Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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At a large premium to existing shareholders. They know the value of the USA states gaming licences that’s the dream anywsy
Received on the 25th October
There is nothing specific to update so I really don’t know the reason for the large drop.
We would have announced anything if required
Annual results for 2022/23 will be out no later than end Nov 23
With Regards
Ed
Ed Comins
Managing Director
Webis Holdings PLC
Operators of WatchandWager.com LLC
Doesn’t bode well
Not sure why final results not posted yet, unless they have asked for an extension but cannot understand why they would need to
Should be out by next Thursday at the latest according to the company.
Must be value in this share at this price
Final Results from WEB will be published within days, judging by previous RNS'. In 2017 they were announced on 21st November and since then it has been between 21st and 30th November each year....
Good luck, Brighty
At least racing resumes today, prize money increased full schedule until May
“For the sixth consecutive year, overnight purses have been raised, the late-closing events have been upped in value with a focus on the aged Diamond Horse Alliance contests and the incentive program for horsemen has also been increased.”
Good to see some blue on the board even if it is at stupidly low levels. I’d be keen for a top up if I had some spare dosh. Results due in next 4 weeks. Let’s hope for good news. Enjoy the weekend folks.
Sold out of web at over 2p a while back and looking to around 1p to buy back in. Close now. Things move slowly but we usually get a strong spike at least once a year. Buy low sell high. Just all in slow motion with Web. Has a billionaire investor and Burnbrae throw more money into the pot every now and then. Dull, boring, yawn fest. I have never lost money on web but.....sleepy, yawn.
I was going to write some in depth reasoning behind all this but to be honest I can't be bothered. Unfortunately the apathy shown by the board has rubbed off on me. Don't want to write off £50k by selling but can't see me getting my money back anytime soon. Back to work
Seriously anyone heard anything to cause this to fall again? 30% in 2 days
Incredible to see three trades of a total value of £3,000 wipes 10% of the value of the company.
To be honest most people here have been incredibly patient whilst increasingly sitting on high paper losses. The issue here is one of engagement and trust that the management are backing their words with actions. It is operating at a loss there needs to be a more proactive approach now.
Some director buys would be most welcome. Time for payback to the companies long suffering supporters.
In the end a sale will come out of the blue.
Bottom drawer if you have the patience.
In the latest RNS they role out the same old boll@C&s
Ed Comins, Managing Director of Webis, stated:
"Webis is very pleased to receive further backing from our principal shareholder. Their expression of support is important for the Company and compares favourably with other potential forms of funding considered. Webis stands in an excellent position in the USA gambling market and particularly with our array of content and licensed presence in the USA, particularly California. These are key assets that are not readily available to new entrants into the market, and we look forward to continued discussion regarding any potential partnerships, mergers, opportunities, and acquisitions to continue to build our strength."
How long have they been talking about his now - 3-4 years and still nothing
Is this a functioning company or a shell with licences?
The lack of newsflow is borderline negligent.
Share value ground down due to unambitious and undynamic management. Sell up and let’s move on.
This is the 2nd Tweet (X?) I’ve seen on the topic - could legislation make the 2024 calendar yet in California?
https://x.com/matthewkredell/status/1711321565839978642?s=46&t=reOxS0uqKjgSconptGwvHQ
Also, with MGM advertising their online betting service in the U.K., I do wonder why we ever stopped our betinternet.com site (it’s been so long I can’t remember the reason).
There's more M&A activity in our space today, with a particular focus on the USA, with Entain's £122 million deal for Angstrom Sports (£81 million of which is being paid in cash upfront).
* "Angstrom's proprietary offering secures Entain as the only global operator with highly sophisticated in-house forecasting, analytics, risk and pricing capabilities for US Sports betting markets".
* "Entain's capabilities, coupled with our global scale and market leading platform will provide customers with an unrivalled US sports betting experience, differentiated by its breadth of betting opportunities and products".
Notice the emphasis on US Sports betting. There's a real focus on the US from the big boys which bodes well for WEB and its licences...
Good luck, Brighty
Turnover €145 million Ebitda €32million - slightly different to Webis. I think we might be wat too small for the big boys to be looking at. Hope I'm wrong
More M&A activity in Webis' space today with Flutter buying sports betting company MaxBet for £123 million in cash. They've taken an initial 51% stake in MaxBet with the opportunity to acquire the remaining 49% in 2029. It's coming....
Good luck, Brighty
I am very happy about the refinancing and glad our main shareholder is injecting the working capital. This is a far better way than diluting down the stock all be it a high but fair premium.
This should enable us to go to a different level, and make us even more attractive to would be suitors and or M and A.
Things have been quiet on the news front, but basically this could be what’s needed to take our company and hopefully the share price to a totally different level in the near future.
I can't see anything bad here, it's funny the MM dropped the sell price but the buy price remains the same. We are still waiting for positive news but I'm prepared to hold. They are still well positioned in a massive market. Creating a dynamic website like GGPoker, BET365, etc is the way forward.
In the Feb 2022 Interim Report
Longer term
Existing operations
The Board remains optimistic regarding the current state of our business. Most importantly, our B2C operations are now contributing the vast majority of the margin derived from the business and we see that area as our focus for existing operations. On that note, the Executive are currently preparing detailed software development, payment processing, marketing and regulatory expansion plans for our core website. These four factors underpin a successful USA licensed online wagering site. There is, however, an obvious cost to all four of these items, some of which can be financed through existing cash flows. This investment is critical to the future growth of the business and indeed our market valuation. The Board will keep shareholders fully informed of any decisions to invest in the current wagering platform.
So todays announcement fits with their long term strategy from 2022, the problem for me is everything takes them so long to implement.
Better to commit for high interest pay in future than dilution now ,assuming they will have good use of the funds.....IMHO.
Try and get financial help these days and you find out they either not available or incur rather hefty conditions.
At last something to chew on.