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Should be a decent recovery play from here with lockdown over and business resulting to more normal levels.... Covid hit WMH as it did most businesses but they have managed finances very well and with lockdown over they are well positioned to recover and resume Big growth in the USA. The vat refund is a big bonus and bolsters the balance sheet.
Repaying furlough loan back to the gov i assume paves the way for a divi return once things are back on track?
Book build placing at 128p during lockdown in may so its still cheap below that imo.
There have been remarkably low volumes bought and sold today, hence not much movement in the share price. It’s frustrating but the half year results confirm that WMH have so much potential and are a great investment medium/long term.
If they hadn’t paid the furlough back they would have been up..
But then again the pr be more expensive
Don't say we are gonna get stuck at 120 again lol
i must admit i was a bit worried yesterday .but after results like that in difficult times .my fears are gone.expected 130 at least .someone is collecting i think,big buys coming imo.
Welcome aboard IanB, as Del Boy would say “we’ll double your money here, no worries about it”.
managed to not check the price for a few weeks, glad i didn't now given how it continually slid, nuts this went to 104. Update is strong as expedited, still looks well undervalued to me, was expecting 130-135 now. Hopefully get there this week.
No idea if a take over is likely but ive bought in today. I like the update and can see a lot of growth continuing in the USA.
There cannot be a better time for other company’s to come in and make a takeover offer for WMH. This share price is crazy cheap given the assets of the company and a 24% market share of the American sports betting market as things stand.
and some nice dividends to come .
The bit that cemented it for me, by the CEO himself:
"We have continued to develop both our technology platform and our product offerings, with more significant enhancements to come in the second half. The balance sheet has been strengthened by the prompt actions we took to keep cash in the business, the successful placing, and the recognition of the VAT refund.
"As a result, we have the financial strength to confidently pursue our growth agenda, taking advantage of our market leading position in sports betting in the US, and the terrific opportunity that Eldorado's merger with Caesars brings."
All we need now is a semi-rational market to get us back to where we belong!!
To think lots of us were buying in up to 163p with lots of uncertainty and not knowing how the Covid 19 situation was impacting on WMH. We now know and it’s been so positive. WMH in these last 6 months have been unscathed. Not many businesses can say that. The future looks so promising. WMH currently have a 24% market share in America sports betting - that is incredible. The company has strong finances to continue to grow whenever new licences becomes available.
To think we have been unscathed when in America there was no NFL, NBA, Ice hockey or baseball for months - the future looks brilliant.
The opportunity is there for investors to get into this progressive company which is brilliantly run and focused on growth. I am so pleased with my investment here, I believe in the management, the company and market sector. And we have proved with these figures even if sport closes down like it has done that we are not impacted like other sectors.