Sportech Share Discussion Threads

[cue ball 148] 21/8/2014 10:47

Sportech, all smoke and mirrors. Huge success in the states means? Rockall in shareholder benefits. the next trick? spot the ball benefits or otherwise, shareholders will derive no benefit on success and will receive a good kicking on failure.
Trent, ask any Arena leisure investor if these directors can be trusted to share any good fortune with their shareholders?? In the main these bluffers were all on Arena board led by the top bluffer(hiding in the undergrowth) Trevor Hemmings.

[nod] 21/8/2014 10:16

haha :)Was that the good news?

[trentendboy] 21/8/2014 08:47

Surprising fall given decent progress. Bad weather in the US was known as well as the stronger pound.

SPO close to being debt free with a profitable business.

I would expect a divi next results if tax overpay is kept

[somerset lad] 20/8/2014 09:46

SPO said late summer. Judgment very unlikely in August (but all depends on the commitments of the Tribunal members).

[nod] 19/8/2014 09:33

Was it UTT or SPO who said late summer?It could be an Indian Summer.A fall on a negative result is likely to be over baked by traders whereas a rise on a positive result is likely to be a steady climb based on investors.

[trentendboy] 19/8/2014 09:07

The summer is coming to an end. Could hear any day that SPO can actually keep the money that it has already been paid. Not such a stretch.

Question is what % uplift would SPO get when it comes through - a lot will be in the price but I would expect at least 10% from here.

How much would it fall on a negative result? Then I would guess 20-30%.

This make me a pessimist?

[nod] 19/8/2014 00:27

Call me an optimist if you will but I feel the longer it takes for the UTT decision to be published the more likely a finding in SPOs favour. If UTT finds in SPOs favour the accompanying report explaining the rationale for the decision will need to be bullet-proof.

[nod] 06/8/2014 18:21

Hawthorne will be Sportech's first North American customer to receive its next generation self-service wagering terminal....ATLANTA, Aug. 6, 2014 /PRNewswire/ -- Sportech Racing and Digital, a division of Sportech PLC, (LSE: SPO), announced today that it will deliver a wide range of Sportech's newest technologies for wagering to the patrons of the renowned Hawthorne Race Course in Stickney, Illinois. In addition to supplying totalisator and related services over a 10-year period, Sportech will supply Hawthorne Race Course with a full suite of digital and land-based betting technologies, including the G4 Internet wagering framework, a new Digital Link™ mobile suite, and the new Sportech Kiosk for self-service account set-up, funding and cashing. In addition, Hawthorne will be Sportech's first North American customer to receive its next generation self-service wagering terminal.

[scrapman] 04/8/2014 13:04

wonder how long HMRC's summer is ??

Henderson still adding ??

[trentendboy] 30/7/2014 10:29

21st August - I wonder if the date has been picked to coincide with the announcement.....

[miss ann thrope] 30/7/2014 09:47

OOOHH
Refreshments at the meet, I`ll be there , make me a bacon egg, black pud, sausage ,hash brown , kidney butty please, hold the pancakes , I ` aint greedy

[nod] 29/7/2014 23:43

Yes, it must be getting close. There are no signs of any leaks. The UTT will be compiling its meticulously worded report. The decision either way will set a precedence for similar claims.

[trentendboy] 29/7/2014 11:11

Must be getting closer to a decision. Any big move either way will be telling in the next few weeks.

Has to reach £1 if they get the cash. Debt free and expanding business. Special dividend chance

[trentendboy] 16/7/2014 22:31

The recent fall is market driven really - the city priced in a higher success percentage but any positive outcome would see a large rerating.

I am holding for the core US licences as well as a better performing legacy than many expect.

[nod] 16/7/2014 22:03

The clock is ticking towards the UTT decision. 93 million pounds is in SPOs bank account and another 3 million will be paid by Revenue if the UTT support the FTT ruling "later this summer".2 May:"The Group has been advised to expect a decision from the Upper Tribunal later this summer."Should UTT rule that FTT was incorrect then SPO pays back the 93 million.

[nod] 11/7/2014 03:50

Betfred's comments make it clearer that the SPO deal is part of Betfred's push to take their tote products international and be able to offer other products alongside it.First deliverables are due early next year.

[trentendboy] 08/7/2014 10:15

Indeed - I suspect once VAT is sorted (hopefully favourably) then we are in play especially if there is a big pile of cash on the books.

[miss ann thrope] 08/7/2014 09:20

Yes I was wondering if anyone was sniffing around too Trent, although the possible VAT claw back may be an offput?

[nod] 08/7/2014 09:17

SPO lost out in the bidding for UK Tote but at least get a decent sized contract in the end. Shows that SPO was probably the most able to operate the Tote.

[trentendboy] 08/7/2014 08:21

Nice contract win and firms up SPO's position as tech innovators in addition to all the US action

[johnwise] 08/7/2014 07:13

Sportech PLC Sportech PLC Wins UK Tote Contract

RNS Number : 6660L

08 July 2014

Sportech is pleased to announce that its Racing & Digital division has been selected by Betfred to provide a comprehensive suite of new betting technology products to its Totepool business (previously known as The UK Tote).

The ten year contract is expected to be worth over GBP9 million in total revenues. Totepool holds the exclusive licence to operate all Tote betting on British horseracing, which is considered by many to be amongst the best horseracing in the world.

Ian Penrose, Chief Executive of Sportech, said:

"Sportech processes $13 billion of bets annually for racing customers in 25countries, and now I am delighted we are able to add the UK Tote and Betfred to our list of partners. Betfred has a number of ambitious plans, and we are pleased to be able to assist them to improve the customer experience for Tote betting on UK Horseracing."

[trentendboy] 02/7/2014 20:56

Joint broker.

Often associated with TO or large acquisition

SPO up for sale?

[cue ball 147] 02/7/2014 19:54

Sportech is run to suit all interested parties, except shareholders. Ask the previous holders of Arena shares and to a man/woman they will look at the owners of Sportech as against their involvement with Arena and urge extreme caution.