Share Name Share Symbol Market Type Share ISIN Share Description
Sportech Plc LSE:SPO London Ordinary Share GB00B28ZPV64 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.56% 32.50 252,229 16:35:29
Bid Price Offer Price High Price Low Price Open Price
32.50 33.00 33.00 32.10 32.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 63.72 -2.44 -1.40 61
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:29 UT 251 32.50 GBX

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Date Time Title Posts
22/10/201909:35Sportech > - Online Gaming ->>2,790
12/4/200609:32GROWTH FOR 2006 / 20077
12/1/200620:18Sporttech - the next GMC-like rocket?1,047
11/7/200518:05KEEP AN EYE ON SPORTECH?????????63
11/6/200511:29SPORTECH...A sitting duck for a sporting bid???7

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Sportech (SPO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-22 15:35:2932.5025181.58UT
2019-10-22 11:02:1332.308828.42UT
2019-10-22 09:40:5832.4213,1324,256.74O
2019-10-22 09:36:4732.909,7723,214.99AT
2019-10-22 08:34:4732.3815,3314,964.18O
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Sportech (SPO) Top Chat Posts

Sportech Daily Update: Sportech Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker SPO. The last closing price for Sportech was 32p.
Sportech Plc has a 4 week average price of 29.10p and a 12 week average price of 29.10p.
The 1 year high share price is 59.60p while the 1 year low share price is currently 25p.
There are currently 186,751,257 shares in issue and the average daily traded volume is 382,771 shares. The market capitalisation of Sportech Plc is £60,694,158.53.
finkie: What’s occurring then? 29p now 34p to buy in spo share price movement terms ‘that’s mega’
finkie: Nod the only thing that relates to bump is the share price!!!! Well staying down anyway, not even a takeover in the gaming sector that makes a dog like WMH rise moves this!!!!
lukmanpatel: 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
van zandt: nod , I presume it is ‘immaterial217; 1. because it would not have been wise to risk a further push down on the share price due previous RSN’s warning. 2. It was sloppy language construction. 3. The RSN had to be rushed due someone was about to speak before things were ready! If you look at companies house UK and follow through the personnel and their involvement with the companies I cited in my previous post we can see where the strategic connection is/would be for the future of Sportech as a host or supplier for LOT.To platform . Not forgetting that companies house is only a recording service as it neither has the money or staff to verify what is submitted. Mr. A. J. Lindley being part of the link to the companies I mentioned and addresses. Also as I believe it will be useful if and when Sportech move their address. As ever, VZ
nod: I'm disappointed with the news of impairments and write downs but more disappointed in the unfinished way the accounting adjustments have been presented to the market. I'm disappointed there was no bid acceptable to the company. I'm disappointed the share price fell to 30p at one point. The company warning that there may be more impairments to come is extremely disappointing and seems designed to get the share price down by deliberately creating uncertainty and anxiety. It worked. The directors have had ample time over the past six months of due diligence to complete their valuations and present the full picture. They said they had at least four potential bidders doing due diligence over these past five months. That's a lot of eyes on our books. So why could they not finalise their valuations before releasing bad news?
nod: Sportech has been under new leadership since 18 September. Existing Board members took over as Acting CEO and CFO, these being Richard McGuire and Richard Cooper. Richard Cooper was Chair of the Audit Committee i.e. checked the accuracy of the books. They remained Acting while undertaking a strategic review and then a sale by tender process. Obviously the Current leadership have had plenty of time, years in fact, before today to consider the valuation of assets. The only reason to do this today is to assist the incoming executives to begin management from a low base, including a low share price. Don't be surprised by the award of options in a month or two at say 45p or 50p. There is nothing unusual in what we have seen today.
noujay: So basically having done due diligence the prospective buyers have determined that it's not fit for sale in its current guise/valuation.They will ring the changes, see how the next couple of quarters trading goes and with a bit of luck get some fresh momentum off the back of a successful PASPA repeal.Even with all that I find it hard to imagine the share price will rise to much more than it was at this time yesterday.
dtaliadoros: What percentage chance do all of you out there have of a sale of the business at a premium to current share price.
runthejoules: Sounds like the company is very much in play now. Now whhich companies've got some spare change down the back of the sofa? Sportech PLC - Board Changes & Strategic Review: 18 September 2017 Sportech PLC ("the Company") announces that it is undertaking a comprehensive review of the business and the capital structure, with all options to optimise value for the benefit of shareholders under consideration. Ian Penrose, CEO and Mickey Kalifa, CFO have informed the Board of their intention to resign from their current roles. Ian will remain with Sportech until 31 December 2017. Mickey's resignation from the Board is effective as of today but he will remain with the company until 31 October 2017. Ian and Mickey will assist in an orderly transition in the coming months. Richard Cooper, currently Chair of the Audit Committee, will assume oversight of the finance function. This follows a successful turnaround in the business under their leadership, in which the Company secured £97m gross receipt from its VAT litigation case, modernised and sold the Football Pools, repaid £65m of debt and returned £21m to shareholders with an anticipated substantial distribution to follow from the Group's £64m net current assets as at 30 June 2017. The Company will provide an update on the strategic review and the future management structure with the Group's trading update on November 9, 2017. Richard McGuire, non-executive Chairman of Sportech, commented: "We would like to thank Ian for the tremendous job he has performed at Sportech. He presided over the transformation of the Company from a UK focused business into a respected, fully licensed and regulated global gaming technology supplier and gambling operator in the US with a strong balance sheet". "Mickey led a remarkable transformation in the company's financial strength as CFO and previously when Corporate Development Director, in prominently driving Sportech's global expansion. On behalf of the Board, I would like to thank him for his work over many years and wish him continued success in the future". "As Chairman, I will be leading the strategic review process to ensure that the best path forward is delivered for shareholders". Ian Penrose commented: "I have enjoyed my time at Sportech in which the company has enjoyed a transformational period from a rapidly, and many thought terminally, declining UK business with debts exceeding £112m and 5x leverage, into the business it is today. We stated two years ago, when the share price was 65p and we had £65m of debt that we would deliver growth in shareholder value. I am therefore delighted that we have delivered a £150m net turnaround in the financial position of the Group. This includes the return of £21m to shareholders, the elimination of the debt and the current substantial cash, resulting in a share price that has increased by around 50% over these two years. In addition, Sportech has a great North American based business with both organic and strong regulatory growth opportunities." Mickey Kalifa, said: "I have been with Sportech for eight years and have thoroughly enjoyed my time at the company and driving the Group's successful financial turnaround. However, I believe it is time to move to the next stage of my career. I am very confident that Sportech will continue to deliver value for shareholders and customers alike."
nod: There is no logical reason why a buyback should result in an increase in the share price. The value of the company decreases by the cash used (20 M) but, at the same time, the number of shares in issue decreases and the market value has decreased by the cash spent.Say your company has 100 shares at $1 each and has $100 cash. You spend $10 buying back 10 shares and cancel the shares. Your company now has 90 shares at $1 each and is valued at $90, which equals the cash left. There is no reason why the share price should have increased to $1.05 just because you took out cash.
Sportech share price data is direct from the London Stock Exchange
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