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Playtech

October 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:
  • rch
  • Price:
  • 346p
 The shares had touched 395p, c.£1 higher than the price at which I had made them a main write up in August, but retraced after the interims. Sales came in at €564m and Playtech delivered €162.3m EBITDA, ahead of the €160m post-close guidance in AugustAs expected, it saw blistering performances from Online and TradeTech (adjusted divisional EBITDA +544% to €52.8m), which helped to somewhat offset the COVID driven weakness in Snai, Sports and Asia. Online (ex Asia) is expected to perform strongly but management remains cautious about the outlook for retail.The group notes that it launched in New Jersey for Bet365 in H2 and it is launching a live casino facility there also. It says it has a hot pi ...

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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.

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