Back in June I observed about one of my tips of the year that 'we might even see Playtech (PTEC) shares having a run at a year-to-date gain before the end of December rolls around'. After a huge roller coaster ride year-to-date, yesterday the share was just 10p shy of the four quid early January level. After today's H1 numbers, the shares in the online gambling software development and financial trading company are more like 10% shy. So what is going on?...
If I can quite easily live with the volatility of Rolls-Royce (RR.) year-to-date and see an overt opportunity to buy more as detailed HERE, I cannot say the same for my other tip of the year Playtech (PTEC). Back in late December I noted that the business was 'misunderstood', that the gambling technology business 'continued to trade strongly and grabbed the top spot in the online betting and gaming market for the first time' and that its loss-making finance business had restructuring options. Meanwhile activist investors were lurking. Well...
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares of Mytrah Energy (MYT), Playtech (PTEC), PZ Cussons (PZC) and offer some share price targets.
They can be few disagree that Playtech has been one of the stock market heroes of 2013 to date, even though this has been a rather crowded category given the extreme bullishness in almost all sectors of the market apart from the dreaded miners.
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