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What a joke a 40% spread.
As to Friday it opened at 1.2. Nothing to do with the single trade. As to why…..
14% up on a mere 1000 shares. Shows how easily this can rise ( and for the less optimistic fall).
I added today and yesterday.
I’ve just topped up at 1.10 I think it’s as cheap almost as it will ever be hopefully!!!!
Shouldn't be horse racing, looks like it's gone to the dogs! I'm only down 68% but I know if I sell something will happen so bottom draw it stays (In my head I've written off this so called investment).
Back down to 1p. Are the board alive?
‘Going in the right direction’. Good god your glass is three quarters full!
Surely all those stating this company is worth £75 are falling over themselves buying more….erm not by the looks of it.
And yes I am invested here but the hope of an unscheduled update is slim. Even in the regulatory filings when they state we will keep investors updated they never have. Hoping for that RNS one morning…..
Certainly can jump from nowhere this stock
Going in right direction. Remember this tends to explode from nowhere.
It would be good to see a significant rise in turnover on this stock as most of the business is done in the US. Companies turnover and profits are rising significantly so in theory and hopefully the same will happen with us. This stock will surely get on an enormous charge with very little news it’s just a matter of when it happens. DYOR
Not seen web at this type of low. So many stocks like this. Trouble is so many delist. Don’t think web will do that but who knows. I am not a buyer of anything at this time except. For gold stocks but I am getting tempted here
I think you might of missed a nought off your recent post!!!!
50% rise incoming
Entain has reported a fall in revenue approx 7% in turnover in its largest market uk and Ireland due to increased affordability checks on punters there this is going to be the norm here for the foreseeable future an increasingly competitive market with shrinking turnover for each uk company which company blinks first and snaps up Webis the next frontier in fixed odds gambling a no brainier who wants the licences. 888 bet 365 V chandler. Quinnbet. Who wants them. A readymade parimutuel website and licences in a number of states A buyout has to come Fred done could be the one he is always a forward thinker dyor
You would hopefully expect a spike in the share price soon, especially as they are now looking to merge or be sold to another operator. Also, the improvement in our online facilities and the massive increase in online betting in America.
It would be good to get an update on trading and/or any news of any developments to sell or a joint partnership. This is clearly a buy from here, but it’s just how long you’ve got to hold, but patience will pay through for certain. Keep the faith!!!!
Come on, time for some positive movement please. Mutual be takeover offers on the cards.
From the last accounts...
As fixed odds sports betting spreads throughout the USA at an impressive rate, there is a growing demand by the larger operators to partner, merge or even acquire licensed pari-mutuel operators. Our internal market analysis suggests WatchandWager has a unique position in the USA as one of the top five licensed operators in our sector. Our stable platform of technology, payments, licenses, and most importantly content, is of interest to the larger sports betting operators, who are looking to augment their gross margins, which are under increasing pressure. Our licensed operation at Cal Expo with its “bricks and mortar” presence in California, enhances that position, especially in relation to leverage in California and the USA generally
You can sell at 1.08, buy at 1.275 and the price is 1.1. Figure that one out
I have just seen on Bloomberg that Flutter turnover in the US up 40% and profits in America set to triple. Our stock and turnover has to take off at some point in the very near future.
Https://standardbredcanada.ca/news/3-25-24/give-me-dance-named-california-horse-year.html
Published: March 25, 2024 01:50 pm EDT
Perez talked about such items as an increased new horse incentive for the future 2024-2025 Cal Expo meet, the solid horsemen’s agreement and contract with Watch And Wager through to 2030, along with remembering horsepeople and horses who had passed away in the past year.
Chris Schick, general manager for Watch And Wager, spoke about the current successful meet at Cal Expo and the promising future for Cal Expo horsepeople.
Cawkewell talks about webis in podcast dated march 18 2024 ..
https://www.youtube.com/watch?v=XZe9phFC05o
starts at 33 mins
he reckons losses coming to an end and has terrific opportunity. He extols the virtue of monarch agreement and the exposure to the big race courses. Says webis has a tremendous range of contacts built up over time. Thinks webis could be a huge beneficiary of the drive towards legalised sports betting in the US.
Simon cawkewell on webis 1st march 2024...
https://masterinvestor.co.uk/evil-diaries/evil-diaries-online-betting-and-the-web-of-influence/
Webis (WEB) controlled in voting terms by the chairman and whose father, Sir James Mellon, was on the board but died perhaps six months ago, reported a few days ago. These figures are pretty bleak but, intriguingly, Denham Eke, now de facto non-executive head honcho, remarked en passant that WEB expects an approach from somebody to get a toehold in American horserace betting. That seems quite reasonable to me. WEB is tiny – capitalised at about £5m which is just a few chocolate cakes from Tesco. Therefore punters are advised to sit tight although, obviously, not to bet when tight. Toe-dipping at 1.2p seems perfectly sensible.
Taser - re the £75 million valuation for the licences.
the recent attempts at passing Prop 26 and 27 in california for sports betting didn't get anywhere and it is probably not likely any time soon - even then, they would only legalise in person, so online would be many months later - talk is of 2026 to 2028 before you see this.
Prop 27 proposed a $100 million initial license application fee for sports betting.
The proposal also required license applicants to be authorized to operate in 10 other legal betting states.
..
webis is one of only a few players already in california, who are already in compliance and would therefore not have to pony up $100 million - that fee that was proposed is one hell of a block to new start ups... it is cheaper to take over webis and obtain the licences.
https://www.forbes.com/betting/legal/is-sports-betting-legal-in-california/
you will note in the link below, that webis - watch and wager is one of only nine players in the licensed horse race betting...
https://www.bettingusa.com/states/ca/horse-racing/
California law requires all operators to apply for licenses from the CHRB. This process includes obtaining a $500,000 surety bond, undergoing a background investigation, and securing agreements with local horse racing associations.
Additional regulations require California horse racing betting sites to document all financial transactions with their customers, submit to on-demand audits, process withdrawals within five business days, and much more.
The demanding licensing process establishes a high level of security for all authorized ADWs, but a few stand out from the rest in terms of overall quality and reputation. BettingUSA recommends the operators above because they have the most experience, handicapping tools, and promos.