Share Name Share Symbol Market Type Share ISIN Share Description
Playtech LSE:PTEC London Ordinary Share IM00B7S9G985 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +10.20p +2.29% 454.90p 7,843,908 11:32:22
Bid Price Offer Price High Price Low Price Open Price
444.00p 444.70p 453.10p 441.50p 445.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 717.31 236.95 70.12 6.5 1,467.6

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Date Time Title Posts
14/11/201809:56Playtech - the Biggest Gaming Software Provider3,067
22/4/201512:32PLAYTECH PLC17
27/5/201411:34PLAYTECH PLC1
27/4/201115:13Platech - Tech power of the gaming software659

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DateSubject
18/11/2018
08:20
Playtech Daily Update: Playtech is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PTEC. The last closing price for Playtech was 444.70p.
Playtech has a 4 week average price of 420.20p and a 12 week average price of 420.20p.
The 1 year high share price is 892p while the 1 year low share price is currently 420.20p.
There are currently 322,622,617 shares in issue and the average daily traded volume is 1,709,722 shares. The market capitalisation of Playtech is £1,467,610,284.73.
15/9/2018
23:19
nod: The PTEC fall is primarily on the decline in revenue from unregulated markets, notably China Malaysia. For many years it's been said that the unregulated revenues and profits were not reflected in the share price (market value) because of the high risk. So, during these years we benefit from a high dividend income. It seems perverse now that this Asian downturn is having such an impact on the share price when it was always valued at near zero. PTEC said in its recent results that in 2018 around 80% of its revenues will be from regulated markets. This % will rise further in 2019 when a full year with Snaitech kicks in. IMHO the market will value PTEC more fairly once we see this reflected in the numbers.
23/8/2018
07:16
cambridgedon: Maybe simplistic, but compared to this time last year adj.EPS has fallen 34% but the share price is off 48%. So all the bad news is in the price and some. Would expect to rise from here. V strong balance sheet, loads more cash, Plus 500 holding, highly cash generative blah,blah. CD
11/8/2018
21:53
nod: Shaker, the reason we are at 550 is because of uncertainty around China and Malaysia rather than the USA. This happens every few years because our licensees are operating in locations where online gambling is illegal and the authorities clamp down every so often. It's a high risk game which was usually factored into PTECs share price.This is why PTEC has focused on regulated markets and acquired Snaitech to grow operations across Europe.
11/7/2018
11:59
garycook: One falling stock I might consider is gambling software group Playtech (LSE: PTEC). This company has issued two profit warnings over the last year due to poor trading in Asia. The second of these came on 2 July and caused the stock to fall by a further 26%. To combat this weakness in Asia, Playtech is focusing its efforts on expanding into newly-regulated markets such as Eastern Europe and Latin America. Its software can be used in both retail and online environments, so it’s a good option for traditional bookmakers wanting to expand online.Cheap enough to buy? At the last-seen price of 495p, the share price is now nearly 50% lower than it was one year ago. Profit forecasts have also fallen, but only by around 25%. This has left the stock looking relatively cheap, on a 2018 forecast P/E of 8.4 with a prospective yield of 6.1%. Although there is still a risk of further problems, I think the shares could be worth considering as a contrarian buy at this level.
03/7/2018
13:35
brexitplus: Sharecast coverage of MS BROKER FORECAST “(Sharecast News) - Morgan Stanley downgraded its stance on Playtech to 'equalweight' from 'overweight' on Tuesday and slashed the price target to 650p from 1,100p after the gambling software company's profit warning a day earlier on the back of weakness in Asia. Playtech said on Monday that the current run rate in Asia is "materially" below the average in the second half of last year and what was expected for the second half of 2018 at the start of the year. If it remains unchanged for the rest of the year, including no material improvement in Malaysia, the group expects revenue from Asia to be around €70m lower than original expectations. As a result of the warning, MS cut its earnings per share forecasts by 10% for this year and 31% next year and said its confidence in earnings visibility has reduced. "While we had flagged Asian risk in the past, we had always assumed this was likely (as in Malaysia) to be a governmental/regulatory issue, and saw the risks as balanced between a long-term trend towards regulation of grey markets and shorter-term political risk. "Unexpectedly in China, the issue appears to be competitive, where competitors (new and existing) are forcing take rates down in an 'aggressive pricing environment'." MS said that while Playtech may be able to mitigate this by offering more structured agreements - better pricing in return for guarantees over position or volumes - it suggests that the company's product in Asia may be less compelling than previously assumed, with lower barriers to entry or unsustainably high margins. The bank added that the sudden nature of the profit warning raises questions over whether Playtech could face further shocks to the remaining €150m of Chinese revenue. Morgan Stanley's bear case assumes that the remaining China revenue unwinds and negative regulation in Italy makes a meaningful impact on Snaitech profitability. Its bull case, meanwhile, assumes stability in China, a good performance in Italy, good core growth and an accretive bolt-on acquisition. "Although the risk reward skews to the upside, we see our bear case as a reasonable scenario and think the share price is unlikely to reflect the stock's attractive qualities (cash flow, core business strength, balance sheet optionality) in the next year, just as it has not done for some time."
03/7/2018
07:43
nod: When they talk about "price" I guess they mean the price operators pay Playtech for their products and services. Gamblers don't pay PTEC. So, does this mean that the operators have suddenly and rapidly deserted PTEC? Price is usually only one factor in who an operator chooses - reliability, honesty, trust, management systems, and the array of gambling products supplied. How can other suppliers of gaming software have taken a hold in China within just a few weeks? when PTEC has been supplying and developing the market for a decade? I feel PTEC is not telling us something.
02/7/2018
14:49
brexitplus: From gaming business.com “China price war leads to Playtech profit warning 2 July 2018 Playtech’s share price nosedived this (Monday) morning after the Isle of Man-based company warned that its full-year revenue from Asia is on course to be about €70m (£62m/$82m) lower than expected. Playtech confirmed in a trading update that average daily revenue in Asia continues to be impacted by an “increasingly competitive backdrop” and cited “a particularly aggressive pricing environment from new entrants” towards the end of the first half of the year. However, iGamingBusiness.com understands that the arrival of new local and international market entrants in China, which has led to a bruising price war in the country, is the key factor behind the latest announcement, which comes eight months to the day after the company issued its most recent profit warning. It is understood that the full impact of the price war, which has been unexpectedly sudden, will be felt in the second half of the year, with the outlook in other parts of Asia having remained relatively unchanged for Playtech. The company has also faced challenges in Malaysia, where its licensees have found themselves under greater scrutiny than ever before due to efforts from the country’s authorities to crack down on illegal gambling. Playtech, which will announce its financial results for the six months ended June 30 on August 23, said: “If the current run rate in Asia continues unchanged for the remainder of 2018, including no material improvement in Malaysia, Playtech's expected revenue from Asia will be circa €70m lower than original expectations.” Owing to the “relatively sudden” downturn in Asia and the company’s centralised cost base, the “vast majority” of the revenue loss would drop through to adjusted earnings before interest, tax, depreciation and amortisation, which is projected to be between €320m and €360m in 2018. By midday on the London Stock Exchange, Playtech’s share price had plummeted by about 28% since the start of the day’s trading. Chief executive Mor Weizer said: “Clearly the recent trading performance in Asia is disappointing. We have taken steps to further support our partners in the region and we will continue to work to preserve our position in the face of an increasingly competitive environment.” Playtech did not disclose the level or nature of “support”; for its partners in Asia – a line that was also mentioned in its profit warning issued in November – and did not break down the €70 shortfall in expectations into geographical markets. However, it is understood that the company believes that the latest development – underlining the volatility of operating in unregulated territories – vindicates Playtech’s efforts to increase its focus on regulated markets. In April, the company confirmed a deal to acquire a controlling stake in Italy-based Snaitech and late last month Playtech secured approval from Italy’s financial watchdog for its mandatory offer for the remaining shares. In its trading update, Playtech said that it “believes the increased activity due to the Fifa World Cup and general strength in the Italian gaming market is encouraging for the current period”, even though Snaitech is currently a separately-listed company. Weizer (pictured) added: "In line with our stated strategy, progress in fast-growing, regulated and soon to-be-regulated markets continues apace. Momentum in key regulated markets continued in the first part of 2018 with new agreements with Gala Leisure in the UK, SAS in Portugal and Totalizator, the Polish national lottery. "Additionally, regulatory developments in the US represent a significant opportunity for the group. The organic growth reported in the non-Asian B2B gaming business combined with the recent acquisition of Snaitech in Italy provides management with confidence that this strategy will materially improve the quality and diversification of Playtech's performance in 2018 and beyond."
05/6/2018
19:14
nod: Yes, Playtech's performance has been very disappointing. It doesn't help investor sentiment when the board's focus was on giving execs bonuses massively out of synch with its revenue performance, share price and shareholder rewards. All eyes are on the USA these days and PTEC has nothing to offer there.
19/5/2018
21:00
nod: I suspect the institutions will all want a higher share price for their investors. The share price is down 20% and at the same level as three years ago.I firmly believe that bonuses should be directly related to the share price over the period and nothing else.If the value of the business has declined 20% over the year it's hard to justify an INCREASE in bonus of 78%It's hard to justify a bonus at the SAME level as last year based on the annual performance.
26/4/2018
13:56
nickg100: Good to see support for PTEC returning above 800p - With the AGM just a few weeks away (May 16th), historically the share price has climbed building up to it. In view of recent PTEC activity, and trading statement, my expectations are that this year will be no different. 850p++ over the forth coming weeks?
Playtech share price data is direct from the London Stock Exchange
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