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Sidi
I think you mean PE instead of eps
Market Screener has GSK on a forecast PE of 10
And the forecast PE for AZN is far less than 58
Anyway I still say Entain is very overvalued when compared to 888
Entain forecast PE is about 15 and 888 forecast PE is about 3
How do you like that?
Lol Lol Lol
Does anyone know what the forecast eps may look like in 2027 ?
What is the turnover likely to be for the first year of full oil production?
I have also seen profits of £100 million mentioned for the first year of full oil production. Is this correct and is this the same figure that is being used for the eps calculation?
So if there are about 30 million shares then what will the forecast eps be in 2027 ?
And what is the forecast dividend for the first year of full oil production?
Can anyone explain where these very high share price valuations of £100 are coming from?
I have seen price targets of between £7 and £10 from brokers but this £100 valuation seems to be absurd
Just show the simple maths and valuation method for a £100 share price if possible
And if you can even show a working for £15 or £25 then that would also be interesting
As it stands now with the share price sinking toward to £2 a share price of £10 is looking impossible and even £5 seems to be far out of reach
Market cap is only $80 million
NAV is about $230 million
Bolt is about $100 million
Backblaze is about $30 million
Remaining holdings and cash is about $100 million
So the largest holding Bolt is more than the market cap
According to a person familiar with Playtech’s thinking, the idea would be to combine 888’s brands with Snaitech and divest the business-to-business unit.
In addition, Playtech is thought to have identified up to £170 million of cost savings.
Jefferies, which has a buy rating on 888, estimates the potential cost savings would add more than 20% to the combined companies’ EBITDA (earnings before interest, tax, depreciation, and amortisation).
Using Jefferies current EBITDA estimates implies a combined circa £780m for fiscal 2024 estimates comprised of £392 million for 888 and around £391 million for Playtech.
‘Note our estimates show net debt to EBITDA falling from 5.6x at the end of FY23E to 3.5x by the end of FY25E, mainly due to the growth of EBITDA associated with the benefits of the William Hill acquisition and integration,’ Jefferies added.
Following the profit warning on 28 September, 888 maintained its target of more than £2 billion of revenue in 2025 and earnings per share of 25p while reducing net debt to EBITDA to under 3.5 times.
An offer of just over £1.50 or £700 million was a bit insulting for William Hill which is perhaps the most famous name in gambling
Any bidder for 888 and William Hill will have to offer a minimum of 1x Revenue or £4 per share
With no news the sellers are in control here
There was no resistance at 60p and there will probably be no resistance at 50p
And now it has been thrown out of the FTSE 250 and so investors will continue to sell
Next stop 50p
Testacle
You only post on this site about 888 and you only post negative comments about 888
What is the point?
Most of the brokers and analysts who follow 888 and who do a lot of research on 888 do not share your negative views
Berenberg has a recent BUY rating for 888 and a Target Price of £1.90
And JP Morgan has a recent BUY rating for 888 and a Target Price of £1.50
Market Screener also has a forecast PE of 3 for 888
The Investors Chronicle has also recently pointed out that 888 is far less expensive than Entain
So no reason for you to keep posting the same nonsense
Growth or no growth
888 is extremely undervalued when compared to other gambling companies
And Fair value for 888 is well over £1.50
What will happen to the price of oil and JOG if there is a world recession?
What happens if there is another pandemic?
Oil price went below $20 during covid
Same thing will happen in the next pandemic that they keep telling us will happen soon
What will happen to the JOG price then?
It could easily fall to 50p or less
Most of their business is in Nigeria
What could possibly go wrong?
The whole thing looks like a Nigerian scam
https://www.ft.com/content/f07153bf-c4b3-4ff2-8dbe-93c0cc0ebad7
Entain is still very expensive in comparison to other gambling companies
A forward PE valuation of 18x compares unfavourably to the 7x PE valuation for 888 the owner of William Hill and the 10x PE valuation for Playtech
So Entain look quite overvalued when compared to 888 or Playtech
Would not be surprised to see Entain falling to about £5
https://www.investorschronicle.co.uk/news/2023/08/10/entain-hit-by-bribery-impairment-provision/
The problem with Entain is that the shares are still very expensive in comparison to other gambling companies
A forward PE valuation of 18x compares unfavourably to the 7x PE valuation for 888 the owner of William Hill and the 10x PE valuation for Playtech
So Entain look quite overvalued when compared to 888 or Playtech
Would not be surprised to see Entain falling to less than £6
https://www.investorschronicle.co.uk/news/2023/08/10/entain-hit-by-bribery-impairment-provision/
Fair value for CABP is probably about 40p
The eps estimate for this year is about 10p and if major banks like Barclays and NatWest are trading on a PE of only 4 then there is no reason why a bank that makes most of its revenue from Africa should be any higher than a PE of 4
And there is also a very large risk that these earnings of 10p are not even stable in future years
If competitors like Wise or any of the other big players were to enter the Africa market in a big way then these earnings of 10p would probably disappear
Fair value 40p
Would not be surprised to see Draftkings make a takeover bid here at about £3
They would be getting two of the leading brands in the gambling world for a very low price
Forecast eps for 888 is about 30p so it would still be a great bargain for Draftkings to get the William Hill and the 888 brands for only £3
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
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%