Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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FDJ tables €2.45bn offer to acquire Kindred Group -
https://igamingbusiness.com/strategy/ma/fdj-to-bid-for-kindred-group/
I think the sector may see some more take overs soon.
Was in around 4.45pm
When was that ?
Prices do not finally settle at close until around 1650. Perhaps it was a backwardation. When did you notice that?
How is the spread 14p?
Share price 80,35 Bid 90.75 Ask 76.35
I don't think I've ever seen that before
Wasn't that a bit weird price action?
Interestingly am getting a 83p+ quote to part sell the 69p purchase yesterday while the price was 79.6 84 . Through as a buy so someone wants these shares.
Still 19.88% on a day trade lowers the average well.
Well been a bit of a wild day in the market as normal. Let us take 888 Holdings Trade Update nothing to get too excited about. We had a reaction of the market as normal with a fall of 13.75% at one point today. The lowest point hit 68.95 at 8.41 am. At the end of the day, the share price finished at 79.35. The total fall from the open to end was just 1.54%.
The trading update was mentioned in Peel Hunt on 4/1/24 as a phase was mentioned as Slow and Steady. The CEO has outlined a more in-depth plan in March 2024. I have covered some of these items earlier.
Overall the outlook for 888 Holdings is positive moving forward. The CEO has put forward a plan and many in the market have an idea of how that will be implemented coming few months.
48k bought at 78p 10k similar and lots more - wonder why buy now rather than at 68/9p earlier ?
Wish we could all go back to the 1980s - it seems that the music and vinyls are back everywhere.
Currently 1.99% on shorttracker. Presumably more under the notification threshold.
I think that number may reduce in the coming days; a good chance they took the early drop to unwind/reduce their shorts this morning. Might also explain the lack of a retest of the 68p level.
Going back to 80s .
It’s time for shorters to start panicking
No likely higher as the company grows and debt decreases and visibility enhances,
Any approach now wouldn’t be at 156p though?
Smart money says they probably are considering another approach and may not be so quick to dismiss due to shareholder anger from the las time.
Nothing new in that Glow - keep trying - Playtech were happy to take it on at twice the price - pay attention.
Debts are anticipated to be around £1.5 billion for 888 plc
Still waiting for another bidder to emerge, after all the board turned down 156p from Playtech as this undervalued the company.
Belief is that the BoD will grow the company into that valuation and exceed it so no point in being out of the stock. Best to add on dips whatever the source.
Today was such an opportunity.
How were the analysts so far off? They predicted increased revenue with pre-tax profits. Just another case of why analyst forecasts in general are downright dangerous.
As you said earlier Mary, I wouldn't be surprised if this ended up green by close of play today when everyone has digested the information correctly
(Sharecast News) - Gambling group 888 warned on Wednesday that full-year adjusted underlying earnings would be at the low end of consensus estimates as a result of a heightened level of investment.
888 said 2024 adjusted EBITDA would be at the lower end of estimates for £340.0m-397.0m but said it was confident of its ability to deliver strong shareholder returns in the coming years.
I have put a buy order in for 71p. Might not revisit the lows of the day of course, hence placing it a couple of pence higher. I think I will get that target price at some point, this afternoon perhaps, but if not, so be it.
Not going to chase a stock in this market. Update was underwhelming, but as others have suggested, not a disaster either.
I am hoping we see a range to trade and I am plumping for 70-80p, perhaps up to 85p even. It feels particularly appropriate to make such a gamble with this name :) GLA.
Some big buys coming through now
Yes the incremental growth has not been noticed by the headline sellers, think the market has picked this up now.
Genuinely tempted to buy in another £10k and hold until after Q1 update with Cheltenham behind them.
Think there could be a quick return to be made, and it would bring my average down to 71p if I bought in at 69 today.
I can completely understand the kneejerk reaction today to the announcement that revenue was down for the full year 2023.
BUT , this has been oversold ( which is common with this share, then it makes it's way back to the 90s / 100s pretty quickly)
THIS IS NOT NEW NEWS - Q3 update revenue was down 10%. Full year update revenue down 8%
Q4 PERFORMANCE was +5%.
If anything this shows that the first 3 quarters of 2023 were challenging, and the last 3 months have been positive in terms of performance. This coupled with the plans to make the business more profitable, and cut costs, and make this business primed for a takeover...I really can't understand the reaction??
Did Shareholders who sold this morning expect the trading update to show that Q4 completely recuperated all of the losses from the previous 3 quarters? Are people that naïve? Not very many businesses can achieve that in a quarter.
We had a real strong quarter, and plans for 2024 are positive.