Member Info for Gwillerz79

HL need to come up with a solution and quickly. It's totally unacceptable others can do it and they can't

They issued a statement 5 weeks ago to calm the market and then this. How did they not know the score then 14 days before h1 end?

I don't think anyone knows for certain yet. I'm hoping brokers are having discussions with Evraz to simplify process. I'm worried about my Sipp shares in Evraz given Evraz isn't a registered pension administrator

Delighted with that. Net debt now c $40m. Costs broadly in control given inflation. What a turnaround in 18 months.

Will the in house share register mean divis can be paid?

Has anybody had any response yet from a broker as to how this transfer to paper will work?

Hopefully will see another decent reduction in net debt tomorrow. Previous quarter improved net debt by $45m on sales of $140m. Q4 sales were $180m. If we can get to sub $50m net debt that will be fantastic for the last year

Reaction to Entain update

Best bit is they come across very positive on the future.......

"Expect a stronger performance in H2 across all business units, supported by the higher order book"

I presume it means if they agreed to give them £30m in equity (random number), they will give them c7m shares priced at £4.25, as opposed to 13m shares based on today's price of £2.30?

Hi evanescent. I understand what you mean but I think they are correct. The raise for the sfo fine was completed prior to 31st December hence the benefit of the raise was built into the net debt at 31st December. Only the outflow for payment occurred in this particular quarter.

I thought the update sounded very positive. We have legacy headwinds to deal with in h1 but they spund very optimistic on order intakes in h2.

I suspect we will get some juicy orders over the next 6 to 18 months

Thanks damofarl. I think you could be right. Maybe even $160m. Cash generation here is huge

That is some level of receipts in q2. Over $60m on this payment alone.

Net cash must be huge at end of June. Does anyone have any estimates?

How long before they are telling us its oversubscribed? Shocking....huge loss of shareholder value and a churn of shares for months. Not a happy holder

Entain and flutter have been hit nowhere near as much as 888. The narket clearly doesn't like the WH acquisition or related debt

This is dreadful...non stop decline!

Thanks Phrontist. I hope you are right. Will be good to get back towards a sensible valuation here

Phrontist....I'm hoping you also meant £4 and not 4p ??

Not sure if this has been posted...some commentary on Exxon

https://www.google.com/amp/s/businessday.ng/amp/companies/article/seplat-will-keep-providing-sustainable-energy-solutions-to-nigeria-omiyi/

Yes it's my understanding we are fully benefitting from the high oil price but are paying a small premium to protect from downside below strike price. We should be coining it in at these prices.