Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks888 Holdings Share News (888)

Share Price Information for 888 Holdings (888)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 86.45
Bid: 75.85
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 10.95 (14.436%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 86.45
888 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

JPMorgan upgrades Ladbrokes owner Entain, downgrades 888

Tue, 30th Mar 2021 11:03

(Sharecast News) - JPMorgan Cazenove upgraded Ladbrokes owner Entain on Tuesday and downgraded 888 Holdings as it took a look at the onling gaming sector.
The bank upgraded Entain to 'overweight' from 'neutral' and lifted the price target to 1,852p from 1,628p given that its non-US assets now trade at a discount to 888, and a substantial discount to those of neutral-rated Flutter Entertainment, while it still offers optionality should JPM's US total addressable market prove conservative (TAM).

"Our US TAM of $14bn in 2025E (versus circa $3-4bn in 2020) would suggest US valuations of c£12bn for Flutter and c£3bn for Entain (50% of BetMGM), and would imply their non-US assets are trading on 14.4x and 9.6x 2021E EBITDA, respectively, vs 11.2x for 888, a digital pureplay.

"If Flutter and Entain are correct in their suggestion of a c$20bn US TAM, then we estimate that Entain would offer 36% upside and Flutter 21% - Flutter's non-US assets would continue to trade on a small premium to 888 (ex-US losses)."

The bank downgraded 888 to 'neutral' from 'overweight' after the share price reached its target price following substantial outperformance.
More News
10 May 2023 10:15

SMALL-CAP WINNERS & LOSERS: Capita counts costs of cyber attack

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
5 May 2023 10:06

LONDON BROKER RATINGS: Redburn cuts Flutter; Stifel likes IMI

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
27 Apr 2023 16:15

UPDATE: Flutter says UK measures may hit revenue by GBP100 million

(Alliance News) - Flutter Entertainment PLC said a long-awaited gambling act review in the UK is "important and necessary" for the industry, which has come under greater regulatory scrutiny.

Read more
27 Apr 2023 12:37

UK govt finally publishes gambling review

(Sharecast News) - The UK government's long-awaited and much-delayed gambling review was finally published on Thursday as it sought to replace outdated legislation drawn up before the proliferation of betting apps on mobile phones.

Read more
27 Apr 2023 12:34

UPDATE: Gambling firms to face compulsory levy in UK white paper plans

(Alliance News) - Gambling companies in the UK are to be forced to step up checks on punters "to better protect even those unable to afford small losses" under plans to tackle addiction in the biggest shake-up of the industry's regulations in 15 years.

Read more
27 Apr 2023 09:56

SMALL-CAP WINNERS & LOSERS: Petrofac shares fall as annual loss widens

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
27 Apr 2023 08:46

UK government proposals on gambling finally expected to be published

(Alliance News) - The long-awaited gambling white paper setting out UK government proposals to make regulation of the sector "fit for the digital age" is expected to be published on Thursday.

Read more
19 Apr 2023 14:01

DIRECTOR DEALINGS: 888 Non-Exec Ori Shaked buys 260,000 shares

(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
17 Apr 2023 13:59

DIRECTOR DEALINGS: 888 Chair Jon Mendelsohn buys 100,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:

Read more
17 Apr 2023 10:23

SMALL-CAP WINNERS & LOSERS: De La Rue chair resigns after pressure

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
14 Apr 2023 17:29

FTSE 100 ends higher on bank boost; Dechra shines

Banks hit one-month high

*

Read more
14 Apr 2023 16:55

LONDON MARKET CLOSE: Stocks upbeat on hopes of pause to US rate rises

(Alliance News) - Stocks in London ended a shorter week in the green on Friday, as investors became increasingly confident that the US Federal Reserve will soon call time on its hiking cycle.

Read more
14 Apr 2023 12:01

LONDON MARKET MIDDAY: Sterling tops USD1.25 on hope of peak Fed rates

(Alliance News) - Stock prices in London were in the green at midday on Friday, while sterling hit a 10-month-high against the dollar, as investors predict the Federal Reserve's rate rise cycle may soon come to an end.

Read more
14 Apr 2023 10:28

SMALL-CAP WINNERS & LOSERS: AO World expects top end of Ebitda range

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more
14 Apr 2023 09:55

888 Holdings shares up despite swing to annual loss; revenue jumps

(Alliance News) - 888 Holdings PLC on Friday reported a double-digit rise in its annual revenue but suffered a swing to loss due to exceptional costs.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.