Member Info for CJ39

We will get a half yearly report/update on Thursday, we’ve been waiting so long for some news.

What % chance do you give that we will be happy with the update - as in it will be a proper update with good news that will make the share price increase to at least 0.8p?

I believe the chance we’ll be happy with the update as being 15%. I am expecting a very vague and wishy washy update - they’ll say less than 10 words on Stalicla ‘constructive talks remain on-going with Stalicla’. I bet they will also write ‘it has been a transformative year’ - more nonsense like that.

I know what you are saying showjumper but there is a half year update on Thursday, it will be the first update in ages. I believe this is make or break update. It needs to be positive and have some meat on the bones. If it’s vague and with no substance you can safely give up on this. We need news and developments now, it can’t continue like this for much longer.

Next week’s update really is make or break. If all we get is the same wishy washy update like in the final results then we can be sure nothing is going to happen anytime soon. This update needs to be really positive with some news that will make a difference. We also need a proper update on Stalicla and what is going on, I don’t want to see ‘talks are on-going’.

It is incredible value if they can stop the losses. They are saddled with so much debt which is costing a fortune. If Evoke can just break even after making repayments and covering interest then this will be brilliant and the long term share price target will be over £3 easily. But if they keep posting losses and the debt increases then this share is in a dire situation.

The William Hill acquisition was just a terrible piece of business. Not only was it not worth anything like £2.2bn but it’s a betting company which trades predominantly in the UK which is such a tough market and the betting shops are a liability. It’s such a shame as 888 were going along just fine beforehand, posting healthy profits which they should have used on marketing and growing themselves.

Is this share going to turn around or is it only heading to failure?

I am invested here, not a large holding but my gut feeling is that this is only heading to failure. I’m only invested now in fear of missing out if the Stalicla deal turns around but I just don’t see that coming good.

My worry with this share is that the cash reserves are running lower and lower, there is no income stream. I hope we don’t see a share consolidation and then a further placing, that would be the biggest insult.

I’m not surprised this is heading down again. We saw a big rise after the budget when gambling stocks were not penalised as expected but the increase in minimum wage and increase in employers NI contributions will hurt Evoke when they are desperately trying to find a way to break even after finance costs and paying off debt. We really need to see results to get a clearer picture if Evoke are turning things around. However,

I bet with William Hill and they have recently really restricted their promotions which I think is a risky strategy, there are other bookmakers who are giving so much more to punters. I am also having a very decent football season on the betting, customer friendly results will be a problem to Evoke. I don’t believe they are turning this around enough to stop the losses.

LWHL, I’ve heard that TCF have said that they are funded until end of 2025 but I am not sure how. At 31/03/2024 they had £2m plus £900k from the share placing. Not sure how £2.9m would last 21 months.

Has there ever been a more important results for EVG/TCF than this one? They need to give a proper update on Stalicla, not some wishy washy ‘constructive talks are on-going’. It’s crazy how little news there has been in the last 6 months. If there is nothing positive to report this is as good as finished.

How do Showjumper. Nice to see a few familiar posters on here in the last week. It has gone very quiet here but not a surprise given so little news and the share price collapsing.

I’m back invested here, only hold 200,000 shares, I don’t feel confident about this share but it’s more of a fear of missing out. It is really cheap right now, especially if it’s true that they are fully funded for another year.

I wish the board would update us on Stalicla, I feel it’s really poor that they haven’t. It’s over 9 months since the dispute notice was issued and the board seem to think that they were due a milestone payment 15 months ago. Originally the guidance was $6m to be received by end of 2023.

It’s crazy how little news there has been here with SFX-01, Stalicla and the newly acquired company. Surely there has to be some news soon. Good positive news could send this share price to 2p quite easily so it is tempting. Would be nice to see more people writing here.

A new all time low. What happened to Huw and the finance guy saying they wanted to get shareholder value and some returns for the shareholders? We haven’t had a RNS since August and basically no news since EVG became TCF 7 months ago. It’s 9 months this week since the dispute notice was issued and we’ve had no update since. This share is such a huge disappointment.

I read posters saying it’s a waiting game - we can’t wait forever. Apparently EVG/TCF were due $500k in August 2023.

What happened to TCF looking for private investment? Nothing.

This share has been a disaster and it’s mind boggling that some seem to have faith that it will come good.

What is the point risking your money in shares when you have to pay 18% - 24% tax on your profits?

I don’t see any point investing in Aviva. If you buy in at this price you may make a 10% increase in share price, you may make about 6% interest in terms of the main dividend but you’re risking your money in the markets and paying around 20% tax on it. You’d be far better off sticking it in a high interest ISA.

The board well and truly messed up here, the total incompetence and cluelessness in paying £2,000,0000,000 for William Hill minus their US operations defies belief. The UK betting market is really tough with so many competitors and our nanny state throwing constant hurdles in the way.

They have saddled the company with enormous debt and the interest costs are just enormous, it’s no wonder the company reported annual loss of £142m back in August. They have no chance of breaking even after finance costs. I have noticed on William hill that the promotions have been massively scaled back. It’s a risky game to do that as there are plenty of other bookies that offer promotions to attract customers.

Evoke should have never have acquired WH, they were making nice profits each year which they could have used on marketing to grow the company.

I still see Evoke as having a negative outlook but the potential is big if they can get the company can break even after reducing debt and paying off interest.

It was 2 years ago last weekend that Evgen announced the Stalicla deal. I am sure many of us bought in here on the back of that news thinking this was going to be a real money spinner. Who would have predicted two years down the line that the share price would be 0.6p?

It really has been a horrific two years. Everything has gone so quiet, we have not had a single update of what’s going on. The £1m TCF paid to acquire the new company looks just bizarre, we’ve not heard anything about that new arm of the company.

Where is everyone? Has everyone given up here?

I think we will get a 6 monthly update in the next fortnight but will there be anything to even report?

I love gambling stocks because we have so much more idea of what’s going on unlike many companies. But I am really unhappy by how much gambling stocks are continually punished from the leftist nanny states in Europe and America. Some States in America who have legalised gambling are imposing enormous taxes on gambling firms and gambling firms are forever having to bend over backwards to try and protect problem gamblers.

I was dreading what Labour would have planned for the gambling sector.

It is no surprise Labour have seen an opportunity to target gambling companies for more taxes because they are obsessed with raising taxes to pay for the billions of pounds to provide for out of control number of ‘asylum seekers’ and people on benefits, despite in their election campaign saying they would only add VAT on private school placements. If Labour impose higher CGT then what is the point in even investing in shares?

I do fear for the likes of Evoke and Entain whose business is mainly in the UK, the market conditions are awful here. All betting companies should try to look outside of the UK for growth.

Mr Bombastic, I get that there are people like you who like a nanny state telling you what you can and cannot do, what you can and cannot say. You are too far gone to realise that the freedoms we should all be able to enjoy are being taken away from us by a state that wants to control us.

I knew this share price had no chance of staying above £5. Anyone who was buying in at that price has no idea how this share operates. We seemed to be at an average of 440p for years, with the pull being towards the down side of 440p. The last year the results have been excellent and the share price rightly reset to an average of around 485p. But if the share price fell to 460p would that be a good buy in price? It’s debatable. The dividends are decent but not much better than a 100% safe high interest savings account. At 460p the most you’re likely to make in terms of increase in share price is 10% but there is always the risk of the markets tanking, there is so much crap happening in the world, I don’t feel comfortable having a lot of money in the markets at present, especially with the FTSE100 trading so high. Next dividend qualifying date is ages away now. I’ll keep watching, 440p would be worth buying in or if the FTSE100 drops below 8000 points.

We won’t get the Stalicla dispute resolved in the next 6 months. I would bet that come April 1st 2025 we still haven’t had the Stalicla dispute resolved.

I’ve started warming to you investor. This is what I like about you - always guaranteed a laugh. A ten bagger wouldn’t surprise you? This is comedy gold, I’m enjoying your banter.

If the deramper comment was aimed at me then you are wrong. I’m not a deramper, I’m totally impartial. If the cash runway does keep the company running for around another 15 months that’s encouraging. There will be a half yearly update in October so that should be useful.

Don’t sell out too soon here. This was over £11 a share a year ago and things are looking a lot more promising recently, it simply has to get past £8 this month.

Monday marked 7 months since TCF/EVG issued the dispute notice to Stalicla. Do you think it’s acceptable that they have not updated shareholders about what is going on here? After all it’s the shareholders who own and fund the company.

The board here believed that they fulfilled the criteria for the $500k milestone payment over a year ago now. After almost two years since the deal was signed only $500k of the $163m has been received. I do wonder how legitimate this deal really is, it does not seem like Stalicla could ever afford to pay $163m plus royalties and why would they when surely they could just buy TCF out if they wanted SFX-01? The market cap here is currently £3m. I personally feel like the only possible positive outcome here now is if Stalicla try to buy out TCF, it could well happen if SFX-01 is deemed effective to their projects.

I do feel like people who are invested here have been really unlucky. This share looked so promising two years ago, they signed a deal worth $163m, they had £10m in the bank and advised they would receive $6m by end of 2023. They had the Juvenesense deal. They had many workstreams for SFX-01. They were trying to sign up more deals for SFX-01 and were trying to get big pharmas to trial SFX-01 for them.

Absolutely everything has gone against them. I remember saying I wish I could see into the future to see how this share pans out, I never expected this two years ago. I hope something positive happens over the coming months but with money running out it’s starting to look very concerning here.