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.
iang I did have a wobble at 160p and sold, however if it wasn't for the advice here I wouldn't have bought more at 107p after 6 weeks of daily falls. This has been one hell of a journey
Yes cj it has been incredible honestly my first share and absolutely loved it what a rollercoaster ride mayb next time not such a volitile share lol
That’s nice to know, thanks Ian. You have made brilliant decisions on your own though and your profits are your rewards for those decisions.
I’ve enjoyed posting on the forum here, we have had a really good set of posters who have all really believed in WMH, even during that horrific retrace from 163p to 104p, it was tough but it became clear it was share accumulation by the market makers.
We all believed we were on to a winner, many people came on and told us this share was not worth much more than a pound and the share price was the fair value, some cake on saying it that it would fall back to 65p. Even investor chronicle believed that.
If the end of the line is coming for WMH that’s a real shame but at least we know we got it right investing here.
I sold at 190 then bought back in at 185 but had to pay 186 it cost me 54 k what ever that works out at my initial invest ment was 27.500 from March at different prices sorry for confusion I didn’t explain my self I said on one of my post I got out and was lucky to get back in , it was funny seeing my transactions come up on the sales lol
Yes you were right to be extremely excited by Fridays news and the profits you thought you would make. There will be a lot of people feeling very distressed that they sold out in recent times. Poor zxblue300 sold out at 118p, how must he feel now seeing the share price just 2 months later at 273p? You had a little wobble at 163p and then did well when you sold at 190p and bought back in at 185p and held last week when Boris announced Covid restrictions and Covid numbers were rising.
I’m going to hold until this is sorted and then take a break from shares until March when winter is over and Covid crisis is over, then I’ll try buy back into a new share.
29090 shares
Iv got 20090 shares my current balance at HL is79768 exactly
I just said to novice42 I had a wobble at 163 and to b honest I read your post and it eased my mind and I owe you big time just like to say thank you and I do think this is over at wmh unless Apollo or another firm come in and blow ceasers away , you never now , iam going to put a few grand into dart group 1950 befor Covid now we’ll under 700 a no brainier for me good luck cj
iangibbins67gmai
Yesterday you said you had 29,090 shares at £1.86.......................so at £2.72 you would be £25,074 in profit? Bit off £50k!!
I know , but no one could see this coming , I had a wobble at 163 and nearly sold , just luck I didn’t , I thought Friday this was going to b life changing for me , 500 atleast back down to earth with a bang , to old for cartwheels tho lol
I can’t believe it was all kept so quiet for almost 4 weeks since the first offer came in. At that moment 272p was quite an interesting offer as I think the share price was around 170p to 180p. But since then the ESPN deal raised the share price up significantly and I wonder if the Dunn brothers had inside info to buy in at 180p - after all they hadn’t bought in when it was down at 104p to 120p in July. The Dunn Brothers have done amazing out of this buying in at 40p, 120p and 185p.
Fridays action and rise to over £3 a share clearly showed that everyone believed the offer had to be over £3.50 a share. £3 a share equates to WMH being worth $4bn. On WMH’s own investor prospectus https://www.williamhillplc.com/investors-centre/why-invest-in-us/
they include this sentence:
We are diversifying our global reach through organic and inorganic growth. We anticipate the US, where we have access to 24 states2, will be the largest sports betting market in the world. Following the overturn of PASPA, estimates forecast the market will grow rapidly to be worth between US$5bn and US$19bn3 by 2023. We will continue to expand our Online offering into high-growth global geographies beyond the UK.
When WMH have a 25% market share in the US right now and the capital to buy licences in more states when they legalise sports betting, it seems bizarre to approve a deal of around $3.7bn for the whole company.
Good article find AF2018, I think that sums it all up perfectly. I think it’s a real shame and really disappointing that it would seem that WMH’s board of directors seem to approve this deal and are seemingly not eager to continue the great work they are doing in the US. It’s as if they are saying their work here is done, now it’s time for a giant like Caesar's to take over.
I was excited about WMH long term, especially once Covid 19 is over. But there have always been huge concerns about the UK business, it’s a hugely competitive market and the gambling restrictions such as fixed limits on gaming and potentially more to come online means the US was where it all lies.
At the end of the day we’ve all done nicely here, Ian you’ve done incredible, you should feel very pleased at what you’ve achieved. If this is the end of the line it’s only the end of our WMH adventure, it will be time to look elsewhere for other investments.
Not so long back another investor was having sleepless nights on his 40k bet bet he's doing ****ing cartwheels now ??
****ing hell that's nice iangibbens well done ??shame you celebrate and go on a free holiday ?? but when I'm done here I'm looking into the beat up sectors as I think there not all doomed but that's another days discussion
Apollo would have known about ceasers deal with William hill ( clauses) they would obviously love to get wmh away from ceasers , so you never know , if they do 272 is a steal , for me thinking , iam over 50k in profit at 272 , I will b looking out for signs that all is not as smooth as ceasers think
Just read the ft article and I think there saying it's 1b cheap , I've made a nice profit but I've been in today early doors and 175 or less I'm going again I think I can't lose money but I'm thinking this ain't over as apollo know ceasers inside out apparently
Just read AF’s article post, as I said last week, It would be difficult for any company other than Caesars to do a takeover because there interlinked. Apollo must have taken this into account. Maybe they would be happy to sever the Caesars link. Apollo sold old Caesars so there’s history with them. If the link is broken, what market share would WMH have! At the end of the day William Hill is known as the leading sports book company in the US, Caesars know this and that’s why they want them. Does Apollo see the potential without Caesars? We will see soon enough.
Thanks noice I will I would love to hear what cj thinks
Watch the market over the next few weeks to see if the agreement is not as watertight as ceasers thinks but reading into it I think 272 is about it unfortunately but some people think differently as it's higher than the offer price but people could be closing positions, no need to cash in yet just watch . We achieve our aim to make money but I'm a greedy ****er and want a bit more??
We all knew that wmh could have a take over , it is just the fact the price 272 I honestly can’t believe they even considered it , but we also know it was a complete set up I could not believe how well the company were doing making all the right decisions, full of praise for the board , but all by ceasers they have been behind all of this , very very clever
I see ceasers is up today they must be laughing there ****** off celebrating
Totally agree with you morbox and novice it will go through may b to show face it might rise a little but yes it stinks , good luck to you both ,
I don't know, but as other have said, there's a big whiff of something in the air. Maybe the Apollo approach initiated WMH talking with Caesers. But interesting, I know you can't be sure they're buys but alot of after hours, large ones. Only the ii's will be able to stop it, us pi's have to take the crxp. Personally JV 50/50 would have been the best outcome (well £5 would have been ok).
At the end of the day, we are all up with the deal, but you just know if this goes through Caesers are getting a big chunk of the future US market cheap as chips.
Personal feeling is a slightly better offer will come but not a gigantic one by ceasers if we play hard . But like u say this was sorted a while back and I'm thinking they didn't expect the price to rise up 312p there getting us cheap imo. Ceasers had time to alter agreement so any potential rival will be put off so 272 is the base price and I've added a few more today as I'd only lose a bit of commission and duty as I'm hoping for 330 which I think the most respected gambling analyst had as a target (jefferies) in his note today we could be 480p if things went well or 80p if not so that's gambling all weighed up for you but I'm not hanging around if the deal is agreed but not finished until mid 2021 I'm cashing in then starting my quest for the next cash cow. Gla
Cj, morbox ,novice42 , what do you think , I think it’s a carve up and this deal done weeks ago , is there any way it will b stopped ?