Member Info for Saab93se

What’s your motive for posting here, ThumbsUp?

ThumbsUp, I appreciate your viewpoint and agree the CFO probably was offered a ton of money to stay.

My holding is 30,000 shares at 79.17p and I remain optimistic that the price will bounce back.

The CFO hasn’t run for the hills, he’s staying for the rest of 2023.

“ The Board currently estimates that the impact is less than 3% of Group revenues, should the suspensions remain in place. ”

I’m hoping to buy another 10,000 sub 70p but that’s looking unlikely today

Dogger, it has debt over 5x it’s market cap. Hope that helps

Fair point, though I did say best “potential” entry point. Revenue has never been higher (thanks to William Hill) and margins set to improve but then again the shares are currently cheap for a reason, and there’s no certainty how low they’ll fall

Best potential entry point in over 10 years I’d say

Giantsquid, I don’t think it’s unreasonable to compare 888 with Cineworld. Both highly profitable companies when the going’s good. The key difference to me is that Cine’s profits barely cover the interest payments on their debt mountain, whereas 888’s do plus an additional £150m (give or take £20m)

“888 is a diamond in the dirt” - looks like Peel Hunt’s analogy was rather accurate, though i wonder how much dirt will need to be uncover (and if they’ll maintain their 210p target price)!

At least Yariv Dafna is remaining instead of stepping down in March. I doubt the CFO would be doing this if EBITDA guidance for 2023 was going to significantly deviate from the predicted 20% minimum. On £1.85 billion revenue, that equates to roughly today’s market cap.

HeresHopin, I also thought it would plummet further. Set a limit order sell for 88p and felt lucky to get out at 94p. I’m buying back at a discount now as I still believe in the company.

I bought £10k’s worth at 450p yesterday. As a former Spoon’s employee of 5 years, I think it’s a solid investment.

True, but it doesn’t looks like 888 will have a problem handling it. With revenue of £1.85 billion and adjusted ebitda margin over 20%, an mcap of £400m is too cheap imo.

I saw the title of this morning’s RNS and got all excited for a moment.

I obviously have no sense because I looked at the Q3 update and decided to buy more… WH retail is up 83% and the world cup during Q4 will likely push that up even further, of which profit has yet to be announced but I think will exceed expectations. The debt interest payments look scary but are they actually disproportionate to a business of this size? As of 30th September 2022, 888 had total liquidity of £336 million, so it’s not like they’re about to go bankrupt any time soon!

I sold out at 96p on Tuesday and bought back today with a 10p discount. It’ll be back at 2 or £3 within the next few years if it survives and reduces debts, which I believe it will. No point panic buying or selling, just buy the dips and sell the peaks on a daily basis, that’s what I’ve been doing for the last few months and it’s been quite profitable so far.

They maintained the ask at 537 ex-divi but the bid went no higher than 526

Predictable ex-divi drop today of around 9p, although I was able to sell a few this morning for 526p and buy later for 522p.

Another dividend of 9.2p will be payable on 6th March 2023 (for shares registered on February 3rd).

I’m interested to see where the price goes from here. Samson Rock, with a 0.72% short opened mid-November, haven’t got it wrong with historic positions in other companies.

The CEO obviously thinks so too with a purchase of 1,185,964 shares at 83.9p.