Sportech Share Discussion Threads

[finkie] 09/8/2023 09:05

I’m with ii and had the divi 4th august.

Watch now the overall maths as your residual holding drops below 100p (due to market weakness of course)

[scrapman] 08/8/2023 12:41

How are the divis worked out , I held 5000 before the RNS and my account is showing they have been cancelled as worthless (use Saxo brokers )
Will I be getting the 35p on Friday ?
TIA

[smithless] 08/8/2023 11:38

cash at 31 march £8.5m, less distribution (why) of £3.5m 11 august, so current cash approx £5m. This leaves the company with an enterprise value of £7.4m as of today. surely the biz must be worth more than that, unless i'm missing something??????

[tommygunn21] 05/8/2023 12:17

11th August

[finkie] 02/8/2023 14:01

When do this shower pay you the 35p based on your revised holding have they said?

[typo56] 27/7/2023 15:04

Sorry, but whilst I understand the 6pm may be 'technically correct' with regard to the record date, it is surely not correct for the ex-dividend date today?

This afternoon's statement seems to avoid admitting they got it wrong in Monday's RNS.

[harrygas] 27/7/2023 13:48

From the company

Thank you for your inquiry and bringing this to our attention.

The Record Date for shareholders entitlement to the 35p dividend, is 28th July, 6pm. (Tomorrow after close)



The ex-dividend date is guidance based on the agreed settlement when buying/selling shares.

For T+2 settlement those buying shares today would not be on the Register at the Record date and time, and therefore not entitled to the dividend.

If one were to agree a transaction on T+1, today then that would be different.



I appreciate the potential confusion raised regarding the noting of a 6pm time and whilst technically correct, the Company has released clarification.

[harrygas] 27/7/2023 13:36

Typo
Look at the RNS on the 27th June where they gave full details.

[typo56] 27/7/2023 09:59

Have they complied with the London Stock Exchange Rules on Dividend Procedure?



"If a dividend is to be made ex, the dividend must be declared via a PIP or
notified to the Exchange at least six business days before the proposed record date, otherwise the ex dividend date may be deferred until the following week"

The dividend was notified in RNS on Monday, 24 July with record date tomorrow, 27 July.

I emailed company for clarification shortly after open. No response yet.

[finkie] 27/7/2023 09:32

Lol they can’t even get an rns right honestly how are they going to pull this out of the mire they are dreadful. You may get 35p or something but the rump will be 90p so 125p total….. shareholder cash erosion under a smoke and mirrors facade.

[typo56] 27/7/2023 08:14

It looks like it's trading ex-div from open this morning.

Odd for the company to have said, "The ex-dividend date in respect of the distribution is 6.00 p.m. on 27 July 2023"?

I suspect the RNS should have read, "The ex-dividend date in respect of the distribution is 8.00 a.m. on 27 July 2023". If so, it's a serious mistake to make when 20% is at stake and creates a false market, with buyers and sellers not completely sure as it whether they will qualify for the 35p dividend.

[finkie] 26/7/2023 11:31

oooh now we can watch them move the price down easier now its over a pound a share on a 10/1 consolidation

[nod] 19/4/2023 02:46

Sports Betting: In August 2021, Sportech agreed to become a distributor for the Connecticut Lottery Corporation's (CLC) sports betting product at the majority of venues across the state. Through Sportech Venues, the gross retail sports betting handle during the year was an impressive $98.7 million, from which Sportech received a percentage of the net hold.

[nod] 19/4/2023 02:44

Strong operational performance, adjusted EBITDA returning to positive territory of GBP1.6 million (2021: a loss of GBP1.8 million).

[blackhorse23] 24/3/2023 14:52

Bought 888 Holdings, better value

[smithless] 06/9/2022 12:08

Unfortunately, Griffiths side kick Whiley joined the board. Been going down ever since. Current EV =£11.7m. Can it build its Connecticut business to a size that it throws off enough cash after making paying Connecticut Lottery Corporation? Bought a few of these on the back of a Chris Mills tip (Harwood Capital), which was a mistake.

[nod] 05/6/2022 03:22

Griffiths still seems to hold 28%He didn't take up the offer, so his shareholding increased.

[plasybryn] 01/6/2022 16:17

Anyone had their dividend yet? Was due yesterday I believe.

[plasybryn] 25/5/2022 12:32

Dividend due to be paid next Tuesday 31st May.How many will re-invest in more shares.
Is there a Richard Griffiths connection here still?

[smithless] 18/5/2022 13:25

Been recently drawn to Sportech again recently. Current mkt cap of £24m (discounted for return of £7m cash). Had £11.7m free cash at year end (highlighted 9 Feb pre-close statement), before Dominican Republic Lottery cash received of £9.25m (extra 2m dollar to come in future). By my estimates it has £12-13m in cash after the distribution, so EV £12m?

[nod] 27/4/2022 08:55

7 pence dividend has sent the share price up.- The shares will be marked ex-dividend on Thursday May 5(th) 2022, and the Distribution will be made to those shareholders on the register on Friday 6(th) May 2022 (the record date). Payment will be Tuesday 31(st) May 2022. -

[nod] 10/4/2022 05:04

... total revenue from the Sportech Venues business – which operates racetracks and jai alai in Connecticut – was £21.9m, up 28.0%

[nod] 30/12/2021 03:32

In early December, Peel Hunt reaffirmed a Buy and price target of 50p.

[nod] 30/12/2021 03:29

Mills explains that Griffiths didn't sell any shares in the tender offer. Which increased Griffiths holding as a percentage of the issued shares.