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You are right
I think one key difference between WMH and 888 (I hold both) is that 888 is still partly owned by the founders which means they have more of a say in what happens in terms of a takeover. Means we're somewhat beholden to them but I think I prefer that to WMH where it seems a great CEO / BOD have either sold us down the river or made a mistake in signing an exclusive deal with Caesars which means that unless you sell to them the value of your company is worth less than with them meaning they have you by the balls. If I was WMH I'd consider rebuffing Caesars, splitting the US and RoW businesses and then sell the US business to Caesars for the same money as they're offering now...........
Anyway as for 888 I'm out at £3.......
stock 888
888
https://cube.investments/cube-midcap-report-30-sep-2020/
888 broker upgrades......
888 Holdings Plc : Canaccord Genuity raises target price to 365p from 284p *
888 Holdings Plc : Peel Hunt raises target price to 300p from 250p
Mike that statement is so wrong !!!
Read the results of 888 and tell me you wouldn’t be interested in them
The company is still underpriced at these levels
888 does not have the level of USA operations that WMH has.
Caesars and the like are not interested in UK operations.
888 is only worth 1/3 of William Hill. You need to compare market cap; not s/p.
IIRC, during the last round of take-over speculation (a few years ago now) the BoD said they saw intrinsic value beyond £3 p/share. As a holder since 2006, I'm happy to sit & take divis. This is an absolutely rock-solid company which has proven that it can not only survive in the most difficult of environments, but it can THRIVE. When we hit £4 p/share (& I accept that maybe some way off) I'll re-evaluate my position.
Plan B would involve selling some in advance of a global market crash (which I believe is on the cards) with a view to buying back cheaper.
Work it out for your self do you think 888 is worth more than wmh is , like I said money talks and is all iam saying wmh went to 312 , and sold for 272 is the same happening here , if it looks to good it probably is ?
So what is the consensus of the limit here given WMH was get out above £3
Two broker upgrades today as well. As usual, they're playing catch-up (rolls eyes).
It’s taking the same rise as wmh , money talks , look very closely
Take over ? It may well already b happening, and it may already b above take over price??
I posted some months ago on Williamhills lse page that they would be the subject of a takeover deal, now I strongly believe 888 will follow suit within the coming weeks ... definitely a strong buy