Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Gambling firm set to return another chunk of money to investors
Thursday 31 Aug 2017 Author: Daniel Coatsworth

Gambling firm Sportech (SPO) may soon pay shareholders cash equal to nearly one third (29%) of its current market value, according to investment bank Investec. It believes the small cap could pay out up to 29p per share. The stock currently trades at 98p.

Investors may get even more cash in the near future if Sportech wins a legal battle to receive compound interest on a £97m VAT repayment claim, rather than ‘simple interest’, says Investec.

The bank believes a positive outcome could be worth between £150m and £250m, which equates to 81p and 135p per Sportech share.

 

‹ Previous2017-08-31Next ›