Added to YB: 2026-03-30
Pitch date: 2026-02-03
EVOK.L [bullish]
Evoke plc
+40.15%
current return
Author Info
No bio for this author
Company Info
Evoke plc, together with its subsidiaries, operates as a betting and gaming company in the United Kingdom, Italy, Spain, Romania, Denmark, and internationally.
Market Cap
GBP 153.0M
Pitch Price
GBP 0.26
Price Target
0.94 (+154%)
Dividend
N/A
EV/EBITDA
7.02
P/E
-1.35
EV/Sales
0.99
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Evoke plc - $EVOK.L
EVOK.L: UK online/retail gambling operator exploring sale of intl online brands (Italy, Spain, Romania, Denmark) after failed William Hill acquisition & UK tax hikes (iCasino 21%→40%, sports betting 15%→25% = £125-135M EBITDA hit by 2027). Intl online valued 8-9x EBITDA vs comps (FDJ/Kindred 11x, MGM/LeoVegas 12x); UK RemainCo 6.5x. SoTP implies 94p PT vs 25p (2.77x upside). Catalyst: strategic review w/ MS & Rothschild.
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