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selling respin for zero basically. I guess Gary will be down 4p a share immediate upon his 15p conversion. maybe worse given the tax liability is more than half current market cap. and what about vuckley. has bought 0 shares and can't even get inspired gaming to get involved.
I'm really ****ed off. id prefer to see this at 1p so the board lose as well.
to ever get near break even. I wonder if nktn management are involved in some dodgy stuff. they've never listened to shareholders like me and the whole things a total mess constantly in need of money and funding.
of a rns. 3.6 million liability. half the market cap is potential debt. total t u r d from these burglars. I'm well underwater from 22 and 25p. a total farce and mess.
Placing at 15p, looks like this has turned the corner.
yeah the debt is ridiculous.
Another partnership announced.
Nektan seem to have dropped describing themselves as a white label provider - they are now a “fast growing, international gaming and technology services provider”.
They have doubled the number of games on their platform to over 800 (including some Nektan exclusives) within the past six months, plus added live casino. So along with their 152 B2C casinos, I suppose this is becoming an increasingly compelling option for the B2B segment.
Very high risk, but if you are looking for undiscovered potential 5-10, or more, baggers over the next few years, this could be one to consider (DYOR).
The issue is the debt isn’t it? Looks like they plan to clear some but not all, and the rest is due within a year. Surely there’s no way they can do the proposed share issue at 15p when the price is 11? That will need to come down. Otherwise trading seems fine
no one give a toss about this company
whole things a mess. used to be over £2
B2C bad, B2B very good - although from a low base.
Still saying the Respin sale is going ahead.
If they survive without too much dilution, perhaps over time they could consider developing one main bookmaking/casino B2C brand going forward.
no wonder we get zero interest from traders and investors
who cares they can't get the share price up. farcical. needs real help
New partnership announced today.
it could be a takeover target for playtech etc but firstly this placing needs to be complete. these used to be over 2 quid, and its struggled even with the amazing us sports betting laws to get over 35p whilst gan and webis saw major climbs.
so there is a serious problem here with the current holders, traders, outlook, pr here is awful. they keep doing deals with gaming companies that they never rns.
Fairly upbeat interview with Lucy Buckley on Directors Talk.
Daily supply of upbeat news on their Twitter account at the moment.
The B2C market in the U.K. may be about to be smashed up with heavy anti problem gambling legislation, but the B2B side is looking very exciting at the moment. - takeover target ?
arsed this up with the placing. this should be more than 40p now based off today's figures in my opinion. now they 'll have to finish the placing, sell Respin and then try and get themselves taken over at a higher sp.
10x average volume today.
huge deals with betvictor, moplay etc. Could see a huge rise 1 day ..
Online gaming firm 888 Holdings has signed its THIRD takeover deal in as many months, with the acquisition today of BetBright's sports betting platform. FTSE 250-listed 888 has been on an acquisition drive in recent months, taking total ownership of a US joint venture AAPN at the end of last year and buying up Costa Bingo for £18million in February.
takeover appetite out there for these sort of online gaming companies. Nektan got to be on someones radar.
Sending out a press release on February 19, 888 Holdings confirmed that an £18 million offer to take over the online bingo network was underway. The transaction will be settled in cash, £12 million of which will be paid on completion of the acquisition, with the final £6 million due in September 2019.
Natural Move for 888 Holdings
As per the terms of the agreement, 888 Holdings will take full control of the online bingo sites owned by Jet, removing them their current parent company, JPJ Group Plc. In practice, this means the operator will own a network of sites that include popular brands such as Costa Bingo and City Bingo.
According to 888 CEO Itai Pazner, the acquisition is a natural move in the current climate. Prior to the deal, Jet had worked with 888 subsidiary Dragonfish.
Essentially forming the backbone of Jet’s online bingo network, Dragonfish has been instrumental in the growth of sites such as Costa Bingo. With foundations already in place, 888 Holdings will now take full control of the assets and expand its own online business.
“The Group continues to deliver its stated strategy of expanding across global regulated markets. This expansion is underpinned by organic growth initiatives supported by exploring value-enhancing mergers and acquisitions,” Pazner said on February 19.
888’s decision to increase its online bingo interests comes at a time when its competitors are looking for ways to offset forthcoming changes to fixed odds betting terminal (FOBT). With the UK government pledging to cut the maximum FOBT stakes from £100 to £2 in April, operators are scrambling diversify.
Race for Online Dominance Prompts Bingo Push
William Hill has already announced that it will close 900 betting shops and increase its online provisions to offset any lost FOBT revenue. With other brands enhancing their casino platforms, 888 Holdings is taking a different route.
Although online bingo only accounts for a small percentage of remote betting revenue, gross gambling yield for all UK online gaming is £5.4 billion. In 2017, the UK Gambling Commission (UKGC) put the number of active online bingo players at 29 million.
For 888 Holdings, this is a market it can take control of. Even though it doesn’t have a presence on UK high streets, the online sector is set to become more competitive in the coming months.
With its sportsbook, poker and casino platforms already well-established, the latest acquisition will give 888 another revenue stream. What’s more, it should improve the company’s USP as its peers look to establish a greater foothold on
888 announces £15m acquisition of BetBright
by Luke Andrews, 8 March 2019
888 Group has acquired BetBright’s sports betting platform in a deal said to be worth £15m.
Analysts have commented on the seemingly low purchase price, despite big investment from BetBright in recent years. © Pexels.
That deal will see 888 take over BetBright’s technology and product development. BetBright’s office in Dublin will be integrated into the 888 operation.
The deal is another piece of 888’s puzzle in securing its long-term prospects, the third in a string of acquisitions, as the group looks to improve its standing in the highly competitive gambling market.
Towards that goal, the group have made a number of other recent acquisitions. Last month, the group bought a portfolio of bingo games from JPJ for £18m. Last year, 888 purchased the other half of the All American Poker Network for £22.3m.
Speaking about the deal, chief executive, Itai Pazner, said:
I seem to have got the wrong number
if you look at this industry takeovers very rarely for less than 100mill. now nktn would work with a big player who wants backwards integration so they can control the costs of the games. also at almost 100mill revenue nktn is taking sizeable chunk of market.