888 Share Discussion Threads

[fitton] 02/3/2016 09:57

Sometimes its seems that the MD's of these PLC's are not quite as on the ball as you would think they are.This is of course a personal view looking from the outside in.I have looked at the turnover,profit,debt etc of William Hill.Turnover as of 31/12/15 £1.59 billion, profit 184m, debt 800m plus. Market cap £3.6 billion currently.Market cap of Paddy Power-Betfair currently over £10 billion.Then we have 888.com. Turnover upto 31/12/14 £454m, Profit £67m, sorry can't remember debt,but not that much, Market Cap £640m. Results due soon maybe Turnover £500m Profit £75m. 888.com are one of the most advanced online gaming companies in the world, a very high quality company.What on earth is the MD of William Hill waiting fore, £3 a share maybe a bit rich but £2.50-£2.75 on a forward looking basis surely is money very well spent. The more I compare the valuations the more I see 888.com as a prime takeover target, defiantly sooner rather than later.William Hill, pay the money and give your shareholders the boost they need.

[jamesjoel] 02/3/2016 08:49

TIDM888

RNS Number : 7560Q

888 Holdings plc

02 March 2016

2 March 2016

888 Holdings Public Limited Company

('888', the 'Company')

Appointment of Chief Executive Officer

888, one of the world's most popular online gaming entertainment and solutions providers, is pleased to announce the appointment of Itai Frieberger as Chief Executive Officer of the Company with immediate effect. Itai has been Chief Operating Officer of 888 since 1 April 2011 and joined the Board on 13 May 2015.

At the same time, 888 announces that Brian Mattingley, Executive Chairman of 888 since 13 May 2015, has been appointed as Non-Executive Chairman of 888 with immediate effect.

Commenting on Itai's appointment, Brian Mattingley, Chairman of 888, said:

"We are delighted to announce the appointment of a new CEO. Itai has played a vital part in 888's success to date and has unique market insight and experience to lead the next chapter in 888's progress. Itai is admired throughout the online gaming industry and has been instrumental in the Company's development in recent years. He is therefore, without doubt, the natural choice to take 888 further forward in the rapidly growing online gaming market.

I am certain that Itai, alongside Aviad Kobrine, our CFO, and our exceptional team across the business will continue to drive 888's growth by further developing our first-class customer offering, unrivalled proprietary technology and leading back office systems. The Board is confident that this appointment reinforces our ability to continue to deliver value for all 888's stakeholders in the years to come.

On a personal note, Itai and I have worked closely together over recent years and I believe this is an excellent and exciting choice as our new CEO. I look forward to continuing our close working relationship in the years to come."

Itai Frieberger, CEO of 888, commented on his appointment:

"It's an honour to be appointed as the new CEO of 888. We have fantastic brands, first class gaming platforms and unrivalled analytics and marketing capabilities. All of this is underpinned by a dynamic, talented and expert team and together we are looking forward to building on 888's success for our customers, colleagues and shareholders.

Brian has been an integral part of the 888 team for over a decade and led 888 with distinction during a transformational period for the Company. Brian served as Chief Executive for three years and since last May's AGM as Executive Chairman. Brian has been integral to the Company's turnaround and growth including the launch of 888's operations in a number of new regulated markets. He moves on from his current position within the Company with many fantastic opportunities ahead. Furthermore, we are delighted to announce that Brian will continue to lead the Board and contribute his unique wealth of experience and understanding of 888 in his role as Chairman. I look forward to continuing to work closely together."

As previously announced, 888 will release its financial results for the year ended 31 December 2015 on 22 March 2016.

- ends -

For further information:


888 Holdings Plc [phone]
Brian Mattingley, Chairman
Itai Frieberger, Chief Executive
Officer
Aviad Kobrine, Chief Financial
Officer

Hudson Sandler
Alex Brennan
Andrew Hayes [phone]
Michael Sandler 4133
[e-mail]

[trentendboy] 01/3/2016 15:43

correct - Hills needs 888 to give it scale and an online US presence.

I suspect 888 has a lot of bodies buried around the place so they would need to be careful.

Hills needs a big deal - AYA might even be it (although that would be massive undertaking)

[oohrogerpalmer] 01/3/2016 15:34

The more i read of Wm Hills business the more they need 888 !!!!
Maybe they will come back with renewed offer later in the year.

There is still a fair bit of consolidation to go on in this sector .

[fitton] 01/3/2016 15:00

12 months since the William Hill bid.Share price has under performed the William Hill offer price.

[jamesjoel] 01/3/2016 14:37

Nice chart forming in the run up to the results cup and handle ready for breakout

[fitton] 01/3/2016 12:15

Results due this month.Does look like a good time to buy.Still trading below the
last results peak.Reading between the lines, the results should be good. Hopefully should trade above £2.I would hope a bid is coming as it does look like a very serious takeover target.

[trentendboy] 01/3/2016 11:39

Bid coming soon I am sure

[fitton] 01/3/2016 09:35

Not knocking it though, in the right direction

[fitton] 01/3/2016 09:11

Stock manipulation if ever is saw it!

[shano2] 29/2/2016 15:54

Which States Are Most Likely to Legalize Online Gambling in 2016?

[frankiethecabbie] 20/2/2016 08:43

Well hopefully this goes all the way

[oohrogerpalmer] 19/2/2016 15:59

Frankie ,

Will be another 3 years before the states fully opens up !!!
I still say that China will open up before the states and that will be one hell of a market for 888 to get into.

[frankiethecabbie] 18/2/2016 23:42

Once America opens fully and its when not if, this will go north in a big way. I have been here 3 years and am prepared to wait it out, but good luck if you are happy with £2 .

[cyman] 18/2/2016 21:38

I will be very happy with 200. Been on board since 62 and enjoying my 12%-15% dividend return but I need funds now so it would be nice to depart on a high note having waited soooooo long stuck in this range

[frankiethecabbie] 18/2/2016 11:51

Well this could be the start as its most likely the revised California bill will be submitted today with all sides agreeing at last .

[cyman] 18/2/2016 11:02

Hope you are right frankie

[jamesjoel] 17/2/2016 10:27

Total agree Frankie plus a decent dividend.

[frankiethecabbie] 16/2/2016 11:02

They have moved up a notch on pokerscout and news on California,Pennsylvania is imminent plus the dollar is weakening so good results on March 26th will push it over the £2 mark .

[cyman] 16/2/2016 10:28

Meanwhile in other news, nothing happens at 888!!!!!

[coxsmn] 14/2/2016 07:43

William Hill in bidding war for Openbet, article in today's Sunday Telegraph.

[frankiethecabbie] 11/2/2016 21:26

Could be positive news

[jamesjoel] 09/2/2016 15:43

Cant be something else results gonna be good with a good divi new markets opening up BUYING opportunity

[fitton] 09/2/2016 12:34

Well its fair to say 888 are not out performing.They were steady for a fair while
but looking fairly weak at the moment.General market sentiment or something else.Takeover more likely or not.Any views?

[frankiethecabbie] 07/2/2016 14:16

I read this in The Telegraph's iPhone app and thought you'd like to read it: