged 73% since the company held its IPO. The company's current market cap is $52 million, and Sagi owns 72% of its share capital.Adience, which Sagi owns privately, fired most of its workers, leaving it with only eight. Sagi acquired Adience in late 2014 for $20 million. The company developed a system for managing mobile app users, based on deep learning technology. The purpose of this technology was to understanding the users' needs, which are only growing, and are becoming more complex with time and in the increasing masses of information on the Internet.As far as is known, what is left of Adience's business is expected to merge with the business of Stucco Media, another Israeli company, acquired by Market Tech. Stucco Media operates the UK Camden Market website, owned by Sagi. Stucco, acquired for $34.5 million in cash and shares, has developed a platform for marketing e-commerce websites.Published by Globes [online], Israel business news - www.globes-online.com - on August 7, 2016http://www.globes.co.il/en/article-teddy-sagi-imposing-major-cuts-in-israel-1001144766

[trentendboy] 04/8/2016 08:12

The LAD results are strong and are of course linked to PTEC.Online saw the biggest growth. All extra gravy for PTEC

[weemonkey] 28/7/2016 10:36

Revenues set to be more than £500 million this year - up
more than 900% since 2006 .

profits and earnings have quadrupled since 06.

Yet the shareprice has scarcely doubled since 2006.

Sharepice has some catching up to do and has the potential to double and triple over the next few years IMHO

[weemonkey] 27/7/2016 08:15

Still lives under the radar.

Yet has Paddy Power type Shareprice potential.

Is global gambling software Gorilla . .