888 Share Discussion Threads

[hope1815] 14/3/2024 19:57

On the outlook for 888 Holdings, the upcoming Trade update should show if the CEO has had any influence.

I did a feasibility study (Business success may be defined primarily by return on investment, meaning that the project will generate enough profit to justify the investment).Revised update November 2023

Pre Study
On 888 Holdings on the understanding of Due Diligence, The Revenue outlook, the Synergies on the Acquisition of William Hill with 888 Holdings, The bonds issued to cover the purchase of William Hill's forward-looking costs, the Asset Portfolio of William Hill/888 Holdings (William Hill UK, 888casino, 888sport, 888poker and Mr Green. They operate the SI Sportsbook and SI Casino brands in the USA in partnership with Authentic Brands Group and others)The outstanding issues with Goverenece pre-June 2023. Also, other areas that impact the cost ratio with Rent/Wages outlook, etc.

Post Study
With the above in mind, 888 Holdings took a large part of the Bonds to purchase William Hill with Morgan Stanley and JPM. This accounted for 1.3 Billion with Various rates of 6% to 10% range these run to 2027. The payment required over this period for Bonds Holders on a Bi-Annual Basis. The Float Debt which stood at 350 Million.

The Asset Portfolio of William Hill and 888 Holdings net worth compared to the Market cap of the company in November 2023. The Asset Value across the company certainly suggests the Debt and Market cap presently do not match the Asset Value.

888 Holdings Board came up with a plan to reduce the Debt ratio by 2025 within a reasonable manner in 2022.

It is now March 2024 and I decided to widen my Previous saved post and broaden the outlook. SI Sportsbook has been put under Strategic review. This seemed a forerunner when 888 Holdings pulled out of Deleware in December 2023. This will save £6 to £7 million in the coming year but has an overhang of £50 million over 5 years.

888 Holdings continues to hire people on the Compliance in line with CEO thinking. They also have invested in AI with some partnerships mentioned. The group has launched 888 Titles around the world in different regions Asia/Africa etc.

While this is on going there was thinking within the team on how to tackle debt and free 888 Holdings from it. The following is speculative outlook and in no way indicates what may come about.

The Fund rise would be £1 per share which would raise up to £1.2 Billion open to Investors across the board. This would clear the debt to below £200 million with operating costs of the business showing core profit of £300 million plus. The dividend may be restored with some equity release, selling some of the groups net asset increasing cash flows.

I would add more but its a bit in depth so I chose a short version. If the above in any way did come about this leaves 888 Holdings with Market Cap of around £1,649 Billion with operating costs in profit and growing markets. The divdend percentage would be around 0.8% to 1.2%. If a bid did come in you would value the company around £3 Billion if the above scenario happened.

Happy Investing

[navigo] 14/3/2024 18:56

it's strange my post from this morning does not show on the "at a glance thread" posted at 11-50 - Nobody knows what GC is going to throw at us -as they let the scratch cards & Lottery continue "untouched". I see a pensioner on a bike buy a handful of scratch cards at 3 different outlets - he can do all 3 in 10 minutes for the BUZZ-- yes on average the payback return might be 98%

Navigo14 Mar '24 - 11:50 - 18809 of 18811 Edit
0 0 0
It might well start with a 7 soon - speaking now as an X-shareholder I am trying to find my microscope to see the profit i made on these shares I bought at 80.5

Don't forget to read todays article in the FT on ENTAIN

[hope1815] 14/3/2024 17:26

Frankman123 In the last 12 months there have been 2 approaches, one withdrew from discussions after the Gambling Commission's intervention, and the other was refused as being very low value. There have been murmurings about other approaches but that is classed as rumour.

When Private Equity is mentioned in News articles in November/December 2023 concerning 888 Holdings on a bid.A few analyses think the same. The Articles have been mentioned and listed on different platforms including this one.

888 Holdings purchased William Hill for roughly £2.1 Billion and the market cap of 888 Holdings at that time was above today's market cap.

The debt stands thus £1.3 Billion till 2027/28 with JP Morgan and Co. The free float debt has been eroded from £350 million. The exact number you will find out on the 26 March 2024.

The revenue was mentioned in January 2024 at around £1.7 Billion(2023). The revenue is above the debt now which it was not 14 months before. Each month goes by debt comes down, interest rate cuts now look probable across the USA and UK. The debt can be leveraged now on better terms in the coming 6 months reducing interest payments further.

888 Holdings as mentioned has been cutting out partnerships which are running at a loss. Investment in AI, with the aforementioned companies in the news. The core of the business is profitable with no debt which again has been mentioned.

I can say the 888 Holdings board is hoping there will not be a share buyout in the near future. On this, I cannot give a period but 26 March 2024 may see some movement from then.

Happy Investing

[frankman123] 14/3/2024 13:36

No quick fix here. Very unlikely there be a takeover anytime soon. Maybe in few years. It's going to be a long slow way back with many ups and downs. In 3 years time it could be around £3 a share. But don't get hopes up for quick sale.

[baldrick1] 14/3/2024 08:07

We are back to the dodgy bookies 80p holdings..Will it go up or down from here??..wait and see on the 26th,

[frankman123] 13/3/2024 19:45

Tbf there are many good signs coming from the company. 888africa seems to be on the up. Wh sports app top 1 or 2 app downloads regularly above 365 and paddy etc. 888casino also the 1 or 2 casino app with wh Vegas not far behind. The company has done some marketing deals with popular social media characters a strategy that worked very well for skybet. Around london the shops seem very busy, and I've noticed alot of updates regarding betting stations etc. I think it's on the up. Get the debt under control and hopefully no crazy regulations and this should easily at least treble from where it is. Only thing I'm still wondering what on earth going on with this review

[oneillshaun] 13/3/2024 19:06

It's a great opportunity both side

[hope1815] 13/3/2024 18:28

BlackRock Advisors, LLC decrease position 0.01%

Total 2.07%

If the other short positions are reduced before 26 March 2024. It may indicate some positive news but that is speculative on my part.

Happy Investing

[bedford1976] 13/3/2024 18:09

I still have a suspicion Playtech are going to come back with a better offer possibly an all share offer.
They concluding an issue with a mexican partner and then it's on with M&A as they have the balance sheet strength to take on 888 for maximum value extraction.
A deal in playtech shares gives an immediate uplift and a stake in the forthcoming growth of the combined business. I think they had already identified £150m of synergies.
I do not think we have long to wait for 888 to conclude a deal they can recommend to shareholders.

[the white house] 13/3/2024 16:04

1/5 fav in all accas just smashed fence & out. Bookies saved from chilli con carnage

[trying2trade] 13/3/2024 14:57

Cheltenham very much going the way of the punters.

[navigo] 13/3/2024 09:58

Yes

i went in the local newsagent yesterday so looked at the small tabloids and all but one offered a free £2 William Hill bet on Cheltenham . Corals had nicked prime position on the other offering the same free £2 bet - which is more than these small papers cost.

In the area of local news, five conglomerates (Gannett, JPIMedia, Trinity Mirror, Tindle and Archant) account for 80% of all titles (it was six companies back in 2015) while 57 smaller publishers have less than 20% of the remaining titles.


I noticed that the local weekly Newspaper also had the £2 free bet for Cheltenham.
So we can now see the great lengths they are going to flood the local newspapers with free £2 Cheltenham free bet vouchers - When the Grand National comes along we will have "Biblical flooding" of these "helicopter style" free £2 bets ?

Just to remind you all 888 are giving everyone a free £5 bet every day at Cheltenham yes you will get substandard odds but at least it is still free - to think 40+ years ago punters had to pay was it 10% tax on their ocassional win. It just shows what mug punters there were and still are out there. as opposed to "current" mug shareholders.

[oneillshaun] 13/3/2024 09:20

I am hearing that 888/William Hill has been ending a lot of UK affiliate partnerships very abrutly and breaking their own T&C.They have ended deals giving no notice to partners and not paying any future revenue share agreements, this will save huge amounts during Cheltenham and future months but destroys the reputation and trust.This is also exactly what Skybet did just before it sold the company as it cancels out any future liabilty.Let's see what is going to happen in the coming weeks.

[hope1815] 12/3/2024 18:25

Glg Partners Lp short decreased by 0.11%

Total 2.57%

888 Holdings Updates as they come in

Unleashing Innovation at 888 Holdings 12 March 2024



Employee Well-being 12 March 2024

hxxps://europeangaming.eu/portal/latest-news/2024/03/12/154631/wellness-cloud-appointed-by-888-william-hill-to-provide-comprehensive-wellbeing-support/

Well, the Articles are not note-worthy, but it does show that 888 Holdings is still open to business in setting standards.

[baldrick1] 12/3/2024 10:44

The result on the 26th will tell if it's going to crash down or fly up..

[hope1815] 11/3/2024 20:19

Spinomenal grows presence in Italy with 888


hxxps://casinobeats.com/2024/03/11/spinomenal-grows-presence-italy-888/

[hope1815] 10/3/2024 09:56

888 Holdings has employed a CEO who has a strong Compliance and Governance outlook. The CEO seems to be on the road with partnering recently with A. I provider. The board has been active since the CEO's appointment and taking decisions on the group's outlook. On 26 March 2026, the CEO plan will be unveiled to Investors.


Happy Investing

[bedford1976] 08/3/2024 16:11

A global betting business with world class brands now value at just £300m. I really don't see how there could be any downside here just sit tight a bid is coming sooner rather than later.

[kelso29] 08/3/2024 13:41

Hope1815
Thankyou

[navigo] 08/3/2024 12:49

i always check out the "sp" on all posters on ALL siteS

if anyone wants to check out Cancara's (sorry black horses) posts for a bit of fantasy here is the link



hzzps://uk.advfn.com/forum/search?q=blackhorse23&index=posts&post_poster=on

from what i can see that "RNS" or whateveR only increased the pathetic volume from, 100,000 to 150,000

IT SEEMS IT'S FRIDAY again today never a good time to be "short" in my world.

[hope1815] 08/3/2024 12:36

A sell-side analyst works for an investment bank or a brokerage firm and evaluates companies for future earnings growth and other investment criteria. These calls provide an opportunity for the analyst to pitch their investment thesis and get feedback from potential investors.

The CEO plan was put forward but a bit more in-depth. The hard sell with factual information, not the usual "How it may look in a year". The core of the business is profitable it's just reducing or eliminating the debt.

Happy Investing

[kelso29] 08/3/2024 11:33

Today's RNS
Presentation for "sell side analyst". Anyone know how this would be different for a "buy side analyst"?

[blackhorse23] 08/3/2024 11:08

Results day will crash with news of loss of revenues, loss & debt high

[oneillshaun] 07/3/2024 16:24

https://www.gamblingnews.com/news/888-initiates-us-b2c-strategic-review-with-sale-or-exit-as-outcome/

[navigo] 07/3/2024 10:36

ENT ARE DOWN ABOUT 7% ON RESULTS

update now 750.80 -79.60 (-9.59%)

AND I SAW A LITTLE GEM ON THE ft THIS MORNING

HERE IS THE bbc VERSION

hxxps://www.msn.com/en-us/money/markets/online-gambling-firm-bet365-probed-in-australia/ar-BB1jsLvF

OF COURSE "LAZARUS888" is now vegetarian meaning meat (kebab) free