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A cheeky 1k top up for me.
Good article
https://timesofsandiego.com/opinion/2023/02/04/legal-online-sports-betting-in-california-requires-collaboration-with-tribes/
Continue to develop the business on the ground , Something has to happen at some point in my view
Yes interims due no later than the end Feb 2023 and I'm pretty positive about them. Arizona Downs still delayed with the hope of getting approval by the end of March 2023 now, meaning we won't go live until the back end of the year. This is a real slow burner but I'm hopeful we will be 100% up on the current price by the end of 2023.
Yes, a very good size buy at the close yesterday. There is still very minimal buy and sells going on with this share, I think this is down to the fact that people are holding for a significant pick up in the share price. This stock is a buy to nothing, the potential upside far outweighs any downside. Minimal good news should at least get us back to the mid 3s and any significant news could get us back to the 4/5s.
Onwards and upwards.
Decent size buy at the end of play today ??
Hopefully a better set of interims than the £70k loss for H1 last year and news update.
Any decent news should see us move back into the 4’s/5’s!?
AGM tomorrow. Not likely to bring any news. However normal trends suggest a 1/2 year report late February.
Hopefully some positive update at that point and this share price will kick on to heights once visited
GLA LTH
Your lucky I’m 45% down ;-(. My LTH of Nano has made up for it today!
Good to see an uplift after being dragged down to just over 1p. Still a bit to go before i break even.
Interims should show a profit as compared to £70k loss last year for same period.
Plus an update as to how their partnership with Monarch is getting on.
Not much free float available so uplift substantial on any positive news
Very little volume but at least it’s the right direction for once!
100,000 buyer still around
Glad I added few after the latest news....
Onwards and upwards.
I think 3.5 pence in the very near term is highly possible, this stock is now far too cheap. However, I am not adding further as I am already in very deep and am not greedy. Gambling is a business that will always be around and always be popular. This stock is worth £6 million only and there are potentially so many positives to get this price moving north. As more and more states open up to gambling it has to be positive for this stock, remember this share has tanked on no real bad news whatsoever.
Keep the faith all
WEB has been a terrific mover this year:
52 Week High 3.85
52 Week High Date 05-Jan-2022
52 Week Low 1.15
52 Week Low Date 29-Nov-2022
Personally I have been adding at 1.40p and below. !.25 was the lowest. We saw 6p last year when the calif vote was due and I see 3.5p as very likely next year. The news today is good even though we do not know any revenue details. Lower risk with a likely return of 150% next year or higher if a deal is done. No real funding issues and plenty of financial clout. Perfect punting stock (pun intended!).
Sorry, I missed off the word Monty in my post
Firstly, a rather negative reply in my opinion. The company did say that they were looking to invest in the betting system to improve our betting operation, which clearly this RNS adds credence. It is only a one year deal currently but a big step in the right direction.
They did say that takeovers and partnerships were always being explored and this clearly demonstrates their desire, and ambition to expand the betting network.
Although California currently was a damp squid, I do believe this position will be advanced going forward. People in California already bet out of state currently illegally, but I do think this is an opportunity for a revenue stream eventually will be too good to miss.
I understand your frustration at this time, but I am a very heavy investor in this stock and intend to remain a heavy holder. I strongly believe that 2023 will be a very positive year for Webis and the board. We all need to remain patient and wait for the solid foundation over a period to be realised!!
Onwards and upwards
I think the tribes are concerned on keeping their 'casino' monopoly so if they can reach a compromise where Sports Betting is allowed but slots and Casino games are not allowed on line (ie Sky Casino etc) then we my be able to move forward. More alliances like this today and an update on Arizona Downs is the way to keep interest alive and a slow uptick on the SP
Stand corrected Monty.
AGM in Jan, with possibly a TU?
Xophe - You seem confused “Results out next week” The results are out already and frankly rather poor. Lower revenue bigger cash burn. No sign the business model actually works at all for nearly a decade now.
Hopefully, if profitable and WEB do a good job, the contract may be extended for years to come.
Very good news and unexpected too. Well done to the team. Gulfstream and Santa Anita racing starts on Boxing Day. Does this mean we can start generating revenue immediately? Hope so.
2022 results probably be released next week too. And maybe an update of how first 6 months (jul - Dec) have compared.
Not showing here yet, bit of good news!
https://www.londonstockexchange.com/news-article/WEB/watchandwager-secures-monarch-content-agreement/15770747
The tribes won't let anyone else on their perceived patch, and the voters would prefer to break the monopoly of the tribes. Neither side is going to give way in the short term. Meanwhile the casino wheels keep spinning. A decent open market deal that might benefit Webis is years away. I doubt whether there is even a rainbow, let alone a crock of gold at the end of it.
https://www.gamingtoday.com/news/national-sportsbooks-only-california-option-tech-providers-san-manuel-band/
I read this and thought it presented a positive way forward and where Webis well positioned
Fingers crossed politicians, tribes etc can find a way forward