Member Info for MaryBr190

Selling overdone on a 12 month view, I would expect at some point the rates will peak and then builder-bingo back on the table.

Not really a surprise given the mortgage rates. Housebuilders in US still doing well and at these levels I'd lead a bid on TW. :)

Trimming a few nice move up from sub £2

Trimmed a bit still riding

I want a dividend and a doubling of the SP :)

Well play RonH. Profit is always good.

May trim later this week but the 78/9 adds looking gr8 at the close.

Dow 40k is coming this year and FTSE 8k at last.

Seems to have been a good call and the market is realising that today.

Heading back to 106p no doubt.

So Friday was an overreaction after all bringing out the short doom & gloom posters.

Panic out and regret it seems. Waiting for earning multiples to be reset and adding on dips.

New poster hmmm...welcome :)

The time to buy was Friday if it goes up 10-15% + and it will show how manipulative the market makers are.

Greed fear and all that, adding on any further drops.

Could see a full reversal on the Friday drop perhaps.

Gla

And they are still the fall guy.

The review will report that 888 followed the recommendations and FS gaming will bide their time until the 3 are cleared or fined by HMRC.

If fined they will fade away, if cleared a full bid likely.

KA is not stupid other than the kabab car theft which was a prank.

888 will be fine as the new ceo announced and the eecovery continues.

Donald bid rumour officially started :)

So 888 are still on track for 35p eps in 2025 and a low PE valuation of about 10 would suggest a fair target price of £3.50 for the shares

And a low valuation of 1x Revenue or £1.8 billion would suggest a fair target price of £4 for the shares

Https://www.telegraph.co.uk/business/2023/07/14/kenny-alexanders-takeover-william-hill-owner-bribery/

Worth a reading, unusually a balanced Guardian article.

https://www.theguardian.com/business/2023/jul/14/william-hill-owner-888-uk-operating-licence-under-review-gambling-commission

Lol

https://www.dailymail.co.uk/news/article-9606541/Former-betting-tycoon-52-fined-1-000-stealing-takeaway-drivers-car-outside-kebab-shop.html

Doubt it was FS selling in a fit of pique.

Out of the blue RNS 1:48 on a Friday afternoon spooked investors.

Of course there will be a review but after 888 preventing the "plot" it should be a simple formality to clear it up, however the review is necessary.

Seems Board are doing all they can clean up 888 and turn it around.

I only need an explanation of why management was agreeing to the activist plot in the 1st place given the Entain May 2023 reveal and can only assume that the application was in place before the reveal, questions were raised that went unanswered and the rns was immediately released to manage the situation.

Roll on the new ceo and the in line results to settle the nerves again.

The bounce is coming but may not be Monday.

BTW don't the derampers just enjoy heaping misery. The history shows who they are and joining lse a few weeks ago just to disappear soon after is more than obvious to all.

Opportunity to add IMHO. But who really knows anything for sure.

DYOR.

Https://www.proactiveinvestors.co.uk/companies/news/1020766/888-activist-takeover-folds-under-bribery-investigation-1020766.html

A plot by activist investment group FS Gaming to take control of gambling company 888 Holdings PLC (LSE:888) appears dead in the water due to bribery investigations involving FS Gaming’s senior leadership.

FS Gaming, which is a consortium of former Entain PLC (LSE:ENT) executives, has built a 6.57% stake in 888 with the intention of installing a new leadership team.

The group nominated Kenny Alexander, the former chief executive of Entiain (then called GVC Holdings) for the same job at 888, with Stephen Morana, the former Betfair finance chief and a non-executive at Entain, as finance director.

But 888 today announced an end to those discussions due to an ongoing investigation by HMRC of Entain for various historical offences, including bribery.

Entain said in May that it is likely to face a “substantial financial penalty” when the outcome of a four-year probe into its former Turkish business concludes and that prosecution cannot be ruled out.

The investigation covers a time period when FS Gaming’s nominees were at the company.

Due to the risks associated with this investigation, 888 has concluded that these appointments will not be approved by the GBGC gambling regulator and has thus decided to end discussions.

Lord Mendelsohn, executive chair of 888, commented: “As a board, we devoted significant time to considering FS Gaming's Proposal. However, following in-depth regulatory due diligence including engaging closely with the GBGC, the board had no option but to terminate discussions as it simply could not put licences in our largest market at significant risk.”

The GBGC can refuse personal licenses, suspend or revoke operating licenses, and does not need to wait for legal proceedings to conclude before taking action.

“While this engagement temporarily interrupted the very thorough search process to appoint a new CEO, the board is finalising its appointment and expects to make an announcement in the very near future,” Labour peer Lord Mendelsohn added.

888 shares took a battering following the announcement, losing 25% in market value to hit 80p on Friday afternoon.

As you were, nothing to see here,

Comments on the previous summary welcome for discussion or am I missing something?

If so feel free to point it out.

Buying on drops.

So what we know is...

# The Board had “no option” but to terminate talks because it risked losing licences to operate in the UK.

# That following in-depth regulatory due diligence including engaging closely with the GBGC, the board had no option but to terminate discussions as it simply could not put licences in our largest market at significant risk.

[Read this as...... by taking this action the Board has reduced the likelihood of the licences being at risk whereas if they had pushed ahead with the appointment then it would have risked the licence.]

# Entain is embroiled in a four-year investigation over possible breaches of the Bribery Act from its former subsidiary in Turkey. (not 888)

https://www.entaingroup.com/news-insights/latest-news/2023/update-on-hmrc-investigation/

# The company {Entain not 888!) said it could face a substantial financial penalty when the investigation by the Crown Prosecution Service concludes.

# As a result, 888’s board decided that any attempts to bring about a corporate reshuffle could “put the group’s licences to operate in the UK at immediate and significant risk” . .............. ie reshuffle cancelled

https://www.msn.com/en-gb/money/other/william-hill-owner-888-ends-talks-with-fs-gaming-investments/ar-AA1dS4zl

The lnly issue I have was with the Board proposing the reshuffle in the 1st place. In the long term, this will now be seen as a good move by the board, albeit a bit late in the day.

Just saying....

https://corporate.888.com/investors/shareholder-information/analyst-consensus/