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
  -5.70 -1.41% 399.00 1,269,798 16:35:17
Bid Price Offer Price High Price Low Price Open Price
399.60 400.20 406.00 396.10 402.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,115.41 267.28 73.10 5.7 1,287
Last Trade Time Trade Type Trade Size Trade Price Currency
17:25:50 O 15,285 399.00 GBX

Playtech (PTEC) Latest News

Playtech News

Date Time Source Headline
15/10/201917:30UKREGPlaytech PLC Holding(s) in Company
08/10/201917:00UKREGPlaytech PLC Holding(s) in Company
02/10/201917:00UKREGPlaytech PLC Holding(s) in Company
02/10/201907:00UKREGPlaytech PLC Transaction in Own Shares
01/10/201907:00UKREGPlaytech PLC Transaction in Own Shares
30/9/201907:00UKREGPlaytech PLC Transaction in Own Shares
27/9/201907:00UKREGPlaytech PLC Transaction in Own Shares
26/9/201907:00UKREGPlaytech PLC Transaction in Own Shares
25/9/201912:00UKREGPlaytech PLC Holding(s) in Company
25/9/201907:00UKREGPlaytech PLC Transaction in Own Shares
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Playtech (PTEC) Discussions and Chat

Playtech Forums and Chat

Date Time Title Posts
14/10/201915:09Playtech - the Biggest Gaming Software Provider3,304
26/6/201910:44PLAYTECH PLC22
27/5/201412:34PLAYTECH PLC1
27/4/201116:13Platech - 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
2019-10-17 17:29:01399.0015,28560,987.15O
2019-10-17 17:28:46399.00143,638573,115.62O
2019-10-17 16:16:41398.981,1594,624.18O
2019-10-17 15:57:41398.268993,580.37O
2019-10-17 15:56:23400.617793,120.76O
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Playtech (PTEC) Top Chat Posts

Playtech Daily Update: Playtech Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PTEC. The last closing price for Playtech was 404.70p.
Playtech Plc has a 4 week average price of 388.10p and a 12 week average price of 352.90p.
The 1 year high share price is 508.80p while the 1 year low share price is currently 352.90p.
There are currently 322,622,617 shares in issue and the average daily traded volume is 1,161,910 shares. The market capitalisation of Playtech Plc is £1,287,264,241.83.
amadeus888: A combined dividend and buyback policy, when the share price is undervalued, IMO benefits all shareholders. Less shares for shorting and a tangible payout.
nod: dgduncan, that reads like a Government policy. In which case it must be legit. I've been in shares since 1981 (BP) and have never liked share buy-backs. I have never come out as a winner - the share price always falls significantly after a buy-back. I don't recall it happening for the first few decades but in the 2000's it has become increasingly popular, which means someone other than shareholders is making money out of it. That said, major shareholders with influence often go along with it (possibly a tax advantage for them or a way to transfer ownership). Buying back your own shares means you don't want to to return cash to shareholders by way of dividends. Nor, do you have any idea on how to invest the spare cash in improvements or acquisitions to make your business stronger. The only thing I'm certain of is that small shareholders lose out.
nod: The gripe of the new major shareholders was that awards were excessive and not aligned with shareholder performance. I'm happy if specific ambitious target prices are specified to justify a BONUS over and above a very large salary. I don't see any target share price on any of their awards. I only see a reward for longevity."The awards are structured as nil cost options over ordinary shares of no-par value.The awards will ordinarily become exercisable as from 1 March 2022, subject to the grantee's continued service and to the extent to which total shareholder return performance conditions are satisfied over the measurement period comprising the three financial years of the Company commencing with the current financial year.Once exercisable, an award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the awards."
amadeus888: Credit has to be given to the move to regulated markets whilst still improving revenues. This is a fantastic turnaround. The share price is not reflective of current business IMO. The company is buying what the market is prepared to sell at these prices. And there is a high yielding dividend to be received."Proportion of regulated revenue increased to above 80% in FY 2018; 54% in FY 2017"
amadeus888: The dividend yield here looks pretty impressive. Can anyone give me a quick explanation as to why the share price has tanked so rapidly in the last year? Is it only the China issue?
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.
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.
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.
brexitplus: From gaming “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, 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."
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.
Playtech share price data is direct from the London Stock Exchange
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