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EVOK Evoke Plc

58.30
-1.65 (-2.75%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Evoke Plc LSE:EVOK London Ordinary Share GI000A0F6407 ORD 0.5P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.65 -2.75% 58.30 1,943,897 16:35:12
Bid Price Offer Price High Price Low Price Open Price
58.70 59.05 62.80 58.80 62.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Amusement & Rec Svcs, Nec USD 1.71B USD -56.4M USD -0.1256 -679.94 269.24M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:12 UT 643,136 58.30 GBX

Evoke (EVOK) Latest News

Evoke (EVOK) Discussions and Chat

Evoke Forums and Chat

Date Time Title Posts
26/7/202418:26EVOK........Old 888 Group179

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Evoke (EVOK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:1258.30643,136374,948.29UT
2024-07-26 15:33:4159.1521.18O
2024-07-26 15:33:4159.15148.28O
2024-07-26 15:33:4159.1521.18O
2024-07-26 15:33:2859.5013077.35O

Evoke (EVOK) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Evoke Daily Update
Evoke Plc is listed in the Amusement & Rec Svcs, Nec sector of the London Stock Exchange with ticker EVOK. The last closing price for Evoke was 59.95p.
Evoke currently has 449,108,257 shares in issue. The market capitalisation of Evoke is £38,353,845,148.
Evoke has a price to earnings ratio (PE ratio) of -679.94.
This morning EVOK shares opened at 62.80p
Posted at 26/7/2024 11:10 by finkie
Probably not a bad entry or top up price I may add a small amount but I can see shareholders frustration here. 491p which I remember well seems like light years ago to what we have today.
Posted at 24/7/2024 11:56 by jaf1948
Baldrick1,

Apart from the abominable English, your comment is also a mathematical nonsense. If the share price is now 63p and it will go to 55p how could it NOT see 60p on the way down ?

Or were you trying to make some clever point that I have missed ?
Posted at 23/7/2024 17:29 by navigo
MY last post on this share was posted 3 months ago

20 Apr '24 - 03:46 - 18923 of 18953 Edit
0 0 0
" i was thinking WILL or in the alternative IS "gambling" going the way of " smoking"

I have a buy placed for 42 Pence

well the share price certainly has gone up in smoke
Posted at 22/7/2024 13:16 by jaf1948
Is that the RNK whose share price was:

July 2021 165p
July 2022 86p
July 2023 86p
July 2024 71p

Not exactly a winner either at the moment.
Posted at 18/7/2024 15:15 by blackhorse23
I told few weeks ago RNK better than EVOK. because peace returning now land base casinos. And sports bet are now allowed in land base casinos
Posted at 18/7/2024 08:12 by window kleaner
Not looking good-

link in a header, but for future ref.


EVOKE-


H1 2024 Trading Update

Online revenue returned to growth in Q2 but behind plan leading to revised FY24 expectations.

Significant strategic and operational progress supports future profitable growth in H2 and beyond with no change to existing FY25 expectations, medium-term targets or value creation plan

evoke (LSE: EVOK), one of the world's leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces a trading update for the three- and six-months ending 30 June 2024 ("Q2-24" and "H1-24" respectively).

Financial highlights (unaudited)1:

· Q2-24 revenue of approximately £431m, broadly stable both sequentially and versus the prior year:

· UK Online: continued improvement in trends with revenue up +3%, including +6% growth in gaming driven by continued improvements in product and promotions. Sports held back by continued knock-on impacts from marketing and proposition changes in 2023, as well as lower than expected returns from Q1 marketing and promotional activity. This has been addressed with changes in leadership and commercial strategy, with our new price and promotions approach seeing good early traction and strong results from the launch of new betbuilder product

· International: revenue up +2% (+4% in constant currency) with double-digit growth in the core markets of Italy, Spain and Denmark, which now represent approximately 60% of the division. This was offset by reduced revenues from optimise markets as the focus switches to profitability and cash generation, including exiting the US B2C business

· UK Retail: revenue stable in H1 2024 compared to H2 2023, but 8% lower than 2023, with a strong comparative period. Plans in place to address performance with a change in leadership, along with new future proof gaming machines rolling out from Q4 2024 and completing in Q1 2025, together with an improved SSBT product, payments experience, and sports broadcast offering

· Adjusted EBITDA Margin for the first half is expected to be approximately 13-14%, primarily driven by phasing of costs with marketing costs heavily weighted to the first half, together with lower than expected revenue and the timing of cost saving actions taken

· Successful refinancing in May 2024 to repay the Euro TLA and replace with GBP fixed rate notes, improving the debt profile by extending the maturity of £400m by two years out to 2030; improving the fixed/floating mix; and more closely aligning the debt currency mix to underlying cash generation

· Cash at 30 June 2024 of approximately £116m, with ample total liquidity of nearly £300m including RCF

Strategic progress:

· New strategy and value creation plan launched in March 2024, with name change to evoke plc effective from May 2024

· Strategy focused on mid and long-term profitable growth and value creation by investing in the Group's capabilities and transforming the business, centred around a clear customer value proposition and distinct competitive advantages

· Significant progress in H1-24 to build enhanced capabilities and drive competitive advantage:

· Operational excellence driven by data insights and intelligent automation: fundamentally re-organised the Group's operating model to streamline decision making and increase effectiveness, which will deliver the full previously announced £30m of targeted cost efficiencies in FY24. Enhanced data-driven approach to customer segmentation and personalised promotions, alongside bringing in new personnel from leading AI powered businesses

· A winning culture: completed the restructure of the executive leadership team, with 9 out of 11 roles new since Oct-23, bringing in exceptional talent from within and outside the industry. Further changes to wider leadership team as the new c-suite builds out high-performing teams to drive a step-change in execution capabilities

· Leading distinct brands and products: completed the repositioning of the Mr Green brand, and well advanced with refining the William Hill customer value proposition. Product pipeline reviewed and adapted to focus on value creation, with new betbuilder product launched in time for Euros and proving successful, with further product improvements set to land in the second half of the year and beyond

Outlook:

· H1-24 Adjusted EBITDA approximately £35-40m behind plan, which will flow through to FY24 expectations

· Positive outlook for revenue with H2 2024 revenue growth expected to be in line with medium-term guidance of 5-9%2

· Cost optimisation programme executed delivering planned £30m in-year savings, weighted to the second half, with c.£5-10m incremental benefit in H2 compared to H1

· Marketing phasing always planned to be H1 weighted, with marketing costs expected to be approximately £35-40m lower in H2 compared to H1

· The above factors, together with the operating leverage on expected revenue growth, mean profitability in H2 2024 is expected to increase significantly, with H2 2024 Adjusted EBITDA Margin expected to be approximately 21%

· No change to existing FY25 expectations, including Adjusted EBITDA margin of at least 20%, with unchanged medium-term targets of 5-9% revenue growth per year, c.100bps of Adjusted EBITDA Margin expansion per year, and leverage of below 3.5x by the end of 2026

Per Widerström, CEO of evoke, commented:

"We are focused on mid and long-term profitable growth and value creation and during the first half we have made bold, decisive changes to improve almost every area of the business. We are undertaking a complete reset and transformation of the business, and the scale of change is significant, but necessary. This transformation will take time but will enhance operational efficiency, leading to a bigger, more profitable and more cash generative business in the future.

Our strategy defines what good looks like and how we get there, and while no journey is ever straightforward, we have learnt a lot already so far this year as we pursue our goals. Whilst it is disappointing that the first half financials are behind our plan, the underlying health of the business is getting stronger, and the corrective actions we have already taken make us even more confident that our strategic approach is sound and will achieve sustainable success.

I am really pleased with the strategic progress we have made so far and I'm confident this will set us up for profitable growth in H2 2024 and beyond as we continue to invest for the mid and long-term with high conviction. Our plans for 2025 and beyond are unchanged and the strategic and operational progress we have made during the first half give me increased confidence about delivering our value creation plan."



Sell side analyst and investor presentation

Per Widerström (Chief Executive Officer), Sean Wilkins (Chief Financial Officer), and Vaughan Lewis (Chief Strategy Officer) will host a presentation for sell-side analysts and investors today at 09.00am (BST).

Live audio webcast link: hxxps://brrmedia.news/EVOK_HY_24

To register to participate in Q&A please contact evoke@hudsonsandler.com or call +44 (0)207 796 4133 for further details.

A replay will be available on our website shortly after: hxxps://www.evokeplc.com/investors/results-reports-and-presentations/

Notes

1 Based on draft unaudited financial results

2 Assumes normalised win margins for the remainder of the year
Posted at 01/7/2024 17:25 by hope1815
The debt has been covered by Fitch in March and May 2024 reaffirming the rating from 2023 BB- to a BB+ WITHIN 1 year. If you read the report the outlook for Evoke Plc for 2024 moving forward the debt becomes less and less.

Revenue outlook continues to increase from 2024 Q4 onwards. A joint Broker was assigned last month which provides wide scope for Liquidity. It can also suggest a Fund Raise which some people mentioned. That may be indicated in the share price but that is speculative at best.

Evoke Plc continues to withdraw from USA operations with 888 Casino and 888 Poker but is expanding 8 Poker with new Tech for better Gaming Experience.

The CEO has changed the Team within Evoke Plc, all the new appointments are successful and have proven track records.

The vested Options for CEO and CFO have a range of £1.60 in 2025 to £2.30 in 2026 Q1. If these targets are met within the next 18 months it is a return of 100% to 182% roughly.

Also, there is a possibility of a bid which was mentioned in May 2024 for Private Equity firms watching Evoke Plc.

The Evoke Plc group has put forward Sponsorship deals Scottish Football is one, also updating William Hill inventory with new gaming machines, etc.

Happy Investing
Posted at 28/6/2024 21:55 by hope1815
Seems to have pedalled across CPI and other Boards annoying really. Looked at his view its lost 29.17% since 21 May 2024 and the brokers only one has it as a buy other 3 say outperform but no Range price on Rank Group.

My view Evoke Plc has a better set up and out look than Rank but only time will tell.

Happy Investing
Posted at 30/5/2024 10:36 by dandigirl
I think the foundations for growth are being put in place. The new team are doing their stuff, especially reducing their debt.

Share price has been fairly solid of late. Took advantage of yesterday’s weakness to top-up/level down. Still need 125p to break even. Think this is possible in not too distant future given recent bid price.
Posted at 29/5/2024 15:44 by oneillshaun
Just as the share price starts moving up a chunky 5% drop in a day for no reason, WTF
Evoke share price data is direct from the London Stock Exchange