What we know12 May 2023 09:26
Here's what we know:
1. there's no open short positions in 888 indicating this stock is going up
2. directors' recent deals are significant, particularly given the role of said directors
3. massive fat cutting exercise well underway, yes partially to reduce debt burden but also suspect to make it more appealing for onward sale
4. stock is massively underpriced. you may say debt is high but not in comparison to other operators
what I think: Apollo may come back for a 2nd go and I suspect they will be welcomed with open arms!