Member Info for chambersiain2

Fortunately here in the UK the board of Evoke will need at least 75% support from shareholders for any major disposal.  Any suitor knows this and will have to tempt the shareholders to relinquish at a valuation above their current market value and expectation.    I wouldn't be surprised to see anything between 50 to 100% premium on the current share price

Alboumphoto - I have made mention of the debt many times, its not the size of the debt that's the issue its the repayment terms - they are high. If a buy could wipe these out with a purchase of say £2.3B, then they would have a very profitable business. Right now the bond holders are the winners with a 10% coupon. This would be returned straight to the bottom line £500M for the business, £1.8B for the debt - yes long term shareholders get bummed but value seekers benefit. Go have a look at my posts - I'm very open about the debt. Its long term debt - not an issue for today - long term 2031 loan was renegotiated in Sept 2025. Like I said sentiment against this one at the moment, it will quickly turn when there is a buyer or a mitigation plan. 66 pence is my low end estimate, 110 pence my upper

Alboumphoto - I maybe a menace, but at least I read, think and articulate a joined up response. How on earth did you come up with a 40% swing in profits and how can you say with conviction that the UK punters won't shoulder the hit when the analysts have already crunched the numbers working on a 50% tax rate? I agreed £2.50 is probably unrealistic today but in 24 months maybe Today I'm confident that the price should be above 66 pence hence why I'm buying. I can, its a free market and will continue to do so. A bit like when silver was $9 in March 2020 and now trades at nearly $80 and similar to Rolls Royce, Marks and Spencers - the list goes on - find value that isn't realised and exploit the market. I made money on 888 when it was 20p and I will again.

Testacount - so you've admitted to yourself that this isn't a 40% swing across the group, and in your words its a 20% hit to the entire group?

A couple of facts that you might want to consider in your next round of calculations:

- UK Gaming equates to 30% of the groups revenues

- EY report explains clearly that all UK gaming companies will pass the tax onto punters. Currently the win rates are 96% set to fall to 92% due to this tax.

Any move to the black market will be closely monitored by the BGC and UK Gov - as this will impact their coffers (they can't get tax from dark-web operators). Will it impact UK gaming market potentially are the licensed UK gaming operators planning for it - hell yes. Was Per's RNS badly worded - yes^2 - does that make this an opportunity yes^3

The share price reflects sentiment not value - Fill Ya Boots

Your Xmas Day must have been a barrel of laughs Alboumphoto! Sentiment in general is what drives a share price, be greedy when those around you are fearful

Testacount - put the booze down. How can an increase in tax which effects roughly 30% of the business equate to a profit of 20% to a loss of 20%. The tax is only an increase of 20% which will get passed onto the client, where are you getting a swing of 40% across the group? I see little impact of the UK tax on Evoke - it will be mitigated by lower win rates for UK punters. It certainly doesn't reflect the current sentiment which gives the brave an edge. But if you can keep deramping then I appreciate it as it allows me to add more at a lower price - thank you and Merry Christmas to you all

Alboumphoto - that's the beauty of the markets - we all have different opinions of what makes up value - you pays your money and you takes your chance! In my experience overnight shifts in policy don't wipe out companies, they find ways through and make good of the situation. There's a myriad of customer value propositions that Evoke can deploy to mitigate the increase in UK gaming levees. I see strong upside potential either via, sale, partial disposal or going it alone - the business is profitable the loans need to be reduced. Any buyer who can remove the loans get a cash machine

Jimmy-P & Frankiethecabbie. The UK is a level playing field ALL gaming companies will have to pay the tax in the UK irrespective of jurisdiction. In theory this sounds as if the gaming companies will be hit, but in reality this is a tax passed onto the consumer by lower win rates. There are other ways that the gaming companies can skin this by opening up subscription models that are not hit by gambling levees and ask the punters to opt for different win rates based on the subscription they want to pay. There's always a way round these things when accountants and tax advisors put their heads together.

Poor poor Testacount66677. Let this be a lesson for all of you that taking drugs in the early ours of the morning is stupid and dangerous. A word to the wise - nothing good comes after midnight - those with sense are a sleep, those without tend to make fools of themselves.

- couple of points, yesterdays rise came about off the back of the UK Gov back-tracking on Farmer's IHT. This opens the door for them listening to public reaction. Per's seemingly poorly worded sell threat is the start of that PR push at government similar to tractors in Parliament Square.

- Rumours of Bet365 owners looking to exit at +£9 Billion, makes Evoke look cheap at £2.5 Billion.

- WarrenBJunior - your price target of 40/60p doesn't reflect the shareholder value Per's is looking for. They need to sell in the range of £300M to £500M plus debit (£1.8M) to gain something half respectable. Per's personally needs to be selling at the +£500M level to walk away above water.

Fill Ya Boots!!! Love this tree shaking picking up a multi bagger for a bargain price. Look at the trading data this is MMs pushing out the weak. When this turns it will be fast - 66p on the horizon

DJ - its long term debt, which on one hand is good as it gives the company time to work through its strategy and on the other hand isn't great because the prepayments are high. The size of the debt isn't too concerning given the assets they have. Its just a shame the interest rates agreed weren't lower. The sum of the parts is significantly greater than the debt, which leaves a tasty upside for investors. The markets are spooked by the words from the board - they obviously did this to force action from the gov or to put the wheels in motion for a sale. Long term (+£1.50) shareholders will be disappointed but those wanting to triple their money from here stand a good chance.

They won't be shouldering the full tax amount. Go read the EY report on increased gambling levees. Like I said in my original post it will be the putter that suffers as the tax is passed onto them with lower payout odds dropping from 96% to approximately just under 92%. This is a level playing field for all licensed online gaming gambling companies. What the UK Gov need to ensure is that this doesn't open the door to unregulated dark-web bookies. I'm fairly confident that the BGC are in direct talks now with the UK Gov about this. I see this as a great opportunity to get back into what was 888 with the extra assets of WH at a super low price - fill ya boots!

The debt are long-term loans stretching out to 2031(refinanced in September 2025). The assets if broken up will cover the debt and in my estimation an extra £300M worst case (£500M best case). That may suit some shareholders but not many as it will be below a £1 sale price, there is definitely a 300% premium to be had on this company if sold in full (66p worst case). The acquirer could wipe out the debt thus leaving a very tidy profit on a £1.9B investment. It could well go for more, upper band is £2.3B - circa £1.10 per share

My point exactly. The more scaremongering the better as the facts have not changed - its a good business but has too much debt that is being repaid at a high fee. The reduce the fee (not necessarily the debt) and suddenly its a very profitable business. The Gov might realise they will lose tax revenue to the darkweb and reduce gambling tax - that would have a significant impact on the stock and any sale value. I'm still expecting £2.3B (£500M plus debt) for a sale

Folks are getting too worried about Evoke which makes it an ideal pick up for a very decent return. A couple of facts:

1. There is no rush here, first loans are circa 2028 and most recent loan agreed goes out to 2031

2. All online gambling companies that operate in the UK will be hit by the same tax rises. Its a level playing field. At the moment winning odds are 96%. Unfortunately the customer will absorb most of the tax rise as the odds need to drop to 90% to buffer the increase.

3. An acquiring company could do nicely here is they could remove the debt. Its the cost of servicing the debt that's painful.

4. Per's was right to challenge the government with a tough stance, push us into a corner and we will come out fighting. The UK could be the home for online innovation, instead its pushing business into the hands of foreign investors.

5. Evoke's current investor line up could buy out the company.

My bet is £400-500M for the market capital along with £1.8B for the debt, for £2.3B you could have a very decent business with no debts.

Watch this space. Keep fighting Per's lots of upside from here.

Unfortunately we have to wait the administration process - which is a shame as we will have to wait until 2027 to declare the loss

I've taken a significant bath on this stock and having read the HMRC guidelines around reporting this as a capital loss it would appear we can now do so as the likelihood of anything coming back to shareholders is negligible. What are others doing here with regards reporting their loss?

Hello is this the Regant Pacific Group chat group once know as Plethora? If so does anyone know how to convert an old share certificate into an online certificate? thanks in advance

Meconopsis read my question again with the knowledge I am already at 45% tax payer with paper gains of £20K on Aviva. Also with the expectation that CGT will be equalised with income tax. Make sense now

Retrospective would be for the entire tax year which I see as highly unlikely, also from the date of budget will be difficult to administer, so most likely from next tax year (the simplest to administer and the cleanest option, also forces folks to realise gains prior). What are you thoughts about flipping the gains or staying out of the market?