Member Info for Saab93se

Flutter has 4x 888’s revenue, 3x 888’s adjusted ebitda, debt of £4.5bn (2.5x 888’s) and is valued x22 higher than 888 with an mcap of £27bn

I think so. Mainly because 888 is valued so cheaply compared to it’s competitors. Back in February when the sp was 68p I pointed out: Entain has 2.5x 888’s revenue, 3x ebitda, faces similar headwinds (also carries £2b debt) yet has x25 888’s mcap!

Invested some of my 888 profits here. Will gladly buy more at a lower price but can’t see it dropping much further.

Doomsayer comments from Dogger69 on any stock are usually a bullish indicator.

Not at all. The causes of the price drop following the VIP suspension have been mitigated and there’s no reason this share shouldn’t be trading back over 100p. Can’t blame anyone for wanting a better buy in price though!

*fortunately, not unfortunately. I’ve got 50,000 at an average of 70p.

Teddy was patiently waiting for sub-50p which unfortunately is looking less likely. I don’t think the government will risk damaging the UK’s gambling industry. For tax revenues, it’s easy money. The repair bill for a problem gambler is minuscule compared to the destruction caused alcohol, drugs and other vices.

My fingers are crossed for you, Teddy100 and everyone else expecting sub-50p. It would be a great shame for anyone to miss out on such a wonderful price.

Fair play to you, Sotolo. You know this company too well.

If or when an RNS lands confirming an Inmacculada permit extension, I won’t be surprised if the SP does nothing. In true Hoc style, it’ll probably go down a few % for an hour or two before several days of solid 30%+ rises. Hence I’ll check each morning but I’m not buying in advance.

Just a thought but would a takeover be more likely before a new CEO has been appointed? A buyer might prefer to put one of their own in place?

The Gambling Commission said all GBP19.2 million will be directed towards "socially responsible purposes" as part of a regulatory settlement. (Source: Alliance News)

Excellent observations Giantsquid and Dogger, except that there aren’t that many parallels and 888 hasn’t fallen on it’s ****. It isn’t about to go bankrupt and will have no difficulty paying any fines, even £30m (if true) wouldn’t be a problem. Did you read Thursday’s RNS?
“The Board confirms that 2022 results are consistent with the post-close trading update on 13 January 2023, with revenues of £1.85 billion and Adjusted EBITDA of approximately £310 million, both on a proforma basis. Furthermore, the Board confirms it is confident with current market expectations for Adjusted EBITDA for FY23.”

Received my £153 dividend at 13:04 on March 17th (with Freetrade)

*20p each

I think you could be onto something there, Magpies1862. It doesn’t seem that long ago Mr Benamor was prepared to buy any quantity of shares from PI’s for 20p. No mention of Amigo on his Twitter feed but that’s to be expected if he is planning something. I’m not currently invested but will be watching and considering this as a possible reason to buy.

I think 888 probably is the best online casino in the uk….but you’re certainly doing a good job to dismiss any case to invest!

Interesting answer

Cheers Trek. Think it could fall further, maybe even revisit 2011 lows, but I don’t mind. In a year or two this will be back over £7.

Sold mine late January at around 525p (awaiting Samson Rock to reduce their short). Slowly buying back in now