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.

Credit Suisse today reaffirms its neutral investment rating on Playtech Ltd (LON:PTEC) and cut its price target to 520p (from 550p).

StockMarketWire.com
Online gambling software supplier Playtech stuck to its most recent full-year guidance, though trading in Asia weighed.

Ebitda for 2018 was still expected to reach between €320m and €360m, the company said.

In the business-to-business gaming division, revenue growth outside Asia was good.

Revenue from Asia had stabilised at an annualised run-rate of about €150m.

In the business-to-customer division, momentum reported in the first half by Snaitech had continued into the second half of the year.

The remainder of the B2C division also continued to perform in line with the group's expectations.

TradeTech's underlying key performance indicators had continued to display positive momentum, although market movements favoured customers, particularly in September and October, Playtech said.