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Sportech PLC Ord 1P (SPO)

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05-Feb-2021 01:35 PM

Sportech to gain £36m from asset sales

Sportech will gain £36.1 million in aggregate net cash from sales of assets and business divisions in 2020. Last year, the betting service provider confirmed it was in talks to sell its Global Tote business to Betmakers. The group is also selling
30-Nov-2020 01:05 PM

Sportech confirms Global Tote sale talks

Sportech has confirmed it is in talks with Betmakers Technology Group over the sale of its Global Tote business. This is in response to media reports regarding these talks which place a total cash consideration of £31 million on the division. Spo
21-Mar-2019 09:20 AM

Sportech sales fall

Betting technology specialist Sportech announced sales fell 3.9% to £63.7m in the year ending 31 December 2018. Adjusted earnings rose 18.8% to £8m over the same period. HIGHLIGHTS: - Statutory loss before tax from continuing operations of
14-Mar-2019 08:30 AM

Broker Forecast - Peel Hunt issues a broker note on Sportech PLC

Peel Hunt today reaffirms its hold investment rating on Sportech PLC (LON:SPO) and cut its price target to 40p (from 53p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
07-Nov-2018 09:22 AM

Sportech warns on profits after failing to secure contracts

Gambling technology group Sportech warned on profits after expected sales contracts failed to materialise. Adjusted Ebitda for the year through December was now expected to be 5%-to-10% lower than current market expectations of £8.5m, the company s
07-Nov-2018 08:20 AM

Broker Forecast - Peel Hunt issues a broker note on Sportech PLC

Peel Hunt today reaffirms its hold investment rating on Sportech PLC (LON:SPO) and cut its price target to 53p (from 65p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Aug-2018 08:20 AM

Broker Forecast - Peel Hunt issues a broker note on Sportech PLC

Peel Hunt today upgrades its investment rating on Sportech PLC (LON:SPO) to hold (from under review). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Aug-2018 07:22 AM

Sportech losses deepen as revenue slips

Betting technology company Sportech said its first-half losses deepened as a new sports bar in the US didn't perform as well as expected and margins remained under pressure. Pre-tax losses for the six months through June amounted to £602k, com
24-Apr-2018 10:03 AM

Sportech swings to deep loss following further write-downs

Betting technology supplier Sportech swung to an annual loss after it again wrote down the value of its assets, while its performance so far in 2018 was below its expectations. Pre-tax losses amounted to £23.2m, compared to a profit of £63.6m
14-Mar-2018 08:41 AM

SportTech terminates sales process, warns on profits

SportTech said it had terminated a formal sale process after it didn't attract adequate takeover bids amid a 'fairly challenging' start to the year. The company said its earnings in 2017 would come in below expectations due to a number wri
16-Nov-2017 09:36 AM

Sportech distributes £54m to shareholders

Sportech has completed its capital reduction plan and declared a distribution of 29p per share in cash amounting to £53,828,131. The distribution follows the sale of The Football Pools business, completed in June 2017 and the subsequent approval of
24-Aug-2017 08:02 AM

Sportech adjusted pre-tax profit up

Sportech reported adjusted profit before tax of £1.5m in the first half of 2017, up from £1.1m last year. HIGHLIGHTS: - Technology investment delivering global expansion in Asia (Hong Kong), Europe (Denmark and Netherlands) and the US (addit
24-May-2017 01:37 PM

All resolutions passed at AGM of Sportech

Sportech has announced that all resolutions proposed at the Annual General Meeting held today were duly passed. At 1:37pm: (LON:SPO) Sportech PLC share price was +1.5p at 99.5p Story provided by StockMarketWire.com...
24-May-2017 01:24 PM

Sportech shareholders approve resolutions at GM

Sportech has announced that all resolutions, in respect of approving the Directors' Remuneration Policy and its Value Creation Plan, were passed at the General Meeting held today. At 1:24pm: (LON:SPO) Sportech PLC share price was +1.5p at 99.5p
24-May-2017 08:23 AM

Sportech reports positive start to 2017

Sportech had a positive start to 2017 and traded in line with management expectations. The company said it expected the Football Pools will be accounted for as a discontinued activity. Sportech announced the sale of the Football Pools business in March
21-Apr-2017 09:30 AM

Sportech names incoming chairman

Sportech said chairman Roger Withers would retire from the board on May 24, following the company's AGM. It said non-executive director Richard McGuire would be appointed chairman at the AGM. At 9:30am: (LON:SPO) Sportech PLC share price was -0.1
19-Apr-2017 01:37 PM

Sportech shareholders approve disposal of Football Pools Business

Sportech has announced that the resolution to approve the disposal of its Football Pools Business to OpCapita was approved by shareholders at today's General Meeting. At 1:37pm: (LON:SPO) Sportech PLC share price was +1p at 102p Story provided
17-Feb-2017 01:05 PM

Sportech schedules prelims

Sportech has confirmed that it will announce its Preliminary Results for the year ended 31 December 2016 on Thursday 2 March 2017. At 1:05pm: (LON:SPO) Sportech PLC share price was +0.13p at 97p Story provided by StockMarketWire.com...
24-Aug-2016 03:56 PM

Sportech strengthens its board

Sportech has appointed Richard McGuire as a non-executive director with immediate effect. Sportech says McGuire has served shareholders' interests in a number of UK public and private companies as non-executive director and in other senior manageme
17-May-2016 07:33 AM

Sportech trading in line with management views

Sportech said it has enjoyed a positive start to 2016, trading in line with management expectations, having made some significant operational improvements and seen a number of new customer wins. On May 4, Sportech noted that Court of Appeal Judges ruled
13-May-2016 04:25 PM

HMRC seeks Supreme Court ruling on Sportech VAT wrangle

Sportech's battle with HM Revenue & Customs over 'Spot the Ball' VAT might go to the Supreme Court. The Court of Appeal found in Sportech's favour over a GBP97m VAT repayment but the company has been informed that HMRC is seeking perm
03-Mar-2016 07:44 AM

Sportech swings to FY pretax profit

Sportech has swung to a FY pretax profit of GBP9.7m, from a loss of GBP20m. Revenue was GBP100.2m, from GBP104.1m. It said the results were in line with expectations, while the balance sheet had been strengthened and net debt reduced by 10%. CEO Ian Penr
10-Nov-2015 07:40 AM

Sportech says trading in line with management views

Sportech said it continues to make good progress and trading remains in line with management expectations. On Friday 6 November we announced that, discussions with Contagious Gaming Inc. regarding a potential offer for Sportech have been terminated. In
20-Aug-2015 07:49 AM

Sportech's H1 pretax profit falls

Sportech's H1 pretax profit has fallen to £7.9m, from £87.8m. Revenue was £51.0m, from £52.6m. The comparative period enjoyed a £35.1m boost from exceptional income, plus £52.0m of exceptional finance income. CEO Ian Penrose said: "We ha
23-Jul-2015 02:24 PM

Sportech schedules interims

Sportech, one of the world's leading pools and tote betting organisations, will announce its results for the six months ended 30 June on 20 August. At 2:24pm: (LON:SPO) Sportech PLC share price was +0.25p at 67.75p Story provided by StockMarketW

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