Member Info for ThumbsUp

888 only have a handful of employees in the U.K. they’re mostly in Romania and Israel. WH still has a lot of employees in the UK(despite 888 getting rid of 100s of them) but they would be sold off if 888 got into serious trouble anyway.

So, basically no jobs would be lost in the UK if 888 got crippled. In fact it would probably create jobs if WH get bought out by private equity because they’d rehire the synergy headcount savings.

None of those things make him qualified, and his hands aren’t exactly clean in all this

To challenge people like you who are desperately trying to convince yourselves (and others) this is all fine.

I worked in the industry for a long time and know it in great detail. I know how the commission operates and I know the reputation 888 has. The only thing 888 will achieve is the destruction of a once-great brand in William Hill. The 888-WH merger will go down as one of the worst in LSE history.

Banks and gambling companies are not the same ffs.

If you take a bank’s license away all hell will break loose in the economy. If you take a gambling company’s license away, nothing of value is lost.

I know this industry like the back of my hand and 888 is a disaster.

No, he tried to run for the hills but now they’ve bunged him a ton of money to stay and watch over the wreckage for an extra 9 months.

I see that you’re miles underwater here, but you’re out of your mind if you think this is going to get better. The ME share of revenue is irrelevant - it’s what it shows about the company’s governance. Commissions worldwide are going to have had their ears perked up this morning and, especially with 888’s already abysmal record, they’re not just going to sit by. This could be a real house of cards.

But let’s face it, the company was in trouble long before this news today. This has just made things so much worse. If you can’t see that then I can’t help you.

People are really considering buying more here?

The WH takeover was bad enough, now we’ve got serious money laundering concerns and a CFO that just ran for the hills, not to mention a very real threat that the company could lose multiple licenses. There’s nothing to like here. I’d be surprised if this share is still trading in 6 months time.

Caesars won’t be able to believe their luck. They’ll be buying WH back off 888 for 100m quid at this rate.

Seems the placing was fully subscribed (at least). Expecting a modest rise tomorrow and it’s also put a bottom on the price for a while.

Nice action today. Paul from Stockopedia took a position here yesterday which might have something to do with it.

If we can hold >100 today then I think we’ll see 120 pretty soon.

Well done to all those that kept faith

Yeah, think the interest today is partly driven by the ii tip:
https://www.ii.co.uk/analysis-commentary/five-aim-share-tips-2021-ii514586

Hopefully we can hold this price today as it's quite a significant breakout.

Interesting read, and good for begbies:
https://www.ft.com/content/3058170d-aedd-4944-b5bd-abf9ac4469fd

I've seen you buy and sell at least three times in the last 6 months or so, each time going into great depth as to your reasoning for buying/selling and then doing a 180 very shortly after. I've also seen you do it with other shares. You are fickleness personified.

You also make the shareholder value argument all the time and it's nonsense. Begbies have significantly outperformed the market in the last year (even more if you traded it intelligently rather than emotionally), and have significantly outperformed any amount you'd make in a savings account. They've also paid decent dividends. You seem to be under the impression you'd get high-flying tech company-style gains here. Begbies is a slow, solid grower, as it has always been. It's a company that rewards patience.

That being said, I only meant it light-heartedly - I very much enjoy the portswigger psychodrama. You must stop being so sensitive on here.

First time poking my head in here for a while but been holding (and buying) since my last post a couple months ago.

Unsurprised to see the ever-fickle portswigger ****ting the bed again.

Target here is still 120p+

Not too fussed about the placing. One of the lucky LTH who is still in profit here. Looks like a 'needs must' situation and the required speed is probably why this was done in this way rather than through PrimaryBid or whatever.

If you go to 3:08 in the Proactive interview, Ed seems a bit gutted that he can't take part in the raise cos of the Emmac discussions. Perhaps a bit of inexperience showing there but a green flag IMO.

I might buy some more here if I can get a good price.

Written this off entirely so even if I only get 30 quid for all my shares that’s better than I’d expected.

Soon see I guess.

No idea what happened with the SP at the bell there. MMs nobbing about I expect.

I'll probably buy some more tomorrow morning if I can get below 90p.

Genuinely think it was just because the date of the next update was known so people were chasing rainbows elsewhere until now, which is exactly what I said about a month ago.

FYI - know a few of you guys were talking about him the other day. Latest update out today and no mention of selling any of his shares.

https://www.politico.com/news/2020/09/02/global-coronavirus-economy-depression-408165

That's your idea of a personal attack?

Yikes. Perhaps stay away from message boards if you don't want your views challenged.

Sorry but I think the vast majority of that post is a bit daft. Of course the companies going bust will be those in debt and without much wool on their back - that's why they're going bust. Extracting enough cash from these insolvencies is Begbies' bread and butter and it's always been their business model so why did you ever buy if you thought it was a bad one? Did you not do your research initially or are you trying to justify selling at a loss by looking at it more negatively than reasonable?

It's also patently untrue that it doesn't deliver shareholder value - capital growth of 100% in the past five years along with 3-5% dividends each year.

You strike me as a very impatient investor who perhaps got caught on the spike here and are now a bit bitter.