Bought more today |
I'm grateful I only trade this for beer money.Probability is I'll get 75-76p before the end of the week . |
It will not hot 100p in Q1 |
I could make more stock crawlings in the 3 months..eg,.bought hoc yesterday at 218p..watch it now if you may;) |
We might, hope not for longers :-) |
I don't think we will see 70 again , it will head to 100p area soon |
Level 2 looks very good, overwhelming bidding activities |
Why not hold out and you will see 85p in the next 90 days |
Selling @75-76p if it could get there sooner. |
 i think this action helped May 2024
Pricing of an offering of Senior Secured Notes
888 (LSE: 888), one of the world’s leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces the successful pricing of an offering by 888 Acquisitions Limited (the “Issuer”), a wholly-owned subsidiary of the Company, of £400,000,000 10¾% Senior Secured Notes (the “Notes”), marking its debut issuance into the GBP debt capital markets. The Notes are expected to be issued on May 9, 2024.
The offering of the Notes (the “Offering̶1;) will be an offering exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”).
Additional revolving credit facility
In addition, the Company has entered into an additional multicurrency revolving credit facility in aggregate principal amount of £50,000,000, with a maturity date of December 31, 2025 and established under the Senior Facilities Agreement (as defined below).
Use of proceeds
The Company expects to use the proceeds of the Offering to repay and permanently cancel existing indebtedness under the Euro-denominated term loan A facility (the “TLA”) made available to the Issuer pursuant to a senior facilities agreement dated 29 June 2022 (as amended and restated on 19 July 2022) (the “Senior Facilities Agreement”).
As part of an agreement with an initial purchaser that is a lender under the TLA, the prepayment of the TLA will be offset by certain transaction costs incurred by the Group in connection with the Offering. Additionally, the repayment amount will be further reduced to compensate the Group for the difference between future expected finance costs in respect of the TLA and the Notes.
Impact on group financing
As a result of the above refinancing actions, the Group currently expects the following impacts:
Reduction in net debt of c.£18m on completion of funding, reflecting the discounted cash compensation received up front to cover future increased interest costs;
Cash interest costs to increase by c.£4-5m on an annualised basis until 2028;
Extension of the maturity of a portion of the debt with £400m now due in 2030 instead of 2028;
An improvement in the fixed vs floating mix, particularly over the life of the Notes where the existing hedging arrangements are due to expire in late 2025; and
An improvement in the currency mix of the debt to more closely align with the cash generation of the business. |
I did say last year Evoke is a secure investment and by the end of 2026 holders should get a spectacular return on their investment. I doubled my stake in November at 50 pence per share so just going to sit back now and let the deleveraging do it's work. |
Why don't you just buy and hold for 6 months the you will get a very juicy return |
Who bought back... |
It's not low enough for me to buy back!! |
Exactly you are right! |
Red color on the way ;) |
I think Oneillshaun is on the money. We have now had 2Q of growth, the latest Q over 10%! Another Q of growth and we are approaching 100p. Analyst predict 19.6p EPS for 2026 (ie next year).SP is only going up from here, once debt gets paid down,with lower interest rates, the EPS will get scary. |
Maybe 68-70p and not 50p;))) |
You've made more calls than a call centre worker. |
I called 70-71p earlier. |
To me it looks like we're at the top of an ABC correction to the upside. 5 waves down to come (possibly). Push through to 100p as you suggest then we're heading much higher. Struggle at this point and we're going lower. |
Buying orders are good at LSE |
Dream is free lol looks like on the way to 100 |
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