George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video 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.
That makes good sense. Better to see the growth first.
I dialled in to the investors call this morning and the question was raised about dividend. The response was that it would be pretty pointless to do the share placement to raise additional capital to strengthen the balance sheet and to fund the growth only to then give it straight back to investors through a dividend and the message the Board had from investors is, whilst a dividend return is important at a point in time, that the key priority now was catching the current wave for growth opportunity
International, now generates 39% of our revenue compared to 33% last year, and we saw revenue go up by 17% as customers substituted sports betting with gaming. In Sweden we saw a return to growth following the introduction of more regulation last year and in Denmark our revenue has almost doubled. And we launched Mr Green in Spain – that’s our second market launch since we acquired Mr Green last year.
The US has been hit hard by COVID-19. Sports books were closed and there were no major league or college sports. But before COVID-19, we took more than 70% of US wagers through digital channels and 100% online during March to June while the casinos were closed. We’ve got an estimated 29% of market share and we’re now live in 12 states with a growing online presence. The team used the time to push forward product development and we launched the new retail platform ‘ROSi’ in West Virginia and our new iGaming product in New Jersey will go live soon. In February we announced our exclusive media partnership with CBS Sports and following Eldorado’s acquisition of Caesars Entertainment last month, we’ll start to run Caesars’ 29 live sports books in the coming months and integrate them into the William Hill platform, giving us access to 25 states
Read that as until business back on track.. the main thing is with no furlough loan they can reinstate it when they wish.
Despite the better-than-expected performance, William Hill will keep its dividend suspended until further notice.
Is there any news when the company may be reintroducing a dividend? I presume this would energise stock even more.