888 Share Discussion Threads

[hope1815] 27/2/2024 20:07

Ok, Imperlist you left changed heart people do, listing other companies that your affair.

Looking forward to 888 Holdings partnerships which it mostly owns. Below is just one of 888 Holdings -

888 Emerging Limited Isle of Man Job MLRO

hxxps://www.locate.im/working/job-search/543253/money-laundering-reporting-officer

It seems Governance is important to the group and follows the CEO's thinking.

Also looking forward to Alex Smith's Third Bridge outlook-

The larger operators have adopted a more cautious approach as there are huge uncertainties on the long-awaited white paper. This paper could bring about significant changes in how online gambling is regulated, especially concerning consumer protection and marketing. Our experts predict that it will take 2-3 years for these regulations to be fully put into practice.

“In late 2024, 888 Holdings might see an improvement in their market share, as smaller regulators may leave the market. These smaller operators don't have the time or expertise to focus on compliance. Additionally, the potential increase in Gambling Commission fees will financially impact them even more.

"888 Holdings can benefit from the retail locations of William Hill. Our experts anticipate a significant increase in retail activity and a shift away from digital platforms. This is due to the introduction of measures that will be somewhat too restrictive for online customers.

"Our experts anticipate a decrease in 888's marketing expenses as a percentage of sales, dropping from 23% last year to approximately 16-17% in 2025. This reduction is attributed to a decrease in the use of brand ambassadors and affiliates, in part due to the influence of new regulations”

There is another outlook on the Mobile for 888 towards the end of 2024 with an increase in market share with an update on Governance and compliance on A. I data.

If you do the research and dig up come up with a general idea of how 888 Holdings is going to develop. Remember the group is just not UK based.

I have researched the group and read reports on how White will impact the Gambling Industry. The bigger companies will have an advantage in costs and data implementation. I am holding medium to long term.

Short Term for speculative Investor a Buy
Long Term Inventor Hold

Happy Investing

[the imperialist] 27/2/2024 19:45

That Gambling Act sounds worrying for investors here. Not deramping lads, but I’d consider cashing in ASAP. Lots of opportunity out there.

BT VOD THG MARS ITV and other big names trading at or near all time loads.

Just my view.

[hope1815] 27/2/2024 17:33

Baldrick 1 is correct in assuming 888 Holdings will have to increase Revenue to offset the debt over a longer term. The Revenue presently is above the Debt £1.3 JP Morgan co hold 2027/28 Maturity. The floating debt is been eroded with present cash flows which should show further inroads of £350 million (£180 million left).

I have mentioned some information on the plan the CEO is putting forward on 26/3/24. This will increase Revenue in 2024/25. The white paper in some areas benefits William Hill Group within the UK.

On the short position I have covered that by listing who/when they hold and the price held on their position.

Overall 888 Holdings has had a rough 18 months, with ups and downs in the share price. The group as a whole has a good brand worldwide on the mobile market. Mr Green in the Nordic region has good exposure. William Hill in the UK has a street presence and a good Portfolio. The USA 888 Holdings has increasing Market exposure. Asia and Africa are becoming more open and projections show the market will increase. Many Analyses suggest 888 Holdings will be bought sooner rather than later.

Happy Investing

[baldrick1] 27/2/2024 14:57

It will require raising annual revenues above current debt level which is asking too much in the short term..A TO is a quick solution to realise value for shareholders.Meanwhile I'm patiently waiting for a lower re-entry price.AImho.

[bedford1976] 27/2/2024 12:38

I guess the caveat with earning per share of 25 pence or thereabouts is that most of these earning are going to be used to pay down debts.
I'm resigned to the fact that as a shareholder a dividend is not going to be forthcoming for sometime until de-leveraging is sufficient.
I guess what I'm thinking is maybe that's why brokers set a realistic target around £1.50 as the business is pretty much in a cash trap whilst it strengthens the balance sheet.

[popit] 27/2/2024 06:00

Some people give far too much importance to shorts

So some people are short 2% of the Market Cap

So what? That means 98% of the Market Cap is long

Shorts have no special knowledge and they largely play on the fear of other investors

When Playtech has already had a bid of £1.56 rejected by 888 for being far too low, and when Draftkings has also discussed a takeover of 888 at probably a far higher share for share price, it is fairly obvious that 888 will not remain independent for very much longer.

The forecast eps is also 25p and so even if a bid did not happen for 888 the shares are still extremely undervalued

[datos] 26/2/2024 19:49

If you have 3 hours to spare the following is worth listening to.

E-petition debate relating to financial risk checks for gambling. Westminster 4.30pm - 7.30pm full debate on YouTube

[baldrick1] 26/2/2024 14:37

Retail investors shorts..so not significant but in line with current market condition..not favourable for companies with high debt gearing at the moment.

[jaf1948] 26/2/2024 13:50

baldrick1,

What short calls ? What is your source ?

[baldrick1] 26/2/2024 12:43

If the short calls of 75-80p is to believe, then patience is required .

[baldrick1] 26/2/2024 10:51

Good price to be in, but shorts indicate it's going below 90p.

[the white house] 26/2/2024 09:00

Good postAnother strong weekend for the books with Man U losing at home & the League Cup Final an absolute skinner for all bookies (apart from Bet365 with money back (0-0))France @ 1/100 failing to win rugger usefulLike the last bank to leave a town the last fund short here could be in a right bind

[hope1815] 23/2/2024 21:31

Slight decrease in short- 22/2/24

Glg Partners Lp 0.68% -0.02%

Total 2.68%

[popit] 23/2/2024 19:41

When Playtech has already had a bid of £1.56 rejected by 888 for being far too low, and when Draftkings has also discussed a takeover of 888 at probably a far higher share for share price, it is fairly obvious that 888 will not remain independent for very much longer.

The only questions remaining really are will there be a bidding war involving multiple other players? and how much over £2 or £3 will Playtech or Draftkings have to bid?

The gambling industry continues to consolidate every month and there are not too many prime targets such as 888 and William Hill left to buy.

Kindred was the most recent takeover bid at a takeover price of 2x Revenue.

If 888 was to be taken over at a similar price then Playtech or Draftkings would have to pay about £8 per share.

[baldrick1] 23/2/2024 15:57

I bailed out with a reasonable gain @96p from 79p ;)

[the white house] 23/2/2024 14:56

landmark moment they sayIt is notSimply illustrates the GA and gov reps do not understand gambling limiting to 2 pounds per spin sounds reasonable in matching shop levels. However, if you go into a shop you can see that 13 spins per minute can be performed. So 26 pounds per minute or 1560 per hour is the limit. Hardly a restriction. And they have spent months on this...

[blackhorse23] 23/2/2024 14:36

You have saved money to sell other day . I knew this is coming. Go up then dump again because of financial crisis in here lol

[hope1815] 23/2/2024 14:22

Discussion on how people change their habits and view their Investments. Just to pull some quotes from some people in the community-

“What are the secret of success? one word answer :"rational”

“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.”

“Mimicking the herd invites regression to the mean (merely average performance).”

"Never lose money. Stay rational and stick to your homework when researching businesses in which to invest."

“Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time:"

This my favourite "The stock market is designed to transfer money from the active to the patient."

Happy Investing

[the imperialist] 23/2/2024 13:14

It could happen. STX had a bid of 7p last year, now below 3p. RBG 120p bid in 2017, now 3p.

No guarantees. In fact, it's more likely that they'll take it down first and accumulate.

[navigo] 23/2/2024 13:14

"Popit the Pumper" rolls off the tongue quite nicely

we are getting surprisingly close to the 90.5 I bailed out at a couple of weeks ago

[popit] 23/2/2024 13:12

Playtech already bid over £1.50

It was rejected as far too low

They will eventually have to return with a more acceptable bid of over £2.50

Draftkings may then begin a bidding war

[the imperialist] 23/2/2024 13:11

Looks like we might have got out at the right time here.

[baldrick1] 23/2/2024 12:41

It's the debt gearing against revenue that is the major risk.A takeover will be very beneficial for stakeholders.

[jaf1948] 23/2/2024 12:36

Analysts ratings for 888 Holdings from the FT website today:

Buy.............3
Outperform......2
Hold............3
Underperform....0
Sell............0

Now are they or Blackhorse23 more likely to be correct ?