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Online gaming group’s a cash flow winner with M&A optionality
Thursday 23 Mar 2017 Author: James Crux


Online gaming group 888 (888) shrugged off currency headwinds to deliver forecast-busting full year results (21 Mar) showing strong organic growth and substantial free cash flow. Investec Securities is a buyer with a 260p price target, arguing ‘given 888’s size and superior technology offering, as well as its growing Sport product vertical (now 10% of the business), we regard 888 as either a consolidator or key potential take-out target.’ (JC)

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