Sportech Share Discussion Threads

[oohrogerpalmer] 12/6/2019 11:13

Hey up , something happening!!!

[lukmanpatel] 10/6/2019 06:30

Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol

[nod] 04/6/2019 08:54

May 7http://www.sportechplc.com/news/Sportech, the International betting technology business and the home of legal in-venue and online betting on racing in the State of Connecticut, announced the results of another successful Kentucky Derby event, the first leg of the 2019 Triple Crown season and the 145th running of the Kentucky Derby.ConnecticutIn Connecticut, Sportech's Winners, Bobby V's Restaurant & Sports Bars, and MyWinners.com online and mobile channels delivered the ultimate Derby day excitement on May 4th, providing fans with a betting an exciting viewing experience.Across Sportech's Connecticut estate, customers placed nearly 400,000 wagers during the day and there was an incredible buzz among the – standing room only – crowds as the strong favorite and first-past-the-post horse Maximum Security was disqualified and long shot Country House announced the winner.Sportech's Executive Chairman Richard McGuire commented, "We paid out around $3.5 million dollars to Connecticut winners during the day and that amount could have been significantly higher had the favorite obliged. Our online and mobile channels performed well, recording a 13% increase in activity." Reflecting on the sports betting question currently facing Connecticut lawmakers, McGuire added,"We look forward to the State of Connecticut extending licensing to current operators to include sports betting, bringing current illegal sports betting activity under the same regulatory framework as betting on horse racing and enabling us all to compete effectively with neighboring states."

[nod] 28/5/2019 23:01

Harwood increased its holding to 15.9%AXA went below 3%AXA seems to be reducing its holdings in smaller companies.

[nod] 28/5/2019 22:57

Lombard Odier increased again to 22.66%

[nod] 18/5/2019 09:24

Lombard Odier back above 19% holding. They were around this level last October.

[nod] 15/5/2019 03:15

finkie, if I had a crystal ball I would have sold a year ago. SPO is well-placed to get Connecticut sports betting licences on top of the licences it already has in CT. It's a no brainer, but where politics is involved anything can happen. A decision is still a few months away according to the Governor. It seems from the delay that they are not going to give in to the tribes demands. The government could have taken that easy option months ago.

[finkie] 14/5/2019 12:05

Nod 25p to sell, i think you are too attached to this stock preserve capital is Buffetts number one rule, SPO destroys it!

[nod] 09/5/2019 21:48

The articles in The Times and Seeking Alpha around 7 and 8 weeks ago were positive. See past posts. We have most of our eggs in the Connecticut basket and CT are taking longer than expected to introduce sports betting. The process is slowed due to the two tribes wanting a bigger slice of the pie and claiming they have rights under their existing agreements. If SPO gets a sports betting licence in CT later this year then the share price should bounce. SPO would then become much more attractive to a buyer. Remember, we were up for sale last year.

[dsct] 09/5/2019 15:28

Having had a small punt on SPO in Sept 17, I've watched the share price drift down since then (including the two cliff-edge drops!), and even taking into account the special divi, am down over 50% - Fortunately it was a speculative punt, and as you can tell, I don't use stop-losses ! lol

I'm now in two-minds, for either just holding on, or increasing my holding (averaging down) in anticipation of a recovery, the USA regulation(s) or a take-over. I know a third option would be to sell and move on, but I'm not really considering that.

I may have to go back other the last couple of reports, and see how I feel after reviewing the numbers, but considering the 3 possibilities of what 'could' happen, I'm leaning towards the topping-up scenario. I know a shareprice can continue to fall, but I do think the current share price looks overdone.

[valerion the pink dread] 03/5/2019 10:54

so, local regulation killed this?

[nod] 20/4/2019 03:49

Worth a read:

Victor Bigio observes the sports betting industry from multiple sides of the equation. As head of sportsbook at Sportech PLC, a top competitor in the global pari-mutuel betting technology sector, he oversees an operation that provides solutions for not only gaming concerns, but sports teams, and racetracks. Sportech also owns and operates gaming venues in the USA.

This Q&A is presented as part of Gambling.com's media partnership with Betting on Sports America 2019, which is April 23-25. The interview explores the future of sports betting and data as a commodity.



extract:
Gambling.com: How difficult is expanding your business on a state-by-state basis?

Bigio: Sportradar offers so much data in so many markets on different sports that sometimes it can be overwhelming, but from a legislative perspective, operators need to understand how to price their bets in order to be competitive, but also understand the tax implications in each of their states.

And I think we've already seen some wide variances of tax rates in the states that have gone live, and as a result, what some of the companies have had to do to price their bets, which to be honest, will make it tough to be competitive with the black market.

[nod] 20/4/2019 03:44

Connecticut has been debating a Capital Gains Tax. CT has a big budget deficit and needs to find ways to raise more tax. Sports betting would be a quick route and less contentious than a new CGT, although sports betting would not raise enough on its own. Most of CT neighbours have passed bills for sports betting ; CT needs to get a move on or will be playing catch-up.

[nod] 04/4/2019 09:00

It would be the wrong time to be out of SPO leading up to the CT sports betting decision in the coming weeks or months. The share price upside could be very significant overnight and most likely much higher than justified on revenues. That's the way markets react to good news.Preparing for an unexpected negative decision for SPO in favour of the Tribes, then it will be business as usual without the millions of lobbying cost in CT. SPO will no doubt continue to submit proposals in other States where it already has a betting licence, which is a significant number of States. SPO is a big employer in CT and has been for 15 years, so CT is the banker card but not the only card.It's a pity that SPO did not move to Nasdaq before today as being a US company would, I feel, have helped its case in CT. The antagonists frequently highlight that we are a UK based company, even though most of our revenue is from the USA.

[trentendboy] 03/4/2019 22:26

yep - there is that - are they treading water waiting for the deal

[finkie] 03/4/2019 16:01

Trent the lack of share price movement shows that all of that should mean something but it doesnt.........it feels like a basket case now waiting for a suitor to take it over and realise potential....

[trentendboy] 03/4/2019 11:20

SPO really are in exactly the right US space at the moment - surprised they have not risen further.

Getting very hard to resist and, as with GAN, they have been in the shop window for a while now and have some really impressive US assets, contacts and monopoly positions.

Hmmmm.

[finkie] 02/4/2019 20:33

SP isn’t going anywhere, thankfully sold most at 80p+ holders are losing out even if share price doesn’t fall further by lack of dividend. Have some shares left but don’t see these moving unless a takeover, which based on the whole sector seems unlikely at the moment.

SPO = disappointing

[nod] 25/3/2019 10:29

Racing bets to pay for Sportech expansion
Dominic Walsh
March 22 2019, 12:01am,
The Times

Investment
Gambling
United States
US sports

Sportech is to deploy the cash generated by its horse racing operation to fund the development of its three growth businesses of US sports betting, electronic sports raffles and lottery technology.

The group, created in 2000 from the merger between Rodime, an electronics group, and Littlewoods Pools, derives half its revenues from processing about $12 billion of tote-style or pari-mutuel bets, of which about $10 billion come from horse racing.

Ivor Jones, an analyst at Peel Hunt, the broker, said that the racing business would be the “cash cow” that funds the three divisions with the best growth potential, including operations that will benefit from the opening up of sports betting in America.

Bump 50:50, its digital sports raffle arm, continued its expansion last year,…

Want to read more?

[trentendboy] 21/3/2019 08:43

Decent results - profits from lower revenues.

They seem well positioned and cheap. Tempting

[nod] 19/3/2019 21:00

VZ, I've been a holder of Games Workshop GAW for 10 years and Peel Hunt is still the only broker to cover them, even though GAW is a GBP 1 Billion company. Peel Hunt have always been behind the curve with GAW and, as far as I recall, seldom overestimate. . Re Sportech, one thing I've learned recently is that even if we get a sports betting licence in CT it will be late in the year before we see any revenue from it. However, the market value of our company should immediately increase with a licence. Which could be decided within three months..

[van zandt] 18/3/2019 14:08

Now, Now, nod,

I always took you for a very serious person and yet here you are offering up the view of Peel Hunt on Sportech.

Was not Peel Hunt in takeover talks with a Spanish Bank and was it not a Spanish writer who wrote of Don Quixote?

I simply must get out more.
As ever
VZ