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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech

November 2024

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:
  • 738p
The shares surged again after Playtech agreed the sale of Snaitech to Flutter for €2.3bn which compares favourably to the  €846m it paid in 2018 and represents  an attractive 9x FY’23 enterprise value, a substantial premium to Playtech's FY’23 EV / EBITDA of 5.6x at close of business on 13 August 2024, the latest date prior to takeover discussions. It’s also announced plans to repay its outstanding  €350m bond due March ’26 and return €1,700 million - €1,800 million to shareholders through  a special dividend. Following completion, Playtech “will focus on its technology-led offering in high-growth B2B gambling markets with an accelerated growth plan and an extensive portfolio of strategic ventures.” Just as well, then, that ...

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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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