not sure if it can be opened, but an FT article on how much sellers made from shorting UK gambling stocks this year and the only standout is losing on Evoke due the bid that was announced
Evoke is in the mess it is because it bought William Hill plain and simple - it was struggling under the debt before the gambling reforms and that just made it worse - there is no one else to blame apart from the previous board.
RE: 18th of may is the offer deadline15 May 2026 12:21
Is that a serious question, because out of the EBITDA came £250M in finance costs and gambling duties have just increased to wipe out a chunk of that EBITDA for 2026
RE: 18th of may is the offer deadline7 May 2026 10:43
Everyone is staying away because there is nothing left of Evoke - every penny earned not taken up by the new gambling taxes will be spent servicing interest on a debt pile that won't come down because there is no cash left to service the capital element. They can't do a rights issue to help cover it as the share price is in the gutter and the dilution to existing holders would be ridiculous. A very profitable company has been ruined by the ego's of the previous board.