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It is still too early to bet your investment money on 888 Holdings

All investors get plenty of stuff wrong, but the aim of the game is to get more stuff right. About nine months ago, I wrote about “888 Holdings plc (888), William Hill and mad deal excitement”. The former had a c. 250 pence share price at the time and today it is about a third of that level. Probably a good job that I concluded back then that “...I will generously call it one for the experts…and I am not one…Avoid”.

EPIC 888
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888, William Hill and mad deal excitement

Are you excited to read that the FTSE-250 company 888 Holdings (888) - which regards itself as “one of the world's leading online betting and gaming companies” - has pushed its share price up over 25% today after announcing progress with its efforts to buy the international (non-US) business of William Hill? After all we all know that online betting and gaming is seeing more and more demand. But will it be paying too much in an area which is already highly competitive?

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