Member Info for Testaccount66677

Based on what exactly?

You can argue there might not be any tax increase-who knows with KS and company

I would argue that that risk exists and needs to be priced in

Do you think the risk-reward is ok for investing in evoke now?

I kind of like more the Ladbrokes story-entain

Some delusional investor might still be thinking there is light at the end of the tunnel. I don't see it? Labour is in trouble and will have to raise taxation

The public will not complain abut an increased gambling tax

Evoke makes 70? % from UK and not much cash

It will be catastrophic I mean do the math

Maybe they can convert the retails in dominos and sign a partnership with deliveroo? Need to start getting creative

When is the budget due? End of Nov? I remember Gordon B suggesting a 50% tax?

Nothing new.

the interest paid on debt is eating all the FCF

They should expand outside of the UK but they can't given the low investment they can deploy in any other country

they are in Italy, Denmark, Sweden, all the right markets but can't do much

at the current state refinancing (2026) will be very difficult

Evoke is caught in a high-debt, low-margin, and modest-growth trap. Unless it can grow faster, boost profitability, or refinance debt at better rates, its current trajectory keeps it in a financially vulnerable position.

- they should make around 140-180m cash per year, and I think they are paying 170-200m of interest

- they also pay >10% on their debt instruments

- They can get out of this situation by boosting growth, however, they are 50%+ exposed to the UK which is NOT growing. They are the worst performers in the market - also taxes are going up for gambling companies

Bondholders will soon gain control I think - I don't see any potential upside on the share price

Jetta quits this morning - another non-exec will be provisional CEO

If it is like that why don't you sell all your properties and assets and buy 888 shares?

you must be into something here man! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ :/

Hey Hope, thanks for your reply, I can see you took some time to do some research so I'll reply without "lols"

Let's forget about debt for a moment, let's also say they will deliver the synergies they think they will deliver.

Growth, revenues, higher sales, more customers are still not there.

-888 poker. Poker is by far the less profitable product in the gaming space, it's a liquidity product differently to sport and casino, so not a product you would push. Plus 888 poker is far inferior vs PokerStars and ggpoker

- new licenses in the USA. They don't have the money to spend in the USA, betmgm lost Ca 1.5 BN so far and even if they had the money they are late to the game with fanduel betmgm drafk and others already far ahead everyone else

-mobile expansion around the world. Correct in theory but wrong in practice as they are over exposed to the UK and if you knew gaming you would know there isnt a single market where you can expand organically. UK is a mature market won't grow enough

Sorry but even with no debt this company is done for me, this is the result of poor strategic choices.

Share price reflects the reality, debt holders will take control of the company extract as much cash as they can and sell it for cheap. I could be wrong of course

Declining top line and huge debt. who wants some? lool

I would invite any potential buyer to stay well away from this

Dude I'm shorting nothing and when I talk about growth I speak for 888.

Where is 888 growth coming from going forward?

Anyone?

Codere Deja Vu?

I personally think draft k is the very last resource for 888 (providing draft is really interested at all)

their venture(draft) is losing something like 200m a year, they would pay in stock I guess. I am not sure the debtholders (for 888) would like that?

Growth growth growth growth growth

where is the growth coming from going forward?

https://www.lse.co.uk/ShareChat.html?ShareTicker=888&share=888-Holdings&thread=095E29BD-8EF5-4207-BB70-D3DC60F313EB&reply=true#posting-rules

Dude where is the growth coming from?

"Even if there is low or no growth", the company is actually declining top-line they have 2bn of debt. They massively overpaid for hills.

On the ft article, dudes, draft will lose 200m EBITDA this year. Just lol a freak show.

SP was right at 119 at that specific point in time and I was responding to certain posts by lunatics who thought there was still growth to come from there.

I never said this was the right price in the medium or long period. In fact, as you admitted I said no matter what the debt is or their synergies will be, their main strugge is and remain GROWTH.

Now the market understands the challenge. In my view, the company AS IS it's done, no top line growth will make things worse and god forbid they don't mess with synergies.

Is this 888 end? Not anytime soon but it will get worse. My guess

Read again my posts. i always said they will struggle with growth and this is the case.

newbie indeed

Here you go: 888 is stopping Mr Green, see the communication sent to all affiliates below.

this company is done.

Dear Affiliate,

We have decided to temporarily pause all welcome offers in the United Kingdom for Mr Green ONLY.

These changes will take effect on Wednesday, 8th November 2023.

What do you need to do?

From Wednesday 8th November ALL our Mr Green UK links and banners will redirected to the Mr Green homepage, therefore, we ask you to remove all Mr Green UK offers, as soon as possible but no later than Wednesday 8th November 2023 at 10am.

Thank you for your cooperation. If you have any questions, please contact Affiliate Support or your Affiliate Manager – they will be happy to help.

Affiliates Support team:

888 William Hill - affiliates-support@williamhill.com

Mr Green - affiliates@mrgreen.com

Stop comparing this to other companies, there is no growth here

There is no growth!

NOOB!

you should be banned from writing in this blog.

the news is not whaaaat?!

I said this before (check my posts) and Im saying this again: THERE IS NO GROWTH!

someone even liked your comment. noooooooooooooobs