$PTEC.L (Playtech Plc)
The second stock that I have decided to sell is Playtech.
It has failed to pay any dividend since 2019.
More online gaming providers have entered the market. The important Asian markets has not really been penetrated.
It's profitability is declining.
It is highly geared and carries a lot of debt
Sales, EPS and Roce are all declining.
The recent rejection of their bid for 888 was significant.
I will have to take a hit of about 20% on this sale, but sometimes, you just have to cut your loses and look to invest elsewhere.... Show More
