Sportech Share Discussion Threads

[nod] 28/11/2018 18:47

I've written many Strategic Plans over the past 30+ years. Small projects may go into the Strategic category if the business has decided to focus on an initiative and the outcome is expected to be significant in the context of the overall business. If the final outcome is likely to be insignificant then it's not Strategic. This means some new ideas and projects get canned in favour of Strategic projects. Few companies can do all projects.A purpose of Strategic Planning is to make sure the business is fully focused on activities and projects that are really important and not spending time and resources on projects that are not important to the growth of the business.

[marketing101] 28/11/2018 12:38

Non-material means cheap relative to the value of the company, Sportech, without disclosing actual price.

Strategic - I guess we will learn more at some point but sounds like they are ramping up their existing Lottery product. That would be my guess

[nod] 27/11/2018 06:48

VZ, I could find little information on LOT.TO so it's hard to see why SPO's RNS was titled "Strategic Alliance"Especially as the RNS goes on to state "The acquisition would be non-material in the context of the Group."How can it be immaterial and strategic?

[nod] 16/11/2018 20:36

It's encouraging that the Chairman has purchased a further 250,000 shares (paid 40.4 and 41p). He obviously thinks we are too cheap down here.

[van zandt] 16/11/2018 14:58

How very interesting to enter into such negotiations by Sportech and who exactly in company terms are we dealing with? In dealing with LOT.TO SYSTEMS LIMITED are we then dealing only with LOT.TO SYSTEMS LIMITED, or INTERNATIONAL TURF CLUB LIMITED, ASIAN RACING MEDIA LIMITED, PLAYLOT.TO LIMITED and then of course there is Timeweave Gaming Limited ; Timeweave Limited and maybe some of the above companies have been able to get their own Bank Account?

Like Sportech some of the above companies have seen their fair share of resignations in recent years. Who will Mr. A. J. Lindley be joining next?
Then again maybe we could all be on the television seen running around after something or other.
As ever regards,
VZ

[marketing101] 13/11/2018 17:19

The Sportech Plc website has an interesting in the News section re what’s happening in the business

[nod] 13/11/2018 10:41

CEO announces his departure and not a single share has traded.

[nod] 12/11/2018 19:02

Lumentum CEO Alan Lowe said one of its largest customers asked the company to "materially reduce shipments" for its products. Shares of Lumentum plunged more than 30 percent.The customer is believed to be Apple.This news sent my completely unrelated shares down 3% :((

[nod] 12/11/2018 10:57

It's disappointing that Connecticut, one of the most progressive States, has been so slow to finalise its sports betting licences. It just shows how long it will take other States. SPO well-placed with its sports bars already operational and taking sports bets on horses for many years."We are working proactively with Connecticut and other states in the US to secure the rights to conduct sports betting as a licensed operator and we expect that sports betting revenues will commence in the second half of 2019."

[nod] 12/11/2018 10:47

I see GVC-MGM recently signed up with Sportsradar for exclusive sports betting. Sportech signed Sportsradar on 31 May. It's comforting that Sportech made the right choice.

[nod] 09/11/2018 10:48

When one of the Captains jumps overboard it's probably a good idea to follow ... I'll try to remember this next time.

[finkie] 07/11/2018 13:32

someone buy this now please how cheap do you want it!!!

[nod] 07/11/2018 11:14

Good ole IC.

[oohrogerpalmer] 07/11/2018 09:14

Should have known, IC buying rating usually sign to seĺl !!!!

[nod] 07/11/2018 09:02

SPO's RNS says: "The latest forecast, however, would represent year on year Adjusted EBITDA growth of between 14% to 20%."

When they say "latest" I guess they mean today's ?

[nod] 30/10/2018 19:47

Richard Cooper's departure as non-exec director perhaps suggests there's a lot of Board work going on at SPO - which could be good news. With all the execs now in Toronto it is probably more time-consuming for uk-based Board members. "The role at Sportech has been more involved than was anticipated when I was invited to join the Board in May 2017, and I am unable to dedicate the time which is probably now required."

[lammylover] 31/8/2018 07:55

Investors Chronicle rate SPO a BUY at 63p! (previous rating was Hold)
Rich

[nod] 23/8/2018 12:16

It's encouraging that SPO had good attendance at its crash course on sports betting."In June, the Group hosted over 95 attendees, including racing customers, regulators and other constituencies at our "Sports Betting Crash Course" to educate and inform on the Sportech offering in the sports betting space. The division is aggressively developing our sports betting integration, and envisages being able to supply many of our racing customers with a sports betting solution that is integrated with their pari-mutuel betting solution."

[nod] 23/8/2018 12:12

"US Sports Betting In May 2018 we announced our agreement with Sportradar to deliver sports betting solutions to US operators. Since that announcement we have been working diligently to create our unique integrated solution for both the consumer market in Connecticut and to be delivered as a B2B offering for our racing customers across the 36 other US states where we have a B2B presence. While only a few states have adopted new legislation to allow sports betting, we anticipate that many more will adopt legislation during 2019. We have already begun the integration and pre-sales processes to allow Sportech to be a significant operator and solution provider in the US sports betting business, investing GBP490k in H1 2018. We expect sports betting expenses to be GBP1.1m to GBP1.3 million for 2018."

[finkie] 23/8/2018 10:30

some bigger (for spo) trades going through at 60p doesnt feel good to me....

[nod] 23/8/2018 09:20

Trent, that's what I suggested during the offer for sale. PTEC wanted to acquire SGR eight years ago and did everything they could to own a piece. It's possible PTEC was one if the three businesses wanting to acquire SPO during the recent process.

[finkie] 23/8/2018 08:40

I actually hope not.....i dont think that would be good for ptec, i hold both!

[trentendboy] 23/8/2018 07:42

I wonder given PTEC recent hire whether they will look to buy SPO outright to get them a quick US presenceThey have a large Italian presence now so grabbing some US action makes a lot of sense

[lammylover] 22/8/2018 16:05

Its a long term hold!!

85.41% of share capital is held by Institutional Investors. Whenever you see PIs selling cheaply, these shares are quickly mopped up at the end of the day by fund managers. They know this share has value, its just a waiting game to see if A) SPO gets bought out for their licenses or B) They start making real profit in the US, with the de-restriction on gaming, this should be a no brainer. Lets see which way this plays out. I'm holding! Rich

[finkie] 22/8/2018 10:15

The market isnt keen and 66p shows that, they need a buyer and sharpish