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.
Hoping Webis take advantage of the plethora of sport starting to today and through the summer
Started: Lakedale, 12 Jun 2024 11:13
Last post: Lakedale, 12 Jun 2024 11:13
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?
Started: SnazzyDodge, 12 Jun 2024 10:48
Last post: SnazzyDodge, 12 Jun 2024 10:48
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??
Started: Ravenspads, 24 May 2024 12:38
Last post: Taser, 24 May 2024 20:01
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
Started: Poppers987, 24 May 2024 10:31
Last post: Poppers987, 24 May 2024 10:31
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
Started: Ravenspads, 24 May 2024 10:18
Last post: Ravenspads, 24 May 2024 10:18
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
Started: Poppers987, 22 May 2024 09:55
Last post: Xophe13, 22 May 2024 14:53
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!!!
Started: SEA7, 13 May 2024 16:02
Last post: SEA7, 13 May 2024 16:02
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/
Started: Ravenspads, 2 May 2024 08:37
Last post: mpd12, 5 May 2024 21:10
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
Started: LeddachJack, 30 Apr 2024 09:30
Last post: TheSoundMan., 1 May 2024 18:06
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.
Started: Ravenspads, 30 Apr 2024 10:04
Last post: Ravenspads, 30 Apr 2024 10:04
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
Started: Torino, 30 Apr 2024 08:05
Last post: LeddachJack, 30 Apr 2024 08:22
Lovely RNS. Potential soon to start being achieved?
We will also promote these critical assets and make them more available to potential partners in the industry.
they will sell this sooner or later
The board should list on the US OTC too, American investors would pile into this.
Market should pick up on that, this is massively undervalued.
Bet365 I believe expanding to America and offering staff relocation,who knows maybe they will be looking to buy out in the future ,exciting times ahead
Started: SEA7, 29 Apr 2024 18:01
Last post: Ravenspads, 30 Apr 2024 07:49
Well it should be 2 p all day long good turnover expected this year shiny new website and a mass of potential suitors lurking in the background hoping to expand into the us market a recent survey in USA revealed 85% of gamblers want fixed odds betting would love to see quinnbet takeover a company going places and list on Nasdaq 5 years on be quick though somebody snaps these licences up
Let's see if it draws a bid.
I think Webis has had its chance as a stand alone business, it's time to move on and return some capital to shareholders.
Sounds as if the investment plan that they said they were going to do on the site and promotion is working well. Let’s see if it improves P & L.
Https://www.betting.net/reviews/watch-and-wager/
It’s worth noting that Watch and Wager are registered with a wide range of overseeing agencies. The list spans to Rosecroft Raceway, the Thoroughbred Owners of California, the Maryland Racing Commission, the Colorado Department of Revenue, Monarch Content Management as well as boasting an operators license that was issued by the California Horse Racing Board – these licenses are up there with some of the best online gambling sites and are trustworthy and authentic through and through.
What a joke a 40% spread.
As to Friday it opened at 1.2. Nothing to do with the single trade. As to why…..
14% up on a mere 1000 shares. Shows how easily this can rise ( and for the less optimistic fall).
I added today and yesterday.
I’ve just topped up at 1.10 I think it’s as cheap almost as it will ever be hopefully!!!!
Shouldn't be horse racing, looks like it's gone to the dogs! I'm only down 68% but I know if I sell something will happen so bottom draw it stays (In my head I've written off this so called investment).
Back down to 1p. Are the board alive?
‘Going in the right direction’. Good god your glass is three quarters full!
Surely all those stating this company is worth £75 are falling over themselves buying more….erm not by the looks of it.
And yes I am invested here but the hope of an unscheduled update is slim. Even in the regulatory filings when they state we will keep investors updated they never have. Hoping for that RNS one morning…..
Started: LeddachJack, 16 Apr 2024 13:06
Last post: Poppers987, 17 Apr 2024 13:15
It would be good to see a significant rise in turnover on this stock as most of the business is done in the US. Companies turnover and profits are rising significantly so in theory and hopefully the same will happen with us. This stock will surely get on an enormous charge with very little news it’s just a matter of when it happens. DYOR
Not seen web at this type of low. So many stocks like this. Trouble is so many delist. Don’t think web will do that but who knows. I am not a buyer of anything at this time except. For gold stocks but I am getting tempted here
I think you might of missed a nought off your recent post!!!!
50% rise incoming
Entain has reported a fall in revenue approx 7% in turnover in its largest market uk and Ireland due to increased affordability checks on punters there this is going to be the norm here for the foreseeable future an increasingly competitive market with shrinking turnover for each uk company which company blinks first and snaps up Webis the next frontier in fixed odds gambling a no brainier who wants the licences. 888 bet 365 V chandler. Quinnbet. Who wants them. A readymade parimutuel website and licences in a number of states A buyout has to come Fred done could be the one he is always a forward thinker dyor
Started: Xophe13, 10 Apr 2024 13:55
Last post: Xophe13, 10 Apr 2024 13:55
Started: SEA7, 8 Apr 2024 17:07
Last post: SEA7, 8 Apr 2024 17:07
From the last accounts...
As fixed odds sports betting spreads throughout the USA at an impressive rate, there is a growing demand by the larger operators to partner, merge or even acquire licensed pari-mutuel operators. Our internal market analysis suggests WatchandWager has a unique position in the USA as one of the top five licensed operators in our sector. Our stable platform of technology, payments, licenses, and most importantly content, is of interest to the larger sports betting operators, who are looking to augment their gross margins, which are under increasing pressure. Our licensed operation at Cal Expo with its “bricks and mortar” presence in California, enhances that position, especially in relation to leverage in California and the USA generally
Started: Poppers987, 26 Mar 2024 07:59
Last post: Taser, 8 Apr 2024 14:04
You can sell at 1.08, buy at 1.275 and the price is 1.1. Figure that one out
I have just seen on Bloomberg that Flutter turnover in the US up 40% and profits in America set to triple. Our stock and turnover has to take off at some point in the very near future.
Https://standardbredcanada.ca/news/3-25-24/give-me-dance-named-california-horse-year.html
Published: March 25, 2024 01:50 pm EDT
Perez talked about such items as an increased new horse incentive for the future 2024-2025 Cal Expo meet, the solid horsemen’s agreement and contract with Watch And Wager through to 2030, along with remembering horsepeople and horses who had passed away in the past year.
Chris Schick, general manager for Watch And Wager, spoke about the current successful meet at Cal Expo and the promising future for Cal Expo horsepeople.
Cawkewell talks about webis in podcast dated march 18 2024 ..
https://www.youtube.com/watch?v=XZe9phFC05o
starts at 33 mins
he reckons losses coming to an end and has terrific opportunity. He extols the virtue of monarch agreement and the exposure to the big race courses. Says webis has a tremendous range of contacts built up over time. Thinks webis could be a huge beneficiary of the drive towards legalised sports betting in the US.
Simon cawkewell on webis 1st march 2024...
https://masterinvestor.co.uk/evil-diaries/evil-diaries-online-betting-and-the-web-of-influence/
Webis (WEB) controlled in voting terms by the chairman and whose father, Sir James Mellon, was on the board but died perhaps six months ago, reported a few days ago. These figures are pretty bleak but, intriguingly, Denham Eke, now de facto non-executive head honcho, remarked en passant that WEB expects an approach from somebody to get a toehold in American horserace betting. That seems quite reasonable to me. WEB is tiny – capitalised at about £5m which is just a few chocolate cakes from Tesco. Therefore punters are advised to sit tight although, obviously, not to bet when tight. Toe-dipping at 1.2p seems perfectly sensible.
Started: Ravenspads, 15 Mar 2024 10:26
Last post: SEA7, 25 Mar 2024 12:17
Taser - re the £75 million valuation for the licences.
the recent attempts at passing Prop 26 and 27 in california for sports betting didn't get anywhere and it is probably not likely any time soon - even then, they would only legalise in person, so online would be many months later - talk is of 2026 to 2028 before you see this.
Prop 27 proposed a $100 million initial license application fee for sports betting.
The proposal also required license applicants to be authorized to operate in 10 other legal betting states.
..
webis is one of only a few players already in california, who are already in compliance and would therefore not have to pony up $100 million - that fee that was proposed is one hell of a block to new start ups... it is cheaper to take over webis and obtain the licences.
https://www.forbes.com/betting/legal/is-sports-betting-legal-in-california/
you will note in the link below, that webis - watch and wager is one of only nine players in the licensed horse race betting...
https://www.bettingusa.com/states/ca/horse-racing/
California law requires all operators to apply for licenses from the CHRB. This process includes obtaining a $500,000 surety bond, undergoing a background investigation, and securing agreements with local horse racing associations.
Additional regulations require California horse racing betting sites to document all financial transactions with their customers, submit to on-demand audits, process withdrawals within five business days, and much more.
The demanding licensing process establishes a high level of security for all authorized ADWs, but a few stand out from the rest in terms of overall quality and reputation. BettingUSA recommends the operators above because they have the most experience, handicapping tools, and promos.
‘The holy grail in licences’…Do you get the feeling the market doesn’t agree.
One of the only betting firms I know that fails to make a profit year after year.
The reality is that the hoped for opening up of California disappeared with the failure of the proposal and it looks like the earliest date is 2026.
I am still fascinated by the valuation of £75m for the licences. There is a lot of wishful thinking there.
We need to sell up as soon as possible as we consistently lose money. There is value in the business and of course the licences but as a business looking for a buyer rather than being approached directly investor should temper their ambitions.
However, any gossip, rumours, information on interested parties has been thin on the ground to say the least.
Tumbleweed…..
Aka Entain are in talks to sell off numerous licences that they bought Into including the Netherlands as they grapple with affordability checks in uk and sluggish turnover and they said they want to concentrate on there fastest growing market the USA Webis have the holy grail in licences imo surely someone with gambling foresight has to step in here even a private equity fund to set up then list company on Nasdaq surely a no brainier or am I missing something read Entain news today if you like and correct me accordingly blistering cheap imo buy dyor
Started: Lakedale, 23 Mar 2024 15:16
Last post: Lakedale, 23 Mar 2024 15:16
Started: Lakedale, 23 Mar 2024 15:07
Last post: Lakedale, 23 Mar 2024 15:07
In the summer of 2022, California governor Gavin Newsom, apparently high on the smell of cash, announced that California had just smashed through the state-budget equivalent of the first four-minute mile: a one-year surplus of $100 billion. Calling it “simply without precedent,” Newsom bragged, “No other state in American history has ever experienced a surplus as large as this.”
“Neither the governor nor the Legislative Analyst’s Office acknowledged how precarious that ‘surplus’ was,” says Mark Moses, author of The Municipal Financial Crisis: A Framework for Understanding and Fixing Government Budgeting.
Just one year later, in 2023, Newsom announced — this time without the trumpet blasts, chest-thumping and press tour — that California was $32 billion in the red. Today, the governor is staring into the business end of a $73 billion deficit.
You didn’t have to be a prophet to see the financial chaos coming. In this state’s notoriously mercurial tax system, which depends largely on revenue from just 150,000 wealthy Californians and massive, occasional paydays to investors in the state’s tech sector, what went up in 2022 was certain to fall hard, fast, and soon.
Nor did the governor acknowledge the troubling fact that there was never a surplus: Even in the go-go days of 2022, California’s state and local debt was accelerating toward $1.6 trillion, about 17 times Newsom’s one-year “surplus,” which included unfunded retirement benefits for government employees.
The bottom line: The bad news was a surprise only to those who took Newsom seriously.
For those people, the first red flag popped up in December, when the independent Legislative Analyst’s Office (LAO) pegged the deficit at $68 billion. With the doomsday clock ticking, the governor’s finance office issued a bland but candid “budget letter” to all state agencies, urging them to throw overboard anything not nailed to the state constitution.
“It is vitally important that state government is efficient, effective, and only expends funds that are necessary to the critical operation and security of the state,” the finance office declared. “As such, all state entities must take immediate action to reduce expenditures and identify all operational savings achieved.” That would be sound guidance in all circumstances. But this is California, and back in 2022, when Newsom was still feeling like the casino’s biggest whale, he spent as if there’d be money forever, boosting spending to $308 billion, more than double Jerry Brown’s last, 2019 budget of $140 billion.