|Bid||286.30 x 0|
|Ask||286.90 x 0|
|Day's Range||284.50 - 292.90|
|52 Week Range||111.00 - 462.30|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||3.03|
|Earnings Date||Aug 20, 2020 - Aug 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 30, 2020|
|1y Target Est||7.12|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Playtech Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Even if it's not a huge purchase, we think it was good to see that Moran Weizer, the CEO & Executive Director of...
Moody's Investors Service, ("Moody's") has today downgraded Playtech Plc's ("Playtech" or the "company") corporate family rating (CFR) to Ba3 from Ba2 and the probability of default rating (PDR) to Ba3-PD from Ba2-PD. Concurrently Moody's has also downgraded the ratings on the EUR530 million backed senior secured notes due 2023 and EUR350 million backed senior secured notes due 2026 to Ba3 from Ba2.
The company, the world's biggest supplier of technology for online gaming operators but now also a major gambling platform in its own right, said it was taking a major hit from the halting of sports events across the world. The delays in rolling out major sporting events have extracted a heavy toll on its B2B division, which is expected to book a loss of 4 million euros per month to adjusted earnings before interest, tax, depreciation and amortization (EBITDA). Playtech's poker and bingo businesses saw an increase in activity in recent days due to restrictions on movement imposed by governments.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
The company had forecast in August its full-year adjusted core earnings to come in between 390 million euros ($430.95 million) and 415 million euros. "Following a positive start to the second half, trading conditions in TradeTech have been highly challenging during September and October," the company said, adding that it would be reviewing all options for the division which develops technology for financial trading. Playtech, however, reported strong growth in its other core gaming divisions.
It now expects Asia business to contribute 115 million euros ($127.4 million) to its annual revenue compared with its prior estimate of 150 million euros. "Asia remains volatile with low visibility," the company said and announced steps to offset the drop in performance in the region through a plan to reward sub-licensees for promoting its content and by launching new games. Its total revenue for the six months ended June 30 surged 69% to 736.1 million euros, helped by growth in regulated markets.
Gambling software maker Playtech Plc on Thursday cut its full-year revenue forecast for Asia, blaming rising competition in China and a regulatory crackdown in Malaysia. It now expects Asia business to contribute 115 million euros ($127.4 million) to its annual revenue compared with its prior estimate of 150 million euros. "Asia remains volatile with low visibility," the company said and announced steps to offset the drop in performance in the region through a plan to reward sub-licensees for promoting its content and by launching new games.