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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.
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