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i did buy some at 56p and i sold some at 70.8 but not back to full holding yet?
Your asking a question that is impossible to answer. No one knows the future. But by drip feeding the investment you can gain an edge. Buy some now and if it goes up you win if it goes down buy some more, you win medium / long term. Just be prepared for the medium to long term hold. GLA
yes this is true but to much caution can catch you out and so can greed i have no crystal ball. but i do have a 81.5p average i also have another 3k to deploy into wmh which will take it to the maximum of portfolio allocation that i allow. i also don't use a takeover for the thesis of my investments but i see betfred as a real threat. i guess what i am saying is if i go into a shop for an item and am happy with my price i don't barter to get cheaper if it goes on sale the next day i don't moan. but i do get if your day trading then it's all about getting cheaper.
Alto, I don’t think anyone would disagree with your long term forecast of WMH. The question is at what point is it best to invest? I am sure you will agree that it’s when the SP has hit the floor - I think we’ve already had that, I don’t see it going down to 29p again. You could buy 5000 shares now at 55p which would cost £2750 but if it was to fall to 40p you could get 6875 shares for the same outlay. When this comes to reach £2 per share down the line that’s an extra £3600 profit.
So the question is - is now the lowest we will have a chance to get these shares going forwards?
morbox i think online will be flying along esports is going to help. and the fact they have not drawn down on credit facility yet is a great sign. if online is keeping lights on then they may not need to draw down. as for not seeing 160p for a while i think you are under estimating how quick this will turn. i am looking at it this way no live sports but with 80% of retail wages covered i see wmh as 100p just as a virtual games bookie don't forget half the Americans were expected to visit a casino in 2020 some of that will flow to online. bring the live sports back into play? but imagine when this all sorts itself out business rate will be kept on hold the environment will be very cheap for company's to operate some will need this to continue but i don't think wmh will so it's a bonus money will be cheap to borrow. i am not stupid enough to think that company's wont go bankrupt and this is the risk it is all i concern myself with not the share price as i see it as 2-3 years 400p covid 19 market impact won't last forever if it stays with us we will just learn to live with it. the real threat is the recession it will leave us with yes if we get away without one i will be amazed. you can take some solace in this go check a chart for wmh 2008 recession i no it's not the same circumstances but neither was the sp this low and look at the rate of recovery not all company's recovered that quick. oh and my second biggest risk is getting bought out at a low ball offer? 400p 2-3 years with a divi appeals more to me.
Alto, as soon as sports start and casinos open, this will fly. Not sure if we will see 1.60 for sometime, but I will be increasing my holding at either low 30’s or when I feel that there’s light at the end of the tunnel. I’ve got on my calendar 15th May trading update, wonder how the online business is doing?
Gaming sector has the highest probability of a V-shaped recovery, Berenberg says, maintaining its "buy" ratings on GVC and William Hill
* The broker sees asset-heavy hotel operators as the most exposed in a downturn -- cuts Accor to "sell" from "hold" and Melia to "hold" from "buy"
thechancers, did the same this morning, sold at 62 got them back at 57. Don’t mine if they drop as I’m in for the long term. Only trade 2k of shares so not big money but at least it’s something. Avg now just under 1.42. Still the same holding.