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97 to buy. Bargain
Could we get there before the new year?
Too taxing over the festive period :)
HOWEVER IT WAS A £3 MILLION BUY - shout it from the rooftops.
Just rounded, when there was the 7mil UT the other day it was the same.
Can someone help me with the maths on that £3m buy.
I calculate the sp @ £1.014 if you divide the quantity by £3m.
Patrick - yea just seen this....near £3m at 94p......that's massive.
In fairness a lot of directors have huge investments in this share, anywhere from 80p to 105p..........and this £3m buy also provides me with huge confidence that something is going on behind the scenes.
Agree with Patrick. Will retest the 120p in the NY. As the debt becomes more manageable theis would seem to be in play.
Also seems to be a daily shake to entice PI sellers. Someone is hoovering up the stock at these levels.
Always on BID alert with this one.
The volume after hours relates to the closing auction. They are matched trades. These are people with direct market access, professional brokers.
In terms of why it then drops off, just the pattern of this share.
Recent large buy has just gone through at a recent high. 94p. This just seems an obvious ruse beyond 120p into the NY
Hi Mary,
Hope you are well and looking forward to Christmas.
I'm keen to know if you have any insight into the daily movements of the SP, and the large buys occurring every evening?
Do you have any idea why we open at least 3-4p higher every morning, then instantly drop off, and slowly regain a little bit every afternoon?
I've watched this share for a long time through highs of 125 to lows of 69, and it consistently has huge volume buys after 4.30pm.
But why does it drop from the higher opening point every day? Even yesterday it opened around 93p then went down to 88 and went back up to 93 mid afternoon and finished on 90.7.
I'm not complaining as it's been a steady rise again from 69p, but I'd love to have some understanding of the daily fluctuations.
Perhaps it could be much higher.
https://www.cityam.com/private-equity-firms-line-up-london-lawyers-ahead-of-deals-frenzy/
Really hoping this can keep pushing north of 90p and stay there before Christmas?
Is there a concrete date set for the review outcome?
Once it has been concluded you would imagine 100+ might be achieved again pretty quickly
Every morning over the last 3-4 days trading this SP is having a significant rise, and then comes back down to just a little rise each day.
Some of days it has reached as high as 93p which is some difference to the 69p it was a couple of weeks ago.
Why does it always come back again from the initial significant rise each day?
Shorts up again to 2.43%.... but the below is interesting.. battle of Bulls and Bears here..
"The consultation includes a proposal for determining the starting point for the penal element of the penalty by reference to the seriousness of the breach and a percentage of gross gambling yield or equivalent income generated during the period of the breach. In addition, the consultation will also look at financial key event reporting. The commission has rules in place so that licensees provide it with relevant information about ownership, finances and interests. The commission proposes amendments to these rules to take account of the increase in complexity of mergers and acquisitions, and the increased globalisation of gambling.
Trying to push on and up - great support
The momentum is up towards 130p and then some with interest rates peaking the WH debt mountain is earier to service.
Should be £3-£4 a share not 89p.
HOLD4GOLD
Don’t miss out
75% of christmasses between 15 Dec to 4 Jan up
JPM put Primark, Next, and Kingfisher on Negative Catalyst Watch Watch in October 2023. When they did the share price went up over 2 weeks on these companies.
Catalyst Watch’ is a short-term conviction indicator that JPM analysts can apply to a stock in their coverage into a specific event to articulate short-term positivity or caution based on near-term fundamentals.
The wording is short-term, meaning a day/week/ month at best. I must say Morgan Stanley and JPM hold most of the Bonds on 888 Holdings. XXX Accountant may be on to something with DraftKings ETC. If the GC just announces end of the review bids to follow. FS Gaming and HMRC have no news on the Bribery but soon. I think GC Review and FS Gaming linked
Regular heavy volume in the afternoons. Good exchange rate for US buyers. Draftkings, BetMGM, FS Gaming and others all looking at UK targets. Get some regulation settlement and the M&A market could really kick off
Won’t be long before these surface again
I’m surprised we’re not up more today. Debt finance costs were holding us back, if US cuts rates and we follow suit it will be a very positive catalyst for us again, back up to £1.30-£1.50 with an glimmer of a cut
Let’s see what the ECB say today. No conf from BoE but more info from the Fed.
Low volumes over Christmas, expect a Santa rally on this board with such a low market cap
Presume the imminent arrival of the final gambling commisssion recommendations.
Could be positive too
What does this mean? Does this mean they are watching out for a a negative catalyst, or they are highlighting what’s previously happened?
And why did the share price react positively?
Has anyone else noticed the volume and price action generally comes after noon? Could point to where the interest is coming from.
Trading Announcement 14-Jan-2021
Trading Announcement 18-Jan-2022
Trading Announcement 13-Jan-2023
so Trading Announcement ??-Jan-2024
I am hoping so too although shorts on the rise again end of last week! I am long FYI
Personally would prefer to watch the debt drop at time goes by and the benefits of the merger to filter through, as it appears to be firmly on this track.
Gut feeling is that there are many suitors lining up and the bidder may return before 888 recovery gets too much steam.
Trajectory upwards is the trend.