888 Share Discussion Threads

[davieday2] 01/6/2017 09:03

leaves it open for a hostile take over now ? any thoughts

[big7ime] 01/6/2017 08:07

Why the big drop?

[davieday2] 31/5/2017 12:31

Iexpect this to be £3.50/£4.00 hopefully before a bid comes in! probably around the six months results just a wild guess? im hopefull that a bid doesent come in as I like my divis to much and would like to see the company grow a lot more yet!

[jamesjoel] 26/5/2017 07:05

I expect this to go up to £3.50/£4.00 when the takeover bid comes.

[coxsmn] 25/5/2017 21:55

I expect this to retrace below £2.74. Markets hate uncertainty.

[trentendboy] 19/5/2017 14:27

Good post and nice bump up. Normal service to resumeHow long until the offer comes in?Be amazed if we did not see something in 2017

[jamesjoel] 19/5/2017 11:11

888 Holdings under investigation


888 Holdings under investigation
Shares in 888 Holdings

(888) fell around 8 per cent in early trading on 16 May after the company revealed that the UK Gambling Commission had initiated an investigation into its social responsibility policies. The regulator is focusing on how effective 888's self-exclusion tools are for gamblers wishing to block themselves from the site for a set period of time. The gambling company stated that it is dedicated to providing customers with a "responsible, as well as enjoyable gaming experience". Gambling companies have come under scrutiny from the regulator in recent years, and a review by the Department for Culture, Media and Sport has yet to reveal its findings on the perceived harm caused by fixed-odds betting terminals.

A likely outcome of the review could be a fine on 888 Holdings, although it is difficult to predict the amount of this penalty. In June last year Betfred paid more than £800,000 in compensation towards socially responsible causes as part of a regulatory settlement following a review of its licence. The same year both Gala Coral and Paddy Power paid fines of £846,000 and £280,000, respectively, and were made to improve how they catch those involved with money laundering. Mecca Bingo, part of Rank, paid around £950,000 and revised its anti-money-laundering arrangements in 2015. While these scenarios help give a snapshot of the possible size of the fee, they revolve around where the money is coming from rather than self-exclusion.

However, if the company does incur a fine, 888 Holdings looks financially healthy enough to withstand the blow. The company reported $173m (£134m) net cash at the end of December 2016 and paid a 19.4¢ dividend per share for 2016, up by a quarter from the previous year.

Analysts at Canaccord Genuity have held their forecast of $79.8m adjusted pre-tax profits for 2017, giving EPS of 19¢, increasing to $89.2m and 21¢ in 2018 (up from $69.8m and 17¢ for 2016).


IC VIEW:

Prior to the announcement, 888 shares were up 37 per cent during the year to date and are now trading at 12 times its projected earnings for 2018. Analysts think this is a bit expensive compared with the subsector, but that it is justified by the investment 888 has made in the technology underpinning its online platform, which has differentiated it in a market undergoing consolidation. Buy.

Last IC View: Buy, 252.75p, 22 Mar 2017

visible-status-Standard story-url-888 Holdings_Review into self-exclusion tools_190517.xml

[jamesjoel] 19/5/2017 10:33

Nice to see the price now turning

[makinbuks] 16/5/2017 14:52

Licenncee and subsidiary, so as I read this they mean the main UK operating company which is the relevant regulated business

[trentendboy] 16/5/2017 09:53

Over done - a licencee - bound to be a small white label job.

[oohrogerpalmer] 15/5/2017 19:22

Looking at fines dished out to other companies for similar reviews i would think that any fine for 888 would be petty cash !!
See how markets react tomorrow , recovered ok from initial fall and when the big boys have studied the form (pardon the pun) overnight i think tomorrow will give us a better indication of short term direction.

[peaeff] 15/5/2017 19:18

James

I agree but the irony is that I topped up on Friday with my spare cash/ However still in profit and hope to see the share price rise back to Thursdays highs.

regards

[big7ime] 15/5/2017 16:21

Hmmm, not so sure. You could be right but the risk is there..
Shares were at an all time high, the govt is known to want a crackdown
Hate the word regulation as it can seriously disrupt a business as in the energy sector so
I decided to take my profit before it disappears, prob wrong though

[jamesjoel] 15/5/2017 13:50

Massive over reaction,buying opportunity

[peaeff] 15/5/2017 10:13

The RNS doesn't say that the company has done anything wrong, that has still to be determined, hence the review. It hints that the review is based on 'responsible gambling' practices currently in force, or maybe lack of them.

Is anyone aware of the possible scenarios should the company be found to be in breech of these particular rules?

TIA

[davr0s] 15/5/2017 08:07

Unwelcome start to the week - difficult to know the severity of this investigation but that's me out for time being

[jamesjoel] 12/5/2017 08:28

Its there this morning thanks.

[rhcm] 12/5/2017 07:40

james re iii- i received mine yesterday at lunchtime in both trading and isa accts.

[jamesjoel] 12/5/2017 06:56

iii not received the divi yet !!!

[shayadfn] 11/5/2017 21:32

Thanks RBCRBC- it seems my spreadsheet calculations were incorrect rather than TD

[rbcrbc] 11/5/2017 17:21

I got 12.06275p per share in my HL account.

[trentendboy] 11/5/2017 15:53

So close to breaking £3 - I suspect some have it as a sell target (which is never rational trading strategy)

[shayadfn] 11/5/2017 15:10

Got my divi- from TD can someone confirm that the total per share is suppose to be 12.7 pence

[finkie] 10/5/2017 08:49

Genius these brokers 👍🏻 Brilliant minds