Share Name Share Symbol Market Type Share ISIN Share Description
888 Holdings Plc LSE:888 London Ordinary Share GI000A0F6407 ORD 0.5P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -8.10 -4.84% 159.40 1,185,910 15:26:44
Bid Price Offer Price High Price Low Price Open Price
159.10 159.40 170.00 154.60 164.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 724.76 60.12 13.75 10.2 711
Last Trade Time Trade Type Trade Size Trade Price Currency
15:26:44 AT 596 159.40 GBX

888 (888) Latest News (3)

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888 Investors    888 Takeover Rumours

888 (888) Discussions and Chat

888 Forums and Chat

Date Time Title Posts
07/7/202212:08888 Holdings PLC 2010/2011: Discussion and Analysis13,607
29/9/201808:43888 Holdings Plc LSE:888164
25/10/201209:42Zynga the new 888, B2C partner45
22/7/201217:02this is my thread. all who disagree with me will perish.4
21/7/201213:21888 grizzly thread145

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888 (888) Top Chat Posts

888 Daily Update: 888 Holdings Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker 888. The last closing price for 888 was 167.50p.
888 Holdings Plc has a 4 week average price of 154.60p and a 12 week average price of 154.60p.
The 1 year high share price is 494p while the 1 year low share price is currently 154.60p.
There are currently 446,331,656 shares in issue and the average daily traded volume is 5,420,071 shares. The market capitalisation of 888 Holdings Plc is £711,452,659.66.
pj84: hTTps:// Questor has Carnival first and then further down 888 Holdings "...... More broadly, the sector is hamstrung by delays in the white paper reviewing the 2005 Gambling Act. Betting pressure groups have grown agitated at rumours that the government will dilute reform proposals, possibly including an industry levy to fund research into problem gamblers. Similar moves in the Netherlands have forced 888 to suspend activities there. Against this background, last week’s trading update was received cautiously. For the year to the end of February, the existing 888 had £690 million of revenue, overshadowed by another £1.3 billion from William Hill. Combined revenue for the pair is expected to be £950 million to £965 million for the six months to the end of June. They will be formally united this Friday. That, 888 argues, will transform the group into “a global online betting and gaming leader”. It also will give shareholders a heavily geared play that promises to maximise the upside. The £1 billion debt will cost up to 8 per cent interest a year, but will give shareholders the profits beyond that. Roberta Caccia, at Investec, predicts that will take earnings per share from last year’s 27.1p to 65p in 2024. The ratio of price to earnings correspondingly will shrink from 20.1 to 5. ADVICE Buy WHY The stock market is overdoing the gloom"
dandigirl: Thank you. I wasn't suggesting that shares are issued at 180p?!?!? Merely indicating that the boat has been missed [although a discounted RI wouldn't surprise me!?!?!?]. Sincerely hope your guess!?!?!?! is wrong and benefits start to come through way before H2 2024. No, I don't need yield but at present shareholders are receiving neither yield nor capital growth!!!!! The opposite in fact. Don't think many share your optimism based on the 8% fall in the share price yesterday following the announcements of earlier in the day. Jury is still out regarding the WH purchase; the market remains to be convinced, as do I!!!!! 😀
adamb1978: Dandigirl You really want them to issue shares at 180p?!?!? Thats the last thing which they should be doing!! Based on market forecasts, they'll generate around £200m FCF next year. That will go to reducing leverage. My guess is that you won't see a dividend til H2 FY24, however with that deleveraging, the company will re-rate back to 15-20x. Given the 35p market forecast for FY24, that gives you a 3x-4x return from the current share price. Thats good enough for me. In the meantime, if you need yield, you can always just sell 3%-4% pa. to create your own yield Adam
dandigirl: 9 Sept 2021 - Acquisition announced. 20 Sept 2021 - share price 458.00 23 June 2022 - share price 160.70 888 needs an equity injection but the share price keeps falling. Remember, the last divi was withheld in order to help finance the deal as they were too slow to come to the market. Today's announcements were hardly encouraging. share price fell again today by over 8.00%. I repeat. Benefits of this acquisition, if any, are years away. Interims due late August/early Sept. Let us hope we benefit from a decent size divi this time. In the absence of a share issue, I fear not. Let us see.
adamb1978: How do you get to that conclusion dandigirl? The financing announcement this morning will help provide certainly over the cost of debt, once those facilities have been finalised, and then its a question of paying down the debt. I can see the share price remaining under pressure until the debt load has been reduced, but from what I saw at the time of the acquisition, the returns which 888 should be able to generate from the acquisition looked decent PE at the moment is 8x-9x....which suggests limited downside to me
londonmarket: 888 could really do with clarification on WH acquisition. There is some confusion as to whether WH Intl. deal brings over the digital assets, I'm sure it does. If that is the case then 888 should be shouting from the rooftops. William Hills technology is far beyond what 888 have achieved, even from a simple user experience point of view. I've tried the 888 app, I've tried the WH app... I much prefer the WH app & website. They do need to announce what they're going to do with the stores.. although I can understand them not wanting to announce they're going to shut them all down before the deal is done (although I guess they've said they're going to keep them running?).
dandigirl: The WH purchase isn’t liked much. This is a big move away from what was really an IT online business. 888 need to get on with it and demonstrate that it is beneficial to shareholders. Till then the jury is out and the share price will languish.
adamb1978: Base7 I think thats the main thing holding the share price back, and in a huge way. PE for FY22 only just over 9x now. Wouldnt be any where close to that, absent the fundraising. I wonder whether they'll try to increase debt levels slightly and reduce the fundraising target given how much the share price has come off. The group throws off cash so can support debt. Then raise the remainder once markets have recovered. Adam
coxsmn: 888 intend borrowing 2.1bn to fund the wmh acquisition. Then do a 500m capital raise at an 'appropriate time' to create a better long term capital structure. So wouldn't expect a dilution until share price is in a better place imho In order to fund the Acquisition, 888 has obtained fully committed debt financing from J.P. Morgan, Morgan Stanley and Mediobanca of approximately GBP2.1 billion, which includes approximately GBP1.6 billion (equivalent) of term loans and approximately GBP500m (equivalent) of bridge loans/senior secured notes. 888 has also obtained a fully committed revolving credit facility of GBP150m. -- To create a more beneficial long-term capital structure, 888 expects to raise approximately GBP500 million of gross proceeds by issuing new equity via a capital raise ("Capital Raise") to be undertaken at an appropriate time, such that pro forma net leverage ratio is under 4x.
winston81: Some great comments here. Feel like the share price isn't quite reflecting the positive activity taking place especially with Sports Illustrated onboar, see below article. Everyone has own opinion but unless something fundamentally wrong that we're not seeing, feels like a matter of time for either for a bid or to see the share price improve. May just require some patience here, in my opinion anyway. Good luck.
888 share price data is direct from the London Stock Exchange
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