0949 GMT - Evoke PLC's update shows that its strategy is paying off, Peel Hunt analysts Ivor Jones and Douglas Jack write in a research note. The betting and gaming group is still a work in progress, but the company is on track to restore credibility progressively, they say. The London-listed owner of the William Hill, 888 and Mr Green brands can fix its remaining challenges, and manage its debt level through debt-for-equity swap, they add. "The group has time to resolve its remaining technology and product challenges and demonstrate that it can get into solid, net cash-generative growth," they say. Shares are down 1% at 47.45 pence. ( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 05:50 ET (09:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.