Sportech (SPO)

Sector:

Tourism and Leisure Services

Index:

FTSE Fledgling

17.88p
   
  • Change Today:
      0.43p
  • 52 Week High: 34.75
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 188.75m
  • Volume: 189,273
  • Market Cap: £33.74m
  • RiskGrade: 373

Sportech in talks about buying iLottery provider LOT.TO

By Michele Maatouk

Date: Friday 16 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Betting technology business Sportech announced a strategic alliance with iLottery provider Lot.to Systems (LOT.TO) on Friday and said it has entered exclusive negotiations with a view to buying the company
Sportech said the deal would be "non-material" in the context of the group, but the alliance will provide mutual clients with a broader suite of gaming opportunities and the acquisition would further solidify its global gaming services positions.

Executive chairman Richard McGuire pointed out that the global gambling market is expected to reach an annual turnover of $635bn by 2020, with the lottery sector accounting for about 30% of that.

"Our strategic alliance with LOT.TO will enhance our existing successful core lottery product and will help us to capitalise on the worldwide growth of lottery and lottery-style games and reach an ever-expanding digital audience," he said.

UK-based and regulated, LOT.TO is a digital specialist and B2B partner for online gaming businesses. Its products include inventive lottery and betting games and state of the art player management systems delivered on its cloud-based 'iLottery' platform.

LOT.TO co-founder Andrew Lindley said: "Our future with Sportech is hugely exciting because our clients can benefit from the combination of Sportech's proven robust processing technology and hardware and our innovative iLottery platform in a single offering as well as the obvious synergies in sports betting platforms. Together, we can offer clients a truly world-class omni-channel solution that's incredibly powerful."

At 0900 GMT, the shares were down 2.2% to 39.52p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sportech Market Data

Currency UK Pounds
Share Price 17.88p
Change Today 0.43p
% Change 2.44 %
52 Week High 34.75
52 Week Low 11.00
Volume 189,273
Shares Issued 188.75m
Market Cap £33.74m
RiskGrade 373

Sportech Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.25% above the market average36.25% above the market average36.25% above the market average36.25% above the market average36.25% above the market average
27.54% below the sector average27.54% below the sector average27.54% below the sector average27.54% below the sector average27.54% below the sector average
Price Trend
69.33% below the market average69.33% below the market average69.33% below the market average69.33% below the market average69.33% below the market average
17.81% below the sector average17.81% below the sector average17.81% below the sector average17.81% below the sector average17.81% below the sector average
Income Not Available
Growth
67.29% below the market average67.29% below the market average67.29% below the market average67.29% below the market average67.29% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sportech Dividends

  Latest Previous
  Special Final
Ex-Div 23-Nov-17 n/a
Paid 18-Dec-17 n/a
Amount 29.00p 0.000p

Trades for 23-Oct-2020

Time Volume / Share Price
16:18 1,323 @ 17.75p
16:17 11,302 @ 18.00p
16:11 8,698 @ 18.00p
16:11 12,417 @ 18.00p
15:00 1 @ 17.50p

Sportech Key Personnel

CEO Richard Anthony McGuire
CFO Thomas Hearne

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