888 Share Discussion Threads

[srpactive] 24/3/2020 13:31

F

The ftse did not even move much higher over the past twenty years,
but we have been hammered on the move down, enough is enough, ftse should
bounce swiftly higher on any slowing of the virus.

dyor

[farrugia] 24/3/2020 13:09

yes i know - I guess I'm happy with a 30% profit for now on a small trade. My main fear is that the UK stock market still hasn't seen the worst of the virus crisis.

[oneillshaun] 24/3/2020 11:52

Farrugia - you understand that live dealing in a tiny % of the revenues plus being an operator it is very easy to redirect your players to other products/games /slots so in my eyes if the live dealer studio closed down it wont effect us much plus Evolution Gaming also has another studio in Malta which is running for now.

[farrugia] 24/3/2020 11:22

it would impact them to some extent not sure how big the impact will be.....if the operation in Latvia has to close for some months and there are no live dealers, 888 players won't be able to have live dealer gaming.

Light at the end of the tunnel will come when the USA and UK are recovering their virus epidemic. It has only started in the USA, they were doing many tests and the figures are already alarming.

[srpactive] 24/3/2020 11:04

F

China will lift lockdown on coronavirus epicentre of Hubei tomorrow... as the world watches: Officials cancel travel bans on province except city of Wuhan after strict measures led to huge drop in deaths


Italy death rate slows for first time in several days, as Europe lockdown deepens

Fall in daily death toll in Italy offers hope tide might be turning


---------------

The shorters should close.

dyor

[trentendboy] 24/3/2020 10:58

Live dealer issue could be a problem - PTEC closed one but have the other running Italy and Korea with real numbers show lockdowns workLight at the end of the tunnel?

[farrugia] 24/3/2020 10:51

I sold this though today at about 111p - I think this might go back down if the epidemic gets worse. And they have the live dealer thing in Latvia which might have to shut down if there is a lockdown there. btw i'm guidfarr - the original author of this thread ha! 10 years and i'm still here!

[srpactive] 24/3/2020 10:49

Yes I am also gvc and hgm, aswell as trading rmg, just gone into foxt.

I actually feel gvc will be the first as that is the lion, then once they get that the
other two will be begging to join them.

dyor

[trentendboy] 24/3/2020 10:38

Yep, Hills and 888 obvious targets.

GVC bit a large mouthful though

PTEC could be a target given they have lost there way recently but have strong global footprint.

Spreading money across the sector at the moment but running low on liquidity

[srpactive] 24/3/2020 10:34

Yes quite right, but as I said the other week on gvc thread the Chinese could come along and buy gvc, wmh and 888 for a song and then be the biggest winner
from the US opening of gambling. As I mentioned it is the West shorters that have
ruined the values of West companies and now the East if they bid quickly for
gvc, wmh and 888 could benefit the most. Thank you shorters.

I am expecting bids for onliners very soon.

dyor

[trentendboy] 24/3/2020 10:27

True regarding debt. 888 nice to be debt free with nearly 100m in the bankGVC debt well covered with revolving facility and debt recently restructuredBut yes, important consideration

[farrugia] 24/3/2020 09:23

Like you Trent - I bought too little here yesterday - 10,500 shares. This is a different beast to GVC. GVC has too much debt which is bad in this climate.

[trentendboy] 24/3/2020 09:20

Why would one make it up? Who gains from that? Not least because the share price could crash a lot further than it fell before if things get worse.

Went long 4 different gaming stocks yesterday - PTEC, WHM, 888 and GVC

Simple to play across the sector once we got lockdown and some uncertainty lifted coupled with Italy numbers

Question is whether to go longer .... less value in 888 compare to Hills imo at the moment but GVC also massively oversold given global reach and US partnerships. PTEC big on casino games and live blackjack etc. That is looking popular.

[rimau1] 24/3/2020 08:59

Of course you did!!!!

[trentendboy] 24/3/2020 08:52

Went long yesterday so good timing but never enough - should have gone in largerKeep hearing online gaming more popularPoker should go through roof888 weakness was poor sports book but in this case it is a strength and people sold off not understanding the mixWas massively oversoldNo reason 1.50 not possible

[paa65] 24/3/2020 08:24

Seems I was right (for a change) in suggesting on 4th March that 888 would so ok out of this.Today's RNS confirms sports betting was only 16% of revenue and other revenues have gone up.

[oneillshaun] 23/3/2020 09:54

Any thoughts on this still going ex on thursday?

[oneillshaun] 18/3/2020 13:27

Its blue WTF

[oneillshaun] 12/3/2020 21:18

This will destroy all 3 of them massive profit warnings and if this drags out to the Euros wow M&A market will be active.

[grabster] 12/3/2020 13:45

"Flutter Entertainment PLC (LON:FLTR), the company behind Paddy Power and Betfair, is down 12% as a result of expectations that revenues will be hit as sporting events get cancelled. Sector peers 888 Holdings PLC (LON:888) and William Hill PLC (LON:WMH) are down 12% and 13% respectively but compared to some other FTSE 250 constituents, those setbacks are modest"

Of those three, I imagine 888 is the one least exposed to cancellation of mass-crowd sporting events.

[alex1621] 09/3/2020 21:23

Stress is bad for your immune system. I share your concerns regarding Italy ... is that what we'll be doing soon?

[oneillshaun] 09/3/2020 14:38

And it starts sporting events postponed........

Hockey, golf,Rugby football the list goes on.

[alex1621] 09/3/2020 08:30

World markets getting hammered, and Coronavirus has not even started. I'm looking at 888 but not tempted just yet, at the last recession it was down to 32, but to be fair the US had previously clamped down on operators (a major factor in the fall), which is not the case currently, and I doubt either Trump nor Biden would change anything.Watch and wait.

[larsson5] 05/3/2020 15:56

The overall tactic is that if the Govts cannot stem virus then it is a case of riding it out as 80+% is very mild cold symptoms. Until US and or UK sport is cancelled indefinitely then there will be a problem for all as every event gathering will be aborted. However cant quite see that happening.
With regard to 888 if they even hint at lost revenue now then trouble at mill for sure.
As an aside 888 have no CEO or COO so again the possibility of a cheap t/o offer cannot be ruled out here imho