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
  -0.20 -0.53% 37.80 108,496 16:35:25
Bid Price Offer Price High Price Low Price Open Price
37.60 38.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 19.97 -10.57 -6.80 71
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:02 O 52,332 37.9199 GBX

Sportech (SPO) Latest News (2)

More Sportech News
Sportech Investors    Sportech Takeover Rumours

Sportech (SPO) Discussions and Chat

Sportech Forums and Chat

Date Time Title Posts
22/8/202103:17Sportech > - Online Gaming ->>2,992
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

Add a New Thread

Sportech (SPO) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Sportech trades in real-time

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 38p.
Sportech Plc has a 4 week average price of 37p and a 12 week average price of 27.20p.
The 1 year high share price is 41p while the 1 year low share price is currently 14.50p.
There are currently 186,751,257 shares in issue and the average daily traded volume is 364,478 shares. The market capitalisation of Sportech Plc is £70,591,975.15.
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 VZ
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. hTTPs://ctlottery.org/AboutUs
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?
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!
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 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
nod: 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.
dogmanager: https://ctmirror.org/2021/03/18/mashantucket-pequots-agree-to-revised-sports-betting-deal/ "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."
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; [...] " htTps://twitter.com/Glasshalfull1/status/1357630039244865543?s=19
jabers1: Sportech PLC Sale of New Haven property 16/11/2020 7:00am UK Regulatory (RNS & others) TIDMSPO 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 www.sportechplc.com. - 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 8900 George Sellar / Andrew Clark Buchanan Tel: +44 (0) 20 7466 5000 Henry Harrison-Topham / Jamie Hooper sportech@buchanan.uk.com
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
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210925 16:49:53