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I'm not sure why they'd want a name similar to that oft stolen, self-combusting car.
Even made the local NI news - a very good sign imho.
https://www.belfasttelegraph.co.uk/business/uk-world/gambling-firm-888-says-revenues-beat-forecasts-for-past-quarter/a1437797806.html
Hoping that the proverbial market had priced in for a slightly behind target result, rather than slightly ahead!
Heading back to the £1 mark would be a nice change of pace :)
Spot on Morbox. ☹️
Sell the asset that completely destroyed 888 shareholder value in the first place, wouldn't be a good look
....Doesn't fit in with the over arching business model which is online. Unnecessary additional costs. Shop rent, rates, utilities, shop staff, regional managers, back office staff, HR, Accounts team, facilities and maintenance teams, real estate team.
Sell it and move on.
That’s always a problem!
Only problem today is the middle east
I am satisfied with that myself. See what the market thinks. GLA.
Per Widerström, CEO of 888, commented:
"I am pleased to report that Q1 2024 revenue was slightly ahead of our guidance, with strong player volumes converting into improved revenue run rates. Having lapped various regulatory and compliance changes during the quarter, and with increased marketing investment supported by an exciting product pipeline, we remain confident in a return to growth from Q2 2024.
I was delighted to outline our multi-year value creation plan alongside our full year results in March, and am pleased to report a strong quarter of progress against these plans. We are moving decisively and at pace to position our company for long-term success, and I look forward to providing further updates about our progress in the coming months."
Q1 2024 revenues slightly ahead of guidance; no change to full year expectations
UK and Ireland revenue down 6% in shops due to Government regulatory, which is William Hill
Why’s that? Their retail was better than online. Doesn’t most of our revenue come from retail William Hill?
Entain update today not good news for Friday
If this continues to rise though the afternoon, then results are better than expected ( and someone already knows )
I am not expecting this quarters results to be good....both Aintree and Cheltenham were not good for bookmakers unfortunately.
Hopefully we don't dip too far.
Still want to see this rally past the 90s again at some point.... I think results are already built into this price.
Mainly people/traders exiting before the update IMO.
I would have trimmed if we had seen 84p or so myself before Friday for similar reasons, although fairly relaxed at the time of print and will take a view after the update (assuming no spike before then). GLA.
While not mind-blowing, the previous updates have all been fairly reasonable in terms of showing a light at the end of the tunnel. Surprised to see the price where it is - hopefully a 'good' result isn't priced in at this level, and we may see a rise.
Totally forgot we have an update on Friday. IMO one can pretty much ignore TA in that case. Just going to sit on my hands and wait now, rather than buy more sub 80p if the opportunity arises again, for this reason. GLA.
Had a 77p buy order but it did not hit. Nevertheless, cautiously optimistic at the SP action since the opening.
We could do with finishing the day above 82p though IMO, or it is possible that we are going into a new, lower trading range for a bit, where that 80p ish level might start acting as resistance rather than support. Not that I am concerned at the time of print, but from the perspective of the trading tranche, I would like to be able to take profits on it sooner rather than later of course :) GLA.
Ah yes indeed, starting today at Aintree I think
Grand National first. Not an event I have a flutter on, but hopefully many will, especially via 888 :)
Mine too
Looking forward to take off in the lead up to the Euros and Olympics
You too
In the meantime, I see that my little buy order was triggered earlier today.
Good weekend all.
When the BoD stop turning down approaches.