888 Share Discussion Threads

[frankiethecabbie] 23/9/2016 14:37

Another possibility, Amaya has a lot of debt and has let it be known it's open to offers. A merger with 888 would create the biggest online company and resolve the Pokerstars issue in the States .

[fitton] 23/9/2016 10:49

888 should be looking good for £2.50 fairly soon.Maybe after the dividend is paid in early Oct.Shares traded upto £2.40 after the full year results in March.Half year results were very good.Why on earth William Hill don't just pay the £3 - £3.20 a share to get 888 on board I really don't know.In the short term maybe the deal looks expensive on paper but in the long term its a no brainer. Hats off to the boss of GVC.The Bwin deal looked a bit top heavy at the time but he had the vision to see how the integration would work and now 6 months later the shares have gone from £4.50 to £7.50.Sack the William Hill boss and get someone in with some serious ambition.Even if William Hill had to pay £3.50, there is a good argument to write down the asset in the short term for tax reasons and then work on the integration.Its staring them in the face.I would also have to say that there must be questions about some of the moves 888 have made recently.Get the personal Ego's out the way and get down to business.

[trentendboy] 19/9/2016 09:12

Interesting. The bingo market is competitive and the market cap looks a bit rich to me.

Be interesting to see how it trades but not for me to start with

[johnyee 7] 10/9/2016 15:24

One for the gamblers out there.

[frankiethecabbie] 09/9/2016 08:08

I read this in The Telegraph's iPhone app and thought you'd like to read it:

[jamesjoel] 07/9/2016 13:23

Todays drop probably 888 commenting merger with Rank not on the cards

[frankiethecabbie] 01/9/2016 12:17

01-Sep-16 Canaccord Genuity Buy 225.00 255.00 ReiterationUpgrade from Canaccord

[jamesjoel] 31/8/2016 12:33

Thanks Frankie does that mean I can sell on the 13th and keep the divi?

[frankiethecabbie] 31/8/2016 11:03

Goes ex dive on 13th September

[jamesjoel] 31/8/2016 10:33

Can someone advise what is the latest date to hold the shares before selling but still get the divident payment. Thanks in advance.

[jamesjoel] 31/8/2016 08:51

hxxp://www.cityam.com/248469/fresh-william-hill-rejection-online-gamer-888-reports

[frankiethecabbie] 31/8/2016 08:44

https://www.aol.co.uk/news/2016/08/31/euro-2016-helps-888-holdings-score-record-revenue/

[jamesjoel] 31/8/2016 07:16

Solid results growth continues above expectations I bought back in lol only a matter of time before we get gobbled up

[trentendboy] 25/8/2016 20:37

Amusing article telling 888 how to do their business. A lot of good points though and certainly some issues that need addressing.

Pokerstars combustion can only be good news if 888 take Poker seriously

[trentendboy] 25/8/2016 15:01

Well and truly in play.

I am sure 888 can find a better suitor than Rank. They are pretty poor IMO.

Can do better

[frankiethecabbie] 25/8/2016 12:09

Rank runs numbers on 888 after failure of William Hill bidRobert LeaAugust 24 2016, 12:01am, The TimesMecca reported a 14 per cent increase in operating profits in its 90 bingo halls to £33 millionRICHARD POHLE/TIMES PHOTOGRAPHERShareSaveRank Group is not ruling out a £1.6 billion merger with 888 Holdings after the pair's failure to pull off an ambitious three-way deal with William Hill.William Hill, the high street bookmaker that has struggled to get a credible presence in online casinos, rebuffed a £3.4 billion joint takeover approach by Rank and 888 last week.Henry Birch, Rank's chief executive, declined to damp down speculation yesterday that the next move could be a merger of his company, valued on the stock market at £850 million, with 888, valued at £775 million.He said the rationale for pursuing the audacious three-way deal had been manifold: the present round of consolidation in the industry in which Paddy Power merged with Betfair and Ladbrokes did a deal with Gala Coral; the synergies of selling multiple products to an enlarged customer audience; the power of scale when marketing budgets needs to be large; and the notion that a Rank-888-William Hill deal would set a new paradigm in the industry."If you started with a blank sheet of paper you would want to create a company with retail and digital offerings across sports betting, casino, bingo and poker," Mr Birch said. He indicated that a deal between Rank and 888 would not be illogical. "We are in 'no comment' territory here but, yes, the same rationale applies," he said.Yesterday Rank reported annual results that were good in parts and said that it remained comfortable with its strategy before the William Hill bid: organic growth and the development of new channels by which to part customers from their cash.Rank once had a proud history in the film industry and retains its gongman logo. Nowadays, notwithstanding a Spanish division, it is essentially a two-legged British company based on Grosvenor casinos and Mecca bingo halls and it is taking those brands online.Grosvenor Casinos' move online brought a 70 per cent increase in digital operating profits to £5.3 million, but that gain was wiped out by a slowdown in business in its 60 clubs in the final weeks of its financial year on June 30, where operating profits in the actual casinos slid 4 per cent to £60 million.In its 90 bingo halls, Mecca reported a 14 per cent increase in operating profits to £33 million but its digital offering of rolling 90-ball online bingo games fell 40 per cent to £8.6 million.Group pre-tax profits came in 4 per cent higher at £77 million on revenues 2 per cent higher at £753 million.

[loganair] 25/8/2016 12:09

These two headlines came out a few days ago:

Rank Group Looking For Acquisitions After Withdrawing From William Hill Race.

And

Rank and 888 pull out of the William Hill takeover, but Rank reveals it is actively seeking takeover targets.