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PTEC Playtech Plc

737.00
-6.00 (-0.81%)
07 Feb 2025 - 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
  -6.00 -0.81% 737.00 348,800 16:29:59
Bid Price Offer Price High Price Low Price Open Price
728.00 736.00 745.00 735.00 743.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software EUR 1.71B EUR 105.1M EUR 0.3398 26.49 2.3B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:06 O 1,427 737.3518 GBX

Playtech (PTEC) Latest News

Playtech (PTEC) Discussions and Chat

Playtech Forums and Chat

Date Time Title Posts
07/2/202510:39Playtech - the Biggest Gaming Software Provider4,995
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
2025-02-07 16:40:08737.351,42710,522.01O
2025-02-07 16:40:02738.0045,000332,100.02O
2025-02-07 16:39:37738.0050,000369,000.00O
2025-02-07 16:35:16737.0097,019715,030.03UT
2025-02-07 16:29:24737.0078574.86AT

Playtech (PTEC) Top Chat Posts

Top Posts
Posted at 07/2/2025 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 743p.
Playtech currently has 309,294,243 shares in issue. The market capitalisation of Playtech is £2,783,648,187.
Playtech has a price to earnings ratio (PE ratio) of 26.49.
This morning PTEC shares opened at 743p
Posted at 29/1/2025 08:53 by the white house
Decent rise yesterdaytoday we see a few changes to the hierarchy effective March 1. the SNAI announcement was 17 Sept, after what you would think was an agreed price given a lot of due diligence by Flutter. The closure date stated was Q2 but over 4 months after announcement could it be more April than June that split happens if things are getting tied up and board changes are already being put jn place? . What did happen yesterday is Indiana passed an important stage towards launching igaming Sept 1. After a quiet period there are suddenly 8 states moving towards igaming. Playtech will be involved in them all & likely with multiple players in each resulting in an even more rapid US expansion & a good start for the 'new' Playtech
Posted at 13/1/2025 17:33 by rimau1
And to your second point, yes additional snaitech profit whilst the deal closes is more upside so maybe we are a 275-300m ebitda business FY25. Target price £9.90!
Posted at 13/1/2025 09:57 by rimau1
Let me add some meat to the bones. Returning 4.56 cash per share to investors on the completion of the Snaitech sale. Retains a B2B business targeting 200-250m euro ebitda in 2025. I value this at 9x so in gbp1.3bn or 4.40 per share. So that adds up to a very conservative 8.96 per share plus an equity stake in Hardrock.
Posted at 10/1/2025 14:02 by the white house
Now we know why so weak lately, just under 6m share sake overhang just cleared.With limited turnover here that has killed things for many weeks to get done. Anyways added
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 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 737.00p
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 2.3B
What is the 1 year trading range for Playtech share price?
Playtech has traded in the range of 432.00p to 775.00p during the past year
What is the PE ratio of Playtech?
The price to earnings ratio of Playtech is 26.49
What is the cash to sales ratio of Playtech?
The cash to sales ratio of Playtech is 1.63
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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