Member Info for Saab93se

It is annoying. I’d sell a few to derisk but the sp would go up, but if I buy more it’s guaranteed to drop further… My original plan was hold until at least 2025 so this shouldn’t really matter.

After the finals, new ceo and internal investigation there will probably also be some director buys

ForeverNever, I’m genuinely curious what fair value you’d put on 888. Current mcap £319m obviously too high for your liking but where would you like the price to be right now, based on all the risk factors you perceive?

It was undervalued enough before last week’s news. Anyone who wants the shares even cheaper is being unrealistic and greedy imo

Why should it be valued at more than current market cap? £1.8 billion revenue with 20% adjusted ebitda margin. Deduct £170m debt internet payments and you’re valuing it at less than 2x adjusted profit. Maybe you should give up

Ok but how exactly do you choose to value a company? With a graph and ruler over the sp, and a risk assessment? It’s an internal enquiry currently risking 3% of revenue.

ForeverNever, can you name a few companies that have a lower profit to mcap ratio?

Hardboy, I have to agree. Interesting though how after the price crashes some speculators take the opportunity to compound investor fear by severely criticising other aspects of the company such as their debt situation, business strategy and exposure to UK regulation.

An adjusted EBITDA margin of at least 20% is what the group expects for 2023.

What I want to know is at what point will 888 decide to resume their dividend policy of 50% of adjusted net profits?

£305 to £315 million adjusted EBITDA for the full year 2022 according to the trading update from January 13th and liquidity of £320 million, will easily cover this year’s £170m interest on their debt

There’s been no change to 888’s credit rating that I can find, the outlook was negative before the recent sp drop and was priced in as far as I’m aware

I bought back in today (last bought at 68p and sold around £1). It’s not as undervalued as 888 but probably less risky for a longterm hold imo

I usually get caught out with rule number 2 of Hochschild, you could’ve always sold it for more! Sold my small holding at a loss yesterday but glad to be out for now until the permits are sorted.

From August 2022 but still relevant I think:

https://www.fitchratings.com/research/corporate-finance/fitch-assigns-888-final-bb-idr-outlook-negative-25-08-2022

I think from the last trading update some of 888’s rating sensitivity factors are actually looking more positive.

Honestly no idea where the price will be at 4.30pm but I’m invested in 888 because I believe it’s a deeply undervalued company. I’m not here just for the recovery play and would urge caution to anyone who is.

High 70s

Giantsquid, the problem with Cineworld’s expansion is they agreed to buy Cineplex pre covid, while 888 used covid and the extra profit it generated for them during lockdowns to their advantage.

I’m done trying to catch the bottom. Got my final 10,000 at 68p now going to try and stop checking the price so often

A key policy adviser to the government, in his own words “aware of the conflicts surrounding the industry which needed to be changed for the better ahead of the Gambling Review.” Must help a bit, no?

Do you have an opinion on Lord Mendelsohn’s role at 888? His background in politics as Labour’s key policy advisor, with a reputation to maintain and chairman for nearly two years. Surely he’s the right man to be navigating 888 through this crisis?