888 Share Discussion Threads

[shaker44] 08/10/2021 08:15

Good thoughts. I was lucky to unload at 491 day after dk/entain. On my watchlist and looks time to buy back

[rimau1] 08/10/2021 07:59

Decent re-entry point for any short termers as likely to be a bullish update IMO. £4 has been recent support, Entain results next week and DKN takeover has to formalise by the 19th so plenty of catalysts in October. £4.80-£4.90 was a bit frothy even for LTH’s as we got sucked into the merger frenzy but i will be adding some at these levels. The leftfield bull would also argue we are a sitting duck for a takeover too. Only bear point is we do have an equity raise to announce for the WMH acquisition

[mip55] 08/10/2021 07:30

Trading update on the 19th then

[winston81] 04/10/2021 11:44

www.cityam.com/more-gambling-firms-on-us-operators-shopping-list-says-industry-titan/

[shaker44] 23/9/2021 11:35

For sure. And I Should have sold Gan when it rapidly rose to 30 but I didn't and now languishing at 15.i would sooner leave some profit on the table than watch it slip away.

[its the oxman] 23/9/2021 11:08

Never a bad idea to realise some profit, especially in a sector where regulators can bite you on the bottom sometimes.

[finkie] 23/9/2021 07:58

Sure doctor but they went from 320p to 80p over a 2 year period 2018/20 which wasn’t pretty to sit through at the time.

[doctor888] 22/9/2021 16:23

I am not considering selling unless well over 800p - let's see...

[finkie] 22/9/2021 15:53

Probably right to trade a few now at these prices, but the consolidation factor is big now and these will be surely 650p for a takeover, they have to be to tempt shareholders away from the current virtually 500p we have now.......sell some keep some!

[shaker44] 22/9/2021 15:10

Then sold non isa too at 491. Seems toppy

[shaker44] 22/9/2021 12:52

Me too. just cashed in my larger Isa holding and hanging on to non Isa. Valuation looks a tad stretched-and you never get poor taking a good profit!

[chard1980] 22/9/2021 12:42

This has exceeded my expectations, originally thought 450 would be my out, sat here pondering how much legs this has left?

[the white house] 22/9/2021 12:17

Just realising the value here, that 888 jumped and have sealed both online and B&M dream ticket. Just need a new company name like the umbrella Flutter and entain. PR company will charge 100K I will throw Pastime, Lucky Number and NJYMNT into the ring for half that. Watch this space

[adamb1978] 22/9/2021 09:25

Its the Entain offer....people assuming 888 is next

[finkie] 22/9/2021 09:15

Wow 481p surely not all on the back of the bid for entain? Are we in play too?

[base7] 21/9/2021 17:16

Perhaps to get the deal financed the providers of debt insisted on 25% equity of the total amount to be raised so they could share in the upside.More risk by taking on £1.5bill debt but also more potential upside.It will also be interesting to see who the owners of our additional £500 mill equity will be -as that info could also support our share price at whatever level it settles

[makinbuks] 21/9/2021 15:54

If memory serves the BOD and major holders rejected the last bid at £2 odd holding out for £3 which never came. If they an now do the Hills deal selling shares for north of £4 they have been thoroughly vindicated

[makinbuks] 21/9/2021 15:47

Should please Doctor888 making our fundraise easier and less costly.

As to why its necessary I guess you just have to trust the maths. They will have modelled the cash flows and looked at what is required for development and marketing as well as a sustainable dividend. I don't really think funding an acquisition that large was ever going to happen with 100% debt although I agree if it were it would be better for shareholders (debt costing less than equity) although they may have had to forgo dividends

[the white house] 21/9/2021 15:40

Billy's starting to look cheapGreat deal

[hawaly] 21/9/2021 14:44

NBC Now @CNBCnow
10m
BREAKING: DraftKings makes $20 billion takeover offer to UK-based online sports betting company Entain - sources tell @davidfaber

GLA 😎

[doctor888] 21/9/2021 13:19

By my calculations, the acquisition of WH increases the value of 888 by circa 10% per share after dilution, but I agree with Makinbuks that there is execution risk. However, 888 has proven to be an excellent acquirer in the past.

I must say that I don't understand the point of the fundraise just to make the balance sheet look nice. Who cares (unless other acquisitions are being considered)? As long as the company is generating cash, the debt will be paid off in time. Many US companies, such as Home Depot, have negative equity, but generate plenty of cash that can pay off the debt quickly if they so chose. I am against the fundraise unless of course it is at a much higher price than the current share price (say, >>30%, which I think is unlikely). I am probably missing something, but if anyone can enlighten me as to why a fundraise would make sense, please do!

[makinbuks] 21/9/2021 12:08

Yes I agree and hold the shares, my point was that taking on £1.5bn of debt to realise that ambition has increased the business risk. The US is not a factor as we already had that upside

[base7] 21/9/2021 11:33

A £500mill fundraise to acquire a company costing over £2bill & to result in 888 being a major player,also with a presence in the Us sports betting market which they will hope to grow.

[makinbuks] 21/9/2021 11:24

Considering there's a £500m fundraise on the horizon they have done remarkably well. Appropriately for a gambling company we are rolling the dice here I feel. Yes the potential upside is great bit we have significantly increased business risks too

[winston81] 20/9/2021 19:36

Picked up nicely this afternoon so hopefully a good sign