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Hopefully Euro and Royal Ascot results go well for us. I know the Derby was bookie friendly, I done my coconuts.......
I can't see a reason for the drop from 450p to 369p at one point today. Can anyone enlighten me?? Maybe the bounce starts today?
Be interesting to see what happens next 6 or so weeks, updates from ENT and Flutter in April and 888 report in May. I think the market is expecting Q1 2021 to be better than Q4 2020.
Sports and Casino betting increase from Q3 to Q4 2020 were impressive for 888.
It will need someone more knowledgeable than me to answer some of your questions but there was rumours of Las Vegas Sands being interested in buying a European business. I think 888 are attractive as they have no shops, although that didn't affect W Hill.
There was some chat on 888 being interested in the Hills shops but to me that would be a massive negative and mean the owners won't sell. I guess the Shaked Brothers call the shots...All in my opinion!
I have over 50% of my portfolio in 888 and ENT - not very sensible really, its too much but I can't bring myself to sell.....by far my best shares and although I feel there's more to come, I am worried about getting burned. Probably reduce after the divi but 888 will remain my largest holding.
Yes I agree its an excellent company and brand but I am surprised at how quick its gone up. I was thinking of selling half my shares at 350p as I am to heavy, luckily decided to wait for the Divi first and then take some risk off the table!!
888 Weigh up a US Public Listing "(Bloomberg) -- Online gambling operator 888 Holdings Plc expects to explore ways to tap U.S. investors and the attractive valuations they bring, including a potential public offering, as the market becomes more important for the London-listed company. “There might be opportunities like that, to float, to re-float, to split out — there are many different structures,” Chief Executive Officer Itai Pazner said in an interview with Bloomberg News following strong full-year results on Thursday. “I assume down the line, we will consider different options as the U.S. becomes more meaningful, and definitely if it continues to trade at these kinds of multiples.” 888 is also looking for media and brand deals that could boost its U.S. presence, and the company would consider joining up with European operators as well as any takeover approaches it might receive, Pazner said. For now, the company is focused on expanding the business and doesn’t expect to make any immediate decisions, Pazner said. “We’re in contact with bankers and advisers, and there are many ideas that are floating out there,” he said. 888’s shares have risen nearly 400% in the last year as online gambling has surged in popularity, boosted by Covid-19 lockdowns. In the U.S., the industry is surging following the legalization of sports betting by the Supreme Court in 2018. That’s fueled a spate of trans-Atlantic deals in the sector. Ireland-based Flutter Entertainment Plc said this week it’s looking at options including an IPO for its U.S. business FanDuel Inc."