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sports betting and gaming was as lucrative as a company like WGP make it out to be then there is no way that Betbutler/WGP would have been able to secure the football deals away from established operators like Paddypower, Betfair etc - WGP are basically saying its a licence to print money in the UK - that has to be a load of tosh, if it was that great then they wouldn't have even got a look in. Well do they even have any rights left anyway i don't think so?
Kinda given up hope on this one. Tiny chance of ever getting anything back on this I think unfortunately. Not completely impossible but the odds most definitely look stacked against it!
....is that its finished.
Question is will we all lose out when they reinvent themselves like before?
That last posting was just to give the last part of the placement memo produced by WGP I do agree.....its as daft as all the previous projections. However, they have managed to reinvent themselves before...so who knows
All this potential activity and revenue creation, based on a patent for the underlying technology that appears to have been written down to a £1 value for the purposes of a winding up and allegedly moved elsewhere? If the patent value is a differing amount, in reality much greater, why not raise obviously much-needed funds against the patent asset?
If you wanted investors to put money into a company i think you would not publicise only a £38k profit - making statements of £3.8m profit is surely a sure fire way of encouraging small private and sometimes inexperienced investors into parting with their cash no? but is it moral based on the facts - especially since none of this story includes the huge sums they owe to 3rd parties. Would love to see the P&L forecast..
Looking at those figures, they must be profitable already or certainly will be in 5 weeks time (£55K in the black (EBIT)) and £374K in the black by March 2013. So they do not even need investment because they can self fund. Something does not add up.
I have to say, even in my near seven year history with WGP and having seen some outlandish projections, these profit projections for the next twelve months are even more staggering from where we are. I would like to point out that the numbers bear absolutely no relation to the memo of two week's ago from the same authors which forecast profit of around £30K. Is it possible those numbers are not in thousands and they mean £38K profit (which would bring it back in line with the memo posted earlier this month)?
I thought that Jackanory went off air years ago. Oh, here is an excel spreadsheet and a nice upward curve showing a healthy profit of £3.8mill after 12 months. Who is creating this rubbish, its absolute nonsense ! if it's that easy to raise money ...my god....do people really buy into this ???
So a placing at 800p is coming then ? (-; Or is that all the remaining copper wire at WGP World HQ is now worth?
Quote "the client figures for Betbutler have been based on Worldlink's assessment of the opportunity" - so an established betting firm is relying on a technology company to make assessments of betting and gaming revenue....well that has to attract the investors...
i guess its a toss of the coin as to your version or the other version as to whats going down and whats going to happen lol gl to all of us lololol
WGP are projecting £3.8M PROFIT by December 2013? Also, the quarter we are halfway through will earn £112K (so they already have circa £60K in the past seven weeks? Is that the case SD?
I can definitely see why Betbutler wish to merge with Worldlink, because they have built up such a a lot of goodwill and a solid reputation for good business ethics in the sports community. No brainer ! lol I bet the clubs are just waiting with open arms to welcome them back !! Has the person who wrote these "reports" been in deep freeze for the last few months or just deluded !?
although it is acknowledged there is active discussion concerning a possible merge? between Betbutler and Worldlink??
Financial Projections Introduction The projections have been prepared from management assessments of the markets, opportunities and costs and presume the commercial arrangements concerning Betbutler and Worldlink Brokers are entered into in the short term. The Worldlink Sport business has been forecast on a contract by contract basis taking into account those contracts which are within BetButlers control and those which are under Worldlink Sport Control. Worldlink Sports has been forecast as a fully owned operating subsidiary of Worldlink Group, although it is acknowledged there is active discussion concerning a possible merger. The Worldlink Brokers business has been forecast on the basis of it being a Joint Venture with the JV covering all costs. Worldlink is the recipient of a 40% share of the commissions. Within the Worldlink Group headcount is an Operations Director who is an experienced broker who will be intimately involved with the Broking Business and will take responsibility for the cross selling activity between Worldlink Sports and Worldlink Brokers. All forecasts have been prepared on a monthly basis until December 2013 although they are presented here as quarterly projections. The forecasts are presented as one for each of Worldlink Sport, Brokers and the PLC and these are then aggregated and the usual adjustments made to forecast cashflow.   Worldlink Sports WORLDLINK SPORTS £K Q4 12 Q1 Q2 Q3 Q4 Clients at Quarter End Bet Butler 16,500 33,813 54,381 80,671 107,371 Worldlink 5,470 10,010 15,029 21,697 28,878 Total Clients 21,970 43823 69410 102368 136249 Q4 12 Q1 Q2 Q3 Q4 2013 Patent License Income 10% of BB Net Losses 88.5 244.1 421.1 653.3 881.1 2,199.6 Worldlink Net Betting Revenues Post 3rd Parties 112.4 307.2 472.4 699.3 942.0 2,420.9 TOTAL REVENUES 200.9 551.3 893.5 1,352.6 1,823.1 4,620.5 OVERHEADS Heads 109.2 130.7 145.7 162.5 178.2 617.1 Heads based Costs 8.4 10.8 10.8 12.0 12.6 46.2 Facilities 13.8 14.2 15.0 16.4 17.1 62.7 Professional 14.4 21.6 21.6 21.6 21.6 86.4 Total 145.8 177.3 193.1 212.5 229.5 812.4 EBIT 55.1 374.0 700.4 1,140.1 1,593.6 3,808.1 Note that the Worldlink Net Betting Revenues are calculated net of payments to 3rd parties of 25% and include both Sports Betting and Gaming revenues. The client figures for Bet Butler have been based on Worldlink’s assessment of the opportunity.   Worldlink Brokers Worldlink Brokers has two relationships with providers of broking services, Jarvis Investment management (JIM) and Saxo. The JIM relationship stems from a previous initiative and the objective is to maintain the client base but grow revenues though better promotion. JIM principally serves casual investors with infrequent modest trades. The Saxo offer is very sophi
Actually, that is a good question from Breakdance. Is it safe to assume your source is not Worldlink themselves?
no offence intended matey, was just having a laugh in general about the situation we find ourselves in here in good ol`wgp lol and how nothing seems to go right lol once again sorry if it sounded bad the way i put it
it is always "the deal is about to happen", "the funding is almost in place", "we are in negotiations with", "an imminent RNS". No change, nothing to get excited about, I am sorry to those who have lost out but I suggest you write your investment here down to zero. We have all made unlucky investments in the past so you are not alone.
I cant counter that news because positive conversations have been going on with potential investors for a long time, its always positive, always about to happen any day now, and always funding is on the horizon. Very positive outlook as usual. PS any "positive" sign of the accounts yet that were promised end of October? Yours positively x
Is this info from a neatral source?
appreciated now all we need is for cityboyz to come here with his inside info to counter what u have said lolol
Thanks also. Are they planning to relist or keep it off the exchange for now?
Thank you