Playtech founder sells £329m of shares in discounted placing
30th Nov 2016 08:11
(ShareCast News) - Playtech founder Teddy Saggi has pocketed almost £329m after he sold 12% of the company's shares at a discounted price, upping the size of the placing after receiving strong level of interest from institutions. Saggi's Brickington vehicle, which had been planning to sell 32.3m, i
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read morePlaytech to buy Consolidated Financial Holdings for up to $120m
14th Nov 2016 07:38
(ShareCast News) - Gaming software development company Playtech has agreed to buy Consolidated Financial Holdings for up to $120m - a deal it said will enhance its position as it continues to build a B2B offering in its financials division. Playtech will buy 70% of CFH upon completion of the acquisi
Read morePlaytech says revenues hit by weak currencies and 'low volatility'
9th Nov 2016 08:50
(ShareCast News) - Playtech said that although second-half trading had been ahead of last year, reported revenue has been hit by weakening of sterling and other currencies against the euro and apparent low market volatility. Since 30 June, the gaming division has seen growth in underlying daily aver
Read moreInvestec downgrades William Hill and Ladbrokes Coral, rotates into online
2nd Nov 2016 10:22
(ShareCast News) - Investec downgraded William Hill and Ladbrokes Coral as it rotated its chips on more digital-focused gambling stocks Playtech, 888 and GVC. Hill's was cut to 'sell' from 'reduce' and its target price to 243p from 289p, while the newly merged Ladbrokes Coral was given an 'add' rati
Read morePlaytech purchases ECM Systems for £15m
21st Oct 2016 07:17
(ShareCast News) - Playtech announced on Friday that it has acquired bingo software and hardware solutions provider ECM Systems. The FTSE 250 company said ECM supplies software and support services to the UK retail bingo market, including major operators Gala Leisure, Mecca Bingo and the leading ind
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreBroker tips: Playtech, Aldermore, Shawbrook, Just Eat
25th Aug 2016 12:09
(ShareCast News) - Playtech shares gained on Thursday as Canaccord Genuity raised its target price to 1,125p from 902p and reiterated a 'buy' rating on the stock after the gambling software developer reported its first half results. In the six months to the end of June, revenues rose to €337.7m from
Read moreCanaccord raises target price and reiterates 'buy' on Playtech
25th Aug 2016 10:22
(ShareCast News) - Playtech shares gained on Thursday as Canaccord Genuity raised its target price to 1,125p from 902p and reiterated a 'buy' rating on the stock after the gambling software developer reported its first half results. In the six months to the end of June, revenues rose to €337.7m from
Read morePlaytech H1 revenues up, declares special dividend
25th Aug 2016 07:12
(ShareCast News) - Gambling software developer Playtech reported a drop in first-half profit as it took a hit from fluctuations in sterling, but revenue grew and the company declared a special dividend. In the six months to the end of June, revenues rose to €337.7m from €286m, up 18% or 24% at const
Read moreThursday preview: Playtech, CRH report first half results
24th Aug 2016 13:07
(ShareCast News) - Playtech is expected to reveal healthy revenue growth in its first half results on Thursday, driven by a strong performance in its casino business. UBS estimates the gambling software development company will post a 12% increase in revenue to €348m on an organic constant currency
Read moreFriday broker round-up
15th Jul 2016 15:00
(ShareCast News) - Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target. G4S: UBS keeps at buy with a 240p target. Essentra: Jefferies reiterates buy with a 715p target. Playtech: UBS stays at buy with a 1000p target. Aberdeen:
Read morePlaytech buys Best Gaming Technology for €138m
13th Jul 2016 07:26
(ShareCast News) - Playtech said it has was buying 90% of sports betting software maker Best Gaming Technology (BGT) for €138m in cash. Headquartered in Vienna, BGT was founded in 2005 and is the leading provider of sports betting software and solutions for gaming and sports betting operators, Playt
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
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