Member Info for Saab93se

👍🏻 thanks NigeCo.

If I buy BT shares tomorrow, will I receive the dividend or is it too late?

Upped their short to 0.76% over the last few days. The largest single short position as yet on 888.

Strange how when 888 suspended the Middle Eastern vip accounts and launched an internal inquiry, GBGC wasn’t interested yet the SP dropped to low 50’s. Now their operating licence is under review and by a legal technicality could be taken away at any time, and the SP is mid-80’s.

Lloydyboy, where were you not so long ago when 888 was low-50’s?

The way things could go, I’d sooner put my £2 on the roulette table than in the hands of the market makers.

I’m out. Too much nonsensical legislation currently risking 888’s operating licence. Good luck all.

If the SP price goes up 10-15% tomorrow it could be because FS Gaming are buying, so I’ll be selling. If the SP continues to fall it could be because FS Gaming are dumping their stake, in which case I’ll be buying.

KA is not stupid but the kebab shop incident does show he can be bloodyminded when he doesn’t get what he wants. The delivery car wouldn’t give him a lift home, so he took the delivery car away. The 888 board won’t give him a seat on the board, hopefully he won’t now attempt to take out 888 by disabling their operating licence.

Asartara, that’s what I’m thinking. If it isn’t too absurd to be true then 888 are in an extremely vulnerable position with such a low mcap, more so than their competitors.

Thank you FINANCEmagic that helps a little. Can you tell me if the 10% hedge fund and Dalia Shaked needed any kind of approval from GBGC?

What I’m asking is can FS Gaming continue to increase their stake? What happens if they buy another 4% of 888’s shares? What will GBGC do if FS Gaming own more than 10% of 888 Holdings?

FINANCEmagic, I don’t think you understand my question.

“Any shareholder acquiring a stake of more than 10% in the business triggers a change of corporate control. The GBGC is required to approve such a change of control or reject it, and if it rejects the application, the only course of action is to revoke the licence to operate. Furthermore, once a change takes place it cannot be reversed.”

All I want to know is if triggering a change of corporate control is the same as applying for a change of corporate control. Can anyone shed any light on this for me please?

I don’t fully understand it either and hope I’m wrong.

“ Any shareholder acquiring a stake of more than 10% in the business triggers a change of corporate control. The GBGC is required to approve such a change of control or reject it, and if it rejects the application, the only course of action is to revoke the licence to operate. Furthermore, once a change takes place it cannot be reversed.”

Sorry but having read the RNS more carefully, I’m trying to envisage a worst case scenario for shareholders. What’s to stop FS Gaming upping their stake to >10% on Monday, deliberately causing the GBGC to revoke the operating licence (and crash the share price) then buy the whole company on the cheap? Could 888 choose to suspend trading of shares to prevent this?

I’m back in. Regretted selling too early when it hit £1 back in June.

I’d sooner make my investment decisions based on Full Year Results than “RoF” as I think the numbers speak for themselves.

Unlikely to dip to 400p imo and 380p very wishful thinking

Sorry QuietBee, maybe it’s confirmation bias but I read the articles in ROF and the Law Society Gazette and would conclude that if you’re looking for a company that’s hell bent on growing revenue and maximising profits, KGH are a pretty good buy.

Significant % increases in revenue, PBT, EPS and final dividend (and only a very small increase in debt). I’m amazed the SP is languishing at 70-something pence when it should be well north of £1!