888 Share Discussion Threads

[oneillshaun] 24/9/2019 15:55

888 US news:

hxxps://casino.buzz/888-casino-extends-sponsorship-with-the-new-york-jets-for-the-2019-20-nfl-season/

[trentendboy] 17/9/2019 14:51

Again, some nice slow progressSomeone is accumulating

[trentendboy] 14/9/2019 09:12

That is a well written article.That is an impressive yield in terms of returns for a low risk companyPlus underlying TO potentialSafe investment but more action over at GAN and GVC I suspect

[oohrogerpalmer] 11/9/2019 09:13

Maybe the fool is a potential buyer, this from daily finance report today,
-------''''
A cash machine?
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My screening rules have identified another stock that’s unloved by investors and is struggling to deliver meaningful growth. Online gambling group 888 Holdings (LSE: 888) said today group revenue rose 2% to $277m during the first half of the year, but revealed its adjusted pre-tax profit fell by 36% to $27.1m.

At first glance, this seems like bad news. Why would you invest in a business where profits are collapsing? However, I think the news isn’t as bad as it seems.

One reason for the decline in profits was a $7m increase in gaming duties, mostly in the UK. This isn’t ideal, but it’s the same for all operators in this sector and isn’t a reflection of poor operating performance. Non-cash costs relating to acquisitions also depressed the group’s profits.

Historically, this has been a highly profitable business, with strong cash generation. Today’s results show a net cash balance of $111m and no debt, highlighting the group’s financial strength.

Return to growth?

Revenue growth was weak during the half year, but the company is working to expand by launching in several new markets. It’s also boosting customer recruitment, which rose by 20%.

888 is going through a period of investment and consolidation. But management has left full-year guidance unchanged and analysts expect profits to return to rise by 11% in 2020. With the shares trading on 14 times forecast earnings, with a 5.7% yield, I believe this could be a good time to buy.

[shaker44] 11/9/2019 09:10

Thanks. Interesting read. Maybe written from his viewpoint as a holder rather than potential buyer, but useful analysis

[rndm355] 11/9/2019 08:53

results analysed here:

[oneillshaun] 11/9/2019 08:24

About time somebody took this company out of the game, totally stuck.

[trentendboy] 05/9/2019 14:29

Something going on given the chart - other gamers are similar.

TOday's TO news will help with netEnt

[chrisdgb] 23/8/2019 10:23

Tick above 160p would be significant.......

[chrisdgb] 13/8/2019 16:00

Agree, patience will out......

[finkie] 05/8/2019 14:34

hmmm just no life in this share at all and its still sitting on cash no debt reasonable yield and the takeover target of the year surely...........

[makinbuks] 31/7/2019 11:57

Ladbrokes fined over governance issues. Not a huge sum but further indication that the authorities see the sector as a cash cow. Bookie bashing is both lucrative and popular for politicians. Regulators do their bidding

[loganair] 30/7/2019 16:40

It seems because the whole sector is down today.

[daburd] 30/7/2019 15:39

any idea why these are dropping back towards 150? And its on the day they launched Orbit in New Jersey...hxxps://www.casinobeats.com/2019/07/30/888-holdings-sends-new-jersey-igaming-into-orbit/

[heliweli] 17/7/2019 14:33

Looking for 170 next leg up.

[trentendboy] 11/7/2019 19:11

Exactly - good analysis - matches my own but firms I not looked stYields are very good

[oohrogerpalmer] 11/7/2019 16:36

Still think WMH is the logical step,
Can't think of any other tie up/TO that would suit both sides better!!!

[loganair] 11/7/2019 15:30

Very good article from the GVC thread:

Sector research note out by Edison:




Shows that either 888 needs to be taken over or will wither and slowly die as they are now too small to do anything else.

[loganair] 11/7/2019 14:02

Do not see it myself on the GVC forum. For GVC, 888 have to much of their revenue from non-regulated markets and 888 really have very little to offer GVC.

[oneillshaun] 11/7/2019 13:48

heliwli - cannot see it happening, 888 is doing pretty these days they would have to offer a pretty solid premium.

[heliweli] 04/7/2019 08:41

Discussions of a take out of 888 on GVC forum.

[heliweli] 01/7/2019 15:04

Lagging GVC and WMH today hopefully play catchup.