Share Name Share Symbol Market Type Share ISIN Share Description
888 Hldgs LSE:888 London Ordinary Share GI000A0F6407 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.44% 226.50p 225.50p 226.25p 229.50p 225.50p 229.00p 110,718 13:03:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 313.6 22.1 5.6 33.4 812.03

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888 Holdings Daily Update: 888 Hldgs is listed in the Travel & Leisure sector of the London Stock Exchange with ticker 888. The last closing price for 888 Holdings was 227.50p.
888 Hldgs has a 4 week average price of 225.73p and a 12 week average price of 219.28p.
The 1 year high share price is 237p while the 1 year low share price is currently 158.25p.
There are currently 358,513,374 shares in issue and the average daily traded volume is 791,345 shares. The market capitalisation of 888 Hldgs is £812,032,792.11.
fitton: Amazing more investors are not coming in here this morning.2 failed deals,share price much lower since results.How much longer can 888 stay independent.I think a £3 take out is very possible.
frankiethecabbie: Aug 15, 2016 1:15 PM BSTWILLIAM HILL PLC-21.20ON CLOSING, AUG 15312.50GBpENTERTAINMENT ONE LTD+16.20ON CLOSING, AUG 15255.00GBpA dancing pig in a red dress is unlikely fodder for today's Barbarians at the Gate. But in fact, she's a private equity prize that can provide a useful lesson to a would-be betting behemoth.U.S. buyout firm KKR may be eyeing a bid for Peppa Pig owner Entertainment One after it rejected a 1 billion pound ($1.3 billion) offer from broadcaster ITV, Bloomberg News reported Monday. The potential interest shows that in today's market, if strategic buyers don't pay up, financial acquirers could shove them aside.ITV's 236 pence per share bid for Entertainment One was too low. Bidding at, say, 300 pence a share would still be on the cheap side, relative to global peers. Raising the company's valuation by about 300 million pounds wouldn't be a stretch for KKR. If ITV wants to land its prize pig, it needs to find the muscle to get closer to that level.Let Me Entertain YouShares in Entertainment One are trading above the level of ITV's rebuffed offerSource: BloombergThat's a pretty informative situation for William Hill, the object of interest from rivals 888 and Rank. The two want to create so-called "Megabet" through a complex three-way deal, under which they would merge and then immediately take over vastly bigger William Hill.The company rightly rejected an initial approach, and Gadfly's Chris Hughes argued on Friday that a change to the offer structure might work. Monday indeed saw the suitors present a revised offer, one that raises the valuation and the size of the company's share of the new firm to 48.8 percent from about 44.7 percent.But this was spurned as well -- in fact, the two sides disagree on the value of the new approach, with William Hill saying it's worth 352 pence a share, while Rank and 888 claim it's 394 pence. The share price premium and bigger holding don't get around the fact that the deal is complex, and would still burden the new company with significant borrowings -- 2.2 billion pounds, according to William Hill.Lack of FaithWilliam Hill's foundering share price suggests investors don't expect Megabet to happenSource: BloombergIf a private equity bidder, possibly in conjunction with 888 and Rank, were to come forward, that might lead to a more acceptable outcome. An offer of, for example, over 400 pence in cash would give William Hill shareholders a clean exit, and would be harder to turn down. Then the acquirer would be free to add on leverage.Of course, Rank and 888 should be able to pay more because of the extra synergies they can bring. They point to annual savings of 100 million pounds a year, or 52 pence per share. But William Hill shareholders would have to take this on trust, and the benefits will also take time to come through anyway.The shares fell more than 3 percent on Monday to 323.2 pence, below either sides' assessment of the offer value, indicating that investors are assigning a low probability of the approach succeeding.Barbarians at the Betting Shop might not have such a catchy ring. But to William Hill shareholders it would be more appealing than what's currently on the table.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.To contact the author of this story:Andrea Felsted in London at afelsted@bloomberg.netTo contact the editor responsible for this story:Jennifer Ryan at
frankiethecabbie: William Hill seem to have their own agenda but it's not helping their share price today either
tongosti: Whichever way you cut it, if the deal goes through either equity or debt placement will need to take place. That's why the share price is not advancing (if the deal doesn't go through its highly likely a major leg down in the share price) and that's where the risk lies. As a last thought, don't forget the top shareholder offloaded a significant amount of shares a short while back. The message is very clear.
tongosti: Thank you cyman. I do not necessarily mind buyers not being here at the moment as that is exactly one reason why I bought in (+ the technical and fundamental picture). Sure, one has to be patient in this game (which means that my price target has to wait for a while, unless something goes seriously wrong of course) but I don't think my £4 target is out of reach. My rationale: Over the last 10 years, sales have gone up about 5 times and so have profits (roughly). Tangible book has ranged from about £13mln to about £18mln during the same time. However, cumulative FCF over the same period has approached £300mln! This is unbelievable as the business has been a giant cash machine at almost zero incremental investment. Don't see this very often. Further, the (nominal) share price is pretty much where it was 10 years ago. Mind you, if you perform calculations on an inflation-adjusted basis (like one always should), then the share price is much lower than it was 10 years back. Nuts!Assuming no surprising external events, something has to give and I feel the share price has to catch up with underlying intrinsic value. I will certainly increase my bets once the uptrend resumes (in case there is a reversal I try to get out of the way until the uptrend is established. Have a good evening.
frankiethecabbie: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email to buy additional rights. sweetens bid for rival Bwin.partyMalcolm Moore, Leisure Industries Correspondent Share Author alerts PrintClip CommentsBwin website©FTGVC, the online gaming company, has split from Canadian gaming company Amaya and will go it alone in the race for larger rival as it tries to trump a recommended offer from 888 Holdings.GVC confirmed on Monday that it had increased its offer to 122.5p per Bwin share, made up of 25p in cash and the rest in new GVC shares, valuing the company at just over £1bn.MoreON THIS TOPICGVC launches £1bn bid for Bwin.party888 agrees to buy for £898.3m888 nears finish line in race to buy confirms offer from rival GVCIN TRAVEL & LEISUREMerlin counts the cost of Smiler accidentMerlin shares tumble on profit warningAlton Towers owner Merlin warns on profitIndian cricketers cleared of chargesSign up nowfirstFTFirstFT is our new essential daily email briefing of the best stories from across the webIt previously offered 110p per share on July 9, in partnership with Amaya, which was keen on Bwin's online poker business.But Bwin was uncomfortable with the complexity and uncertainty of the GVC/Amaya bid, and chose instead to recommend a 104.09p per share offer from 888 on July 17.In response, GVC has now parted ways with Amaya and announced it will take a €400m loan from "affiliates" of Cerberus Capital Management to help fund the Bwin bid. GVC's market capitalisation is roughly £262m."We have been talking with Cerberus for quite some time. They have been involved for months," said Mr Alexander.He said he had been shocked by Bwin's decision to endorse 888 ahead of GVC."I was very surprised when they made that decision," said Kenny Alexander, chief executive of GVC. "888 were there and we were not quite there, but we were progressing well. We would have got there but they took the decision they took."But he said Bwin had encouraged GVC to return to the table and that several shareholders had been dismayed by the board's recommendation of the 888 offer."To be fair to them, they left the door open. They were keen for us to return. A number of shareholders were keen for us to return and this morning we have returned," he said on Monday.Mr Alexander said that GVC and Amaya had parted on good terms. "With two parties involved it is less straightforward than with GVC going alone. We were still keen to proceed with the transaction and to remove some of the complexity that the Bwin board had worried about," he said.Bwin acknowledged the new GVC offer and said the proposal had not yet been finalised for formal consideration by the board.GVC also said that it would need to raise £150m through a further share issue to fund restructuring costs, but promised significant cost reductions from the combined business."If a transaction were to be completed, the GVC board believes that cost reductions exceeding €135m per annum would be achieved across the enlarged group by the end of 2017," it said in a statement."Compared to 888 we can get more synergies," said Mr Alexander, pointing out that GVC had already successfully integrated Sportingbet. "We have done this before. These integrations are not easy, and in fact is the result of one that did not go well. But we have done one that did go well."He said that while the cash component of the offer was smaller, he expected the share price of the combined group to rise significantly and that several investors had indicated to GVC that they would be prepared to take the paper."I think this will be done in the next fortnight," he said. "It has been running for a considerable amount of time and somebody will soon come out on top."
stephan1946: The latest comic strip from, Panmure Gordon is astonishing in its total ignorance of the facts. Number crunching is fine but you don't only do the headline figures, the underlying cost savings and other elements have to be taken into account. The motive for Panmure Gordons amazing analyst report can only be to support a "Shorting attack" on 888 share price either tues or wed or later. Panmure put a Sell rating on 888 at 96p. Based on the fact that WMH had an offer of £723m turned down, equating to t/o multiple of 25.5 x eps. Panmure insist that this was way overpriced and that the required figure would be unaffordable and therefore 888 would eventually be cast aside and trail the industry as a whole. Back of a cig packet calculations 888 had £100m in cash jan 2014, now likely to be £140m, so the bid was £583m. The savings at H/O as per 2015 accounts upto 4th quarter, £86m, brings total bid to £497m. Synergy savings depending how big the predator is cannot be less than £97m in round figures, total WORTH of WMH bid was no more than £400m. WMH like all high street bookies is a chancer, yet they paid another bookie, Stanley Leisure £1m net, per shop for his chain and they think they can trample over 888 for a pittance. Panmure Gordon need a decent analyst, somebody who knows the game, who did this claptrap, a TEABOY.
maltaproperty2: If the Amaya speculation turns out to be true then 888 share price will plunge.
mozartprodigy: Bullish article on the gaming sector from iii The past year has been anything but easy for the gambling sector; with the companies researched by Interactive Investor underperforming the FTSE 100 (UKX) and FTSE All-Share Index by a wide margin. And the future, both from an operational and regulatory perspective, is laced with uncertainty. There has been a lot of change already - management shake-outs, tougher regulation and consumers interacting with companies in new ways. In the 2014 Budget, George Osborne decided to raise the duty on digital betting terminals to 25% from 20%. This came after the industry had been lobbying the government to limit any restrictions on the machines due to their potential link the gambling addiction. The Responsible Gaming Trust reports back this autumn. Barclays expects investors to focus on five main issues over the next year - the five Ms; market share opportunities, merger and acquisitions, mobile betting growth, machine regulation and "Miliband's manifesto" - basically, any promises he makes in the run up to the General Election. At the broker's recent European Leisure Conference, half of all investors who turned up reckoned that 5% of the UK online gambling companies will have left the market by 1 December 2015 and 25% thought 10% of the market would exit. Over a third of those questioned expected the UK to see the most M&A activity and two thirds thought the regulatory outlook will worse for UK gambling companies next year. The three biggest risks to the sector are the Responsible Gaming Trust's report, the fallout from proposed changes to machine stakes and the potential for new Labour proposals ahead of next year's General Election. But above all, the panel at Barclays' gambling conference, which included companies, regulatory bodies and compliance, reckoned the involvement of politicians rather than regulators poses the biggest risk to the sector. The Point of Consumption tax (POC), a 15% charge on profits made from UK consumers over the internet, is expected by many to be introduced this year, although some brokers like Numis Securities doubt the plans will go ahead. But it is these changes to regulations that are making companies like 888 Holdings (888) attractive as potential acquisition targets - private equity firm Permira could be interested. Although the industry faces many uncertainties, these could provide an attractive entry point to an under-fire sector. Interactive Investor takes a look at four companies well set to outperform the rest. William Hill (WMH) - 343p UBS analyst Jarrod Castle hopes that William Hill's (WMH) second half trading removes some investor wariness over fixed-odds betting terminals (FOBT). Even though uncertainty remains, Barclays' research suggests that William Hill is the most likely of these four companies to boost its market share over the next year. With uncertainty over UK regulations, William Hill is in a prime position with its Australian exposure, which is doing well. Net revenue there rose 7% in the first half and operating profit nearly doubled. But success was not limited to Down Under. The UK retail business is showing good cost control, expecting to spend just half of the 4% it had planned to. It is also benefiting from roll-out of its new Eclipse machines, says UBS. Ahead of potential new FOBT regulation, William Hill has shut 109 shops. "However, it is still to be seen what measures the government institutes and we would expect William Hill to adopt strategies to offset the additional impact these measures may bring," said Castle. Although the analyst has downgraded expected earnings per share (EPS) for both 2014 and 2015 by around 1%, he still reckons the stock is a 'buy', with a 390p target price. The shares trade on 12 times 2014 earnings, much less than peers. Betfair (BET) - 1,096p While it's not unreasonable to think violating accounting rules will leave a company in the doldrums - not only with its share price but in market sentiment too - Betfair (BET) seems to have emerged from its dividend controversy smelling of roses. Betfair admitted earlier this year that it did not have enough distributable reserves to pay dividends between 2011 and 2013 following rule changes by the Institute of Chartered Accounts in England and Wales. But this didn't seem to concern analysts, with Numis calling its first-quarter update "outstanding" and Barclays keeping it as its "top pick" in the gambling sector. The record quarter saw the internet betting exchange bang in best-ever profits, chasing its share price to six-month highs. "Betfair is executing its strategy very well in our view," said Numis. "Products like 'price rush' have been launched and promoted as promised and have exceeded our expectations. We believe Betfair is set for an excellent year, continuing to exploit the combination of a unique liquid exchange and sports book," added the broker, retaining its 'add' recommendation and 1,250p target price. But Irish broker Davy says management is right to remain cautious about the medium-term outlook. "Point of consumption tax is now imminent in the UK and that brings with it uncertainty regarding potential competitor behaviour," it said. After the update, Numis upgraded its full-year earnings before interest, tax, depreciation and amortisation (EBITDA) guidance to £103 million from £98 million, boosting its EPS to 72p. The broker reckons growth will be steady at the company, with EPS expected to rise to 74.5p in 2016 and 82p in 2017. On that guidance, Betfair is trading on 15 times forward earnings. 888 Holdings (888) - 126p Another bucking industry trends and reporting record results is 888 Holdings. Half-year revenue jumped 13% to $225 million, adjusted cash profit leapt 27% to $49 million and pre-tax profit was up 25% at £36.5 million. These impressive results, which led Investec Securities to upgrade guidance, were largely driven by the company’s enhanced mobile offering, exposure all gambling firms are trying to improve and take advantage of. The gambling company offers not just a gaming experience, but an "interactive experience" through its entertainment destinations. Its casino performance was strong in its last quarter results, with its poker business bucking the industry trend and Bingo seeing a turnaround. And Investec reckons 888 will be able to "navigate" the POC tax when implemented in December so as not to threaten the customer's gaming experience, a virtue not all companies are given. But with the POC tax imminent, private equity firm Permira has touted the company as a buy-out target and said it may even bid itself. Although Investec reckons EPS will fall by a fifth next year, it expects a recovery the year after and another big jump in earnings in 2017 to 17p 9(13.6p in 2013). 888 trades on a forward price/earnings multiple of 14.4 times. With a 'buy' recommendation, Investec thinks the share price could reach 190p. Playtech (PTEC) - 707p Gaming software developer Playtech (PTEC) is the only featured company not to deal directly with the end consumer. Instead, it provides software for casinos, poker rooms, bingo games and sports betting on the web. Trading for the six months to the end of June was ahead of expectations, with revenue up 21% to €214 million and adjusted cash profits up 28% to €97.6 million. EPS was up and the dividend was given a boost, despite the recent £100 million special dividend. So a solid update by anyone's standards. And management expects this positive streak to continue, betting that it can beat its previous full-year expectations. Panmure Gordon is bullish, too, with a 'buy' recommendation and 800p target price, especially with its new Ladbrokes Digital operation fully operational and growth in new licences. With a forward EPS of 53.6 euro cents, the stock is trading on 15.5 times forward earnings. This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
frankiethecabbie: Cue, if they made a bid for Party ,what do you think would be a fair price now? And what would happen to 888 share price ?
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