Sportech Share Discussion Threads

[trentendboy] 21/2/2016 22:37

Interesting. A lot more consolidation in the sector still to come.Big gains still here

[stephen1946] 21/2/2016 11:38

A bonus payment coming to sportech holders? In your dreams, wait for the next announcement, something like, your board is now looking for more opportunities to enhance shareholder value. Meanwhile directors will receive lots of wonga and top dog hemmings should have earned a big wedge. Holders? Go fly a kite.

[nod] 21/2/2016 09:50

Pools set for £100m floatTHE football pools is set to become a stand-alone public company for the first time under an ambitious £100m takeover plan drawn up by a former executive.Ian Hogg, the former chief operating officer of the pools' owner Sportech, is in talks to create a new London-listed company to buy the institution, sources said this weekend.Hogg has the backing of City fund managers for the takeover and is being advised by stockbroker Cenkos Securities, insiders said.Sportech has granted Hogg preferred bidder status ahead of other suitors, including Canadian company Contagious Gaming, sources said. Hogg is willing to pay almost £100m.The potential deal comes two months after the pools attracted a gaggle of bidders in the wake of an approach from Netplay, the AIM-listed outfit backed by controversial Israeli billionaire Teddy Sagi. Netplay pulled out of the running after it was drawn into a bidding war.

[stephen1946] 20/2/2016 08:57

You notice anything, yes thats right, sportech will deliver tomorrow, not soon, but eventually.
Of course something will prevent imminent delivery, but thats what these clowns do, promises, nothing else, just promises. Avoid, avoid, avoid.

[stephen1946] 17/2/2016 17:26

Hard hats and lots of guts needed, this is following the normal pattern.
Penrose is a bluffer just like his chum hemmings.

[nod] 17/2/2016 16:54

Notice of ResultsSportech PLC, one of the world's leading pool betting operators and technology suppliers, will announce its Preliminary Results for the year ended 31 December 2015 on Thursday 3 March 2016.An analyst presentation will be held at 9.30am on Thursday 3 March 2016, with refreshments served from 9:00am, at:Brunswick Group LLP16 Lincoln's Inn Fields

[trentendboy] 12/1/2016 08:36

Clearly not prepared to enter a bidding war with bigger fishShame in a way, wise for net pay who I hold as wellI am sure spo will get a good price

[nod] 12/1/2016 07:19

Sagi knows how to buy assets cheap and sell them expensive.Interactive TV gaming firm NetPlay TV (LON:NPT) told investors it had withdrawn from talks with betting firm Sportech (LON:SPO) over buying its football pools business.It comes as it emerged that Sportech has received a "number of proposals" for the pools business and invited parties to submit final proposals by mid-January 2016."After careful consideration the company has decided not to enter into this process and has therefore terminated discussions," said NetPlay in a brief regulatory statement.Trading in NetPlay shares will therefore be lifted from suspension this morning.

[utterly pointless] 05/1/2016 10:54

The case has now been listed for 7th or 8th April 2016

[trentendboy] 04/1/2016 23:54

Rumours of who are bidding will kick in at some point I am sure.

The recent price action suggests things hotting up.

[nod] 04/1/2016 22:03

Finkie, in reply to your question on the Court of Appeal date. There is no date set. SPO said they would advise us when a date is scheduled. One of my Christmas wishes was that this VAT claim would end soon but this is the judicial system and quickly is not a word the judiciary use."The Court of Appeal will now schedule a new hearing date and the Group will provide shareholders with an update accordingly."

[nod] 24/12/2015 02:05

The Board of Sportech confirms that it has received a number of indicative proposals in respect of The Football Pools. Consistent with the Board's focus on maximising value for all shareholders, the Board has decided to invite each interested party to submit their best and final proposals by mid-January 2016. The Board will then consider any such proposals and determine whether it is in the best interests of shareholders to proceed with a sale of the business.

[nod] 21/12/2015 15:28

Netplay release21 December 2015Press Speculation and Statement re SuspensionThe Company notes the recent press speculation and confirms that it has held discussions with the board of Sportech PLC in relation to a potential acquisition of The Football Pools business (the "Acquisition"). These discussions are at a very preliminary stage and there is no guarantee that any agreement will be reached.If it proceeds, the Acquisition would constitute a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies. Accordingly, the Company's ordinary shares have been suspended from trading on AIM with immediate effect and will remain suspended until either these discussions have ceased or an AIM Admission Document has been published.The Company will update shareholders with further information as appropriate.

[nod] 20/12/2015 02:25

nteresting. Teddy Sagi knows Sportech very well because PTEC held a 10% stake and the two companies shared directors and Chairman.Israeli billionaire backs £100m takeover tilt at football poolsDaniel Dunkley Published: 20 December 2015About 300,000 people regularly play the football poolsTHE controversial Israeli billionaire who bought London's Camden Market is backing an audacious plan to take over the football pools.Teddy Sagi, whose recent attempt to buy spread-betting company Plus500 was rebuffed by regulators, is a big investor in Netplay, a London-listed tech outfit that has made a behind-the-scenes offer to buy the pools from current owner Sportech. The two sides are understood to have begun talks already - just a few weeks after Sportech ended another set of takeover discussions with a Canadian rival, Contagious Gaming.Experts said the pools could be worth up to £100m. It is understood that Netplay's initial offer is some way below this figure.Sportech and Netplay declined to comment

[nod] 11/12/2015 00:18

Excellent contract win in the highly regulated Malaysia gambling market. Malaysia betting benefits from Chinese visitors.Royal Sabah Turf Club stated, "The adoption of new betting technologies from Sportech is key to the Royal Sabah Turf Club's strategy, including offering new betting opportunities to our players, expanding the distribution of the Turf Club's racing to off track sites, and delivering fast, accurate customer service at the point of sale. We look forward to a productive and beneficial business relationship with Sportech." Andrew Gaughan, President of Sportech Racing // Digital said, "We are happy to welcome the Royal Sabah Turf Club to Sportech's growing list of customers, and are very pleased to announce this expansion of Sportech's global market presence into Malaysia. We expect that our technologies will elevate the overall player experience in Malaysia, and help Royal Sabah Turf Club expand the distribution of their betting products."

[finkie] 02/12/2015 08:54

Henderson up holding to over 28%

[nod] 01/12/2015 02:25

Bobby Valentine's planned Conn. betting facility delayedBobby Valentine was the Red Sox' manager in 2012.By the Associated Press NOVEMBER 30, 2015STAMFORD, Conn. - A proposal from former Red Sox manager Bobby Valentine for Stamford's first off-track betting facility has been approved by the city's Board of Representatives, but the project remains in limbo thanks to a pending corporate takeover.Valentine, a Stamford native, has partnered with gambling giant Sportech to open the would-be off-track betting site at a former pool hall on Atlantic Street, according to The Advocate of Stamford.Valentine said $8 million in renovations to the structure have yet to be completed in the midst of Sportech's proposed takeover by Canada-based Contagious Gaming.The companies have yet to reach a takeover agreement despite several deadline extensions.Valentine and Sportech president Ted Taylor said they will have a better handle on the project's timeline by next week.Sportech operates all 15 off-track betting locations in Connecticut.Valentine managed the Red Sox in 2012, and also managed the Mets and Rangers. He is currently athletics director at Sacred Heart University in Fairfield.

[finkie] 29/11/2015 08:13

When is the court date shocking treatment by the court of appeal, this needs a decision quickly now.

[nod] 20/11/2015 21:20

Is the correct link to the new BETJET terminal

[nod] 20/11/2015 20:02

Here's the new BETJET SL terminal that is being deployed. It integrates with SPO's digital voucher and Digital Link system. It's good to see SPO winning new customers in its niche market of Pari-mutuel and tote betting, where it is by far the global leader. Over 100 customers around the world.

[brownie69] 20/11/2015 08:28

Heading south towards my 40p target.

They will sell the pools but no way it makes a £100m. When its gone most of proceeds will be gone in debt repayments.

Whats left;
A couple of US retail outlets and a failing US horse racing business.

[finkie] 17/11/2015 15:05

when is the revised court of appeal date??? very disappointing it was delayed.