oldjoe1
20 Jul 2015
PTEC Broker UPDATE...... 20 Jul 2015 Playtech Ltd PTEC Deutsche Bank Buy 891.00 891.00 950.00 1,040.00 ReiteratesSP TARGET 1040p
oldjoe1
16 Jul 2015
Re: PTEC valuation Playtech PLC (LON
TEC)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in aresearch note issued to investors on Monday, Marketbeat reports. They currently have a GBX 1,030 ($15.97) target price on the stock. Citigroup Inc.’s price objective points to a potential upside of 19.42% from the company’s current price.A number of other analysts have also recently weighed in on PTEC. Analysts at Investec reiterated a “buy” rating and set a GBX 900 ($13.95) price target on shares of Playtech in a research note on Friday, July 3rd. Analysts at Canaccord Genuity reiterated a “restricted” rating on shares of Playtech in a research note on Friday, June 26th. Analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of Playtech in a research note on Thursday, June 18th. Analysts at BNP Paribas reiterated an “outperform” rating and set a GBX 1,100 ($17.05) price target on shares of Playtech in a research note on Tuesday, June 2nd. Finally, analysts at Deutsche Bank reiterated a “buy” rating and set a GBX 950 ($14.73) price target on shares of Playtech in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company.
oldjoe1
16 Jul 2015
Re: PLAYTECH Tipped...... PTEC certainly looks way too cheap going forward. P/E of just over 16 to 2016, cheap as chips.Playtech PLCFORECASTS2015 2016Date Rec Pre-tax (£
EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Peel Hunt LLP 15-07-15 BUY 149.01 42.98 19.99 170.74 46.96 22.74Exane BNP Paribas 15-07-15 BUY 143.60 45.98 21.22 190.99 55.17 25.46Shore Capital 10-07-15 None 141.43 44.18 19.04 171.76 50.79 22.38Canaccord Genuity Ltd [B]03-07-15 None Goodbody Stockbrokers 03-07-15 BUY 45.88 19.95 53.04 23.06Panmure Gordon [A]03-07-15 BUY 142.80 46.93 19.37 162.84 53.61 21.46Investec Securities 15-06-15 BUY 171.08 51.94 20.78 217.26 65.92 26.37Numis Securities Ltd [D]25-02-15 HOLD 148.59 49.19 24.71 154.46 51.17 25.82Westhouse Securities [A]18-12-14 BUY 2015 2016Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 144.71 44.71 20.22 177.80 53.00 23.421 Month Change -1.31 -2.07 -0.74 1.54 -1.46 -1.443 Month Change -1.06 1.04 0.80 18.23 5.49 1.55Notes to forecasts(22 Oct 2014) A flag refers to outlookGROWTH2014 (A) 2015 (E) 2016 (E)Norm. EPS 12.42% 20.03% 18.55%DPS 4.55% 0.99% 15.80%INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)EBITDA £184.40m £173.23m £212.28mEBIT £99.35m £142.66m £178.11mDividend Yield 2.27% 2.29% 2.66%Dividend Cover 1.86x 2.21x 2.26xPER 23.66x 19.72x 16.63xPEG 1.91f 0.98f 0.90fNet Asset Value PS 130.82p 224.33p 250.63p
oldjoe1
16 Jul 2015
Re: PLAYTECH Tipped...... PTEC Playtech broken out in the last few days looking very strong, cheap for a tech aswel, forward P/E of 16 to 2016[link]
albent
06 Apr 2015
PTEC valuation Been looking at PTEC TEC" target="blank" rel="nofollow">[link] any ideas?
bboy
26 Feb 2015
Another... sparkling set of full year results...
sharegardener
16 Feb 2015
Gaming This looks like a shift towards gaming as opposed to betting & gambling. YoYo are a small company based in Dundee and PTEC still have plenty more cash for further acquisitions. H-L ran a 'gambling sector' report last week mentioning rumoured bid by PTEC for Bwin.Party but it looks like no-one wants to buy now. Diversification sounds preferable, especially with potential for greater restrictions and more taxation on gambling. from the RNS''The acquisition of Yoyo is part of the Company's strategy to penetrate the casual gaming space, which already includes Plamee - an internal games development team employing more than 120 casual games developers''''This acquisition will enable the Company to further diversify its business, benefiting from a combined B2B/B2C offering focused on a strong and growing segment of the wider gaming market.''''The acquisition will complete a three-pronged strategy into the casual games market, including: the Company's experienced in-house games development studio; publishing of both in-house and third party games; and games technology''from the H-L piece''Bwin.Party's latest trading update revealed an 'exceptionally weak' fourth quarter gross margin in its sports betting division owing to a strong performance from leading European football teams. The shares trade on a 2015 price to earnings ratio of 21.9 and an EBITDA multiple of 11.8 times, which looks expensive. The group has been the subject of acquisition rumours for some time, the latest being that gaming software supplier Playtech (PTEC) is looking to snap up the company after it said it was raising €315 million for acquisitions and organic opportunities''Im still holding, finals due thursday 26th Feb. Good luck all SG
oldjoe1
09 Dec 2014
Re: PLAYTECH Tipped...... PTEC - from Traders Own on Twitter
8:47:13 Broker Citi say BUY Playtech (PTEC): NewshoundInitiate with Buy, price target 840p. High and sustainable margins, a substantial cash flow, an earnings accelerator from likely acquisition(s) and strong growth macro underpin an attractive equity story. We see re-rating potential as earnings quality improves and the relevant valuation peer group is reassessed, driving our 840p price target. We expect further upside to 915p if acquisitions are added
oldjoe1
09 Dec 2014
PLAYTECH Tipped...... Citigroup Inc Initiates Coverage on Playtech PLCWith justification in note to clientsIt [Citi] is, however, a ‘buyer’ of the gaming software group Playtech after initiating coverage earlier and reckons the shares are worth 840p.“High and sustainable margins, a substantial cash flow, an earnings accelerator from likely acquisition(s) and strong growth macro underpin an attractive equity story,” Citi said in a note to clients.
