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SMALL-CAP WINNERS & LOSERS: 888 soars on backing from ex-GVC directors

Wed, 07th Jun 2023 10:18

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

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SMALL-CAP - WINNERS

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888 Holdings PLC, up 20% at 96.1 pence, 12-month range 50.5p-207.8p. Late Tuesday, the William Hill owner revealed FS Gaming Investments LLC has taken a 6.6% stake in the firm. FS Investments is backed by Kenny Alexander, Lee Feldman and Shay Segev. Alexander was formerly chief executive of GVC Holdings PLC, the Ladbrokes and Coral owner now known as Entain PLC. Alexander was replaced by Segev, who then stepped down as CEO in January 2021 to head up sports streaming platform DAZN. Feldman was formerly chair of GVC, departing in February 2020. A spokesperson of 888 tells Alliance News on Wednesday: "We welcome the investment of FS Gaming which we believe reflects the significant value creation potential in our business."

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James Fisher & Sons PLC, up 3.2% at 390.00p, 12-month range 241.00p-415.50p. The provider of specialist services to the marine, oil and gas and other industries completes its refinancing, with a new GBP210 million revolving credit facility. The RCF is provided by six existing lenders, and matures in March 2025." The new RCF provides a solid financial base from which we can continue to execute the transformation strategy," says CEO Jean Vernet.

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SMALL-CAP - LOSERS

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Residential Secure Income PLC, down 2.5% at 70.4p, 12-month range 59.2p-117.5p. The Bristol-based real estate investment fund focused on independent retirement living and shared ownership says its net asset value per share 17% to 90.0p at the end of March, from 108.8p six months before, amid volatility in the property market. Also notes its shares trade at a "significant" discount to its NAV. "This is particularly disappointing given the scale of investment opportunities now available," it says.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Oct 2023 17:13

IN BRIEF: 888 CEO Per Widerstrom buys GB950,000 in shares

888 Holdings PLC - Gibraltar-based betting operator, which owns the William Hill and Mr Green brands - Chief Executive Officer Per Widerstrom buys 1.1 million shares at 84.3 pence each, worth GBP948,829, in London on Friday. Widerstrom is now interested in 2.0 million shares.

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18 Oct 2023 09:38

888 Holdings revenue down, new CEO notes clear room for improvement

(Alliance News) - 888 Holdings PLC on Wednesday said revenue decreased 10% in its latest quarter despite continued strong customer engagement and underlying trading.

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888 Q3 revenues slump amid regulatory changes

(Sharecast News) - William Hill and Mr Green owner 888 posted a slump in third-quarter revenues on Wednesday as it took a hit from new gambling regulations and customer-friendly results.

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IN BRIEF: 888 confirms Per Widerstrom starts as new chief executive

888 Holdings PLC - Gibraltar-based betting operator, which owns the William Hill and Mr Green brands - Confirms Per Widerstrom has taken up his role as chief executive officer, as planned. 888 says Jonathan Mendelsohn has returned to his position as non-executive chair, having acted as executive chair since January 30. Widerstrom was most recently CEO of Fortuna Entertainment Group, a betting and gaming firm in central and eastern Europe.

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LONDON BRIEFING: Hipgnosis pulls interim dividend on lower royalties

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Entain and 888 worth a buy after recent falls, says JP Morgan

(Sharecast News) - JP Morgan has reiterated its 'overweight' ratings on UK-listed gambling stocks Entain and 888, saying that gaming remains its preferred sub-sector within the leisure industry right now.

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LONDON BROKER RATINGS: Goldman likes Relx; Jefferies likes Aviva

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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3 Oct 2023 09:35

LONDON BROKER RATINGS: UBS cuts Burberry; JPMorgan likes EnQuest

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

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

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London close: Stocks mixed as interest rate concerns simmer

(Sharecast News) - London stocks finished with a varied performance on Thursday as investors pored over the latest US jobless claims data, with underlying anxieties regarding interest rates still bubbling away.

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TOP NEWS: William Hill owner 888 slumps on earnings warning

(Alliance News) - 888 Holdings PLC shares dropped on Thursday, after it announced that its performance so far in 2023 has been "mixed" and warned of a hit to its earnings.

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LONDON MARKET OPEN: Stocks red; elevated oil prices bolster rate fears

(Alliance News) - Stock prices in London opened lower on Thursday as worries around the ailing Chinese property sector and the growing likelihood of interest rates remaining higher for longer weighed on market mood for yet another day.

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LONDON BRIEFING: William Hill-owner 888 expects drop in annual revenue

(Alliance News) - Stocks in London were called flat on Thursday as markets grappled with a deepening property crisis in China and the prospect of interest rates staying higher for longer.

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28 Sep 2023 07:22

888 Holdings trims full-year guidance after weaker third quarter

(Sharecast News) - William Hill owner 888 Holdings lowered its earnings guidance for the full financial year on Thursday after a weaker-than-expected third quarter.

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LONDON MARKET CLOSE: FTSE 100 down amid China worries

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