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PTEC Playtech Plc

711.00
-7.00 (-0.97%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Playtech Plc LSE:PTEC London Ordinary Share IM00B7S9G985 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -7.00 -0.97% 711.00 2,724,404 16:35:27
Bid Price Offer Price High Price Low Price Open Price
713.00 714.00 719.00 711.00 711.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software EUR 1.71B EUR 105.1M EUR 0.3398 27.75 2.22B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:48:11 O 49,728 711.00 GBX

Playtech (PTEC) Latest News (1)

Playtech (PTEC) Discussions and Chat

Playtech Forums and Chat

Date Time Title Posts
06/12/202415:21Playtech - the Biggest Gaming Software Provider4,976
18/1/202310:55PLAYTECH PLC29
27/5/201411:34PLAYTECH PLC1
27/4/201115:13Platech - Tech power of the gaming software659

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Playtech (PTEC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-20 16:48:13711.0049,728353,566.08O
2024-12-20 16:47:03712.0724,765176,344.88O
2024-12-20 16:42:02711.00114,704815,545.44O
2024-12-20 16:35:27711.002,203,79515,668,982.45UT
2024-12-20 16:29:58713.0072513.36O

Playtech (PTEC) Top Chat Posts

Top Posts
Posted at 21/12/2024 08:20 by Playtech Daily Update
Playtech Plc is listed in the Prepackaged Software sector of the London Stock Exchange with ticker PTEC. The last closing price for Playtech was 718p.
Playtech currently has 309,294,243 shares in issue. The market capitalisation of Playtech is £2,916,644,711.
Playtech has a price to earnings ratio (PE ratio) of 27.75.
This morning PTEC shares opened at 711p
Posted at 21/9/2024 03:05 by elbrus55
I think it is compensating directors , senior staff for the loss in value of unvested LTIP future share awards due to the Snaitech cash distribution.So,.may not be so unreasonable for shareholders as it initially looks and may partly offset with LTIP cost savings in future.
Posted at 18/9/2024 11:22 by farrugia
'It looks more like theft from shareholders of 6% of the sale price' that's how those directors can afford those big luxury yachts you see in a marina.
Posted at 17/9/2024 23:02 by popit
redwing

“what do people think about the directors of Playtech taking out up to a whopping 100m euros in bonuses for securing this sale? Excessive corporate greed?”

The €134 million bonuses clearly stink and shareholders should obviously vote against them

And bonuses for what? It was the sale of a subsidiary company and a normal business transaction so why are €134 million of bonuses required for the normal sale of a business?

Do the directors not already receive a very high salary from the company? So why are €134 million of extra bonuses required?

It looks more like theft from shareholders of 6% of the sale price

Shareholders will probably be wary of getting fleeced again with the remaining business
Posted at 17/9/2024 16:06 by wolfhound1
Good point, i think the answer may lie in the middle somewhere....

They received £150mn cash from Calipay, Debt repay £350mn and directors £100mn, so net net £300mn or £1 per share reduction on the £637p (as noted re Snailtec disposal report this morning)

So current share price 714p less 537p points to a value of 177p per share or £531 mn - total for remaining business including 30.8% share in Calipay. Seems like a big discount with an approx ebitda multiple of 4
Posted at 17/9/2024 13:30 by privileged
Thanks fistSo is there no more debt after all thisAs you say even applying a very conservative 7x ebitda of what's left (ridiculously low as they can see retail assets for 9x) that would imply £4.40 share price post divi or £1.40 more so £9.70/share which is where I thought it would get to after morning auction today and then maybe rise from there over time if they execute effectively but that should really be the bare minSo market valuing at a 5xEbitda at the moment
Posted at 17/9/2024 10:57 by fisternator
AT £7.24 the market cap is 2.33b

After the special divi of circa £4.30 (1.65 bill euro) & bond repayment of euro350 million, also the £100 million to bod the share price after ex divi on a pro-rata basis would be £3.00* or a market cap of £3 x 304 mill shares in issue of £912 million and not £250 million.

The market @ £7.30 is giving the remaining business a valuation of £912 million or £3.00 per share

* £7.30 - £4.30 = £3.00
aimho

Remaining B2B

B2B revenue of 684 million Euros with Ebitda of 182 million euros. margin 27%

Not expensive.
Posted at 17/9/2024 08:48 by privileged
2.3bn Eur EV is a good price I don't care but surprised share price isn't up on thisNeed to do the maths of what business and debt is left and the return of capital, maybe divi isn't the best structure is the issueBut either way we're getting the rest of ptex for around £1.10/share, feels rather good value
Posted at 17/8/2024 18:23 by samsj
"5pc so not that important & known for 11 months…"

"PTEC’s stake in Caliente is worth gbp400m, worst case scenario is PTEC sell it back to Caliplay if acaliente win the case and exercise the option to buy."

Are these comments in response to me?

Do you mean 5% of something?? Caliplay is probably half of ebitda ex-Snaitech (though I'd like to see other estimates). It is important to address and dig in to.

Caliente is worth 400m gbp?? According to annual report Playtech M&A Call Option (Caliplay) has a value of 730mEUR which is over 620m gbp. Then add on the outstanding Caliplay debt of 86.5m as of Dec 23, growing by 35 two months later, all unpaid, clearly not a small issue.

The "worst case scenario" (although I'm not saying its likely) is that these payments are not recoverable and the option over Caliplay cannot be exercised.

The best case scenario is that they own 49% of a business making 80m eur pbt after b2b fees a year, and rapidly growing. And that's worth 730m EUR or more.

Where am I wrong? Would love to hear probabilities of how it plays out, to what time scale, and where else value is seen in the remaining business...
Posted at 16/8/2024 14:10 by rimau1
PTEC's stake in Caliente is worth gbp400m, worst case scenario is PTEC sell it back to Caliplay if acaliente win the case and exercise the option to buy.
Posted at 16/8/2024 09:32 by blueclyde
Yeah seems the deal is certain to go through. Would leave Playtech as a software business would should unlock further value. I do not understand how this gift of a share price is still on the table and we are not at £10 a share.
Playtech share price data is direct from the London Stock Exchange

Playtech Frequently Asked Questions (FAQ)

What is the current Playtech share price?
The current share price of Playtech is 711.00p
How many Playtech shares are in issue?
Playtech has 309,294,243 shares in issue
What is the market cap of Playtech?
The market capitalisation of Playtech is GBP 2.22B
What is the 1 year trading range for Playtech share price?
Playtech has traded in the range of 401.80p to 775.00p during the past year
What is the PE ratio of Playtech?
The price to earnings ratio of Playtech is 27.75
What is the cash to sales ratio of Playtech?
The cash to sales ratio of Playtech is 1.71
What is the reporting currency for Playtech?
Playtech reports financial results in EUR
What is the latest annual turnover for Playtech?
The latest annual turnover of Playtech is EUR 1.71B
What is the latest annual profit for Playtech?
The latest annual profit of Playtech is EUR 105.1M
What is the registered address of Playtech?
The registered address for Playtech is GROUND FLOOR, ST GEORGE’S COURT, UPPER CHURCH STREET, ISLE OF MAN, IM1 1EE
What is the Playtech website address?
The website address for Playtech is www.playtech.com
Which industry sector does Playtech operate in?
Playtech operates in the PREPACKAGED SOFTWARE sector

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