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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Playtech

October 2021

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:
  • 412p
Peel Hunt has upgraded FY’21 EBITDA forecasts by 5% to €279.8m (eps: 17.8 cents). That came as Playtech reported a strong start to the year in B2B online (particularly Caliente in Mexico) and B2C online (where Italian firm Snaitech has continued to beat expectations). This has offset the impact of the prolonged delay to retail betting venues reopening.The protracted sale of Finalto has taken a new turn with shareholders voting to ditch the offer and switch to Gopher Investments.As Peel says “Playtech is at an early stage in a commercial and strategic transformation, which should generate more and more revenue from licensed activities in the Americas while harvesting cash from mature markets. The broker &ldquo ...

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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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