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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech

April 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PTEC
  • Price:
  • 130p
It’s been a challenging year for gaming software group Playtech with results for 2019 showing revenues up 22% to EU1,508m but net profit down 50% to EU133.6m. Eps fell 42% to 43.2 cents.Within the core B2B gambling side revenues fell 3% to Eu554m and EBITDA was down 21% to Eu200m, reflecting further deterioration in Asia, an unregulated market that has seen increased competition. In B2C, revenues rose 56% to Eu901m, with EBITDA up 140% to Eu154m, driven by strong performance from Italian gaming software operator, Snaitech.The market has been weak in the most recent two weeks with normal customer patterns affected by Covid-19, and its largest markets in Asia and Italy both affected. Frustratingly, while it has increased ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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