888 Share Discussion Threads

[the technical trader] 23/2/2024 12:34

From a TA perspective there's support in the 50p area. Too many headwinds for me to consider buying. Good luck to all holders.

[oneillshaun] 23/2/2024 12:31

https://www.gov.uk/government/news/new-2-maximum-stake-for-under-25s-playing-online-slots

[blackhorse23] 23/2/2024 12:06

What I said yesterday pumping for dumping . Group has serious financial crisis at the moment . It will drop below 70p

[the imperialist] 23/2/2024 11:32

I've gone too.

[navigo] 23/2/2024 10:59

i bailed out at 90.5 exactly 2 weeks ago -

"888 Holdings PLC 2010/2011: Discussion and Analysis - Post 18669888 888 Holdings Plc Navigo 08 Feb 2024 13:33
Navigo
I'm waiting for someone to pull the rug away after 2 pm ?" no it didn't happen then

will the Government pull the rug today ?

so how long (if ever) will it be before this turns out to be a good decision ?

[baldrick1] 23/2/2024 08:55

I think bailing out at 96p was a wise decision on my part and was able to build up my shareholding in hvo, which ticked all the right fundamentals of a stock.

[trying2trade] 23/2/2024 08:53

You can buy it, they already have done. they've also already invested heavily in the states. The foundations are solid so long as the regulators stay away.

[the white house] 23/2/2024 08:13

William Hill Vegas & 888 casino both riding high in top 3 of Apple iPhone downloads in that sector. WH market leading sports app above Ladbrokes and SkyBet currentlyImpressive and bright futureYou cannot buy this world leading tech

[blackhorse23] 22/2/2024 22:56

Last year FY results net debt was 1.7 billion since then every quarter group is making loss which debt should go up this year. WH lease liabilities , interest on debts & wages , high taxes another 800-900m . which doesn't look good. Revenues target missed by 25% & YTY revenue down 7%

[blackhorse23] 22/2/2024 22:50

Shares in William Hill-owner 888 fall as expects 7.5% revenue decline, news 3 weeks ago

[popit] 22/2/2024 19:02

Black horse talking nonsense as usual

Net debt is about £1.4 billion according to the FT and it is reducing fast

100p will be the new floor for the share price here before the inevitable takeover bid at about £2.50 comes from either Playtech or Draftkings

And even without a bid there will be a gradual increase to £2.50 as the eps increases over the next 2 years

Market screener has a consensus forecast eps of 25p and this gives a share price of £2.50 assuming a market average PE of 10

[hope1815] 22/2/2024 18:13

DraftKings bought Jackpocket for $750,000 Million 55% as cash ( $412,000 Million) and 45% as DraftKings Stock the deal will take 6 months to complete. There was no need to raise capital for the deal.

Regarding DraftKings asking about 888 Holdings, the discussions focused on an all-share acquisition with DraftKings stock. This happened last June 2023 and most people know DraftKings withdrew.

If DraftKings were thinking of acquiring 888 Holdings a similar scenario would probably happen. The thinking on discussions was focused on the operation with Debt paid. At the time the debt was a concern with climbing interest rates within the USA and UK. The situation now has changed with inflation falling and a projection of Interest rates falling in the USA/UK in 2024.

The projection of online gambling to increase via mobile up to 2030 and beyond. The white paper seems to favor local bookies( Betting Shops).

On paper, DraftKings would think 888 Holdings would add to its Portfolio gaining UK/EU market share. The revenue outlook looking forward would generate £400 to £500 million per quarter. , with debt paid the margin of profit would be on an upward trend with some benefit of cost-cutting over the group.

[blackhorse23] 22/2/2024 17:27

Few weeks ago at trading update down 20% to 70p because of declining revenue & made loss. Group has debt & liabilities in total around 2.8 billion, that is the main concern. Then high operations cost. NEXT TRADING UPDATE IF NO IMPROVEMENTS THEN COULD DROP BELOW 50p

[oneillshaun] 22/2/2024 16:28

I don't think an offer from drafts kings will be happening the have just over 750m USD in the last week on acquisitions.

[baldrick1] 22/2/2024 16:12

Debt gearing ratio is always a big risk in the operation of any businesses..Like 888 and APH both have high gearing ratios.Cashing out at 96p and immediately putting some of proceeds into hvo..no debts , 37 million pounds in the bank, 62millions projected revenues for 2024, paying dividends, 90 percent revenue visibility till 2025 etc.

[hope1815] 22/2/2024 15:56

The next trading update is scheduled for 26 March 2024 where the CEO has put a strong team together to refine their strategic framework, which will be translated into a value-creation. Also, they will deliver deleveraging and strong shareholder returns in the coming 2 years.

The trading update in Q1 for 2022/23 was delivered in April Per Widerström has stamped his mark moving it to March 2024.

If you want discussion on what may be mentioned you can read my prevoius posts on the contents.

Happy Investing

[baldrick1] 22/2/2024 15:22

Wait till the next results next month to see if your right or wrong...have you any bits of inside information we could debate on ??

[popit] 22/2/2024 15:19

100p will be the new floor for the share price here before the inevitable takeover bid at about £2.50 comes from either Playtech or Draftkings

And even without a bid there will be a gradual increase to £2.50 as the eps increases over the next 2 years

Market screener has a consensus forecast eps of 25p and this gives a share price of £2.50 assuming a market average PE of 10

[blackhorse23] 22/2/2024 15:03

It went to 100p then dropped to 70p ?? How many times last year?? Answer: 6-7 times

[blackhorse23] 22/2/2024 15:02

It will drop eventually based on their financial position, pumping for dumping , dropped to 96p half an hour ago . when Sellers cash out & will crash again . No one holding for long , group is making NET LOSS. Check out yourself

[baldrick1] 22/2/2024 13:02

I'll be back when hvo takes off ;)

[the imperialist] 22/2/2024 12:59

As always, the learning is....

DO THE OPPOSITE OF WHAT BLACKHORSE SUGGEST!

[baldrick1] 22/2/2024 12:57

I was forced to sell cheaper due to an opportunity to buy Hvo while also very cheap. Gla i knew this is a winner when they turned down a 150p offer.:)