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If this finishes green again for the 4th day running it will be a cracking week.....
Agreed happyzone, I think I pointed that out a few times as I couldn’t understand how the SP was dropping with the size of and value of the buys that we’re going through
Newbie, there were plenty of high volume trades last week... somebody knew something.
If you want some advice on investing £5, I think you should seek help elsewhere first!
If you mean £5k, yes, go for it. Should be plenty of legs on this one. Undervalued and takeover potential.
However what’s happening the large volume of really small value trades? What’s the benefit off that?
I think something has to be brewing behind the scenes …..it’s moving up steadily again day to day, and this is what happened back in July when there was serious interest in the company by FS gaming.
Can i have some advice on this share please, thinking of investing £5 do i?
Thanks Kula
So Entain are having to hand over significantly more than the current market cap of 888! Ouch!
Jeff
"When is the ruling on ent"
https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4431180&lang=en-GB&companycode=lu-gvc&v=newdesign
When is the ruling on ent
According to a person familiar with Playtech’s thinking, the idea would be to combine 888’s brands with Snaitech and divest the business-to-business unit.
In addition, Playtech is thought to have identified up to £170 million of cost savings.
Jefferies, which has a buy rating on 888, estimates the potential cost savings would add more than 20% to the combined companies’ EBITDA (earnings before interest, tax, depreciation, and amortisation).
Using Jefferies current EBITDA estimates implies a combined circa £780m for fiscal 2024 estimates comprised of £392 million for 888 and around £391 million for Playtech.
‘Note our estimates show net debt to EBITDA falling from 5.6x at the end of FY23E to 3.5x by the end of FY25E, mainly due to the growth of EBITDA associated with the benefits of the William Hill acquisition and integration,’ Jefferies added.
Following the profit warning on 28 September, 888 maintained its target of more than £2 billion of revenue in 2025 and earnings per share of 25p while reducing net debt to EBITDA to under 3.5 times.
As someone buying in the glory days upto the dizzy heights of nearly £5 and the majority of my holding in the £3 and £4 range I will be gutted, but also realise it will never hit those heights again after the suicidal purchase of Will Hill
@Scarfell, if nothing else supports my decision not to sell in Summertime but would like to get over 150 ASAP please…
Good Evening fellow Investors, been reading some of the titles and comments. Let us talk about facts and not hearsay. Tomorrow 5 December 2023 will be Entain court case with the HMRC fine being agreed. Then the Gambling Commission Review after this date should come swiftly. The outcome of the case should throw some light on FS Gaming if any charges are to be brought.
In June and July, DraftKings and PlayTech were interested in 888 Holdings at this time which we know of so far. Both parties can see the value of 888 Holdings with an Asset Portfolio more than its debt and Market cap presently. The board of 888 Holdings has given Guidance towards 2025 with Debt and Revenue projections which may or not be met in that time.
The Industry undergoing some changes with the White paper and Tax changes being considered for the industry as well. 888 Holdings is positioned to benefit and future bidders can see that with some research. 888 Holdings mobile may increase its position and Revenue by reports-
Internet Sports Betting Services Market to Witness Massive Growth by 2030
hxxps://salisburyandstonehenge.net/events/esports-and-traditional-sports-betting-market-global-report-bodog88-22bet-intertops-betonline/327050/
Autumn Statement Proposes Changes to Gambling Taxes
hxxps://igaming.news/news/2023-11-23/autumn-statement-proposes-changes-to-gambling-taxes
The consultation appears to be limited to remote gambling, which appears to be excellent news for betting shops and, of course, bookies.
The Licence as stated by the Board 2 months ago the GC Review will not impact the Licence. The Review is waiting on the Entain outcome and both HMRC and GC have been in contact through the process.
With the current issues with Gc, FS Gaming, DraftKings, and PlayTech it is safe to say 888 Holdings is interesting as a share holder.
But isn't leaking they're unhappy about not having a friendly takeover basically announcing they are making a move to takeover 888 (whichever way that might happen) and as such isn't the share price going to rocket on such news and defeating the object of trying to obtain enough shares on the cheap?
Alternatively, they have already obtained the cheap shares...and are waiting...
I and I suspect the majority of shareholders would be happy to take 156p. I appreciate the recent share price (around 80p) undervalues the company but if this is rejected (and no other bidders appear) it will be a very long time before it hits 156.
OK but when....?
Could we get back in the late 90s before Christmas? I think that would be a great result
When this share starts moving up, it gains traction quickly and moves up at a rapid pace.
Only have to look at the last time it dipped to the 70s how quickly it went back up over 100p.
So it is possible that the new CEO was privy to the T/O price of 156p. No wonder then, he has no hesitation in splashing £2mn. Then again Draft kings walked away after knowing the Gambling Commission review. This will be cleared soon, before the year end. We are in for some times ahead. GLA
It is highlighting the value others are seeing in the company and it would not surprise me if the FT has been tipped off that the companies are dusting down the plans for a swoop over Christmas before the debt gets under control.
Either way, undervalued and plenty of upside. Easy to see 130 from here and higher.
DYOR
Maybe this news being put out there now even though it happened back in July is a smart way of stabilising the share price and highlighting to new investors that this is a share that has potential for a takeover
The bid was rejected before the new CEO was appointed.
It's unbelievable that new CEO came in, and they turned this bid down....and after that he spent near £2m of his own money buying shares.
You'd have to imagine he feels that this business is worth more than the bid, and he is hoping to double his money.
I am a LTH and am struggling to understand how 5 month old news is generating so much interest.