I have just bought into this company as it is well below the float price and has been savagely knocked back by the US gambling fiasco. The trading statement looks promising and new contracts coming in IMO the market is undervaluing this company. It supplies the software to so many of our successful gambling companies. I'd welcome any comments.

14 Mar Playtech Ltd PTEC Canaccord Genuity Buy 591.00 575.00 604.00 750.00 Reiterates

SP TARGET 750p.

15 Mar Playtech Ltd PTEC Deutsche Bank Buy 0.00 613.00 650.00 680.00 Reiterates

650p SP Target price.

Playtech Price Target Raised to $11.20 at Canaccord Genuity (PTEC)
Posted by Wayne Rhoads on Mar 15th, 2013 // No Comments

Research analysts at Canaccord Genuity raised their target price on shares of Playtech (LON: PTEC) from $9.02 (604 GBX) to $11.20 (750 GBX) in a report released on Thursday. The firm currently has a “buy” rating on the stock.
Playtech (LON: PTEC) opened at 613.00 on Thursday. Playtech has a 52-week low of GBX 322.25 and a 52-week high of GBX 581.00. The stock’s 50-day moving average is currently GBX 379.9. The company’s market cap is £1.773 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec Securities raised their price target on shares of Playtech from $5.97 to $8.96 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Playtech in a research note to investors on Monday. They now have a $9.36 price target on the stock. Finally, analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Playtech in a research note to investors on Monday. They now have a $9.48 price target on the stock.
Playtech Limited is an online gaming 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.

http://zolmax.com/playtech-price-target-raised-to-11-20-at-canaccord-genuity-ptec/2949062/

Gone long again, update on thursday.

BRIEF-Playtech says Q1 gross income rose 16 pct25 Apr 2013 - 07:01

April 25 (Reuters) - Playtech * Q1 gross income rose 16 pct to 102.5 million euros * Exploring "strategic alternatives" after sale of William Hill Online stake. * Committed to paying interim dividend at or above level declared last year. (Writing by Keith Weir, 44 20 7542 8022) ((keith.weir@thomsonreuters.com; 020 7542 8022; Reuters Messaging: keith.weir.reuters.com@reuters.net)) Keywords: PLAYTECH Q1/

JPMorgan Cazenove initiates Playtech at OVERWEIGHT with a 690p price target. It says the company is wellplaced to benefit from the growth of the Europe-based online gambling market, remaining insulated from the
competitive pressures in the business-to-consumer market. It forecasts high single-digit revenue growth purely
from the growth of the online gambling market and its expect this to be supplemented by new business wins
and acquisitions. It says the recent deal with Ladbrokes gives Playtech an additional option on the potential
recovery on Ladbrokes' online business, while not ruling out similar arrangements with other business-toconsumer operators. Shares closed Wednesday at 624p.

New issue yesterday in the gaming market Quixant listed on Aim currently up 60%.

PTEC - from Traders Own on Twitter:

08:47:13 Broker Citi say BUY Playtech (PTEC): Newshound
Initiate 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

Citigroup Inc Initiates Coverage on Playtech PLC
With justification in note to clients

It [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.

In the Mail today - Sagri could be involved in one of the first big deals of 2015. Playtech which he founded and still owns 36.6% by his vehical brickington trading .
There is talk it has won the auction to gain control of online gaming group Bwin. party Digital Entertainment, with a bid worth £1.15 bn or north of 140p a share.

".....won the auction to gain control ...."
I wasn't aware there was an auction.
BPTY are is discussions over a merger or takeover, but are not subject to an auction! [Bwin.Party In Negotiations With AMAYA and Playtech]

On talk it has ".....won the auction to gain control ...." That's what is printed in today's Mail.

States they have beat Amaya Gaming Group to the punch.

Might possibly be in relation to: "We are in active discussions regarding the sale of Win, the Group's social gaming business and expect to make a further announcement shortly" rather than a bid for BPTY itself?

Could be Harrycat

How has the Mail received this story ahead of a company official release. :-))

Shares - Bwin.party bid talk intensifies.

StockMarketWire.com
Playtech's actual FY pretax profit more than halved to 143.6m euros, from 491.3m euros. Revenue was 456.9m euros, from 367.2m euros. It recommended a final dividend of 17.5 euro cents, from 15.4 euro cents, taking the total to 26.4 euro cents, from 23.2 euro cents.

"Playtech has continued momentum with a strong start to 2015, with daily average revenues for the first eight weeks of the year up over 22% on Q1 2014 and up over 5% on Q4 2014, including some benefit from current euro weakness," it said.

Referring to the just-finished period, non-executive chairman Alan Jackson said:

"Playtech has continued to deliver exceptional performance by focusing on consolidating its position as the world's leading software and services provider to the online gambling industry. By expanding its licensee relationships; creating innovative new content; enhancing its products; and deepening its customer focus, the business has continued to thrive.

"The continued momentum of 2014 has been maintained in the first two months of 2015 and the Board looks to the future with confidence and optimism."

Playtech (PTEC) said last month that both full-year revenue and adjusted cash profit would be comfortably in line with market consensus. They were. And the internet gambling technology firm has made a "strong start" to 2015, too.
Strip out the €340 million made on the sale of its WHO stake in 2013, and Playtech made a profit of more than €207 million last year, up 30% to a new record. Revenue rose nearly a quarter to €457 million versus consensus estimates of €447 million. Even after excluding acquisitions made in the past two years, revenue jumped by 21% and profit by 27%.

In the first eight weeks of 2015, daily average revenue is up over 22% on the first quarter of 2014, and 5% better than the final three months of last year, helped to some degree by the weak euro.

Playtech's casino business remains by far the biggest revenue generator. Crucially, it's among the fastest growing businesses, too - up 29% to €244 million. A full year of revenue from the migration of Ladbrokes (LAD) onto the firm's platform was behind a 54% surge in sales at the sports division to €26.3 million.

Elsewhere, the acquisition of PokerStrategy and Eurolive made up a large slice of the 20% jump in services revenue to €133 million. Without them, sales rose 8%. Playtech's land-based business - things like casinos, bingo and betting shops, and gaming machines - did well, too, 35% to €16.6 million, also driven by acquisitions.

"As we add more content and extend into different channels like mobile and add content and sports, I definitely think you should expect same trends to continue," chief executive Mor Weizer told Interactive Investor.

And with €692 million of cash in the bank, worth 175p per Playtech share, expect more acquisitions this year, says Weizer.

A final dividend of 17.5 euro cents takes the total for the year to 26.4 cents.

StockMarketWire.com
Playtech has conditionally agreed to acquire a 91.1%, fully-diluted stake in TradeFX Ltd, an online CFDs and binary options broker and trading platform provider.

The consideration payable comprises an initial cash payment of €208 million and an earn out payment of up to 250m euros based on future performance.

Highlights:
· Compelling opportunity to enter growing and complementary vertical driven by similar core competencies

· Directly in line with Playtech's strategy to acquire profitable, regulated, highly cash generative businesses with market-leading positions

· Experienced management team, with a proven track record, who will remain with the business

· Consideration at attractive multiple of up to 8x adjusted EBITDA

· Business at inflection point with current annualised EBITDA run rate significantly ahead of 2014

· Acquisition immediately significantly earnings enhancing

· Acquisition is classified as a related party transaction

· Major Independent Shareholders approached; positive response received with indicative support of approximately 23.3 per cent. of Ordinary Shares held by Independent Shareholders

· Brickington Trading Limited, Playtech's largest shareholder, agrees to 12 month lock-up in respect of its Ordinary Shares