Sportech (SPO)

Sector:

Tourism and Leisure Services

Index:

FTSE Fledgling

 18.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 34.75p
  • 52 Week Low: 11.00p
  • Currency: UK Pounds
  • Shares Issued: 188.75m
  • Volume: 0
  • Market Cap: £34.26m
  • RiskGrade: 339

Sportech set to top earnings forecasts

By Iain Gilbert

Date: Monday 25 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Betting technology business Sportech said on Monday that it expects full-year adjusted underlying earnings to exceed expectations after driving operational efficiencies through all of its business lines.
The company said group adjusted earnings before interest, taxes, depreciation and amortisation, excluding Sports Betting investments, will be ahead of the board's expectations, while group revenue will be in line with forecasts.

It said this was a result of "positive decisions" taken to restructure the group - including exiting certain non-profitable activities and streamlining costs.

While Sportech expects this to impact its exceptional items cost line in 2019, the move also looked set to deliver long-term returns.

Chief executive Richard McGuire said: "Sportech now has a management team in place to transform the business to drive growth and efficiencies.

"We have extricated the group from a number of historically expensive strategies, delivered an efficient and lower operational cost base and we are now much more confident in the group's ability to deliver significant value to our clients and shareholders."

As of 0915 GMT, Sportech shares had ticked up 0.52% to 32.97p.

Email this article to a friend

or share it with one of these popular networks:


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 18.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 34.75p
52 Week Low 11.00p
Volume 0
Shares Issued 188.75m
Market Cap £34.26m
RiskGrade 339

Sportech Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.61% above the market average29.61% above the market average29.61% above the market average29.61% above the market average29.61% above the market average
17.14% below the sector average17.14% below the sector average17.14% below the sector average17.14% below the sector average17.14% below the sector average
Price Trend
81.5% below the market average81.5% below the market average81.5% below the market average81.5% below the market average81.5% below the market average
53.42% below the sector average53.42% below the sector average53.42% below the sector average53.42% below the sector average53.42% below the sector average
Income Not Available
Growth
70.84% below the market average70.84% below the market average70.84% below the market average70.84% below the market average70.84% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
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 --2020

Time Volume / Share Price
0 @ 0.000p

Sportech Key Personnel

CEO Richard Anthony McGuire
CFO Thomas Hearne

Top of Page