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
  0.00 0.0% 29.50 184,610 16:35:06
Bid Price Offer Price High Price Low Price Open Price
29.00 30.00 29.20 29.20 29.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 63.72 -2.44 -1.40 55
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:00 O 290 29.00 GBX

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Date Time Title Posts
06/4/202120:31Sportech > - Online Gaming ->>2,967
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 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 29.50p.
Sportech Plc has a 4 week average price of 25.80p and a 12 week average price of 25.80p.
The 1 year high share price is 32p while the 1 year low share price is currently 10.80p.
There are currently 186,751,257 shares in issue and the average daily traded volume is 232,930 shares. The market capitalisation of Sportech Plc is £55,091,620.82.
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). 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.
finkie: nod which other gambling type stocks are you in? I have ent 888 and very small spo but looking for more diversification?
dogmanager: "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: 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.
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://
nod: Betmaker BET has gone to the Australian market to raise funds for the agreed offer and working capital. From the BET Capital Raising document (linked at end of this post): The Sportech divisions will be acquired on a cash-free, debt free basis and includes Sportech’s: • Tote business (USA, Latin America, UK and Europe) - which provides B2B hardware, software, support, race day controls and parimutuel pool interfacing and co-mingling to racetracks, casinos and other venues; • Americas Digital business - which provides white label B2B digital betting solutions to Advanced Deposit Wagering / Online Racing Bookmaker operators; and • Tote software engine known as ‘Quantum’. together the “Tote and Digital Business”. The consideration payable by BetMakers for the Acquisition is $56.2m (being £30.9m) (Purchase Price). 2 The Acquisition is subject to approval by Sportech’s shareholders. A meeting of Sportech’s shareholders is expected to occur on or around the week commencing 21 December 2020 (Meeting). Sportech’s Board has agreed to recommend that shareholders approve the Acquisition.
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 - 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
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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