Market's view on Playtech
Published on April 2024
- A stock watcher invested in the company, finding the valuation appealing despite the lack of dividends.
- Concerns were raised about the uncertainty with Caliente and the risks involved in mergers and acquisitions, particularly with the speculated bid for 888 which many consider unattractive.
- Frustration was expressed regarding the company’s communication, describing it as treating shareholders with contempt and highlighting difficulty in getting responses.
- The company’s stock performance was discussed, noting minimal movement and lack of updates or results announcements creating unease among investors.
- Another discussion pointed out the company’s failure to observe significant dates which could affect gambling activities, suggesting mismanagement.
- Legal proceedings regarding Caliplay were mentioned, with the specific timing of a case highlighted.
- Positive aspects noted include a strong position in Brazil and expansion in the US, providing potential growth opportunities.
- Concerns about low trading volume impacting stock price movements and the effect of automated trading on stock performance were also discussed.
- The rejection of a takeover bid by Playtech for 888 Holdings was noted, adding to the complexity of the company’s strategic decisions.