Evoke (DI) (EVOK)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

86.00p
   
  • Change Today:
    -0.100p
  • 52 Week High: 130.10
  • 52 Week Low: 70.60
  • Currency: UK Pounds
  • Shares Issued: 449.44m
  • Volume: 575,556
  • Market Cap: £386.52m

888 Holdings surges as investor group FS Gaming builds 6.6% stake

By Michele Maatouk

Date: Wednesday 07 Jun 2023

LONDON (ShareCast) - (Sharecast News) - William Hill owner 888 Holdings surged on Wednesday after it emerged that investor group FS Gaming Investments has built up a 6.6% stake in the company.
The stake was disclosed in a filing after the market close on Tuesday and the investor group includes Lee Feldman, the former chairman of GVC (now Entain), and former chief executive Kenny Alexander.

According to a Bloomberg report, the investor group could propose a change of leadership and strategy.

At 0810 BST, the shares were up 17% at 93.64p.

Victoria Scholar, head of investment at Interactive Investor, said: "This could mark the beginning of significant changes for 888 including the potential for a C-suite and broader strategic shake-up. Even after this week's surge, shares in 888 have more than halved in value over a one-year period, in stark contrast to Flutter which is up by more than 70%. This is providing a chance for opportunistic investors to strike while the iron is hot, making the most of its depressed share price."

She added: "The consortium provides a vote of confidence in the group and arguably could mark the beginning of a more bullish phase for the stock."

Jefferies, which rates the shares at 'buy', said in a research note: "We read the investment as a positive endorsement of the 888/William Hill integration opportunity, and opportunistic given 888's low valuation.

"We have previously commented that the 888/WMH deal seems highly similar to the highly successful integration of GVC and bwin, familiar ground for several members of this new shareholder grouping."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Evoke (DI) Market Data

Currency UK Pounds
Share Price 86.00p
Change Today -0.100p
% Change -0.12 %
52 Week High 130.10
52 Week Low 70.60
Volume 575,556
Shares Issued 449.44m
Market Cap £386.52m

Evoke (DI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
43.9% below the market average43.9% below the market average43.9% below the market average43.9% below the market average43.9% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income Not Available
Growth
24.86% above the market average24.86% above the market average24.86% above the market average24.86% above the market average24.86% above the market average
24.53% below the sector average24.53% below the sector average24.53% below the sector average24.53% below the sector average24.53% below the sector average

Evoke (DI) 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 07-Jun-2024

Time Volume / Share Price
16:35 8,031 @ 86.00p
16:35 212,068 @ 86.00p
16:35 2,352 @ 86.00p
16:35 244 @ 86.00p
16:35 1,314 @ 86.00p

Evoke (DI) Key Personnel

CEO Per Widerström

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