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When "Mary" goes +ve I worry
Steady climb towards 130, followed by a buyout at 190. But what do you guys predict?
Recovery to continue, from the lows to the highs again. Already moving on up.
Mid 90s on course soon. GLA.
Very interesting what you said about arc, would you like to send me a Google email using my username and adding the current four digit year before the squiggly A symbol? It would be very good for some of us to see if we can get together the necessary 5% to call a meeting.
To 1.2%. If a bid did come in you would value the company around £3 Billion if the above scenario happened.
On the outlook for 888 Holdings, the upcoming Trade update should show if the CEO has had any influence.
I did a feasibility study (Business success may be defined primarily by return on investment, meaning that the project will generate enough profit to justify the investment).Revised update November 2023
Pre Study
On 888 Holdings on the understanding of Due Diligence, The Revenue outlook, the Synergies on the Acquisition of William Hill with 888 Holdings, The bonds issued to cover the purchase of William Hill's forward-looking costs, the Asset Portfolio of William Hill/888 Holdings (William Hill UK, 888casino, 888sport, 888poker and Mr Green. They operate the SI Sportsbook and SI Casino brands in the USA in partnership with Authentic Brands Group and others)The outstanding issues with Goverenece pre-June 2023. Also, other areas that impact the cost ratio with Rent/Wages outlook, etc.
Post Study
With the above in mind, 888 Holdings took a large part of the Bonds to purchase William Hill with Morgan Stanley and JPM. This accounted for 1.3 Billion with Various rates of 6% to 10% range these run to 2027. The payment required over this period for Bonds Holders on a Bi-Annual Basis. The Float Debt which stood at 350 Million.
The Asset Portfolio of William Hill and 888 Holdings net worth compared to the Market cap of the company in November 2023. The Asset Value across the company certainly suggests the Debt and Market cap presently do not match the Asset Value.
888 Holdings Board came up with a plan to reduce the Debt ratio by 2025 within a reasonable manner in 2022.
It is now March 2024 and I decided to widen my Previous saved post and broaden the outlook. SI Sportsbook has been put under Strategic review. This seemed a forerunner when 888 Holdings pulled out of Deleware in December 2023. This will save £6 to £7 million in the coming year but has an overhang of £50 million over 5 years.
888 Holdings continues to hire people on the Compliance in line with CEO thinking. They also have invested in AI with some partnerships mentioned. The group has launched 888 Tiltles around the world in different regions Asia/Africa etc.
While this is on going there was thinking within the team on how to tackle debt and free 888 Holdings from it. The following is speculative outlook and in no way indicates what may come about.
The Fund rise would be £1 per share which would raise up to £1.2 Billion open to Investors across the board. This would clear the debt to below £200 million with operating costs of the business showing a core profit of £300 million plus. The dividend may be restored with some equity release, selling some of the group's net assets, and increasing cash flows.
I would add more but its a bit in depth so I chose a short version. If the above in any way did come about this leaves 888 Holdings with Market Cap of around £1,649 Billion with operating costs in profit and growing markets. The divdend percentage would be around 0.8% to
Well, I nibbled a few more today. 84p to take those ones from me would suit me just fine. Whenever Mr Market would like them :)
Glg Partners Lp short decreased by 0.11%
Total 2.57%
888 Holdings Updates as they come in
Unleashing Innovation at 888 Holdings 12 March 2024
https://www.youtube.com/watch?v=32vdKBfYM24
Employee Well-being 12 March 2024
hxxps://europeangaming.eu/portal/latest-news/2024/03/12/154631/wellness-cloud-appointed-by-888-william-hill-to-provide-comprehensive-wellbeing-support/
Well, the Articles are not note-worthy, but it does show that 888 Holdings is still open to business in setting standards.
I would say considering 20% of shares held be Shaked Family - nothing will happen unless they want it to
Another day...
Another higher open...
And another slide lower.
I agree. 888 have only 2 options, they need to increase shareholder value quickly and that can only be through a significant increase in the SP or by accepting a bid. The rumour-mill continually suggests they're fending them off. They can't do that for much longer.
Cash cow, ripe for a bid.
So many UK companies look vulnerable.
Hold4Gold
Soubcrew, 'little understanding of what'? Please enlighten me - genuine question.
I thought the USA was going to be the next boom for the online sports betting market, is this not another a example of a bodge job by the previous BOD
Interesting market response. I thought we might see mid 70's before a return to flat on the day (give or take).
Never like to see paying to exit an arrangement, but I agree with the opinion that it shows strong and decisive leadership.
The US has been a graveyard for many a UK business and this decision would not have been taken lightly.
All that said, I am not chasing the price either, so will sit and hold for now, and either trim again around the quid mark, or add if we do see those mid 70's on no further news. GLA.
Would seem you have very little understanding
Bought some more in expectations that a bid will roll in for b2c as best case or worse case we stem cash outflows. All good imv.
See it as a positive and expected a sharp markdown - maybe the news has not filtered though but seems to be some sales going through on the open.
Still expect a pullback to 70p
If it wasn’t for the fee; this would be very good news.
With the fee it’s not ideal. But helps present results on a proforma basis now.
Potentially more attractive to an acquirer as well.
But on the whole negative I think
Given up on b2c in usa to stem losses at a hefty price - have to assume it is a great idea or bod would'nt do it.
Read as a decisive move by management to exit a lower margin part of the business in a controlled way or through a sale.
Long term view it is necessary and it will stem outflows and allow better use of resources.
LT... a buying opportunity again.
What an odd exit and fee.
Why not just wait until it is sold to terminate, on transfer.
Perhaps there were performance guarantees they were failing on in their contract. Stiles me as very odd to pay away £50m… how much is the us business even worth when sold ?
Look at those payments now scheduled..:
And at a time when 888 needs as much cash as it can get!
Just be glad & add.