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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech

November 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:
  • 353p
Playtech’s interim results were well flagged last month, reported adjusted EBITDA of €162.3m (15% below H1 ’19) and slightly ahead of €160m guidance. This compares to €117m in Q1 ’20 and €23m in April when Covid first hit. EBITDA in July approached normalised levels, which Jefferies believes is €30m a month.Within core B2B, revenues declined 6% of which the UK fell 30%, while unregulated markets in Asia grew 33%. Online revenues (excluding sports) increased an impressive 26% (+28% constant currency) with strong momentum in Live Casino. Within sports, retail outlets started to re-open in June with revenue improving but not to pre-Covid levels.Within B2C, despite Snaitech revenues fall ...

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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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