888 Share Discussion Threads

[hope1815] 05/4/2024 15:14

Wonder what the point is from the poster Bet365 private company family worth 7 Billion and second highest tax payer in the UK.It pay half million in fine , its her company basically since 2000

[blackhorse23] 05/4/2024 12:52

https://www.telegraph.co.uk/business/2024/04/04/bet365-gambling-company-faces-financial-investigation/

[navigo] 04/4/2024 23:23

i wasn't thinking much about the one way trading today until i saw the volume today was the highest for a month - the second highest volume was last Wednesday - which makes you suspicous of something happen but "what" I have no idea.

Just saw the good call from Baldrick here are the recent volumes

Thursday, April 04, 2024 83.00 88.00 82.50 83.50 5,919,539
Wednesday, April 03, 2024 83.00 87.00 82.10 86.60 1,100,763
Tuesday, April 02, 2024 87.95 94.00 82.75 84.60 1,758,206
Thursday, March 28, 2024 89.00 92.55 86.55 88.50 1,426,270
Wednesday, March 27, 2024 88.60 92.10 85.05 88.50 5,742,633
Tuesday, March 26, 2024 85.00 94.05 81.40 89.00 4,820,133
Monday, March 25, 2024 86.80 88.00 83.80 83.80 1,620,702
Friday, March 22, 2024 86.50 93.25 86.28 87.20 2,051,046
Thursday, March 21, 2024 87.35 87.65 82.05 86.40 622,771
Wednesday, March 20, 2024 88.15 88.95 83.50 84.30 2,317,741
Tuesday, March 19, 2024 81.05 87.71 81.05 85.30 873,252
Monday, March 18, 2024 82.40 85.10 80.05 85.10 710,263
Friday, March 15, 2024 84.25 85.20 80.00 81.90 1,267,096
Thursday, March 14, 2024 80.00 85.00 80.00 80.75 495,083
Wednesday, March 13, 2024 83.65 84.90 80.55 82.10 633,824
Tuesday, March 12, 2024 80.00 85.40 80.00 80.65 1,748,000
Monday, March 11, 2024 87.55 88.35 81.65 83.85 1,104,793
Friday, March 08, 2024 87.90 88.00 81.20 85.65 820,082
Thursday, March 07, 2024 83.55 88.95 81.80 84.70 936,451
Wednesday, March 06, 2024 80.05 86.90 80.00 83.35 871,162
Tuesday, March 05, 2024 81.00 84.00 80.10 82.90 1,027,682

[blackhorse23] 04/4/2024 18:47

https://www.thetimes.co.uk/article/bet365-chief-denise-coates-fined-3k0htdvnn

[blackhorse23] 04/4/2024 18:00

https://www.telegraph.co.uk/business/2024/04/04/bet-365-betting-empire-fined-gambling-commission/

[jaf1948] 04/4/2024 15:30

You thunk wrong.

[baldrick1] 04/4/2024 10:56

Down to 83p eod..me think.

[hope1815] 03/4/2024 16:05

Interesting RNS on Targets when they were covered before. The last line in the First Paragraph was interesting " Net Value Creation use a multiple of 6.9 and are £859m for threshold payout and £1,167m for maximum payout". This roughly £1.90 to £2.60 per share.

Just interesting RNS I think.

Happy Investing

[baldrick1] 02/4/2024 15:05

What price you're getting back in ?

[navigo] 02/4/2024 14:10

Just to point out yet again how noticeable that the usual posters ( both on here and across the road) are absent when the share "bombs" and Baldrick comes up with his usual 70 p one liner ( we're doomed doomed)

[baldrick1] 02/4/2024 09:43

We'll see 70p again this quarter unless good news comes out of nowhere.

[hope1815] 29/3/2024 06:24

Listening again to Per Widerstrom - CEO Sean Wilkins - CFO Vaughan Lewis - CSO on the presentation on the Presentation 27 March 2024 on Investor Meet Company.

1-It was interesting to see their position on the debt in the coming year. Sean Wilkins commented on the net float which can be leveraged when interest rates come down in 2024. There is a hidden savings in this over the next 12 months. Sean Wilkins mentioned interest payments are around 50% of the Core Profitability.

2- Core market refocus and using partnerships to increase Revenue in their Core Markets within Europe. This point was very interesting with the ongoing relocation of resources within 888 Holdings Group with USA withdrawal.

3- The ongoing operations with 888 Africa were not mentioned other than the slide on Growth and Revenue generation of 888 Holdings. This I assume would be expanding operations with other partners.

4-They were asked about equity release on reducing the debt and Sean Wilkins said "It is not in the present plan". I would think they have other avenues of thought on that aspect of thinking.

5- The name change seemed lackluster and no real push on that. They would normally have a presentation on the name change the research, the market reaction, etc. That was missing and it is up to the shareholders to decide on the Corporate Identity.

Overall, the presentation is clear, concise, and to the point. Some questions at the end seemed to confuse Sean Wilkins on the operational aspect of the company. The William Hill question seemed to confuse Sean Wilkins a bit.

I still think 888 Holdings holds great potential for revenue and growth within the markets it operates in and looking to expand. They showed that the group as a whole is fundamentally very profitable.

I would think people looking at 888 Holdings would think. The group's Core Profitability is high and has a presence within core markets. It has Strong Brand names within the markets it operates. It is clear on the Gambling Commission Review now. Private Equity will look at the company and its overall Profitability, where it operates, and all its Brands.

The question of whether 888 Holdings will be bought out only time will tell.

Happy Investing

[jaf1948] 28/3/2024 10:00

Fair enough but you should have made it clear.

[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.