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Prices & Quotes - UK Markets - 888 Holdings (888)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 302.80p
Change Today:
-4.60p
Market Cap:
1,128.71m
Sector:
Travel & Leisure

888 Holdings sees FY profit slightly ahead of expectations

By Frank Prenesti

Date: Wednesday 07 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Gambling group 888 Holdings said it expected adjusted annual core profit to be slightly higher despite higher costs and regulatory changes.
The London-listed company added that its second quarter of 2021 was slightly ahead of expectations as total revenue jumped 10% to $257m on a constant currency basis.

"For the second half of the year, the board remains mindful of the potential impact of greater than normal seasonality in the summer post Covid-19, retail and leisure venues reopening across international markets, and the previously disclosed expected impact of regulatory and compliance changes, which are weighted towards the second half of the year," 888 said on Wednesday.

It said that since May 17, when UK retail and leisure venues reopened, average daily revenues in the UK had fallen by around 20% year on year, with poker and bingo turnover also lower.

"The strong momentum from the first quarter of 2021 continued into the second quarter, albeit with the year-on-year growth rate moderating in light of stronger comparables from the prior year," said chief executive Itai Pazner.

The UK government is pressing ahead with a plan to end Covid restrictions on July 19, despite soaring case numbers, which could see a reduction in revenues as people spend more time socialising outdoors and less gambling online, although the return of live sporting events could offset any declines.

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888 Holdings Market Data

Currency UK Pounds
Price 302.80p
Change Today -4.60p
52 Week High 478.00p
52 Week Low 272.50p
Volume 936,268
Shares Issued 372.76m
Market Cap 1,128.71m
Beta 1.06

Performance Indicators

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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

888 Holdings Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Sep-21 25-Mar-21
Paid 13-Oct-21 24-May-21
Amount 4.50¢ 10.40¢

Trades for 03-Dec-2021

Time Volume / Share Price
16:35 249,339 @ 302.80p
16:29 106 @ 302.20p
16:29 22 @ 301.60p
16:29 829 @ 301.60p
16:29 41 @ 301.80p

888 Holdings Key Personnel

CEO Itai Pazner
CFO Yariv Dafna