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PTEC Playtech Plc

473.50
-7.00 (-1.46%)
28 May 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 -1.46% 473.50 336,584 16:35:09
Bid Price Offer Price High Price Low Price Open Price
480.00 481.00 483.00 471.50 482.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software EUR 1.71B EUR 105.1M EUR 0.3458 16.69 1.75B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 250,013 473.50 GBX

Playtech (PTEC) Latest News

Playtech (PTEC) Discussions and Chat

Playtech Forums and Chat

Date Time Title Posts
15/5/202420:05Playtech - the Biggest Gaming Software Provider4,849
18/1/202310:55PLAYTECH PLC29
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
2024-05-28 15:35:09473.50250,0131,183,811.56UT
2024-05-28 15:29:55480.0067321.60AT
2024-05-28 15:29:55481.003621,741.22AT
2024-05-28 15:29:55481.00628.86AT
2024-05-28 15:27:16480.00202969.60AT

Playtech (PTEC) Top Chat Posts

Top Posts
Posted at 28/5/2024 09:20 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 480.50p.
Playtech currently has 303,903,860 shares in issue. The market capitalisation of Playtech is £1,753,525,272.
Playtech has a price to earnings ratio (PE ratio) of 16.69.
This morning PTEC shares opened at 482p
Posted at 10/5/2024 11:32 by indiestu
Where do your figures come from? My research tells me a different number to yours for the past financial year. Please share.
Posted at 29/4/2024 15:25 by oggyrocks
Somethings happening here. Can’t find any news at the moment, but we know that this share is prone to news leaking.
Posted at 24/4/2024 18:47 by rimau1
Two biggies for me. Caliente uncertainty especially given Ptec are booking income currently being withheld, legal case won't be heard until October; M&A risk, rumoured to have bid for 888 which for many was an unattractive target and risk of overpaying, equity raise to fund M&A
Posted at 24/4/2024 18:36 by ali47fish
can someon summerise why this has gone down so much after thinking it woul be bought for a good price and where do we go from here - many thanks- only knowledgeable investors please!
Posted at 01/3/2024 13:02 by rimau1
The IC agree with my buy case that the conglomerate discount is much too large here (see my post 4746 last year). Trading at 8x fwd earnings. Snaitech is worth at least £1.2bn and the Caliplay option if enforced is another £415m. So with a marketcap of £1.6bn the B2B, US and exciting South America growth engine are in for free. Results due March, they will only comment on the legal proceedings if there is news so unlikely to get an update on Caliplay, biggest risk is a consumer slowdown in Italy which PTEC previously flagged but will no doubt result in another de-rating
Posted at 02/1/2024 15:43 by the white house
Added @ 4502 months since last Caliente update & although only 37m bucks a decent shift up is due in any resolution. Any move indicative news in way.Strong Brazil positionexpanding across multiple channels in the US make the price Mor paid 7 months ago seem easily achievable this year. Or a takeover Either way
Posted at 24/10/2023 09:56 by farrugia
i bought a starter position on this for now modest. No doubt the troubles in Israel are probably putting pressure on the stock price so its an opportunity. The last time I dealt on this was when it was getting acquired - at that point i immediately offloaded.
Posted at 06/10/2023 17:33 by popit
RNS

6 February 2023

Playtech plc

('Playtech' or the 'Company')

Update on strategic agreement with Caliplay

As part of ongoing discussions with Caliplay in relation to the parties' strategic agreement, Playtech plc (LSE: PTEC) announces today that it is seeking a declaration from the English Courts to obtain clarification on a point of disagreement between the parties.

Caliplay is a highly valued customer and partner of Playtech, and has been a highly successful and rapidly growing business. A declaration is being sought in order to provide clarity for both parties. The matter in disagreement relates to whether Caliplay still holds an option to redeem the additional services fee element of the strategic agreement (the "Option"). The Option was structured such that the amount payable by Caliplay to Playtech upon exercise would either be agreed between the parties, or failing which, determined by an independent investment bank valuing Playtech's current entitlement to receive the additional services fee until 31 December 2034. For the six months ended 30 June 2022, the amount of this services fee was EUR34.4 million (EUR22.3 million for the six months ended 30 June 2021) and the business has continued to perform strongly since then.

The Option is stated as being exercisable for a period of 45 days following the approval of the audited accounts of Caliplay for the year ended 31 December 2021. Playtech believes the Option has expired and referred to its expiry having taken place in its interim report for the six-month period ended 30 June 2022, which was published on 22 September 2022. Whilst Caliplay has not sought to exercise the Option to date, Caliplay has made it clear that it considers the Option has not yet expired.

Playtech hopes to obtain clarification from the English courts and further updates will be provided, as required.

———;——̵2;——R12;——212;———————————;——̵2;——R12;—-

I have read the RNS from 6th February and the situation is still very unclear.

Can anyone explain it without the legalese?

Caliplay holds an option to redeem the service fee? What does this even mean? Does it mean Caliplay can refuse to pay the €34 million?

What does the option allow Caliplay to do? Does it allow Caliplay to pay zero or to pay less than €34 million?

And why would Playtech have agreed to such an unclear agreement that has now ended up in a Mexican court and is likely to end the JV at a great cost to Playtech?
Posted at 06/10/2023 11:56 by rimau1
Sounds about right. I guess another factor weighing this down is the bidding war with FLTR for Planetwin. The risk of overpaying plus I suspect we may need a rights issue to part fund the deal if we are successful. The Caliente fall-out is poor timing in this regard. I am biased but at this price i would swoop in for Ptec just for the technology and Snaitech. Averaging down here slowly.
Posted at 11/9/2020 14:04 by john09
Meanwhile ptec share price looks firm
Playtech share price data is direct from the London Stock Exchange

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