Sportech Share Discussion Threads

[trentendboy] 23/11/2017 09:29

Indeed. Nice start

[noujay] 23/11/2017 08:31

Yes holders a little ahead so far. Next stop news on the sales process

[o1dsmokie] 23/11/2017 08:31

Looks like a quid will be tops after the cash payout following a bid?

[finkie] 23/11/2017 08:30

Buying at 81p so that equals 110p with the 29p distribution good news

[nod] 22/11/2017 19:07

"Giles Vardey has more than 35 years of business and boardroom experience..."I saw a few news articles online which wrote: "Giles Vardey, age 35, ..."Not quite the same.

[noujay] 21/11/2017 16:14

Doesn't take much to move it about a bit. A few nerves as to whether to take the dividend or bail I imagine as the record dates approach!

[nod] 21/11/2017 03:45

On 18 December SPO will distribute nearly GBP54 million to shareholders. In August they had 76 million in cash, so we will still have GBP22 million cash in the bank which a buyer needs to add to the price of the business.Should a sale not proceed, SPO may choose to pay another dividend as it doesn't appear to need that much cash for operations. 81% of the shares in issue are held by nine major shareholders with between 4.7% and 22% each. There will be another bunch of instis below 3%. There are not many shares held by PIs.

[o1dsmokie] 20/11/2017 11:05

Agreed, can`t see any massive bid 120 is about right.

[trentendboy] 17/11/2017 09:27

yep, bought in to get the sale through at a good price.

All positive - I can see £1.20 take out price - hard to see much more.

[noujay] 17/11/2017 09:17

Doubt it, they've already indicated the process is underway with interested parties and somebody will be very pleased with the US connects in the climate.

[o1dsmokie] 17/11/2017 09:07

or there may be no sale and they need a new face to keep up?

[noujay] 17/11/2017 08:12

Just been drafted in to help wrap up a sale by the looks of it - which I would suggest means that there's enough interest to merit the appointment and the wheels are in motion

[o1dsmokie] 17/11/2017 08:04

The new bloke certainly has huge experience of going broke ffs!!!!

[nod] 17/11/2017 07:37

A very experienced non-exec appointed."Further to the announcement issued on 6 November 2017, Sportech is pleased to announce the appointment of Giles Vardey as an Independent Non-Executive Director of the Company with effect from 4 December 2017.Giles Vardey has more than 35 years of business and boardroom experience, latterly in non-executive roles at public and private companies.His executive career was in the financial services industry where his roles included Chief Executive of Greig Middleton and President and CEO of Fidelity Brokerage Services. For five years he was Director of Markets Development and Marketing at the London Stock Exchange prior to which he held senior investment banking positions at firms including Salomon Brothers, County NatWest and Swiss Bank Corporation.He has held non-executive positions at companies including Collins Stewart Hawkpoint plc, Plus Markets plc and London Capital Group Holdings plc. His gaming industry experience includes the role of Non-Executive Chairman of Trident Gaming Limited from 2005 to 2008, when the business was sold to Partygaming plc.As required to be notified under Section 9.6.13 (1) to (6) of the Listing Rules, Mr Vardey was a director of Xtorp Limited at the time creditors' voluntary liquidation proceedings were initiated in 2001, and was a director of Brightview Limited within the 12 months preceding administration proceedings being initiated in 2003.

[runthejoules] 16/11/2017 22:56

That is actually a genius idea Lucyp00p. Up till now I have held all my shares in an ISA - if I were to follow your example, would that loss only be offsettable against CGT or would it be offsettable as a loss against general tax? I think the answer is the former but thought I should really check as this could wipe out my entire tax bill...

[noujay] 16/11/2017 17:02

This looks to be a decent small sized target given its US presence and the regulatory climate change expected there.It's also got to be sold soon as the key management aren't even going to be there come January! Obviously they would extend to oversee the process but surely this goes quickly. What I can't get a handle on is price

[o1dsmokie] 16/11/2017 11:41

£500 quids worth of interest today#

hahahahahah

[van zandt] 16/11/2017 11:34

The 29 pps payout is good and I do not see it as affecting the eventual purchase of SPO.

Yes the share price will go down if the sale is not completed before the 24th Nov.; it also makes SPO much cheaper for a number of other possible bidders. More bidders is good!

Let us not forget they will want access and to get control of the current and possible future licences in the hands of Sportech plc with the considerable revenue stream under development.

It may slow the sale down after the 24th November, so personally I will want to take the div and then take my chances on the sale.
As ever regards,
VZ

[noujay] 16/11/2017 10:57

The bet here is surely that a sale process winds into gear quickly and gives a bump

[o1dsmokie] 16/11/2017 10:21

£5k divi suggests a holding of around 17,000 if the price falls back by the 29p that`s a similar capital amount of loss of £5k, bit of a risk to show a loss-CGT is not huge these days

[lucyp00p] 16/11/2017 09:55

So I'm loading up now. Take my £5k tax free divi and then sell XD to book a capital loss.

[nod] 16/11/2017 09:38

Wow.Sooner than expected. More than expected.The share price may fall by around 29p on XD date Thursday 23 November.If SPO is in talks with prospective buyers then the cash payout is possibly a way to make an acquisition easier.

[trentendboy] 16/11/2017 08:24

Nice special dividend - mine in an ISA or all good gravy

Always good to get a few extra quid for investment elsewhere in the sector.

Something big is going to pop soon with Stars , GVC and Ptec at the forefront of the action.

[finkie] 16/11/2017 08:22

Stephen you are hilarious life must be tiresome being so negative on everything! Time to go to the bank in 4 hours and clog up the queue for the office workers who have 15 mins 🤣

[noujay] 16/11/2017 08:19

That's true of course. But nonetheless it's a good payout for anybody who already holds and if they get a sale away then it could be a tidy few weeks.