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Looking through your old posts, to be fair you were saying the same at 118p. I’m not currently invested here but I plan to buy (again) at some point.
Testaccount66677, why worry investors about your perceived lack of growth when the SP has dropped to low-80’s? Surely better to bring up these concerns when the SP was over 10% higher not so long ago.
Dude where is the growth coming from?
"Even if there is low or no growth", the company is actually declining top-line they have 2bn of debt. They massively overpaid for hills.
On the ft article, dudes, draft will lose 200m EBITDA this year. Just lol a freak show.
DraftKings walked away after Mendelsohn revealed in mid-July that the UK gambling regulator had placed 888’s licence under review over concerns about a longstanding tax bribery probe into GVC’s business dealings in Turkey during Alexander’s time as chief executive. Mendelsohn has since appointed former Fortuna chief executive Per Widerström as 888 chief executive.
a bid from draftkings would likely be a share for ************** at a huge premium to the current 888 price
draftkings is still making losses in the us and so they will be keen to use their very expensive shares to buy up very inexpensive and highly profitable gambling assets in the uk and europe
draftkings shares are over £25 now
i would not be surprised to see a future bid at 1 draftkings share for 5 shares in 888
that would value any future draftkings bid for 888 at about £5
Hopefully we can get back to the right side of the 90s again over the next few weeks.
The last time this share dropped to 79p, it rose back to 132p very quickly...........the decline was then pretty swift.....but hopefully we can climb again slowly to where we should be.
Https://www.ft.com/content/39b57820-1eba-45f6-8bb5-c750a8acbd6a
Article link.
150p would be low ball
Yea....are you able to estimate that?
Metrics Man - roughly what would that look like as an SP price? Do you have any idea?
It does sound like some people thought the takeover had a good chance of happening when FS gaming were involved, and that's why it reached 132p.
I think the Directors all believe that eventually this business may be the recipient of a takeover bid, and that's why they had their money invested at anywhere between 80p to 95p a share.
They will be hoping that any takeover would at be a considerably higher SP than that.
Testaccount
You keep saying that 888 has no growth but William Hill is the second largest bookmaker in the UK by Revenue and the share price is on a forecast PE of about 2 or 3
The share price is therefore hugely undervalued and so it could easily rise to £2 and it would still be very undervalued
If a share is trading on a forecast PE of 2 or 3 then it is undervalued
And even if it has low growth or no growth the share price can still rise by 200% or 300%
SP was right at 119 at that specific point in time and I was responding to certain posts by lunatics who thought there was still growth to come from there.
I never said this was the right price in the medium or long period. In fact, as you admitted I said no matter what the debt is or their synergies will be, their main strugge is and remain GROWTH.
Now the market understands the challenge. In my view, the company AS IS it's done, no top line growth will make things worse and god forbid they don't mess with synergies.
Is this 888 end? Not anytime soon but it will get worse. My guess
I did read your posts....and yes you did say they would struggle with growth, and you may be right for a period of time.
But significant Directors buy ins, and an attempted takeover bid recently, along with Analysts forecasting SPs in the mid 100s, would suggest a lot of people smarter than you and I still think this company has potential to grow. You also came out with the dramatization yesterday of " the company is done"
And you said in your first post 119p is the correct price for this share.
IF that is the case, then there is great potential for growth in the SP from 82p to 119p ( I'd take that investment any day of the week)
So which one are you right on? the company is done? or the share price was correct at 119p?
I'll take your posts with a pinch of salt, as there seems to be quite a few throw away comments in there. Whether it is an attempt at de-ramping , or you jus like dramatic posts, who knows.
Good luck with your investments. I really do hope you are successful. And I do hope you are right that the SP was correct at 119p as I will have made around 60% profit if we get back there.
Read again my posts. i always said they will struggle with growth and this is the case.
newbie indeed
Trouts - its unbelievable some of the things people spout on here.
They expect their over reaction posts to immediately pull back the SP as they have probably took a short position.
It's a very strange way of de-ramping, as I don't think it will have an impact on the directors who are purchasing millions of £s worth of shares in the company.
Yes this share has been frustrating since it hit a high of 132p recently, however there seems to be reasons behind this.
If you look back at Testaccounts first post about 88 he said the SP was correct at around 119p. lol now hes saying their closing the doors.
One the main reasons for resistance in bookmakers SP prices at the minute is probably the plans from the Govt to introduce blanket affordability checks across the board.
There is a significant objection to this in the form or a petition.
Once the outcome of this is determined it will tell a tale, but I'd imagine this has been built into the dip recently, along with the shortcomings on quarterly results.
Lol... Did you even read what you just copied and pasted? They are "temporarily pausing" welcome offers in the UK. That is not the same as "stopping activities" as you say in your click-baity heading!
This testaccount is done!
Here you go: 888 is stopping Mr Green, see the communication sent to all affiliates below.
this company is done.
Dear Affiliate,
We have decided to temporarily pause all welcome offers in the United Kingdom for Mr Green ONLY.
These changes will take effect on Wednesday, 8th November 2023.
What do you need to do?
From Wednesday 8th November ALL our Mr Green UK links and banners will redirected to the Mr Green homepage, therefore, we ask you to remove all Mr Green UK offers, as soon as possible but no later than Wednesday 8th November 2023 at 10am.
Thank you for your cooperation. If you have any questions, please contact Affiliate Support or your Affiliate Manager – they will be happy to help.
Affiliates Support team:
888 William Hill - affiliates-support@williamhill.com
Mr Green - affiliates@mrgreen.com
Obviously the short from Marshall Wace is having an impact. I understand South Korea has put a temporary ban on short selling until June 2024. Their markets are now performing significantly better as a consequence. I would ban short selling.
My song to gambling is short not long.
Gambling destroys , few know what is going on.
Starting to add back sales. See reports re Entain stakebuilding - only a matter of time here too. DYOR GL
When I receive Dividends from shares I just purchase physical gold presently. Equities are a minefield with interest rates being as high as they are now.
Marshall Wace is right and J.P. Morgan got it wrong.
Few know, most guess and sing a song.
Marshall Wace have actually gone under the 0.5% threshold and may have closed out their short completely as per Research Tree. You guys should be nowhere near the stock market. Roll on 150p!!
That is interesting. Could see -30% or more if MW are involved… Glad I’m out of this now.