Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Yes 21.45 dollar highs.
Nice to see it rising again. Fingers crossed it holds through results update.
Well done on Web. I sold out at about 1.8. To be honest, I am still not sure on it but it’s up and down like a .......so a reliable trading share. I was happy with what I took out, so happy to leave some for the next person.
GAN trading update this week, so a pretty important week for holders I feel.
Fallen below 18 dollars today. May see this falling sharply one day......back to IPO price even? I have cash to buy but think the mkts are rolling over so will wait a while.
Meanwhile WEB has had a great run up. Closed well up today too. Vote in California is next thursday.....thats the second vote. Very positive over next 5 years for gaming stocks.
Yup...couldn't sit on my hands! Added a few back at about $17.50. Will reduce down again if they get over $22 back to my core holding....I tend to be fairly strict on my holdings...learnt a tough lessons a few years back.
Early days, was expecting a pull-back. It will find its feet soon enough.
Well, I suppose this is why I always try and bank some profit on the way up. I have to say I am a little tempted to buy some back again....but also feel I hold the right number for my PF already. Hmm....this one seems to run in the opposite direction to the market.....but it was running v hot.
Another Niche ETF launched yesterday: Roundhill Sports Betting and iGaming ETF (BETZ). It is the first of its kind ETF globally designed to track the online sports betting and online casino sector.
https://www.casino.org/news/sports-betting-investing-has-new-idea-with-betz-fund/
"BETZ debuts as analysts are dramatically increasing their forecasts for the iGaming and sports wagering markets. Previous forecasts were $7 billion to $10 billion (assuming at least 35 states) but new forecasts predict over $20 billion. Analysts and investors realise that iGaming and sports wagering are the new frontiers of growth, in the gaming industry."
Always healthy to have a red day or two after such insane rises!
I bought them on HL.
Hoping they will be on trading212 soon because they don't charge any fees. :D
Couldn't resist it. Got some more at just over $20. More expensive buying these American shares now on HL with those exchange rate fees.
Top up time. Again.
Looking like we are going through a slight hangover.....may need a few days to settle now and pause for breath.
Top up time.
Wow. Cooled right off - perhaps I should have took a bit off the table yesterday! Oh well - maybe I'll have to top up now instead!
Tough start today.It was on the cards after yesterday afternoon, and we have had a good run since joining the NASDAQ.
Looking good again.
Wantt to get into Driftkings, but the price keeps going up.
Well done! Saw it get hit quite hard with sells at 26. Time for a little breather.......which we’ll allow!
26 dollars. 5.20 in pounds. Nearly a 10 bag on the ones I bought in March at 64p.
Yep, glad I stayed with the share. I've been buying a load more. I think this will continue to rise, so much money to make.
Yep. We are an elite group of happy holders!
$25 just taken out. What a share. Thank heavens for the switch to the NASDAQ otherwise can you imagine how many pages of drivel we would have considering the SP movement over the last 6 weeks!
Nice read. Looks like $23 on opening.
Have a good week everyone. Stay safe with the reduced rules!
Draftkings SP finished at over $40 last Friday, equating to a Market Cap of $12.4 billion. The company went public on 24 April and its opening sp was $9.76, so a 400% increase in less than six weeks. Their full year revenue for 2019 was $432million but in their analyst day presentation they anticipated upto $4.7 billion annual revenue (ie. an increase of over x 10). This is obviously a very optimistic and bullish statement but investors are clearly betting that online gambling will multiply and drive growth for many years. A few gaming related companies like Draftkings and GAN are currently in a very hot sector, where huge market cap values are being achieved, that are unrelated to past earnings, but reflect potential earnings over the next few years. The US Sports Betting Market is estimated to hit $5.7 billion by 2024 (based on 34 states) and $10.4 billion (based on all 50 states).
GAN's market cap at close last Friday was $612 million with an sp of over $22. This reflects an increase of over 100% from the opening sp of $10.6 about three weeks ago. An impressive increase but still well short of Draftkings within a six week period. Some analysts anticipate a possible sp for Draftkings of upto $75 per share. Draftkings has a strong first-mover advantage in online sports betting and is highly recognised among sports fans but GAN is thought to have advantage with their platform software and services solution, together with their leadership experience in the sector. I believe that huge investment will continue in this sector and a market cap of $2 billion for GAN is not unreasonable. The significant current increase in market cap to $612million will make GAN eligible to move into the Russell 2000 and the S&P Small Cap 600 Indexes. This in itself will attract large institutions and funds, which currently would not invest in lower tier companies. All very positive.