888 Share Discussion Threads

[stephen1946] 10/7/2015 18:40

why the doubt? if 888 miss out on bpty, they are finished in USA.

[mozartprodigy] 10/7/2015 17:26

Stephen you have changed your tune all of a sudden? 888 massive sell? Loyalty brand? Tell that to the 15000 average players that were on full tilt. That cesspit of a brand is struggling from the stats and is a dot in comparison to what it once was.

[whiskeyinthejar] 10/7/2015 12:52

Neither proposal is purely cash so the 1.10 bid may be more attractive to you than a 1.20 bid.

As article states: "For some analysts the potential synergies which would accrue from a combination with GVC could be considerable larger."

Imo the whole logic for bpty Bod of being taken over is to extract more value from the business, not to get a pay day for shareholders who want out.

Anyway there's no announcement that 888 are out so I think things could still change, even though it seems unlikely.

[stephen1946] 10/7/2015 12:01

To be frank I don't think that's got any bearing on this, or put it this way; gvc offer £1.10 888 offer £1.20. which will be successful?

[hubshank] 10/7/2015 11:50

An article has been posted on one of the pages outlining a partnership deal already done between BPTY and Amaya sometime ago when setting up the Borgata partnership.

Would be surprised if 888 came in now, but you never know.

[stephen1946] 10/7/2015 08:25

The 888 USA facing business will suffer dreadfully when Amaya re-launches what was an enormously successful site, Party poker. Loyalty to a brand is a poker trait and players will come flooding back to the old favourite at 888 expense. All this in a squeezed market.

It will be an astonishing decision if 888 have indeed dropped out.

[frankiethecabbie] 10/7/2015 08:19

Remember WH valued 888 @ £2-03 only a few months ago

[mylands] 10/7/2015 08:12

Don't take any notice of the press, that's my advice, but simply watch what the markets are saying.

It's exactly like the betting on the election. When the media were saying it was too close to call all the money was on a Conservative win. The punters never for a moment considered a Labour victory. The same goes here, with the money saying 888 are out of the running.

[stephen1946] 10/7/2015 07:50

All the press consider the deal is done and 888 is out of the running.

Should that be the case, 888 is a massive sell, £1.40 is top valuation from here.

[frankiethecabbie] 09/7/2015 22:48

https://www.pokereagles.com/news/7994/888-leaving-portugal.php

[loganair] 09/7/2015 19:20

The offers tabled by GVC Holdings and 888 for rival Bwin.party digital entertainment are broadly similar in terms of the implied valuation - about £900m - and the split between cash and shares. So what Bwin's board must now do is value each suitors' paper and weigh the risks involved in each against the other. For some analysts the potential synergies which would accrue from a combination with GVC could be considerable larger.

However, investors in Bwin may be less keen to own part of a company that derives a bigger part of its sales from unregulated jurisdictions. The reverse takeover proposed by GVC would also be more complex. GVC would also need to raise cash to help finance the deal. "GVC appears to have edged ahead, but, whichever wins, Bwin investors tired of the constant disappointments should grab what's on offer with both hands, hold" writes The Times's Tempus.

[stephen1946] 08/7/2015 19:02

gotno, you are right but my point would be, if 888 lose out on bpty, independence becomes a problem as 888 would lose ground to Amaya and the £2.40 turned down when WMH came courting would be a dream. The next offer would be £1.70- £1.90.

[gotnorolex] 08/7/2015 16:57

Shay and Ron Ben-Yitzhak, along with Avi and Aaron Shaked own 61% of 888, so no chance of vulnerability to a hostile takeover!

[hubshank] 08/7/2015 15:18

well that would make me very happy TeB, and a regular / prolific poster on the 888 thread! :-)

With the article I read about their successful approach using live televised tournaments as a feed, they will get that back in next to no time with the WPT exclusive sponsorship deal.

Ours are crossed, and I wish they would pull theirs out!

[trentendboy] 08/7/2015 15:04

If GVC win the BPTY bid then 888 are very vulnerable to a bid from elsewhere.

I suspect they really will need to pay 240 to get it (this is where Hills fell down)

[hubshank] 08/7/2015 12:59

Without any cost savings taken into account (the loss of the BPTY BOD will save millions) the combined EPS would be in excess of 13p. Take out the cost savings and the growth opportunities and 888 will be laughing long term.


Interesting times.

[hubshank] 08/7/2015 12:47

I posted this on the BPTY thread yesterday, but may give some insight as to what 888 may pay for BPTY.......


888 upgraded by Canaccord (based on BPTY M&A)

3 July 2015 | 14:27pm



StockMarketWire.com - Canaccord Genuity has upgraded its investment rating on 888 Holdings (LON:888) to buy from hold after the online gaming entertainment and solutions company recently rejected a bid approach from William Hill and made an offer to buy bwin.party.

The broker added: "We believe a successful bwin.party transaction would be materially value enhancing. We see scope for disappointment if 888 loses out, but this is now reflected in the price, and 888 would be viewed as an obvious follow-on consolidation target."

Analysts have bumped their target price to 176 pence a share from 166 pence.

The shares have fallen 11 per cent in the past month.
- See more at: hxxp://www.stockmarketwire.com/article/5070234/888-upgraded-by-Canaccord.html#sthash.THG4ORgY.dpuf

[red imp] 08/7/2015 12:47

£1.60? I hope not when GVC/Amaya are only offering £1.10 cash/shares.

[stephen1946] 08/7/2015 12:38

888 will bid for bpty, how much? £1.60p in a mix of, all paper at £1.60. or £1.50 in a mix of cash/paper.

[hubshank] 08/7/2015 12:26

TeB do you mean £2.40 bid being placed on 888 or

888 might bid £2.40 for BPTY?

I got the impression 888 did not want to sell out.

[hubshank] 08/7/2015 12:16

Hi boys!!!! :-)


So what is the consensus on what 888 might bid for BPTY?

[trentendboy] 08/7/2015 12:00

If the GVC bid goes through 888 will no doubt rise as it is the best asset still out there.

£2.40 bid could come easily enough for 888

[trentendboy] 08/7/2015 12:00

If the GVC bid goes through 888 will no doubt rise as it is the best asset still out there.

£2.40 bid could come easily enough for 888