888 Share Discussion Threads

[baldrick1] 28/3/2024 09:53

Yes I agree ..I'm just pointing out the short-term losses before long-term term benefits.

[jaf1948] 28/3/2024 08:42

baldrick1,

Do you deliberately post misleading information ?

Yes, there are 40 million disposal costs but it clearly states that is a one-off. The 25 million is annual, which is also clearly stated.

[baldrick1] 28/3/2024 08:30

To earn 25 million but 40 million disposal costs.

[baldrick1] 28/3/2024 08:02

A down day I guess.

[rimau1] 28/3/2024 07:31

Good move for Playtech as part owner of Hard Rock digital, possibly means a full acquisition of 888 is no longer on the cards. Just a guess.

[denholm elliott] 28/3/2024 07:29

Has the fire-sale started early? Not great for holders in my view, but we’ve seen this across many of the debt-heavy stocks in recent times.

[hope1815] 28/3/2024 07:26

Well CEO not standing around- RNS


888 (LSE: 888), one of the world's leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces the conclusion of its strategic review of US B2C operations. As a result of the review the Group has agreed the sale of selected assets to Hard Rock Digital ("HRD"), completion of which is conditional upon, amongst other items, relevant regulatory approvals. It is expected that the disposal will be completed in a number of phases, with final completion expected in Q4 2024.

The Group has commenced a controlled exit of its remaining US B2C operations, with the intention of fully ceasing operations by the end of 2024, subject to regulatory approvals and process. The exit of US B2C operations is expected to realise a recurring annualised benefit to Adjusted EBITDA of approximately £25 million from 2025 onwards. The Group intends to reinvest approximately £10 million of these savings into growth and value creation initiatives.

The combined net impact of the sale and exit of US B2C were already incorporated into the financial targets that the Group announced on 26 March 2024. The Group currently expects to incur net one-off cash costs of approximately £40 million in relation to the exit of the US, inclusive of the brand licence termination fee already announced, with such payments occurring from 2024 until 2029.

[hope1815] 27/3/2024 18:05

Brokers seem to be re-rating with an upgrade in Target share price. The VCP to which CEO mentioned with overall results show 888 Holdings Plc(Evoke) seem to be progressing nicely.

With this all in mind and the presentation and questions answered.

My question is How long left before a reasonable bid comes to light which the Board considers? I would say 2 months and May 2024 is the time limit

[kelso29] 27/3/2024 13:28

Trade just went through at 1305 for 1m at 91p. I'm guessing its a buy.
Just need some more broker upgrades

[kelso29] 27/3/2024 12:14

Looks like 92p is a barrier/lots of sellers.
On reflection, I think yesterday's results were hampered by the new CEO "kitchen sinking" all possible bad news so that future results look good.

[baldrick1] 27/3/2024 11:14

I think shorts will increase again until next news.

[kelso29] 27/3/2024 11:11

JP Morgan raises 888 target price to 120(97) pence - Equal weight.

[the imperialist] 27/3/2024 08:03

..Wrong thread!

[baldrick1] 27/3/2024 07:48

Would it continue to go up today after my daytrade yesterday ??

[bedford1976] 26/3/2024 12:30

Shorters in serious trouble here this one's going to keep rising to £1.50.

[the white house] 26/3/2024 11:43

Trading halted on the up

[baldrick1] 26/3/2024 11:13

Enjoying the rise until next..I'm very happy:)

[blackhorse23] 26/3/2024 10:22

Don't agree, looks like pumping for dumping. Group made significant LOSS & DEBT in balance sheet. This price rise will not last long. No volume either

[bedford1976] 26/3/2024 10:04

Looks like the share price will motor from here- strong brands - strong business model.

[oneillshaun] 26/3/2024 09:43

Solid investor presentation.

[denholm elliott] 26/3/2024 08:06

Double bottom at 50p?

[bargainsniper] 26/3/2024 07:49

Management has done a good job reflected in the numbers

[kelso29] 26/3/2024 07:35

Results look OK, first 6 months of the year were a lot better, went backwards in the second 6 months. Post year end better though.
Not sure what the market will make of them. Jam tomorrow, but I think that was the case last year as well lol