The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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!
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.
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.
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.”
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 guess a nanny state has to walk a tightrope of pretending to disapprove of destructive personal habits such as gambling, while keeping the relevant industry lucrative and profitable enough that it can be amply taxed to help fund all the nannying
Georgina673, what is your background in the gambling industry? Without giving away any personal info I’m curious to know as you seem to have better knowledge than most. Another poster asked “Why are you so insistent on portraying the demise of 888” which I think is a valid point. Is there any price at which you’d buy?