claude reins
18 May 2017
Went to AGM yesterday One of few PIs at the AGM yesterday. Accompanied by positive trading statement. Very good opportunity to meet the management, and their advisors. Able to have discussions with the Financial Director (former head of investor relations), ,new head of Financials division (former Financial Director for some years) and the current head of investor relations. I have every confidence in this company. On the gaming side, they are without peers. On the Financials side, they have developed a platform with a USP which should enable them to take business from their currently bigger counterparts, Plus 500 and IG Index. As a company they have shown themselves able to grow organically, and to make selective takeovers and incorporate them seamlessly into their organisation. Much of the credit must go to the CEO, Mor Weizer who I was also able to meet and have a brief discussion. He has built up a formidable company and a team to carry on the job.When there was the big share sell off by one of the major shareholders, I was nervous and disappointed at te move n the SP. On the second occasion, I correctly regarded it as a temporary blip, I suffered a short term paper loss and took the opportuntiy to add significantly to my holdings and jt has paid off handsomely.. Now the SP is pushing £10 and the Stockopedia broker target is well over £13 so I look forreard to it going higher. I am considering adding to my stake.Also, the sell off's by the major shareholder means that many more institutional investors are involved and I believe this is good for the private investor.
dubzy
17 Mar 2017
Re: Brickington/Saggi sells some more That news was announced a couple of days ago SG. Pretty decent news in that we now have two recent purchases by ii's, 13M at 872.5 and another 38.7M at 850p. So solid support going forward at those levels.
sharegardener
17 Mar 2017
Brickington/Saggi sells some more Brickington (beneficial owner is Teddy Saggi) have sold 13M shares @ 872.5p ''following a direct and unsolicited inbound enquiry to Brickington by Boussard & Gavaudan Investment Management LLP''.Today B&G - a hedge fund declare 15.9M shares held as CFD and some convertible bonds.Teddy says he's focusing on London office property but still owns 56.5M shares (17.8%)SG
claude reins
07 Feb 2017
Acquisition of Eyecon Instead of the big bang acquisitions like Plus 500 - which may of course have been opportunistic after the latter's problrms, they seem to be going for a series of bolt on units where theyhave existing relationships. I was disappointed that the price fell so sharply after the placing at 850p, but should have had the confidence to add to my holding when the price fell below 800p. C'est la vie. Now we seem to be back on track towards 1000p - intil the next sell off! (though I see the price target on Stockopedia is £13+). Juicy.At the current SP, and the size of this acquisition, maybe leave it at a weak buy rather than a strong one? Not a weak share by any means!
dubzy
06 Dec 2016
Re: SP fall below placing price unbeliev... Pike, no, the reflection in the share price occurs on ex-divi date, not on the payment date. All companies offering CFD products where hit today following FCA regulatory news. However PTEC have subsequently announced that they will not be affected along with announcing a 6m buyback program. They have also confirmed in-line expections for results. See today's RNS.
pike fisherman
06 Dec 2016
Re: SP fall below placing price unbeliev... Special dividend paid today which might explain drop.
Punilux
06 Dec 2016
Re: SP fall below placing price unbeliev... How much do you think Teddy knew about the crackdown of CFDs? This is a 180 degree turn since the WMH bid days as he appears to be reducing his holding as quickly as possible. Are there any more "surprises" waiting?
sharegardener
02 Dec 2016
Re: SP fall below placing price unbelievable In March 2014 a previous secondary placing was oversubscribed with Brickington releasing 45M shares at 725. SP had been above 800p and it then trailed down towards 600p over the next 2 months before progressive rise again.This time round Teddy Saggi/Brickington have waited to get the special divi and are again selling into a recent rise in the SP so the drop may continue until future positive news.Im never clear about how these things work but institutional demand will push the price back up in the end. Interestingly, shorts had recently gone up to around 2.5%:[link] still holding as PTEC are still the main supplier of software for big gaming/sportbetting names and are diversifying into financial software products as well.Its worth looking through the slides of the recent investor presentation[link] luck all
claude reins
02 Dec 2016
SP fall below placing price unbelievable Major shareholder reduces holding with a large placement with institutions at a discount - 850p vs 920pish. Then placement increased because institutions presumbaly very hungry for this very attractive stock. Broker forecast pre all this well in excess of 1000p.Yesterday we see a fall below 850p, and today another fall to around 810p. Not easy to understand since the insitutions will be expecting to get their money back plus plus.Ah well, ours is not to understand! Very strong hold or top up for the brave at this discounted price..
5ve
27 Jul 2016
Target 1000? What's the consensus on top value for this stock? ii shows a spread of 780 to 1050, where do they get the figures from?
II Editor
23 Nov 2015
NEW ARTICLE: Playtech is rich, but Plus500 deal is off "UK regulators have scuppered LSE
TEClaytech's planned acquisition of LSELUSlus500. The internet gambling technology firm had agreed to pay 400p a share, or £460 million, for the Israeli CFD broker, but it's become clear that steps being ..."[link]
oldjoe1
25 Sep 2015
PTEC, Present Broker views <b>Analysts’ Recent Ratings Updates for Playtech PLC (PTEC)Posted by Max Byerly on Sep 24th, 2015</b>Several brokerages have updated their recommendations and price targets on shares of Playtech PLC (LON: PTEC) in the last few weeks:9/22/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Goodbody Stockbrokers Ltd.9/21/2015 – Playtech PLC had its “outperform” rating reaffirmed by analysts at BNP Paribas. They now have a GBX 1,240 ($19.25) price target on the stock.9/21/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 1,065 ($16.53) price target on the stock.9/8/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Investec.9/4/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.47) price target on the stock.8/28/2015 – Playtech PLC had its “neutral” rating reaffirmed by analysts at Credit Suisse. They now have a GBX 800 ($12.42) price target on the stock.8/27/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Shore Capital.8/25/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 1,040 ($16.15) price target on the stock.8/24/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Nomura.8/24/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 1,065 ($16.53) price target on the stock, up previously from GBX 950 ($14.75).8/11/2015 – Playtech PLC had its price target raised by analysts at Nomura from GBX 994 ($15.43) to GBX 1,035 ($16.07). They now have a “buy” rating on the stock.8/10/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Investec.8/7/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.47) price target on the stock.7/31/2015 – Playtech PLC had its “restricted” rating reaffirmed by analysts at Canaccord Genuity.7/27/2015 – Playtech PLC had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 1,125 ($17.47) price target on the stock.Shares of Playtech PLC (LONTEC) opened at 848.50 on Thursday. The stock’s market cap is GBX 2.74 billion. The company’s 50-day moving average price is GBX 875.01 and its 200-day moving average price is GBX 837.98. Playtech PLC has a 52-week low of GBX 585.99 and a 52-week high of GBX 936.00.Playtech plc, formerly Playtech Limited, is an Isle of Man-based online gaming and sports betting software supplier. The Company, along with its subsidiaries, develops unified software platforms for the online and land-based gambling industry, targeting online and land-based operators. The Company operates six product groupings: Casino, Services, Bingo, Sport, Poker and Videobet. Playtech’s gaming applications, such as online casino, poker and other P2P games, bingo, mobile, live gaming, land-based kiosk networks, land-based terminal and fixed-odds games are inter-compatible and can be incorporated as standalone applications, accessed and funded by the operators’ players through the same user account and managed by the operator by means of a single management interface. Playtech Software Limited, OU Playtech (LONTEC), Video B Holding Limited, Techplay S.A. Software Limited are few of company’s wholly-owned subsidiaries.
oldjoe1
07 Sep 2015
PTEC Broker Update..... 07 Sep 2015 Playtech Ltd PTEC Citigroup Buy 897.50 858.00 1,125.00 1,125.00 ReiteratesSP target 1,125.00
oldjoe1
27 Aug 2015
PTEC Broker Views....... Playtech broker viewsDate Broker Recommendation Price Old target price New target price Notes27 Aug Shore Capital Buy 873.50 - - Reiterates27 Aug Canaccord Genuity Buy 873.50 1,065.00 1,065.00 Reiterates
oldjoe1
27 Aug 2015
PTEC Shore Capital Say Buy <b>Playtech interim profit jumps 19%Thu, 27 August 2015</b>Playtech interim profit jumps 19%(ShareCast News) - Playtech posted a 19% rise in adjusted first-half net profit as revenues increased amid growth across its businesses.For the six months ended 30 June, adjusted net profit came in at €115m from €96.8m in the first half of last year, on revenue of €286m, up 33% from €214.4m.The gaming and trading software group, which is buying contracts-for-difference trading platform Plus500 and Ava Trade, lifted its interim dividend by 8% to 9.6cents.It said it saw strong, broad-based growth across regions and products from both new and existing business and its strategy of focusing on regulated and soon-to-be regulated markets continues to drive growth.Chairman Alan Jackson said: "We have completed a series of strategic acquisitions to create and enhance our new Financials division, a high-growth and regulated industry, and our continued operational delivery across all business segments has translated into a strong financial performance across all key metrics, with revenues up by a third in the half year."Our Gaming business continues to go from strength to strength with our strategy of focussing on regulated markets driving growth. Our pipeline remains strong, with significant opportunities across all geographies, as customers seek to benefit from our market-leading omni-channel offering and our best-of-breed products in each and every product category."<b>Shore Capital said: "Overall, this is a solid update with the revenue performance strong and commentary around the Financials division encouraging. We have a 'buy' stance on the stock with fair value approaching £10 per share valuing the Gaming division of long-term revenue annual growth of 8-10% and Financials at cost."</b>In a separate statement, Playtech announced the appointment of Paul Hewitt as a non-executive director of the company with immediate effect. Hewitt's recent executive responsibilities have included being the deputy group chief executive and chief financial officer of the Co-operative Group from 2003 to 2007 and finance and IT director of the RAC from 1999 to 2003.
