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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech - Acquisition lifts shares towards £8

May 2015

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:
  • 778p
Playtech has announced the acquisition of 91% of Cyprus-based TradeFX Ltd, an online CFDs and binary options broker and trading platform provider, for an initial Eu. 208m (£152m). Founded in 2009 and with offices in five countries, TradeFX generated EBITDA of US$34.9m and pretax profit of US$31.8m in 2014 and the deal is immediately eps enhancing.The majority of the business is B2C with the biggest trading brand being markets.com. The firm is licensed and regulated in the EU and South Africa, with 60% of revenues derived from locally regulated markets and the remainder under its broader CySEC licence. The company does not accept clients from markets where it believes CFDs or binary options are prohibited or limited by local r ...

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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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