Roundtable Discussion; The Future of Mineral Sands. Watch the 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.
Unbelieveable Geoff! The RNS does nothing but confirm that WEB will keep on plodding on the same as before and the sp is up 35%!
These shares will never touch 1.5 p again as 18 months have past and California will have to come to the table again very soon to vote on legalising fixed odds gambling The clock is ticking dyor
Some years back this was sat at 8p and was deemed cheap with the "potential". Really nothing has changed much in regard to that other than now so much cheaper to buy.
Come on WEB, you know you can ruse better than this. No1 on the riser board would go down well for Xmas.
Brighty - I agree with everything you've said there.
LeddachJack - Long long overdue!
Due one of those annual Webis 200% days lol.
It's also worth pointing out that the ADW license allows Watch and Wager to accept online pari-mutuel wagers from residents of California on its range of global content. This is a huge incentive for a bigger rival to buy Webis for this licence alone = $$$$$$ millions
The other point is that the license renewal with the CHRB is strategically important to the company, not only for its access to the biggest population in the United States and one of the largest economies in the world, but also for the potential of offering sports betting to California residents when the state legislature passes this into law. i.e. once this becomes law in California the value attached to Webis' licences is going to increase very significantly = $$$$$$ millions
It's a waiting game as always but one day we will wake up to a monster T/0 RNS. As to a buy out price: nothing below 20p a share is my expectation.....
Good luck and happy Christmas, Brighty
It's just a shame they wrap up about 5 RNS's into 1
With the forthcoming gambling bill in itreland and the affordability checks on English gamblers bookmakers profitabilities will definitely be impacted and the USA will be then next new frontier for fixed odds betting . Some large firm has to make a play here to get a piece of the action. A well funded company Webis with a current high turnover website licences in numerous states What’s not to like here has to be a takeover target
Top up here for me this morning .. this s/p has fallen far too much thru 23 .. todays RNS proves much of that fall was unjustified
imho and dyor
Couldn't not buy this on such good news. sp totally bombed out so great entry point. GL all my fellow crimbo chappies!
Have traded this quite a bit over the years. Back in this morning !!
So the board are alive!
I think tipsters always tip this one every Christmas for a rally much too cheap with current turnover and the jewel in the crown California licence the state needs the tax revenue this share has to be a play at this price
All good news.
What price for a takeover? 10p? 30p?
Good news on licence renewals plus an updated Monarch agreement announced today from WEB. Highlights from the RNS today include:
* The company has renewed contracts with major international racing jurisdictions that include Australia, Canada, France, Hong Kong, Ireland, Japan, South Africa, and the United Kingdom.
* The renewal of the contract with Monarch adds to the array of content agreements held by WatchandWager, both domestically and worldwide. WatchandWager possesses the largest number of racetracks available to wager on globally, including the premier racetracks operated by Churchill Downs Incorporated ("CDI") and the New York Racing Association ("NYRA"). Those agreements give WatchandWager players full access to the US Triple Crown series in 2024.
* In addition to these domestic agreements, the company has renewed contracts with major international racing jurisdictions that include Australia, Canada, France, Hong Kong, Ireland, Japan, South Africa, and the United Kingdom.
* Webis also confirmed the renewal of WatchandWager's major regulatory licenses in the United States and the Isle of Man (UK). Among the licenses renewed are the strategically important multi-jurisdictional wagering license from the California Horse Racing Board (CHRB) and the North Dakota Racing Commission (NDRC).
This screams WEB has its ducks in a row for a T/0.....
Good luck, Brighty
Takeover mon morning
A ban on gambling advertising in Ireland will have large detrimental affect on turnover .in England affordability checks on punters Will cause grave problems for the turnover of many companies. The USA is very much the next frontier for fixed odds gambling. The California licence will be priceless its worth more now than the value of Webis itself. A full year has passed This legislation will come to pass early in new year California needs taxation revenue here . It will come to pass Webis will be snapped up dyor
Don't you guys ever read anything? How can you invest in shares where all you have is pious hope it will suddenly double overnight? California is not in the forefront of the company's hopes in fact they said it was to the company's advantage that both proposals put to public vote in California were rejected. Also there is very very little chance of harness racing in Arizona as 'other interests' are at work. And in the fundraising RNS of 15 Sep this is what they said about developing their product:
"The new funding of £750,000 will enable the Company to invest further in its business-to-consumer sector ("B2C"), recognising the growth potential of this sector. Specifically, the Company intends to invest in a programme of further software developments of its main website www.watchandwager.com and marketing the mobile product. As previously reported, the Company has been very encouraged by the operation of our platform in considering the limited investment made to date. The platform has performed well, and we can see the opportunity to further grow our market share in the USA. As we improve the user experience, we will further invest in key marketing techniques, especially player recruitment and retention with special focus on online marketing techniques. We will keep shareholders fully up to date with developments. "
If that was it all would be good. The issue however is that they have been a break-even minus company forever - 20 years or more - sustained by their major investor Burnbrae. At no point have they achieved a critical mass that would give the some clout in the market, or make them an attractive takeover target. So 'same old, same old' is probably right, but not for the reasons given in some of the comments below.. And as for the results does it matter that another set of indifferent results is a week late?
Trade this stock, don't marry it. At some point it will have another run and at the current price it is near the entry point. Buy them, put them away, and when it does have its run, remember where you put them.
Either way I'm back in at these prices
Yes - it seems they think they just want to wait for the magical legalisation of sports betting in California rather than trying to be proactive and develop their product. Sad to see nearly 7p in April 2021 down to nearly 1p. Slow slow demise with as Taser says ' the same old, same old' !!!!!
Interesting is probably not the first word that comes to mind after seeing a further 10% fall.
This company is a disgrace. No updates when promised and the same rhetoric year after year. This years losses increasing and not even a sniff of the potential tie up spouted year after year.
The board are killing this company
Interesting sudden move down today, which the trades don't really support.
I've added another 110,000. I still see this as great potential return, I've just no idea when.
Well, having studied the RNS a couple of times I feel pretty positive about what I’m reading. Slightly disappointing to have made a wider loss, but there seems to be fair reasoning behind this with bad weather and tighter market conditions and competition.
However, the positives far outweigh the negatives, the big one for me being the website development taking place in the first 2 months of 2024. This is key to the development of the company and also its value in the market place. This along with the value in the licences and the current live racing with a chance of another track coming on board makes us a suitor for other betting organisations.
This has been a very slow burn, and at times very frustrating. However, I strongly believe that 2024 for a number of reasons will be our breakout year.
Keep the faith, you will be significantly rewarded.