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Would like a few takeover rumours circulating in the press
Expecting the £1 party again any day soon.
Any successful bid will have to be at a minimum of £2.50
Draftkings and all the rest will not get hold of William Hill, the most famous name in gambling, for less than £1 Billion
Now at 0.49%
Acadian short has been reported as closed, or less than 0.5%
With both shorts and share prices increasing. Possible suitors circling. CEO buying. This could very quickly go crazy. Offer comes in (pribably 180p and rejected), shorts have to close, price could double in a week
If we could hold over 90p over the weekend...gives us something to build on again next week.
Nice Little rise today.
Jefferies names Flutter as top gaming pick
(Sharecast News) - Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.
In a research report on Tuesday, the broker said it remains positive on the whole European gaming sector for four key reasons.
Expecting this to rally towards the results at the end of March - should be progressing to over £1 and next time it breaches 96p it should breakout.
Buy low 70s trim 90s rinse and repeat Heading towards a sub xero average cost - super trading stock.
I have been tracking #888 for some time. Here is one of my charts. I love the way the SP is currently moving. GL to all investors. https://x.com/SwazersC/status/1754467344884072917?s=20 https://www.tradingview.com/x/vCgZk94v/
@ 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?