Share Name Share Symbol Market Type Share ISIN Share Description
Sportech LSE:SPO London Ordinary Share GB00B28ZPV64 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +3.25p +3.39% 99.00p 98.50p 99.00p 100.00p 96.00p 97.50p 736,930 14:52:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 98.6 30.7 6.4 15.5 183.76

Sportech Share Discussion Threads

Showing 4551 to 4575 of 4575 messages
Chat Pages: 183  182  181  180  179  178  177  176  175  174  173  172  Older
DateSubjectAuthorDiscuss
21/9/2017
02:46
The estimated tax of $100k would indicate an estimated betting turnover of $6.25 million
nod
21/9/2017
02:40
Same news as above but with a bit of extra information.Danbury OTB parlor wins zoning commission approvalBy Kevin Zimmerman September 20, 2017Danbury's first off-track-betting (OTB) parlor has taken a major step forward, following the city's zoning commission's 6-3 vote in favor of approving a zoning regulation amendment.The issue – long a bone of contention for several Danbury residents and businesses – now goes to Danbury's 21-member City Council, which is expected to take it up as early as next month.If passed, the amendment would allow the addition of an approximately 1,200-square-foot OTB operation to the second floor of Two Steps Downtown Grille, a longtime fixture at 5 Ives St.Gambling and entertainment company Sportech, which has exclusive licensing rights to OTB in Connecticut, has pledged $750,000 to renovate the eatery and has said that it will provide 1.6 percent of its gross revenue to CityCenter Danbury, the special taxing district formed by merchants in the late 1980s. City officials have estimated that sum could be as much as $100,000 per year.In July, Sportech opened an OTB at Bobby V's Restaurant and Sports Bar at 268 Atlantic St. in Stamford.https://westfaironline.com/93974/danbury-otb-parlor-wins-zoning-commission-approval/
nod
19/9/2017
03:12
Off-track betting project moves forward in DanburyBy Rob RyserUpdated 6:02 pm, Monday, September 18, 2017DANBURY - A city businessman has one hurdle left to clear to build an off-track-betting parlor in his downtown restaurant.That hurdle is Danbury's 21-member City Council, which now has the power to allow an OTB parlor in a restaurant on a case-by-case basis.The city's Zoning Commission last week amended its regulations to permit a state-regulated OTB parlor as a secondary use in a city restaurant, subject to City Council approval.The commission's approval advances the application of Tom Devine, the owner of Two Steps Downtown Grille, who has been lobbying the city to permit a deal he has with Sportech, which holds the only OTB license in Connecticut.Sportech plans to spend at least $750,000 to create a sports-bar theme at Two Steps, where patrons can place horse bets as easily as orders for blackened chicken wraps.A similar OTB recently opened at Bobby V's sports bar and restaurant on Stamford's Atlantic Street."It's doing great business," Devine says of the Stamford venture. "The main thing is people are reacting to it as a restaurant, because that it what it is."Not everyone agrees. For example, before the amendment was passed last week, Zoning Commissioner James Kelly questioned the impact of gambling on the health, safety and welfare of the public.http://www.newstimes.com/local/article/DANBURY-12207022.php
nod
18/9/2017
21:47
I suspect new Chairman, Richard McGuire, has plans. A veteran investment banker is likely to have takeover plans of some kind.From last November news:In his first purchase of shares at Sportech, non-executive director Richard McGuire has bought 300,000 in the Football Pools owner.McGuire, who joined in August 2016, paid out 67p a share – spending £200,000. The veteran investment banker, who has worked at HSBC, Salomon Brothers Baillie Gifford and Citigroup, was also non-executive director at pub group Mitchells & Butlers and joint owner of broadcaster Turf TV, which provides live racing coverage to bookies.The purchase comes a week after betting technology firm Sportech axed the sale of its Pools business to Burleywood Capital for £97.3million.
nod
18/9/2017
20:33
Expect sportech to disclose anything? In your dreams. Arena holders were dealt similar cards, after all, attheraces is a successful outfit bought and paid for with Arena holders money, what did Arena holders get? Sweet fa. Sportech have barrowloads of wonga, how much will holders get, very very little. How much will directors get and major holder? Most of it, rest assured. Sportech will come up with a good wheeze shortly that will stuff holders.
stephen1946
18/9/2017
19:53
A very unusual situation to lose your CEO and CFO on the same day and announce another strategic review.This doesn't appear to have been planned or on the horizon on 24 July when SPO announced its generous executive Value Creation Plan and they gave up 700k recently awarded options in exchange. Perhaps this plan did not go down well with major shareholders who saw it as snouts in the trough.Something is going on behind the scenes.It could be takeover talks but I would have expected them to disclose this.
nod
18/9/2017
12:10
So why the heck won't good news stick in this company??
runthejoules
18/9/2017
07:28
Looks like they've put themselves up for sale - 'FOR SALE'
gersemi
18/9/2017
07:14
Sounds like the company is very much in play now. Now whhich companies've got some spare change down the back of the sofa? Sportech PLC - Board Changes & Strategic Review: 18 September 2017 Sportech PLC ("the Company") announces that it is undertaking a comprehensive review of the business and the capital structure, with all options to optimise value for the benefit of shareholders under consideration. Ian Penrose, CEO and Mickey Kalifa, CFO have informed the Board of their intention to resign from their current roles. Ian will remain with Sportech until 31 December 2017. Mickey's resignation from the Board is effective as of today but he will remain with the company until 31 October 2017. Ian and Mickey will assist in an orderly transition in the coming months. Richard Cooper, currently Chair of the Audit Committee, will assume oversight of the finance function. This follows a successful turnaround in the business under their leadership, in which the Company secured £97m gross receipt from its VAT litigation case, modernised and sold the Football Pools, repaid £65m of debt and returned £21m to shareholders with an anticipated substantial distribution to follow from the Group's £64m net current assets as at 30 June 2017. The Company will provide an update on the strategic review and the future management structure with the Group's trading update on November 9, 2017. Richard McGuire, non-executive Chairman of Sportech, commented: "We would like to thank Ian for the tremendous job he has performed at Sportech. He presided over the transformation of the Company from a UK focused business into a respected, fully licensed and regulated global gaming technology supplier and gambling operator in the US with a strong balance sheet". "Mickey led a remarkable transformation in the company's financial strength as CFO and previously when Corporate Development Director, in prominently driving Sportech's global expansion. On behalf of the Board, I would like to thank him for his work over many years and wish him continued success in the future". "As Chairman, I will be leading the strategic review process to ensure that the best path forward is delivered for shareholders". Ian Penrose commented: "I have enjoyed my time at Sportech in which the company has enjoyed a transformational period from a rapidly, and many thought terminally, declining UK business with debts exceeding £112m and 5x leverage, into the business it is today. We stated two years ago, when the share price was 65p and we had £65m of debt that we would deliver growth in shareholder value. I am therefore delighted that we have delivered a £150m net turnaround in the financial position of the Group. This includes the return of £21m to shareholders, the elimination of the debt and the current substantial cash, resulting in a share price that has increased by around 50% over these two years. In addition, Sportech has a great North American based business with both organic and strong regulatory growth opportunities." Mickey Kalifa, said: "I have been with Sportech for eight years and have thoroughly enjoyed my time at the company and driving the Group's successful financial turnaround. However, I believe it is time to move to the next stage of my career. I am very confident that Sportech will continue to deliver value for shareholders and customers alike."
runthejoules
04/9/2017
13:30
Thanks Nod.Even stripping out the possibility of an exceptional distribution to shareholders there's some interesting stuff here.
noujay
04/9/2017
12:35
Yes. That sums up the past seven years.The status of the claim for compound interest is below. A final decision is expected this year."Compound InterestIn 2009, Sportech submitted an additional claim that could entitle it to receive compound interest, rather than simple interest, on the amount of overpaid VAT. Whilst the quantum of the claim is not yet known precisely, it could more than double the total sum receivable to date.This claim is on hold pending the outcome of Littlewoods Retail Ltd and others v HMRC, which is scheduled to be heard in the Supreme Court in July 2017. In that case, the Court of Appeal unanimously upheld the High Court's decision that the taxpayer was entitled to interest on a compound basis on the overpayment of VAT."
nod
04/9/2017
10:26
So they have won the case against HMRC, with the final Supreme Court appeal by HMRC having been thrown out, and now they simply await adjudication on interest..is that accurate?I am new to this and just starting some research so appreciate any opinions/feedback.
noujay
01/9/2017
10:05
Interesting - the upside really is significant and as long as the US keeps going at the same pace the downside is very low. It is just a little less exciting that some others (888, SCH or GAN)
trentendboy
01/9/2017
09:17
mention in this weeks shares magazine for SPO. SPO may soon pay shareholders cash equal to nearly one third its current market value(29%),according to investment bank investec.It believes the payout could be upto 29p per share.Investec believes a positive outcome on its compound interest legal battle could be worth between 150m and 250m which equates to 81p and 135p per SPO share. DYOR
funchalman
25/8/2017
12:37
I think SPO execs will want to reduce its cash pile very quickly otherwise it could become a takeover target. Shareholders may like a takeover at a nice premium but the directors will not want to be thrown off the gravy train.
nod
24/8/2017
14:26
What about the court sanction being sought to release £55m to shareholders any comment on that........that would seem a major return of cash to me?!
finkie
24/8/2017
08:41
Decent results. I agree with Nod, the licences are what I like and why I stay heavily invested.They could be taken out as well with that cash and those assetsAny court case news?
trentendboy
24/8/2017
07:45
Net cash of £76.2 million compared with net debt of £59.8 million this time last year.
nod
24/8/2017
00:21
VZ, The nice thing about the Dansk Hestevæddeløb contract is that SPO is in a monopoly situation. This is the case with most if the contracts it operates under licence to the government regulator. Just like operating the National Lottery is a monopoly. Of course, they still have to perform and deliver top service with leading edge technology, otherwise you lose the contract on renewal.We need a lot more contracts to replace the Football Pools, which was highly profitable for a sunset business.Warren Buffett likes monopolies and businesses that have a wide unassailable moat around them. Me too.There is uncertainty as to where SPO will invest. Hopefully, SPO will gives shareholders a heads up this week. We are sitting on a pile of cash today, whereas in the past we always operated with a pile of debt. Being highly cash generative servicing the debt was not an issue but it often made SPO a target for bears looking for targets in weak markets.
nod
24/8/2017
00:06
Stephen, you did tell us this at 60p.The share price has risen 60% since then.I hope your investments are going well.
nod
23/8/2017
20:06
Nothing here for shareholders, I did tell you. Like Arena Leisure, Sportech is for the benefit of major shareholders and directors.
stephen1946
23/8/2017
18:56
Hi Nod and others, Nod I just don't know quite what is going on with SPO , just have a funny feeling but we will see tomorrow may be good or we are blind sided again. I suppose you have seen details published August 9th 2017, I sourced it from Bloomberg. "Dansk Hestevæddeløb ApS, Operator of All Nine Racetracks in Denmark, Selects Sportech as New Technology Partner 2017-08-09 Dansk Hestevæddeløb ApS, Operator of All Nine Racetracks in Denmark, Selects Sportech as New Technology Partner PR Newswire NEW HAVEN, Conn., Aug. 9, 2017 NEW HAVEN, Conn., Aug. 9, 2017 /PRNewswire/ -- Sportech Racing and Digital, a division of Sportech PLC, (LSE: SPO), has been selected to provide pari-mutuel betting technologies and services to Dansk Hestevæddeløb ApS ("DHV"), the joint operating company for horse racing and operator of all nine racetracks in Denmark. Sportech Racing and Digital has had a presence in Denmark for many years, providing Danske Spil A/S, the national lottery in Denmark and a valued long-term customer, with pari-mutuel betting technology for land based and digital channels. DHV's selection of Sportech follows the Danish Government's decision to liberalize horse race betting effective January 2018. Sportech will provide a suite of pari-mutuel betting technologies and services including the central system that will act as the Danish national host to consolidate all betting from private betting operators, including Danske Spil. The package will comprise Sportech's Quantum™ System, the most widely deployed pari-mutuel betting software in the world, and hosting services from Sportech's worldwide service delivery network. The Quantum™ configuration will also facilitate the implementation of digital betting solutions, such as Sportech's G4 website and Digital Link™ mobile, by future private operators. Henrik Friis, CEO of Dansk Hestevæddeløb ApS, stated, "We sought a technology partner with an exceptional suite of products and services, strong options for digital and self-service betting, and direct access to global commingling markets. Sportech met these requirements, and their well-established track record and presence in Europe assures us that we will receive excellent support. We are looking forward to working with Sportech to offer a reliable and satisfying betting experience to our private betting operator partners." Andrew Gaughan, President of Sportech Racing and Digital, stated: "We at Sportech are very pleased to have been selected by Dansk Hestevæddeløb as their tote technology provider and look forward to working with them to help grow betting on horse racing under Denmark's newly liberalizing horse racing environment. We are pleased to note that this agreement further cements Sportech's position as the leading independent provider of pari-mutuel betting technologies and services in Europe, building upon Sportech's already strong position in Denmark, the United Kingdom, Ireland, Finland, The Netherlands, Turkey, Spain, and Cyprus." About Sportech Racing and Digital and Sportech PLC Sportech Racing and Digital is a leading global provider of wagering technology solutions to licensed betting operators and a division of Sportech PLC, one of the world's leading operators and suppliers of pools betting services. The Sportech Racing and Digital footprint is international in scope, with significant market positions in The Americas and Europe and a growing presence in Asia. Globally we process $11.6 billion in bets annually, with a presence in 37 countries, and customers in most US states that permit such betting. In addition to software, hardware, and services that facilitate land-based pari-mutuel wagering, Sportech is one of the largest internet and mobile wagering technology providers in the U.S. Sportech's Bump 50:50 division provides technologies and services to allow charitable foundations affiliated with professional sports teams to implement 50/50 raffles. This year, Sportech Racing and Digital is proud to celebrate its Centennial Anniversary. For more information on Sportech Racing and Digital, please visit www.sportech.net. For more on Sportech PLC, please visit www.sportechplc.com. View original content:hxxp://www.prnewswire.com/news-releases/dansk-hestevaeddelob-aps-operator-of-all-nine-racetracks-in-denmark-selects-sportech-as-new-technology-partner-300501883.html SOURCE Sportech Racing and Digital as ever regards, VZ
van zandt
22/8/2017
22:29
Only one trading day (two sleeps) before the Interims. There has been little trading in recent days. Fingers crossed for news about the future.I keep an eye on NYX as we still have a stake in them. They are doing well although their stock price isn't. Q2 results released today.NYX Gaming Group Limited Reports Second Quarter 2017 ResultsSource: PR Newswire (Canada)Revenue of $61.0 million, up 73.3% year-over-year, and Adjusted EBITDA of $17.5 millionLAS VEGAS, Aug. 22, 2017 /CNW/ - NYX Gaming Group Limited (TSXV:NYX) ("NYX" or the "Company") today announced financial and operating results for the second quarter ended June 30, 2017. All amounts expressed are in Canadian dollars unless otherwise noted."We saw positive momentum in the second quarter with sequential improvement in revenue, adjusted EBITDA, and adjusted EBITDA margin from the prior quarter," said Matt Davey, CEO of NYX Gaming Group. "Our development pipeline remains strong and we continue to sign new customers at a steady rate, as our sportsbook, gaming, and content offerings are resonating with customers and driving scale and operating leverage in our business."Second Quarter 2017 Highlights*Revenue of $61.0 million, or growth of 73.3% year-over-year;*Organic revenue growth of 50.6% year-over-year, excluding the impact of the OpenBet and Betdigital acquisitions in May 2016;*Royalty and license revenue of $31.9 million, or growth of 53.1% year-over-year;*Gross profit of $51.9 million, or 85.0% gross margin compared to 87.3% gross margin during the second quarter of 2016;*Adjusted EBITDA of $17.5 million, an increase of 66.7% over the prior year period;*Net cash provided by operating activities of $11.5 million compared to net cash provided by operating activities of $3.1 million during the second quarter of 2016 and $8.4 million during the first quarter of 2017;*Signed 18 new agreements for the Open Platform System ("OPS") and Open Gaming System ("OGS");*Launched OGS content across 13 new client sites; and*As of June 30, 2017, held development commitments with 36 customers that have not yet launched.Second Quarter 2017 Operating Results and HighlightsDuring the second quarter of 2017, NYX signed 18 new agreements for OGS and OPS and successfully launched OGS content across 13 new client sites including Soft Swiss, JAXX, Sekabet, Casino Gran Madrid, and Goldbet. NYX also launched 21 new slot games on the OGS platform including games with PokerStars NJ, a Stars Group brand in New Jersey, USA. This extends the Company's long-standing partnership with The Stars Group as leaders in digital gaming in regulated territories.
nod
18/8/2017
09:45
Nod totally agree it's been pointless they should have proposed special divi or sat on cash, the interim had better show progress here.....
finkie
17/8/2017
10:41
The Interim Results for the six months ended 30 June 2017 will be announced on Thursday 24 August 2017.
nod
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