We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Don't you guys ever read anything? How can you invest in shares where all you have is pious hope it will suddenly double overnight? California is not in the forefront of the company's hopes in fact they said it was to the company's advantage that both proposals put to public vote in California were rejected. Also there is very very little chance of harness racing in Arizona as 'other interests' are at work. And in the fundraising RNS of 15 Sep this is what they said about developing their product:
"The new funding of £750,000 will enable the Company to invest further in its business-to-consumer sector ("B2C"), recognising the growth potential of this sector. Specifically, the Company intends to invest in a programme of further software developments of its main website www.watchandwager.com and marketing the mobile product. As previously reported, the Company has been very encouraged by the operation of our platform in considering the limited investment made to date. The platform has performed well, and we can see the opportunity to further grow our market share in the USA. As we improve the user experience, we will further invest in key marketing techniques, especially player recruitment and retention with special focus on online marketing techniques. We will keep shareholders fully up to date with developments. "
If that was it all would be good. The issue however is that they have been a break-even minus company forever - 20 years or more - sustained by their major investor Burnbrae. At no point have they achieved a critical mass that would give the some clout in the market, or make them an attractive takeover target. So 'same old, same old' is probably right, but not for the reasons given in some of the comments below.. And as for the results does it matter that another set of indifferent results is a week late?
Trade this stock, don't marry it. At some point it will have another run and at the current price it is near the entry point. Buy them, put them away, and when it does have its run, remember where you put them.
Either way I'm back in at these prices
Yes - it seems they think they just want to wait for the magical legalisation of sports betting in California rather than trying to be proactive and develop their product. Sad to see nearly 7p in April 2021 down to nearly 1p. Slow slow demise with as Taser says ' the same old, same old' !!!!!
Interesting is probably not the first word that comes to mind after seeing a further 10% fall.
This company is a disgrace. No updates when promised and the same rhetoric year after year. This years losses increasing and not even a sniff of the potential tie up spouted year after year.
The board are killing this company
Interesting sudden move down today, which the trades don't really support.
I've added another 110,000. I still see this as great potential return, I've just no idea when.
Well, having studied the RNS a couple of times I feel pretty positive about what I’m reading. Slightly disappointing to have made a wider loss, but there seems to be fair reasoning behind this with bad weather and tighter market conditions and competition.
However, the positives far outweigh the negatives, the big one for me being the website development taking place in the first 2 months of 2024. This is key to the development of the company and also its value in the market place. This along with the value in the licences and the current live racing with a chance of another track coming on board makes us a suitor for other betting organisations.
This has been a very slow burn, and at times very frustrating. However, I strongly believe that 2024 for a number of reasons will be our breakout year.
Keep the faith, you will be significantly rewarded.
At a large premium to existing shareholders. They know the value of the USA states gaming licences that’s the dream anywsy
Received on the 25th October
There is nothing specific to update so I really don’t know the reason for the large drop.
We would have announced anything if required
Annual results for 2022/23 will be out no later than end Nov 23
With Regards
Ed
Ed Comins
Managing Director
Webis Holdings PLC
Operators of WatchandWager.com LLC
Doesn’t bode well
Not sure why final results not posted yet, unless they have asked for an extension but cannot understand why they would need to
Should be out by next Thursday at the latest according to the company.
Must be value in this share at this price
Final Results from WEB will be published within days, judging by previous RNS'. In 2017 they were announced on 21st November and since then it has been between 21st and 30th November each year....
Good luck, Brighty
At least racing resumes today, prize money increased full schedule until May
“For the sixth consecutive year, overnight purses have been raised, the late-closing events have been upped in value with a focus on the aged Diamond Horse Alliance contests and the incentive program for horsemen has also been increased.”
Good to see some blue on the board even if it is at stupidly low levels. I’d be keen for a top up if I had some spare dosh. Results due in next 4 weeks. Let’s hope for good news. Enjoy the weekend folks.
Sold out of web at over 2p a while back and looking to around 1p to buy back in. Close now. Things move slowly but we usually get a strong spike at least once a year. Buy low sell high. Just all in slow motion with Web. Has a billionaire investor and Burnbrae throw more money into the pot every now and then. Dull, boring, yawn fest. I have never lost money on web but.....sleepy, yawn.
I was going to write some in depth reasoning behind all this but to be honest I can't be bothered. Unfortunately the apathy shown by the board has rubbed off on me. Don't want to write off £50k by selling but can't see me getting my money back anytime soon. Back to work
Seriously anyone heard anything to cause this to fall again? 30% in 2 days
Incredible to see three trades of a total value of £3,000 wipes 10% of the value of the company.
To be honest most people here have been incredibly patient whilst increasingly sitting on high paper losses. The issue here is one of engagement and trust that the management are backing their words with actions. It is operating at a loss there needs to be a more proactive approach now.
Some director buys would be most welcome. Time for payback to the companies long suffering supporters.
In the end a sale will come out of the blue.
Bottom drawer if you have the patience.
In the latest RNS they role out the same old boll@C&s
Ed Comins, Managing Director of Webis, stated:
"Webis is very pleased to receive further backing from our principal shareholder. Their expression of support is important for the Company and compares favourably with other potential forms of funding considered. Webis stands in an excellent position in the USA gambling market and particularly with our array of content and licensed presence in the USA, particularly California. These are key assets that are not readily available to new entrants into the market, and we look forward to continued discussion regarding any potential partnerships, mergers, opportunities, and acquisitions to continue to build our strength."
How long have they been talking about his now - 3-4 years and still nothing
Is this a functioning company or a shell with licences?
The lack of newsflow is borderline negligent.
Share value ground down due to unambitious and undynamic management. Sell up and let’s move on.
This is the 2nd Tweet (X?) I’ve seen on the topic - could legislation make the 2024 calendar yet in California?
https://x.com/matthewkredell/status/1711321565839978642?s=46&t=reOxS0uqKjgSconptGwvHQ
Also, with MGM advertising their online betting service in the U.K., I do wonder why we ever stopped our betinternet.com site (it’s been so long I can’t remember the reason).
There's more M&A activity in our space today, with a particular focus on the USA, with Entain's £122 million deal for Angstrom Sports (£81 million of which is being paid in cash upfront).
* "Angstrom's proprietary offering secures Entain as the only global operator with highly sophisticated in-house forecasting, analytics, risk and pricing capabilities for US Sports betting markets".
* "Entain's capabilities, coupled with our global scale and market leading platform will provide customers with an unrivalled US sports betting experience, differentiated by its breadth of betting opportunities and products".
Notice the emphasis on US Sports betting. There's a real focus on the US from the big boys which bodes well for WEB and its licences...
Good luck, Brighty
Turnover €145 million Ebitda €32million - slightly different to Webis. I think we might be wat too small for the big boys to be looking at. Hope I'm wrong