Sportech Share Discussion Threads

[miner66] 06/8/2021 07:26

Reading the notice, the record date will be some date after September 30th. So any shares held then will apply for the tender deal

[cj91] 06/8/2021 07:17

On the contrary, I expect this to end day well about 40p! FV is much higher..

[typo56] 06/8/2021 07:14

Will shares bought today qualify for the tender offer? Record date unknown.

[cj91] 06/8/2021 07:12

Should be higher Jabers! Hardman research back in April was 52p FV. Market has not woken up to the opportunity here! Easy money to be made!

[the white house] 06/8/2021 06:42

All good things...

[jabers1] 06/8/2021 06:12

40p today 🚀🚀🚀💰8176;💰

[nod] 06/7/2021 02:11

Many years ago I made the decision never to buy AIM shares again. Yet, here I am with AIM shares.

[mirabeau] 18/6/2021 06:15

Yes, and here are those deals

[nod] 27/5/2021 09:39

Richard Griffiths continues to add. He now holds 9.86%He tends to know when deals are likely.

[richardbrook1] 06/4/2021 19:31

Tempus in the times: Sportech

It is 21 years since Sportech was created from the merger of Littlewoods Pools and an electronics group called Rodime, but it has never felt like a company that knew what it was trying to achieve (Dominic Walsh writes). The only constant has been the constant change.
Having consolidated the football pools sector, four years ago it sold the enlarged football pools business to OpCapita for £83 million and then acquired Bump 50:50, a digital sports raffle operator, and Lot.to Systems, a specialist in mobile gaming technology. The pools business included the Spot the Ball game, which turned out to be a bit of a winner after Sportech successfully lodged a claim for a VAT rebate. The claim, all to do with whether Spot the Ball was a game of chance or skill, may have taken eight years, but the result — a £97 million payout — was worth the effort.

In 2017, it hoisted a £200 million “for sale” sign over itself, only to come off the market again the following year after deciding that it had a decent independent future after all. Since then, the wheels of change have continued to turn, with Sportech selling the Bump 50:50 business recently. It also has agreed the sale of its Tote betting technology business and a freehold property in Connecticut, where it operates its own gaming venues. The group said that it planned to use the expected £36.1 million proceeds to return capital to shareholders.
Sportech’s strong cash position enabled it to come through the past year in better shape than it had expected, although it was by no means unscathed. Revenues for 2020 from continuing operations fell by 41 per cent to £20 million and it made an underlying loss before exceptionals of £2.3 million, against a profit in 2019 of £1.6 million. Including discontinued operations, it reported a statutory loss of £12.8 million, but with cash of £16.8 million and more to come as disposals are completed, analysts are expecting a payout to shareholders of at least 23p a share (although Peel Hunt reckons that if it wins a dispute with the state of Connecticut over its sports betting rights, the eventual figure could be much higher).

ADVICE Buy
WHY At 26¾p, the shares are below even conservative estimates and are worth a punt

[finkie] 06/4/2021 08:40

Being bid up today any thoughts

[gersemi] 02/4/2021 19:50

Today, tipped as a buy by Tempus in The Times

Has anyone got access to the full write-up?

Thanks

G

[nod] 31/3/2021 05:44

Lombard Odier increased their holding to nearly 28%
They must see something ...

[finkie] 25/3/2021 14:41

Ok thanks if Trent is around be pleased to hear cheers

[nod] 25/3/2021 03:26

TrentEndBoy is better placed to give you gambling tips. SPO is the only gaming stock I have atm (other than GAW). I've been holding SPO over the years for the cash payouts (VAT rebate, Pools sale) and the hope that SPO will obtain a licence for sports betting in CT. The latter doesn't look likely now - at best SPO will be a service provider to CT Lottery.

[finkie] 24/3/2021 09:40

nod which other gambling type stocks are you in? I have ent 888 and very small spo but looking for more diversification?

[dogmanager] 18/3/2021 14:45

"The governor’s chief of staff, Paul Mounds, told lawmakers the administration had a deal with one tribe, the Mohegans. Six hours later, the administration and Mohegans issued a joint statement aimed at pressuring the Mashantucket Pequots.

As was the case then, the state’s off-track betting vendor, Sportech, would have no share in the revised deal of the most lucrative piece of sports betting: Offering an online book, or skin, as it is known in the gambling industry.

Instead, the Lottery would be permitted to offer a sub-license to Sportech, allowing it to accept bets at up to 15 locations. Sportech has threatened to sue."

[nod] 18/3/2021 08:23

It looks like a sports betting agreement in Connecticut is now only days away. Both tribes are in the agreement, which averts a long legal battle with a tribe.



"A deal to allow online gambling and sports betting in Connecticut is imminent, according to Governor Ned Lamont, a long-delayed plan involving the state’s two Native American tribes.

Lamont told reporters the state is at the one tenth of one inch line. His chief of staff Paul Mounds said an announcement could come in the next few days."

[nod] 07/3/2021 03:50

According to the news coming out in Connecticut, an Agreement has been reached. One of the Tribes is left out of sports betting, with licences only to the CT Lottery and the Mohegan Tribe. The CT Lottery has an option to outsource to Sportech (which is obviously the plan otherwise it wouldn't be written in there). There are bound to be legal challenges by the left out Mashantucket Pequot Tribe.

Connecticut Sports Betting Agreement Reached, But It’s Messy

[nod] 03/3/2021 21:42

It's unusual that SPO issues an RNS with a Governor Proposal. There have been multiple proposals the past year that have not been agreed. This one seems to leave out one of the Tribes. It may be an attempt by the Governor to divide the Tribes who have so far been united in their demand for exclusivity.

[nod] 03/3/2021 05:13

Meanwhile, Sportech is searching for new sites to replace three of its OTB Venues.



"The idea behind the three new operations would be to bring them in line with Sportech’s Bobby V’s Restaurant & Sports Bar locations in Stamford and at Bradley Airport in Windsor Locks."

[nod] 03/3/2021 05:10

The Sportech CEO, Richard McGuire, writes an open letter to Connecticut on sports betting.



"Without an agreed proposal between the state’s existing gaming operators, the only realistic option for the state, to avoid further litigation, may be to do nothing at all. In this environment, wouldn’t that be a shocking result? "