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What are we thinking the bottom is?

In my eyes this a complete overaction but the market is what it is, and I genuinely never thought we would be this low again.

I think if we stay in around 51p or below today I'm going to add another 5k and take the chance we at some point get back to 75p.

The revenue and other income of this company is shocking......and the cash burn is even worse.

Burning cash.....and the cash burn is not leading to any significant return, or even creating any green shoots...........I have wasted £11k on this share......and was at one time sitting at +£4k.

Now I might as well be at £0.

The company is not run like a business, and CEO's are just collecting a wage every month ( along with the staff) until the lights go out.

If there was any longevity in this business there would have been an investor, or a link up with big pharma...there clearly isn't.

From such a positive idea, and R&D development to a little bit of excitement around potential opportunity to absolutely terrible.

I am sick to death watching this company shout about 'successes' or ' initiatives' or 'successful Trade shows' all over Linkedin, with an increasing amount of cash burn on employees wages.

They should be performance managed, and shown the door to save costs if they aren't achieving anything measurable.

No other sales team or Leadership team would be allowed to do this in a big business.......it's almost a form of stealing a living

* debt was always there.

PS Nonsense, I wasn't having a go, and def nothing personal....just trying to think of a positive, and also wondering whether to go another £5k at 51p and hope for a bounce back to 65p.

Would make my average 61p.

Sorry nonsense

I obviously misread this ' you're buying a business that would take nearly 200 years to bring net debt to 0., and that's with practically no investment. Sober up, guys.'

To me that reads like your suggesting there wouldn't be too many suitors looking to buy the business the way it stands.

Silly me for thinking that's what you were suggesting when you told someone to sober up because they suggested this was a sitting duck for a takeover.

I'm in here as a LTH....I'd love to see a takeover anywhere around a £1-£1.20 down the line, or even a resurgence in the SP...obviously we might have to wait a while, but I'm still hopeful that if this business was appealing to other firms 2 years ago, then it's still appealing now...the net was always there, and people could argue that they now might even get the business at a reduced price.

Hi Nonsense,

Sorry but you argument actually contradicts itself?

You basically saying no one would buy the business with the current debt, because in your words ' without paying the debt holders, who are the real owners ' then telling us to sober up lol

But literally in the next sentence you've said they should have took the offer of 156p.........so Playtech were happy to buy with the current debt at that price, and on your admission the board should have took the offer.

However rather than backing up your statement, your last sentence would suggest that someone out there would take this company on with it's debt at 120p per share.

Not much has changed in terms of the businesses financials from that previous debt until now, aside from the increased expenditure which was needed to restructure the business and rebrand.

And also an increase in revenue and EBITDA

Excuse my ignorance or lack of knowledge...but is there not a rule of thumb that the valuation of any bid is normally equivalent to the highest SP price that the share has been over the last 12 months?

To think if that issue in Turkey had've been cleared up quite quickly, we could have been a in a completely different position.

For me though they should have taken the bid of 156p from Playtech, however I think at the time they thought Alexander and his team would still be interested, and were probably banking on a bidding war.

Within 6 months they had lost both potential suitors.

Wisdom - i was similar. average of 67p and went up to 130 within months of me buyin....moved into the FTSE250....everything was looking great.

There was a takeover being lined up, people were buying huge tranches of shares......then Kenny Alexander and his team didn't get the vote of confidence from the company due to them having issues in Turkey with their other business.

There was a license review because of his involvement in 888 and what was happening in Turkey, and then the s**t hit the fan....as their interest in the business wained.

Did they share the detail of the Cheltenham results?

If they did I missed it.

But also, I would be astonished if that was included in their round up of Q1.

TBH - if Cheltenham wasn't a big win for EVOKE then this share really is F****d

Looks like we bounced at 51p again.

Similar to the last two times we seen the SP hit 51p.

I can buy at 52p?

DJEPSON - and within 2 months it was back to 73p in January.

I'd love them to come out at some point over the next few weeks regarding a positive result from Cheltenham

It's not good PR among punters for a bookmakers to come out and say they made a large profit off the back of any event, so they probably won's say anything.

But it would definitely help the SP,

Does no one else think that despite them claiming a slow Q1, that March will have had to have been a significantly good month for all bookmaking companies?

In probably the biggest wagering week of the year, nearly every banker got beaten...not just one or two, we're talking 7 or 8.

This should represent millions of profit that wasn't achieved last year.

Not to mention other operator friendly results in other sports recently.

Where's Mary?

Normally isn't to far away with the predictions.

The last time this happened it went to 51p then bounced back...should we wait for that?

If it ever rebounds to 75p - 80p, it's a great price now.....the question is will it.

Can you explain a little bit more Jeffrey?

Quote from article today

'Despite the decline in share price, analysts at Peel Hunt pointed out that while first quarter revenue fell short of expectations, "EBITDA continues to make progress... comfortably on track of our FY25 forecast of £359m."

Meanwhile, Jefferies analysts retained their 'Buy' rating, citing the potential for long-term growth as debt decreases. They kept their target price at 140p.

Also we're getting hammered in the press which is pretty standard on results release day with Evoke....always shock factor headlines.

I think investors could well be worried about the £79.3m of exceptional items and adjustments, primarily related to the exit of US B2C and ongoing integration and transformation costs which were incurred this year.

It sates in the report that there will be similar expenditures in 2025 and 2026.

This could concern people that this will eat into any profit made.

Also the Q1 highlight of slowing growth, but surely March is going to have had significant impact on Profit in Q1 2025.

They mention race cancellations as being a reason for slowing growth Q1 2025.

If this has a serious impact ( with not too many race meetings cancelled in comparisons to the previous years off the top of my head), then surely this year's Cheltenham eclipses last years significantly also?