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@ Verney
Thank you kindly. It is all a gamble but better than the bookies.
Each day is a new race, with the horses you get one chance. You only need to hit it right eventually and then progress to build a position.
78p to 86p and back again is a 16p move on a 78p share - capture it (or most of it and the average cost tumbles. Never panic as huge drop may be a huge opportunity. Top 3 shocked me too as did No 1 last week. Think I should post less frequently in future and go back to relative anonymity.
The 3 hedge funds that have just taken short positions. Are feeling the heat!
MaryBr190
It's posts like this that keep you in the top 3 of LSE posters popularity table. Rounded and sensible.
You are right, Mary. I often struggle to get it right with brand new holdings. Even when I track them for a while before taking the first plunge, for some reason I seem to need to ease myself in.
My (wrong) thesis this morning was that we would bounce but then retreat.
Shorts are increasing (including Marshall Wace, who I never like seeing on the shorts list) and ultimately I did not expect us to get through the 50 DMA on this occasion.
Still so much to improve upon, but it is a work in progress.
And we finally have some pleasant weather, so I think I am going to go for a walk, enjoy the sunshine and shake off the current irritation :) GLA.
LWHL
Range currently is 70-98p& a strong buy @70/73/75/7, if it dips and trim ast 94/96. This really should be back in the £120/130 range and as many point out it should be £4 if trading with its peers.
eg 10k 76p 6k sell at 94p leaves 4k at £1960 = or 49p - play around with different ratios - it makes a lot of sense.
The rate cuts are coming this year and indebted companies will reap the reward as the rerates come in.
888 is already decreasing debt from the WM purchase and as this accelerates the SP will pop. Always a bid target at these levels.
Add / trim to improve averages and build a bigger holding.
Now holding the more 888 shares than ever here and builidng the quantity up as the SP oscillates.
At some point a great reward is coming.
Always the way :)
I set a buy order as well for 76p. Naturally just missed the boat on that.
All that said, this one is quite volatile right now, so unless we stay above the 50 DMA for at least a few days, then IMO we could just as easily see a return to the sub 80p range fairly quickly.
Full disclosure: I hope so! lol.
Seems to be stake building with a couple of outsize volume days recently incl 15m yesterday and similar a few days earlier.
Expecting it to head back to the high 90s again in the near term and crack the £1 . Party invites are at the ready.
A lot of A trades going through, which usually means someone is building a position programmatically. A huge bid would really make my day as I'm b@lls deep in this one! To be honest I'd be happy if it can just set a new floor around this level.
No idea why but I wish I hadn't sold 60% of my shares yesterday... lol
No idea, but my own holding hit a sell price I set this morning. I thought we might get a bounce to circa 84p and then drop back.
Hoping to have the chance to buy them back, but if the horse has bolted, at least my kids still have their ones :)
Unusual to see it rise early morning and not drop straight back again. However, we're up around 9% so far today, so something's afoot.
Is it just on the back of Rank's results (ip 4% today) or is there the possibility of a bid...?
Any thoughts welcome.
Either the company reduces debt, grows EBITDA and hence share price grows.
Or
It's taken over at around 200p.
There is a third option that involves losing its license, going bust and choas. I think that is a marginal risk.
To understand how 888 Holdings may move forward just a few things stand out for the company.
Alex Smith's Third Bridge Article is worth a read on William Hill Portfolio on the White Paper.
CEO outlook with an Announcement in March 2024 a few weeks away.
Long-short equity strategy, researching the companies holding the short position.
A large amount of recent trades may lead to a short squeeze.
Research on the company start-up ie 888 Emerging etc
There are a few more I could list but the above seems enough.
Happy Investing.
Based on what?
130 by May
Thoughts on the short to medium term for this stock?
Or it could be the new declared short - ActusRayPartners Limited - listed as yesterday, but only just on short tracker now (I did not see it this morning anyway). GLA.
These high volumes may, possibly, be sales by FS Gaming. It could then pave the way for the Gambling Commission to complete its investigation and clear 888 of any wrong doing and keep the license in tact.
Trades 428
Vol. Sold 579,182
Sold Value £458.82k
Vol. Bought 9,392,787
Bought Value £7.42m
Over £7m bought
Today is by far the biggest volume day since it was announced at FS GAMING INVESTMENTS have taken a 6.5% stake. It is only a matter of time until some mounts a serious takeover bid here.
Blimey. Some big buy and sell trades taking place today.
I had a buy order for around 79p that I see has hit, but feels like I should have set it lower!
Will take some more if we return to those low 70's that my original plan was. And seemingly which I should have stuck to. Hey ho.
Looking forward to 888 Holdings partnerships which it mostly owns. Below is just one of 888 Holdings -
888 Emerging Limited Isle of Man Job MLRO
hxxps://www.locate.im/working/job-search/543253/money-laundering-reporting-officer
It seems Governance is important to the group and follows the CEO's thinking.
Also looking forward Alex Smith's Third Bridge outlook-
The larger operators have adopted a more cautious approach as there are huge uncertainties on the long-awaited white paper. This paper could bring about significant changes in how online gambling is regulated, especially concerning consumer protection and marketing. Our experts predict that it will take 2-3 years for these regulations to be fully put into practice.
“In late 2024, 888 Holdings might see an improvement in their market share, as smaller regulators may leave the market. These smaller operators don't have the time or expertise to focus on compliance. Additionally, the potential increase in Gambling Commission fees will financially impact them even more.
"888 Holdings can benefit from the retail locations of William Hill. Our experts anticipate a significant increase in retail activity and a shift away from digital platforms. This is due to the introduction of measures that will be somewhat too restrictive for online customers.
"Our experts anticipate a decrease in 888's marketing expenses as a percentage of sales, dropping from 23% last year to approximately 16-17% in 2025. This reduction is attributed to a decrease in the use of brand ambassadors and affiliates, in part due to the influence of new regulations”
This basic research and informed choice is not my own view.
The reality will supercede expections.
Nickels and dimes when trading are of no consequence when investing in a forward looking enterprise.
888 is growing on me Mary.
Thanks for your posts. Have a great weekend Hope.