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Thank you and goodnight Playtech!

By Chris Bailey | Monday 18 October 2021

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.

It is not a bad start to the week when a holding gets bid for. If I get one bid a year for one of my holdings then I am lucky, because trying to predict a bid is somewhere between difficult and impossible (which is a bit of a hassle given the market factors in a potential future scenario about 99 times more often than there actually is a bid). Anyhow, having made Playtech (PTECone of my tips of the year in late 2019, I doubled up my position during the COVID-19 uncertainties a few months later. All a bit embarrassing…but such is the investment world. Anyhow, I have kept my expanded position since and was still seeing some potential for future appreciation as noted here last month. Good bid news this morning then for the gambling software development company and for me!

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