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Sportech Plc

0.80 (4.37%)
Share Name Share Symbol Market Type Share ISIN Share Description
Sportech Plc LSE:SPO London Ordinary Share GB00B28ZPV64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 4.37% 19.10 806 16:35:03
Bid Price Offer Price High Price Low Price Open Price
18.00 20.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Storage Devices 26.00 0.17 - - 19.10
Last Trade Time Trade Type Trade Size Trade Price Currency
16:16:21 O 579 18.55 GBX

Sportech (SPO) Latest News

Sportech (SPO) Discussions and Chat

Sportech Forums and Chat

Date Time Title Posts
19/4/202302:46Sportech > - Online Gaming ->>3,014
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

Sportech (SPO) Top Chat Posts

Top Posts
Posted at 30/12/2021 03:32 by nod
In early December, Peel Hunt reaffirmed a Buy and price target of 50p.
Posted at 07/11/2021 09:50 by nod
SPO is now live with sports betting at three of its Connecticut venues. The other seven venues will go live this month. Sports betting has been the holy grail for many years, and now it is here. I wondered what the fireworks were about.
Posted at 17/8/2021 21:59 by van zandt
Hi all,
As I understand the tender to offer 47% plus of one’s holding can be offered for sale back to Sportech or one’s whole holding may be bought by Sportech depending on shares offered or what they need to make-up their percentage of buy back.

My question/s is worth accepting the offer of 40P per share or may the PPS be considerably more after share buyback is completed in light of the recent deal in CT.

As ever

Posted at 14/8/2021 06:49 by nod
The service provider deal with Connecticut Lottery Corp (CLC) was always the most likely outcome of the lengthy negotiations and given that SPO is a UK-listed company (check my posts years ago). SPO acquired its current USA licences from USA company Scientific Games in 2010 - it was not easy, it took a very long time to be approved by US regulators. Once approved this gave us a foothold in the USA. Playtech had to withdraw as a partner for the deal to be approved.

SPO were unlikely to get a new licence for Sports Betting in CT when competing against the indigenous Tribes who demanded a monopoly in sports betting. We could however reasonably expect to extend our technology service agreement with state-owned CLC.

I don't have the benefits of the opportunity calculations from our company ... I would guess the recent Tote sales are to free-up cash to expand our Sports Betting in CT, including our Venues in CT (which we have continued to invest in recently).

Next step may be a NASDAQ listing.


Posted at 06/8/2021 12:12 by mcmather
Might be a daft question.

SPO appear to be valuing themselves at circa £75.5m; 188.752m shares in issue x £0.40. After this goes through, are they inferring that their M'cap / value will be around £40m (£75.5m minus the £35.5m cost to purchase the 88.75m shares)?

Or are they inferring that the value thereafter will still be around £75.5m (The Company believes its prevailing market share price does not reflect the intrinsic value of the business); ie each of the remaining 100m shares in issue then being worth £0.75, or 100% plus premium from here?

Posted at 06/8/2021 10:05 by typo56
"The Company believes its prevailing market share price does not reflect the intrinsic value of the business and that this is due, in part, to market factors including the Company's micro-cap size"

So their solution is to go from micro-cap size to barely half micro-cap size!

Posted at 06/4/2021 20:31 by richardbrook1
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 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).

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

Posted at 05/2/2021 11:34 by glawsiain
Influential Twitter investor glasshalffull has bought in today. Also Aston girl is a holder.

I’ve taken a maiden position in #SPO
Update indicates EBITDA in line & net cash ahead at £10.2m (fc. £8.8m cash) #SPO estimate disposals will net £36.1m in FY21 H1 ... this would equate to 24p/share vs. 28p/share price. So lottery & sports betting in Connecticut are in for free👇ㇿ5; [...] "


Posted at 16/11/2020 07:06 by jabers1
Sportech PLC Sale of New Haven property

16/11/2020 7:00am
UK Regulatory (RNS & others)


RNS Number : 3507F

Sportech PLC

16 November 2020

For immediate release 16 November 2020

Sportech PLC

("Sportech", the "Group" or the "Company")

Sale of New Haven property

Sportech (LSE: SPO), an international betting technology business, is pleased to announce it has agreed the conditional sale (the "Sale") of its Sports Haven property in New Haven, Connecticut, USA (the "Property") to Criterion Group LLC (the "Buyer").

The Sale proceeds of US$6.75 million (GBP5.1 million) will be paid in cash on completion. Completion is subject to the Buyer concluding acceptable due diligence on the Property, which is anticipated to conclude towards the end of March 2021.

The consideration represents a premium to the 30 June 2020 balance sheet gross asset value of the Property of US$1.65 million (GBP1.2 million).

The proceeds from the Sale will create further investment capital for the Group's Connecticut business and further strengthen the Group's financial position. At completion, the Group will enter a six-month lease for use of the Property for a rent of US$0.30 million. In the year ending 31 December 2019, the Property contributed US$-0.5 million (GBP-0.4 million) to the Group's loss before tax.

The Sale constitutes a Class 2 transaction under the Financial Conduct Authority's Listing Rules.

Publication on website

A copy of this announcement is also available on the Group's website at

- Ends -

For further information, please contact:

Sportech PLC Tel: +44 (0) 117
Giles Vardey, Chairman 902 9000
Richard McGuire, Chief Executive Officer
Tom Hearne, Chief Financial Officer

Peel Hunt Tel: +44 (0) 20 7418
George Sellar / Andrew Clark

Buchanan Tel: +44 (0) 20 7466
Henry Harrison-Topham / Jamie Hooper

Posted at 22/10/2019 08:28 by finkie
What’s occurring then? 29p now 34p to buy in spo share price movement terms ‘that’s mega’
Sportech share price data is direct from the London Stock Exchange
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