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Is there any likely chance they will reinstate the Divi? Would certainly boost the price. I suspect that the Willian Hill stores are trading well post lockdown.
Exceptionally great news although "escape" is a very pejorative word to use.
This had seen former Entain PLC (LSE:ENT) executives, Kenny Alexander, Lee Feldman, and Stephen Morana, buy a 6.57% stake in 888 through investment vehicle FS Gaming.
Plans were then revealed for the trio to take charge of 888 through the roles of chief executive, chair and chief financial officer, which would likely have taken their holding to over 10%.
Thanks 888
Me too but having bought a shed load at 80/81 last week, the 92p plus was a time to trim. Will buy back of course. Next week would not want to be short of stock just in case.
Was at Chepstow Races yesterday and see William Hill have taken over the betting shop from BritBet. Interesting to know if thy have taken over all BritBet franchises across the country - that could see a good increase in revenue..
Hopefully things will move up from here.
I think this is huge news.
RBS today - great news sp up imv.
Markets like uncertainty removed. No penalties, no fines, should help the cause.
Good news. Vital news - of course - but surely already baked into the price?
The actual update is what I am waiting for now. GLA.
Https://www.londonstockexchange.com/news-article/888/conclusion-of-gbgc-licence-review/16390039
The GBGC has concluded the Licence Review without imposing any licence conditions, financial penalties or other remedies on the Group after being satisfied that the risk to the licensing objectives under the Gambling Act that led to the review have been appropriately managed and adequately mitigated.
Little bit of good news for today. Hopefully better news next week :)
By chance I noted this share has had 95 trades in 6 hours (less than 16 per hour) -- 27k of buys and 163k total sales in that time
For the record Flutter although a totally different "animal" announce their results on the same day.
Buy some Paramount. Then the just announced deal on the table is sure to close, or finally get a proper bidding war underway in that one, midas Mary :)
Not actual advice to buy of course etc. Annoying to have to say that when it is an obvious joke, but for now, we live in constrained times.
LWHL... if only I could move markets.... sold 3 tranches today here. Still plenty left.
The worry is when she sells! A midas touch that I lack :)
Agree Mary, had a couple of nice little recent day trades here. Set the buy and sell orders pre-market and forget about it.
Leaving a small core holding alone though, which makes it easier to play the above game, IMO.
Not going in big here with an update due so soon though. Will take a view after then. GLA.
Ghost
If so you should do the exact opposite and be minted :). Perhaps you think it is a ramp up to get the best out of my position and if so do the opposite.
This one is a favourite, can trade within range and particularly at the open if the spread widens.
Enjoy your evening.
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