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see advfn thread.
This morning. Big rerate coming now.
Now the white paper is out and nothing really to worry about. 888 can start to power forward. Ridiculously cheap currently.
It’s gonna re rate big time now. Yes a lot of debt but it was loaded for a huge acquisition it’s not just been ****ed up the wall. This is gonna bag very quickly imo. Too cheap.
Based on the contents I think 100p will be back very soon.
Uncertainty off the table now and the white paper is as good as the bookies could have dreamt of.
The Betting and Gaming Council Chief Executive Michael Dugher told the BBC they have worked closely with government.
"We want to see balanced, proportionate and effective reforms... whilst not spoiling the enjoyment of the overwhelming majority who bet perfectly safely and responsibly.
"Changes should also help to protect jobs and the economic contribution made by the world-leading UK regulated industry".
Announcement formally is coming today.
https://www.proactiveinvestors.co.uk/companies/news/1013361/gambling-white-paper-leak-sparks-muted-reaction-among-listed-bookies-1013361.html
Britain’s long-awaited gambling white paper is expected to be released tomorrow, with the implications for bookmakers not as severe as feared according to analysts.
Good. Some leaks coming now and it looks about as good as they could have wished for!
The equity valuation here is so low, its such a minor piece of the jigsaw that in my eyes the risk is to the shorts, because the upside here could be tremendous. The downside from these levels is minimal. The pound of flesh has well and truly been had.
Lol at some of the comments. These comments were made last week!
Petrofac will publish its financial results for the year ended 31 December 2022 on Thursday 27 April 2023, 48-hours later than previously announced.
This slight delay gives the Group and its auditor, EY, additional time to complete their procedures. No material changes to the positions set out in the trading update of 12 April 2023 are expected.
888 big acquisition has caused some indigestion but this is a bargain now at these prices.
Pull back looks to be done... Not a surprise as did about 100%.. Fully justified.
Mkt cap still around 10m.. Which is a joke..
Will be motoring again soon...
A friend of mine bought in today..
Ignore the idiots here. Jono / Blaim .. Just bitter and twisted... And remember.. They didn't see any of the rise as they dont have any shares.. But both of them spend half their lives here...
Their - clearly - quite empty - lives.
Sad - but no bother... Crack on..
UOG SP will be cracking on again soon enough...