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From the RNS dated 30/11 the planned software development work should be completed soon and the B2C marketing campaign starting next month. Hopefully we will find out how this has gone so far with some profit forecasts for 2024.
This company drives me nuts. It behaves like a private company and seems to lack any strategic direction or plans for growth. Investor engagement is zero and they seem content to loss money each year and sit in hope for legislation change that is not coming this year.
Probably like many others trapped in at this price.
There has been some consistent 100k sells over last few weeks. Interims due any day now.
Yes, the prediction. Was 23.1billion dollars, up from 16 billion last year, a massive increase in betting turnover. Most important statistic is only 1.5 billion from legal betting, which goes to show they really do need to crack on and legalise in more states asap
Just heard 23 billion dollars being bet on tonight’s Super Bowl. Be nice to have a slice of that pie
Hopefully with a trading update
Tomorrow 30/01
The next helium one way undervalued
Spread a killer here for the private investor just now. Come on mm's, narrow that gap!
Come no flutter by out Webis and take these licences off the table less competition for you
The results and huge spike in share price for Flutter based on US business MUST make WEB come into view for a takeover from anyone wanting to get into that market especially if struggling in EU, UK etc due to restrictions and government legislation. Sure WH / 888 don't have a lot of cash but then again they won't need much to buy this off us..........
Time for one of those 100% out of the blue spikes please.
Yes, one day we will wake up to a monster T/0 RNS, nothing below 20p a share is my expectation.
* As I have mentioned on here before the license renewal with the CHRB is strategically important to the company due to its potential of offering sports betting to California residents when the state legislature passes this into law.
* Plus, the ADW license allows Watch and Wager to accept online pari-mutuel wagers from residents of California on its range of global content. This is a huge incentive for a bigger rival to buy Webis for this licence alone.
* It's also fair to say that 20p a share is quite cheap for these licences in the bigger scheme of things, especially if a bigger operator wants to leverage the huge financial opportunity of online betting in California in the future....
Good luck, Brighty
Had a great day trading these again, sold at 1.75 and 1.76 and bought back at 1.59 and 1.49 so nicked over another 100000 shares for free which helps.
Im sure i remember WEB being 8p and now it is looking like a great future so i guess 10p is my first short term target when i will probably sell half.
Get your cheap shares while they are still in the christmas sale and they rocket, still under 2p but not for long.
Somebody that knows the game inside out been there done that under 2p is value
The online gambling industry has seen an increase of mergers and acquisitions in recent years,
David Portnoy acquires Barstool Sports from Penn Entertainment
Flutter acquires MaxBet
Entain CEE (Entain + Emma Capital) acquired STS Holding for £750 million.
William Hill International acquired by 888.
Supergroup (Betway) merges with Sports Entertainment Acquisition Corporation.
There is no reason why Webis might not be on the radar.
LeoVegas acquired by MGM
It sat at 2.4 in the doldrums for a year or more, then spiked 6-8 on speculation of California opening up to online gambling. Then when that got rejected/delayed there was an incredible fall to 1p. I think this rise is just people stocking their bottom draw. The SP jumps on speculation and this is just a rise back to 2.5p. The SP is low but in the past the company hasn't seemed to make any money. Its a steady ship and one day Rodney...
1.80 paid. Sniff of actual take over and this will seriously multi bag.
A wee rise to entice some sellers just now?
Always been a killer with this share but hopefully it won't really matter.
Shame about the spread
Nice to see the rise continuing into a second trading day.
What’s intriguing is the jump in the SP with less than £10k worth of trades. There aren’t many shares in free float and those that are are in sticky fingers waiting for the takeover. GLA