Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good news today re Webis getting further backing from its principal shareholder.
Other key messaging today in the RNS reinforces the M&A angle many on here have been highlighting for quite some time re the value of the licences in the USA (& California in particular) that Webis holds.
* 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."
It's also worth pointing out in the current climate that other potential forms of funding are highly dilutive for shareholders so this, as they say, compares favourably with other funding possibilities. i.e. they have a HNWI shareholder with deep pockets backing the business. Perfect.
As I posted the other day Webis really does look as though it is lining itself up for a takeover having successfully renewed its entire portfolio of licenses in the USA. This makes Webis attractive for a takeover. M&A activity at 20p a share for WEB is realistic based on the value of our licences. Today, with the support of our main shareholder, we got that bit closer....
Good luck, Brighty
It’s good to still have the backing behind us. Yes the interest rate is a little high but don’t think that will matter too much . There were some current loans that were maturing soon anyway. The numbers sound promising and a further push with the website and app should bear fruits.
RNS seems to favour the lender with the 11% interest rate AND why if we had £3.9m in cash in Feb do we need to borrow more from the main man at the company. Surely it is not a way for him to extract more cash from the company?
.... & despite all of these licenses Brighty, Webis is not really making any decent money. What makes that attractive to anybody else I wonder? Why would they be able to make money where Webis can't/isn't?
Webis looks as though it is lining itself up for a takeover having successfully renewed its entire portfolio of licenses in the USA, including New York, Kentucky, Washington State and in particular, the ADW license with the Californian Horse Racing Board. Webis also holds exclusive Cal Expo rights until 2030. This makes Webis attractive for a takeover. M&A activity at 20p a share for WEB is realistic based on the value of our licences....
Good luck, Brighty
The only RNS we have had since the interims was about the sad news of the death of a non exec director. Surely there must be some sort of news/statement/ trading update to give us shareholders. Starting to annoy me tbh the lack of communication
Exactly right. I bought in to Webis many years ago as a long term investment. I fully expect that a takeover will be over 20p a share when it happens. It's just a case of waiting for California to sort itself out and then there will be a stampede to buy our licence (s), all of which have been renewed, in some cases until 2030, as per the recent RNS. Denham Eke, Webis Chairman, has been very upfront about M&A / Takeover actvity:
"As a result, it should come as no surprise that WatchandWager continues to be courted by large corporations, and indeed smaller operations with a view to software deals, strategic alliances, mergers or even outright acquisition opportunities".
That statement will do for me. i.e. It's a waiting game and then we are off to the races.....literally!
Good luck, Brighty
Hopefully 2p by 10am and 5 p by this evening tuck away £100 quids worth and it's not the hotel California you can cash out anytime just bring the share price up to its true value for any predator out there
Nothing will happen while spread is so big. Why wont they let it run?
We must be due some sort of positive update soon!! Here’s hoping anyway.
Yes I know been here for years, but volume will under pin the share price. a lot of sticky hands, so low volume moves it, but not in any meaningful way. Maybe one day!
Is there another ballot? Surely the Californians want to make money. What have they done with that racetrack that got closed. The failed ballot and the closure of the racetrack tanked the share price from 6-7p to where it is now. The share sat at 2.4 for years so this is maybe putting it back to where it sat. It does go up quick. They don't like to update the market much, perhaps NDA or more likely cantering on waiting for the next ballot.
Any sniff of news makes this fly.hope this time its the big one lol.
Morebox, Anyone that knows this share will tell you that equating volume to the SP is no use in this case. In the past, the sp has rocketed on the most ridiculous of trades both up and down.
To see quinnbet take these licences up .there business model stacks up in Ireland growing each year. Somebody will want the licences it has to be the gambling growth area dyor gl
....but still silence. I'm losing patience and feel this wouldn't need to rise much further for me to sell. Am I wrong? Is this ever going to be the multibagger we once thought it might?
It's up by 20%, 1.65p but volume is so low. I think nothing to see here, but hope I'm wrong!
This company can be worth a fortune going forward by applying the same principles that quinnbet has used so successfully in Ireland the USA fixed odds market will be the next frontier of organic growth for all gambling sites and it will be very interesting to see where webis goes .perhaps burnbrae themselves the majority shareholder will take the business and licences private themselves . I have had that scenario happen in the past and woul be happy with a premium currently undervalued up to 2p value then wait dyor
I've e-mailed Webis on several occasions to ask them to update on the Arizona Downs situation particularly as the racing commission was looking to revoke the tracks licence as they hadn't planned to run any meets this summer. I watched several of the Commission meetings where it was clear Harness racing was not going to take place this fall despite that being part of Webis' plan to expand its business.
Speaking on video conference during Thursday's monthly meeting of the Arizona Racing Commission, Arizona Downs co-owner Tom Auther said the Prescott Valley track had applied for dates in November and December, though he cautioned that a meet is "by no means guaranteed and we understand we'll be under real scrutiny financially." He said the track's goal would be to "pull together financing" and present possible race-meet plans during the commission's next scheduled Sept. 14 meeting. This is for thorough bred racing as Turf paradise is not racing this fall. as it usually does, as there's a sale going through and the new owner is looking to develop the site.
I would say all Webis's plans for Arizona Downs have fallen by the wayside but they haven't seen fit to update the market. This has been my main play over the last 4-5 years and I invested a 6 figure sum which is showing 50% loss at the moment. I hope this will come good and be acquired but I must admit I'm losing faith
But where is the promised update in reference to Arizona? Where is the self promotion and investor engagement? Will they make another loss this year?
Yes the intangible assets are undervalued but putting a value on the licences is a hard one to estimate. Is the strategy here to do nothing but wait as it certainly feels that way. No proactive actions and very little to get excited about on their tracks - revenues (as you would expect for a betting company) high, net profit disappointing.
Don’t get me wrong I hold and believe the company will be picked off but how many times can they state they are looking at opportunities only for complete silence to follow for the last 2 years.
Even Disney no less intend on going into the online gambling market this will be a future massive spinner fixed odds gambling in the USA when it's legalised in each state dyor
Very stagnant UK gambling market in UK.affordability checks reducing gamblers turnover. Bookies starting to look elsewhere for future growth ,USA next big frontier webis licences very valuable next great frontier here the individual states will need the tax revenue and will welcome fixed odds betting news must come shortly surely value here sub 2p dyor
Again this morning 3 large buys this week all on the quiet at very low prices playing a blinder whoever it is
I could not agree more with your comments tbh. I bought another 166000 shares today given the price. This is so undervalued but it needs a kick start which will hopefully come in the near future.
I think we will be snapped up in the next few months it’s just about being patient and a couple of positive RNS would be most welcome
Yes, Webis is under the radar but what makes the company really attractive are the licences it holds. These have real value attached to them. Webis is, imo, lining itself up for M&A activity having successfully renewed its entire portfolio of licenses in the USA, including New York, Kentucky, Washington State and in particular, the Advanced Deposit Wagering license with the Californian Horse Racing Board. Webis also holds exclusive Cal Expo rights until 2030. All of this makes Webis attractive for a takeover. It's just a question of when.....
Good luck, Brighty