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Looks like we are back to this pattern where we open a few point higher, then continue to drop through the day until we finish below the previous days close.

Ouch.....today didn't like the news of the shops closures, but not much in the press about Ironshield taking a 6% stake.

We seen the benefit of their investment last week taking us up to 38p, and now the negative PR in the press around closures has hit us hard in one day

Are you not hoping there might still be a bid?

AI's take on it......

Ironshield Capital Management LLP has taken a significant 6.07% equity holding in Evoke PLC (formerly 888 Holdings) as of March 2026, positioning itself as a major shareholder during a period of extreme volatility and strategic restructuring for the gambling group.

While Ironshield has not publicly stated the exact intent behind this specific stake, their actions align with their firm-wide focus as a special situations, stressed, and distressed event-driven investor.

Based on the context of Evoke's current situation, the investment is likely motivated by the following factors:

Capitalizing on a "Distressed" Turnaround Opportunity: Evoke is experiencing severe financial pressure, with a market capitalization that has fallen significantly below the debt incurred to purchase the William Hill business. Ironshield specialises in identifying value in companies with high debt loads that are undergoing operational restructuring.

Impending Strategic Shift and Breakup: Following a severe UK tax hike (raising remote gaming duty from 21% to 40% by April 2026), Evoke announced a strategic review in December 2025 to consider a sale of the entire group, or some of its assets/business units to maximise shareholder value. Ironshield, as a distressed-debt investor, often takes equity positions to influence or profit from such sales and asset breakups.

Event-Driven Strategy: Ironshield's investment objective is to achieve high absolute returns by exploiting mispricing caused by capital structure changes and corporate events, typically looking for value realization over a short-to-medium timeframe.

The Potential for Continued Consolidation: Evoke is widely considered a target for further consolidation, either via a private equity buyout or a sale of its individual brands, such as William Hill.

Do we think that was what lead to the increase from last week?

Is there something wrong with LSE this morning? price hasn't moved from 35.3p all morning, but yet with all on google is 33.50p

Needs a huge turnaround this year in terms of doors being opened.

The revenue numbers are an actual joke....there's been little or no movement in the last 3 years, despite good wages being paid to Directors and sales teams.

Also trade show after trade show after trade show, with no tangible results to be seen.

The company hasn't even hit a £1m turnover yet.

I am definitely thinking something is wrong.

Would like to have had CJ's confidence.....but if this goes back to 30p and below the buyer has walked away.

I hope your right CJ.

I just find it frustrating with this share that sometimes it can be gradually getting higher over a week, 2 weeks or even months.....but when it falls, it normally falls really hard over a day or two.

What takes an age to build in the past, ends ups being cleared in a matter of days ......we've seen this too many times on this SP.

When i see 5% down this morning i become apprehensive again.

IF suitors are lined up and bids are in the making, I'd expect continuous upside.

Unfortunately not Jimmy P....looks like we've had some bad news.

38p on Thursday or Friday last week, and opening this morning at 35p......something has happened which isn't positive.

If there were bids on the table this share price would just continue to go up.

Down 5% before 9am is not a great sign

Seen 38p this morning and was really starting to get excited....but alas...we're on the reverse.

LTHcine .....but was this not common knowledge well before today? the sale of Snaitech, and the special one off dividend for shareholders???

They sold it at the end of April 2025.........and their SP has increased significantly in the last 3 months until today.

Feels more like the decrease is from the revenue decline announcement which probably wasn't common knowledge.

Maybe there should be a concern around those playtech numbers and revenue being down 10%.

Is this what we are to expect in our results update?

It's now down 13% on the day.....reminds me of some of those bad days we've had in Evoke on news.

Must be a lot of sell orders set at 36p......every time we hit it today we instantly drop back down to 35p.

Playtech (the company who bid 156p per share for us in 2023) announced their final results today.

Their share price has crashed by 10% which is strange.

I don't think their results were that bad, and they had some positives. Yes their overall revenue decreased by 10% but

they sold Snaitech for €2.3 billion, and returned $1.8 billion to shareholders in divedends.........and US business was up 100%

The CEO also sounds quite bullish about the future....would there be any chance they might be interested again?

'Strong balance sheet maintains flexibility for investment and capital returns even after repurchasing 8.3% of issued share capital in H2 for total consideration of €77 million. '

' Excellent start to 2026; Group expects to deliver FY26 Adjusted EBITDA ahead of current consensus expectations despite regulatory headwinds in many markets. '

Where did you hear the rumour about the final offer? firm offer?

We've seen this happen a few times in the last couple of months where it looks like its going to be 20% + up then by end of play it's flat.

Hopefully not another day of that.

Would love just a week of consistent decent uplift based on potential takeover.

66p takeover I'd be happy with, and anything over that would be a half decent result for me from where I am now at around 40% down

What's happening?

When did it hit 1.14p today?