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Hoping Webis take advantage of the plethora of sport starting to today and through the summer
Last rns stated……
“Further development upgrades will be forthcoming following the conclusion of the Triple Crown season.”
So maybe a good time to top up before end of June?
Interesting trades this morning. They don't seem to be the small amounts we often get here. It feels like something's afoot but how many times has that been the case with Webis over the years??
I will leave you to be confused and an apologist for a company that delivers losses and survives of loans from a company director. You spout positive messages but base it on feelings rather than anything substantial.
Please add any informative information otherwise continue to cross your fingers quietly
I’m sorry, a bit confused have you just been done by your namesake by the police? The price to sell has gone up 10% don’t worry about the market makers!!!!
Real spread all day was 1.267 on the bid and 1.45 on the offer (they would happily take 400k shares at 1.267 on the bid, however, anything higher than a 100k on the offer, went straight to 1.50 @best.
there is a buyer lurking in the background, with MM's willing to take much higher quantities above the bid, compared to barely even 100k shares available at below offer
Down at the close. No market, no demand or supply, no rumours….it is basically a holding company with intangible assets that are hard to value unless they turn the pnl around and quickly.
For the last few years it has shown a miserable return not mentioning the lost opportunity cost of placing the money elsewhere and with the spread releasing the cash is virtually untenable.
So forced to hold and hope but they have been up for sale long enough now, really is time for some proactive a management. There is not in a sniff of any suitor
This stock could easily move back up to 3p on any hint of positivity. It will be very interesting if and when we get any updates on turnover Improvement or more importantly any takeover or tie up deals in the offing
And irrespective of the licences I expect Webis to achieve significant profits this year with the revamped website all economies picking up and no wildfires or Covid outbreaks to dampen turnover has to be a re rate to 2p minimum
I agree totally, the licences do have real value. The American market is exploding and will just get bigger. Hopefully, this will be reflected in a substantial increase in turnover and get us back in a profit making situation.
The spread is still massive on this stock, but notice this week only buys not one sell I don’t think, everyone just sitting and waiting. I don’t think we will be waiting for long, onwards and upwards.
Keep the faith Imho
I guarantee that the uk betting market and bookmakers Wil not know what hit them when the affordability checks come into place every punter has to declare where the money is coming From. squeaky bum time for the big backers and layers not to mind the missus hovering in the background whose that at the door dear oh just 2 chaps wanting to know why I laid city of Troy horse 2k at 4/6 cue the long silence just all fictitious drivel from me here talking to myself but I still say these licences will prove extremely valuable as the uk betting industry will have to look elsewhere
Let’s hope you’re right Poppers
I think this is just about to rise a bit. Nothing happening but yesterday and today some decent sized buys and everyone is sitting on their hands waiting for the next move to play out!!!
Simon cawkwell on webis - 30th april 2024
Finally, Webis (WEB) this morning provide an upbeat declaration that they are ready to benefit in the coming weeks of the American turf season. WEB forebear to claim that profits are on the way. But if they are WEB is very cheap indeed at 1.5p to buy. Despite the fierce competition that WEB would face were it successful I still think the current capitalisation of the order of £5m is quite mad. This is worth a bet.
hTtps://masterinvestor.co.uk/evil-diaries/evil-diaries-good-examples/
Don't get too excited. That's just me taking a punt. Well the 220,000 is me anyway.
Not holding my breath, but it might spike on nothing someday. It might actually become profitable at some point too. I reckon that it's difficult for a bookie to loose money, but if anything can disprove that thesis then it will probably have an AIM ticker.
But 223,643 thousand did think so👍
Someone with 453000 shares didn’t think so.
Said on yesterdays evening paper that affordability checks will be carried out on all gamblers with a turnover of £500 per month and checks will be carried out on punters with a turnover of £150 per month online from June 2025. This will have a huge impact on all betting companies within the uk their profits will absolutely nosedive with the effects of this Has to make these Webis licences much more valuable fixed odds betting in USA the new frontier which ceo rings first thing Monday morning to take over Webis A sure fire winner imo dyor
Agree, it's a long term hold, although my gut feel is things are happening. A profit here would be a welcome novelty but I'm holding (more than I would like) against a takeover or merger.
They still have to make it work. Company has been treading water for years. Had bad luck with the pandemic and whatnot. Could be a ten bagger but needs to make profits. I'm a LTH.
I was surprised the share price did not go up further yesterday or today yet. I felt the RNS was quite punchy yesterday and finally it would appear that the BOD are showing signs of promoting their brand which is what the SP needs. Expect some fireworks in the coming days and weeks on very little news or trades
Any which ways I look at this I'm very pleased to have a small/mid sized buy and hold bet in play here.. Bad case it spikes on the right type of sneeze.. and so a traders play too.. good case it multi bags on a merger or t/o ( and look how tightly held a bunch of this is too .. versus the opportunitieS for regular - rallying - noise on any such take out or merger etc)
Was thinking the same. 1.45 to buy, 1.16 to sell.
Well done MMs, you're supposed to be making a market, not killing it.
Agreed. But why?
Would like to see flutter buy us out less competition for them in the future and before everyone laughs how many here actually know that bt own plusnet