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888 888 Holdings Plc

79.80
-0.20 (-0.25%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
888 Holdings Plc LSE:888 London Ordinary Share GI000A0F6407 ORD 0.5P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -0.25% 79.80 1,195,093 16:35:00
Bid Price Offer Price High Price Low Price Open Price
80.30 80.55 80.55 77.75 80.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Amusement & Rec Svcs, Nec USD 1.24B USD -120.5M USD -0.2683 -3.00 361.53M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:14:45 O 7,454 79.279 GBX

888 (888) Latest News (1)

888 (888) Discussions and Chat

888 (888) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-18 17:14:5579.287,4545,909.46O
2024-04-18 17:11:2979.0226,86521,227.65O
2024-04-18 17:11:1979.1013,83310,941.90O
2024-04-18 16:55:2779.8021,86517,448.27O
2024-04-18 16:55:2779.80672536.26O

888 (888) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by 888 Daily Update
888 Holdings Plc is listed in the Amusement & Rec Svcs, Nec sector of the London Stock Exchange with ticker 888. The last closing price for 888 was 80p.
888 currently has 449,108,257 shares in issue. The market capitalisation of 888 is £361,532,147.
888 has a price to earnings ratio (PE ratio) of -3.00.
This morning 888 shares opened at 80p
Posted at 29/3/2024 06:24 by hope1815
Listening again to Per Widerstrom - CEO Sean Wilkins - CFO Vaughan Lewis - CSO on the presentation on the Presentation 27 March 2024 on Investor Meet Company.

1-It was interesting to see their position on the debt in the coming year. Sean Wilkins commented on the net float which can be leveraged when interest rates come down in 2024. There is a hidden savings in this over the next 12 months. Sean Wilkins mentioned interest payments are around 50% of the Core Profitability.

2- Core market refocus and using partnerships to increase Revenue in their Core Markets within Europe. This point was very interesting with the ongoing relocation of resources within 888 Holdings Group with USA withdrawal.

3- The ongoing operations with 888 Africa were not mentioned other than the slide on Growth and Revenue generation of 888 Holdings. This I assume would be expanding operations with other partners.

4-They were asked about equity release on reducing the debt and Sean Wilkins said "It is not in the present plan". I would think they have other avenues of thought on that aspect of thinking.

5- The name change seemed lackluster and no real push on that. They would normally have a presentation on the name change the research, the market reaction, etc. That was missing and it is up to the shareholders to decide on the Corporate Identity.

Overall, the presentation is clear, concise, and to the point. Some questions at the end seemed to confuse Sean Wilkins on the operational aspect of the company. The William Hill question seemed to confuse Sean Wilkins a bit.

I still think 888 Holdings holds great potential for revenue and growth within the markets it operates in and looking to expand. They showed that the group as a whole is fundamentally very profitable.

I would think people looking at 888 Holdings would think. The group's Core Profitability is high and has a presence within core markets. It has Strong Brand names within the markets it operates. It is clear on the Gambling Commission Review now. Private Equity will look at the company and its overall Profitability, where it operates, and all its Brands.

The question of whether 888 Holdings will be bought out only time will tell.

Happy Investing
Posted at 18/3/2024 21:42 by hope1815
Interesting came across this today under my daily searches

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888sport Review 2024 16 March 2024

hxxps://www.cryptonewsz.com/gambling/reviews/888sport-casino/
Posted at 14/3/2024 19:57 by hope1815
On the outlook for 888 Holdings, the upcoming Trade update should show if the CEO has had any influence.

I did a feasibility study (Business success may be defined primarily by return on investment, meaning that the project will generate enough profit to justify the investment).Revised update November 2023

Pre Study
On 888 Holdings on the understanding of Due Diligence, The Revenue outlook, the Synergies on the Acquisition of William Hill with 888 Holdings, The bonds issued to cover the purchase of William Hill's forward-looking costs, the Asset Portfolio of William Hill/888 Holdings (William Hill UK, 888casino, 888sport, 888poker and Mr Green. They operate the SI Sportsbook and SI Casino brands in the USA in partnership with Authentic Brands Group and others)The outstanding issues with Goverenece pre-June 2023. Also, other areas that impact the cost ratio with Rent/Wages outlook, etc.

Post Study
With the above in mind, 888 Holdings took a large part of the Bonds to purchase William Hill with Morgan Stanley and JPM. This accounted for 1.3 Billion with Various rates of 6% to 10% range these run to 2027. The payment required over this period for Bonds Holders on a Bi-Annual Basis. The Float Debt which stood at 350 Million.

The Asset Portfolio of William Hill and 888 Holdings net worth compared to the Market cap of the company in November 2023. The Asset Value across the company certainly suggests the Debt and Market cap presently do not match the Asset Value.

888 Holdings Board came up with a plan to reduce the Debt ratio by 2025 within a reasonable manner in 2022.

It is now March 2024 and I decided to widen my Previous saved post and broaden the outlook. SI Sportsbook has been put under Strategic review. This seemed a forerunner when 888 Holdings pulled out of Deleware in December 2023. This will save £6 to £7 million in the coming year but has an overhang of £50 million over 5 years.

888 Holdings continues to hire people on the Compliance in line with CEO thinking. They also have invested in AI with some partnerships mentioned. The group has launched 888 Titles around the world in different regions Asia/Africa etc.

While this is on going there was thinking within the team on how to tackle debt and free 888 Holdings from it. The following is speculative outlook and in no way indicates what may come about.

The Fund rise would be £1 per share which would raise up to £1.2 Billion open to Investors across the board. This would clear the debt to below £200 million with operating costs of the business showing core profit of £300 million plus. The dividend may be restored with some equity release, selling some of the groups net asset increasing cash flows.

I would add more but its a bit in depth so I chose a short version. If the above in any way did come about this leaves 888 Holdings with Market Cap of around £1,649 Billion with operating costs in profit and growing markets. The divdend percentage would be around 0.8% to 1.2%. If a bid did come in you would value the company around £3 Billion if the above scenario happened.

Happy Investing
Posted at 27/2/2024 20:07 by hope1815
Ok, Imperlist you left changed heart people do, listing other companies that your affair.

Looking forward to 888 Holdings partnerships which it mostly owns. Below is just one of 888 Holdings -

888 Emerging Limited Isle of Man Job MLRO

hxxps://www.locate.im/working/job-search/543253/money-laundering-reporting-officer

It seems Governance is important to the group and follows the CEO's thinking.

Also looking forward to Alex Smith's Third Bridge outlook-

The larger operators have adopted a more cautious approach as there are huge uncertainties on the long-awaited white paper. This paper could bring about significant changes in how online gambling is regulated, especially concerning consumer protection and marketing. Our experts predict that it will take 2-3 years for these regulations to be fully put into practice.

“In late 2024, 888 Holdings might see an improvement in their market share, as smaller regulators may leave the market. These smaller operators don't have the time or expertise to focus on compliance. Additionally, the potential increase in Gambling Commission fees will financially impact them even more.

"888 Holdings can benefit from the retail locations of William Hill. Our experts anticipate a significant increase in retail activity and a shift away from digital platforms. This is due to the introduction of measures that will be somewhat too restrictive for online customers.

"Our experts anticipate a decrease in 888's marketing expenses as a percentage of sales, dropping from 23% last year to approximately 16-17% in 2025. This reduction is attributed to a decrease in the use of brand ambassadors and affiliates, in part due to the influence of new regulations”

There is another outlook on the Mobile for 888 towards the end of 2024 with an increase in market share with an update on Governance and compliance on A. I data.

If you do the research and dig up come up with a general idea of how 888 Holdings is going to develop. Remember the group is just not UK based.

I have researched the group and read reports on how White will impact the Gambling Industry. The bigger companies will have an advantage in costs and data implementation. I am holding medium to long term.

Short Term for speculative Investor a Buy
Long Term Inventor Hold

Happy Investing
Posted at 27/2/2024 17:33 by hope1815
Baldrick 1 is correct in assuming 888 Holdings will have to increase Revenue to offset the debt over a longer term. The Revenue presently is above the Debt £1.3 JP Morgan co hold 2027/28 Maturity. The floating debt is been eroded with present cash flows which should show further inroads of £350 million (£180 million left).

I have mentioned some information on the plan the CEO is putting forward on 26/3/24. This will increase Revenue in 2024/25. The white paper in some areas benefits William Hill Group within the UK.

On the short position I have covered that by listing who/when they hold and the price held on their position.

Overall 888 Holdings has had a rough 18 months, with ups and downs in the share price. The group as a whole has a good brand worldwide on the mobile market. Mr Green in the Nordic region has good exposure. William Hill in the UK has a street presence and a good Portfolio. The USA 888 Holdings has increasing Market exposure. Asia and Africa are becoming more open and projections show the market will increase. Many Analyses suggest 888 Holdings will be bought sooner rather than later.

Happy Investing
Posted at 27/2/2024 06:00 by popit
Some people give far too much importance to shorts

So some people are short 2% of the Market Cap

So what? That means 98% of the Market Cap is long

Shorts have no special knowledge and they largely play on the fear of other investors

When Playtech has already had a bid of £1.56 rejected by 888 for being far too low, and when Draftkings has also discussed a takeover of 888 at probably a far higher share for share price, it is fairly obvious that 888 will not remain independent for very much longer.

The forecast eps is also 25p and so even if a bid did not happen for 888 the shares are still extremely undervalued
Posted at 23/2/2024 19:41 by popit
When Playtech has already had a bid of £1.56 rejected by 888 for being far too low, and when Draftkings has also discussed a takeover of 888 at probably a far higher share for share price, it is fairly obvious that 888 will not remain independent for very much longer.

The only questions remaining really are will there be a bidding war involving multiple other players? and how much over £2 or £3 will Playtech or Draftkings have to bid?

The gambling industry continues to consolidate every month and there are not too many prime targets such as 888 and William Hill left to buy.

Kindred was the most recent takeover bid at a takeover price of 2x Revenue.

If 888 was to be taken over at a similar price then Playtech or Draftkings would have to pay about £8 per share.
Posted at 17/2/2024 07:34 by hope1815
Well a monthly review on the share price. On 17/1/24 888 Holdings share price was 79.75 but over the month has risen to 94.84 17/2/24. This shows a 18.92% increase over the month.

888 Holdings presence in the media when searches are conducted on a daily/weekly basis has increased across most Gambling platforms.

News Articles which mention 888 Holdings seems to be more common place. Just to illustrate 3 Articles are below last 24 hours.

hxxps://www.hu17.net/2024/02/16/gambling-companies-revenue-in-q4-full-year-2023-financial-results/

hxxps://www.gamblinginsider.com/news/24208/no-profits-no-worries-theres-never-a-dull-day-at-draftkings

hxxps://sepoy.net/new-database-breaks-down-the-125-billion-spent-on-igaming-acquisitions/

I thought it may be interersting to people if they wanted some information may be pointless but news is knowledge.

Happy Investing
Posted at 03/12/2023 07:15 by hope1815
Within the past month, 888 Holdings has been under 2 bids back in July 2023. DraftKings with discussions with FS Gaming without the board's involvement. Also, Playtech in July 2023 as well with a Bid at£1.56 per share around £700 million.

The CEO has bought a few shares recently around 2 million at an average of 82p. It seems the Articles on Bids for 888 Holdings for some reason are being leaked.

888 Holdings' presently share price is around 70p and William Hill Portfolio's Asset value is more than its Net debt with 888 Holdings thrown in. It is reasonable for a bid to come in at around £1.2 Billion, not including the debt for the whole group.

Before 888 Holdings bought William Hill the company's Market Value was around 600 million, Purchasing William Hill for 1.9 Billion would make the company as a whole around 2.5 Billion. The present market cap and Debt of the company is around 1.9 Billion as a whole. Looking back I think the chairman and former CEO were not too bright.

Apollo Asset Management has been quiet in the background, They may bid for the company as a whole and then split up selling off 888 Holdings/ William Hill.

The bidders are trying to buy on the cheap which anyone would do.
Posted at 11/11/2023 08:57 by hope1815
888 Holdings Leaveage of Debt

With ongoing Saga of 888 Holdings debt which is built of Binding Bonds till 2027. The bankers JP Morgan and Morgan Stanley hold a large chunk of the Bond which is spread across with different rates. These range from 6% to 10% respectively. The outstanding debt is of interest to many within the field and looks at this as an opportunity to use as Leverage.

On 15 August 2023, Analysts at broker Numis said that “headline valuation multiples appear attractive but reflect the high leverage (and slow deleveraging) as well as the relative lack of geographic diversity”. The company’s reliance on the UK market, which contributes two-thirds of its revenues, remains a competitive disadvantage against gambling peers with bigger overseas operations. The shares trade at six times forward earnings, according to consensus forecasts on FactSet. This is a 50 percent discount to the five-year average, but there are good reasons for that.

888 Holdings has appointed a new CEO Per Widerström who said on Linkadin " Today, a thrilling new chapter unfolds for me as I am relocating to London and taking on the role as CEO of 888".

In the meantime, Per Widerström has given up 8 Non-Executive roles to solely put his efforts into 888 Holdings. Since starting CEO has bought 2066535 shares with a weighted average above the present price of 82.60 at the close of 16.30 pm.

888 Holding's Asset Value is estimated to be around 2.5 Billion to 3 Billion with all operations taken into account for the company. This figure is a rough outline of William's Hill Portfolio and 888 Holdings as a whole.

With Articles of Draft King's interest in buying 888 Holdings in June 2023 and GS Gaming's position presently as a shareholder. It shows the company is well undervalued. Apollo has failed attempts at acquiring William Hill and past partnership with Rank in the past. It is going to be interesting in the coming weeks on how this story plays out
888 share price data is direct from the London Stock Exchange

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