Sportech Share Discussion Threads

[o1dsmokie] 30/10/2017 11:31

WTF is going on-I`m lost

[nod] 27/10/2017 09:00

Trevor Hemmings reported his holding on the 24th. 5,000,000 shares 2.69%He once owned around 28%

[stephen1946] 26/10/2017 19:14

Nod my friend, the late, Sir Fred Pontin told me everything i ever needed to know about Hemmings and Penrose(John Penrose also)

The advice was, be very careful of these people. The stories Sir Fred told me, about them, were both astonishing and unbelievable.

Hemmings is most certainly not a friend of mine.

[o1dsmokie] 26/10/2017 08:10

Still zero trades!

[nod] 26/10/2017 01:39

Stephen, it looks like your friend Hemmings has sold most now and Penrose leaves SPO in two months. They are no longer the kingpins here. Penrose sold a fairly big chunk recently of around GBP 250k. He may have needed the cash for an investment or may have decided the share price will not go up very much. He still has a reasonable stake but may sell those too.

[o1dsmokie] 25/10/2017 09:54

I wonder if there is concern about the VAT?

[o1dsmokie] 25/10/2017 09:26

Another load of shares added without showing in the LSE trades, weird!

[stephen1946] 25/10/2017 08:52

Smoke and mirrors, hemmings and penrose. Best left alone.

Black hole somewhere.

[o1dsmokie] 25/10/2017 08:32

So they haven`t just bought the shares in question then?

[nod] 24/10/2017 17:20

Everyone with more than 1% holding is required to declare their hand under the Takeover Code. See the RNS dated 19 October for details.

[o1dsmokie] 24/10/2017 09:29

If all these new share holdings are being announced how come they don`t show on the
LSE trades?

[stephen1946] 24/10/2017 07:59

nobody would buy anything off hemmings and penrose

[o1dsmokie] 24/10/2017 07:51

Interested at what price?

[trentendboy] 24/10/2017 07:24

Four interested parties at this stage is excellent news. That is a feast in these terms.If only 2 decide they want it then the price could rise but as Nod says, current PE is decent but could be stretched to 17 or 18 for bid to go through

[o1dsmokie] 24/10/2017 06:52

If there was genuine interest the news would be leaked, the major shareholder would be keen to dump with a 40% rise, which one might normally expect!

[van zandt] 23/10/2017 16:36

It is hard to see who is doing what for and why for at the moment, with Lombard Odier having taken over some of the major shareholders- Hargreave Hale, whole teams moving over from 1798 Volantis and the Henderson connection.

Mr. Richard Griffiths has increased his holding again and is inter connected as a major share shareholder with many of the companies held by the other major iis holders in SPO.

I suppose Betfred might like to spread its footprint although it has spent quite a lot of money in recent time elsewhere.

SPO would be of interest to a private equity company who already have similar unlisted interests which could then be used as a medium for a much larger listing in the near future.
As aver regards,
VZ

[o1dsmokie] 23/10/2017 07:31

Not exactly a feast of interest?

[nod] 23/10/2017 07:30

The current market value of the operating business is around 15.6 times earnings. Mr Market has decided that is about right unless something changes.I always felt the US licences were something special as they are very hard to get. It took SPO a very long time to complete the acquisition of SG Racing. Playtech had to sell its 10% stake in SPO and board changes had to be made, before the US regulators would approve the SGR deal.Outside of the US the tote operations in 29 other countries would be of interest to ambitious tote operators.SPO said we have four interested parties before the first Open Home. That's good.

[stephen1946] 23/10/2017 07:29

Almost certainly there is a black hole somewhere.

[trentendboy] 23/10/2017 07:21

The judgement on VAT is worth a bit.

110 -120 might not be too far off but remember, there are so few quality assets left in this rapidly consolidating sector

SPO have some gold standard assets in the US which could become massive with regulation.

I can see a bidding war to get them - how far it will go is a different question but 120 is still a massive return from the current SP

[stephen1946] 23/10/2017 06:53

Of course something smells, its Hemmings and Penrosr.

[o1dsmokie] 23/10/2017 06:45

Something smells fishy

[van zandt] 22/10/2017 19:59

hi Nod,

you have the same figures as I have and yet some of the buy out prices I have seen range from 105p to 110p max.

so what I missing?
as ever regards,
VZ

[nod] 21/10/2017 23:12

Sportech has around GBP 76 million in cash.
"with further substantial shareholder returns still to come from the GBP76m cash balance." August 2017

The current market cap is around GBP 202 million. This values the operating business at only GBP 125 million.

SPO has licences to operate in 30 countries. Many of these licences are exclusive. SPO processes over $ 11 Billion in bets each year.