Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in May I observed that I was ‘still holding onto my profitable position’ in Playtech (PTEC) the gambling software development company. Today it is less profitable than it was back then as over recent weeks the shares have fallen back to levels last seen in November last year. Thankfully I doubled up my holding sixteen months or so ago when almost everything was perceived a bit more cautiously. Anyhow back in May, whilst observing firm multiples and a bit of debt, I did also observe that its ‘online growth has remained very strong in 2021’ and hence I still hoped that Playtech shares had ‘the scope to return to around the six quid level again’. Well despite the romp in Entain (ENT) shares over the last couple of years working out very well, Playtech has been a lot duller. Since May there have been a couple of interesting further announcements too.
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