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.
I guess looking at that £156k plus at least £50k sells today at 16 0r under we still have a way to go just to even up the books in the last 36hrs
That's one serious sell wall to break through 16.25 looking at the volume of buys today.... If only we could see the order book.
I just re read the trading update and looked at the previous lows - share appears to bounce of 15's , I thought I am already in so go with my gut feeling that the company is in a different place to previous years and hopefully on an upward curve. I guess time will tell. I still paid 16.25p had hoped to get under 16 for the top up.
Well that took you all of 3 minutes to deliberate, decide and buy ;)
Bought another £5k worth - guess I have averaged down :)
Always amazes me :
XLM - revenue last 3 years 54 mill 66mill and last update 73 mill this year
Profit 910,000 3.54 mill and profit will be increased this year on increased revenue ( The Group's Sports vertical delivered a strong performance during the year, with revenues up 72% to approximately US$54.0 million (2021: US$31.4 million)
Debt increased due to purchase this year)
Assets increased in line with purchase 67 mill to 109 mill
Share price now lower than when trading update given
Guess I need to decide if the falling Knife has reached the ground yet ???
Ohioans wager $1.1 billion in first month of sports betting: The Wake Up for Wednesday, March 1, 2023
https://www.cleveland.com/metro/2023/03/ohioans-wager-11-billion-in-first-month-of-sports-betting-the-wake-up-for-wednesday-march-1-2023.html
Amazing the amount of cancelled trades this company has considering how few trades it has
I hate this share! Nothing ever happens other than the price dropping.
Yep, should be at least 28p, decent volume today
Too cheap!
Most stocks are at the moment..
I think this is plagued with short selling
Gave in and bought most of my holding back at 17.20p. don't think it's going much lower...
Sports betting boom: Gross revenue hit $7.5 billion in 2022, shattering record
69
Josh Schafer
Josh Schafer·Producer
Wed, February 15, 2023 at 4:30 PM GMT·3 min read
In this article:
DKNG
+0.17%
Sports betting broke records in 2022, according to new data released by the American Gaming Association (AGA).
According to the AGA findings, sports betting gross game revenue hit a record $7.5 billion last year, a nearly 75% increase from 2021, while total gross gaming revenue (GGR), which accounts for all legal gambling, exceeded $60 billion for the first time ever.
“Our industry significantly outpaced expectations in 2022,” AGA President and CEO Bill Miller said. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefiting communities and taking market share from the predatory, illegal marketplace.”
https://finance.yahoo.com/news/sports-betting-boom-gross-revenue-record-2022-163013125.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAALdr9yVx_AvHZum-f_9TNZRUPXomvVqGSoBksrqgyCfxdYjfFDKvSka7lUuY4bQ1Tjigt9R8YqI001YtRPIZjXduipz_1VsbnwsYt7dqHmWMypwUHJqxfi2uRo1paLAOZX-cLhQ_lED660d4IXTJc4FLlMVonjh5Qw9vluUZx2w8
Push for legalisation of casinos and sports betting in Texas hitting the headlines
https://www.bloomberg.com/news/articles/2023-02-16/texas-legal-gambling-push-lead-by-billionaire-miriam-adelson
https://www.chron.com/sports/article/sports-betting-texas-legalized-17769331.php
Gambling maybe a bit of a sin, but legalised and regulated it brings in plenty of tax dollars. I think this fear mongering about the potential of for federal regulation of advertising has been overdone.
Sports betting is growing in the US . There will be regulation and reform as the industry grows, but the authorities won't be wanting to give up those tax revenues. Advertising will be reformed, cleaned up, but not banned as per the hype. I think responsible operators in the industry have a world of opportunity ahead... hopefully to the benefit of XLM and its shareholders.
US Sports Betting Revenue Shoots Up 61% as Markets Added
US sports betting revenue soared 61.1% to $7.5 billion last year, boosted by the launch of a new market and the rollout of mobile betting in more states
https://news.bloombergtax.com/daily-tax-report-state/us-sports-betting-revenue-shoots-up-61-as-markets-added
Volumes far lower today...
@tommy - averaged down is a good thing meaning he added more at a lower price :)
I’ve worked in the sector for 10 years. This is normal course of a maturing region and by no means that affiliates are impacted. This is such an over reaction by Piis. However it has come at the same time stockopedia made the share amber.
Taking a step back, it’s really important that there is some regulation around what words gambling operators use to incentivise play. The word “risk free”, “free” etc have always been banned quite early on in growing regions as nothing is truly risk free and we want to do anything possible to protect people and players. Normal course of business. Furthermore, US has a significant pathway ahead of it to grow and XLM should scale with it, entering more states and leveraging its core assets to reach new and existing players. What we have to remind ourselves that the spotlight channels where regulators target is TV, radio, out-of-home. These channels are near to impossible to limit exposure to younger people as they’re everywhere. Yes you can limit tv spots to late night times or put restrictions on what you can or can not promote. All to bewhich is where Xlm play. More to that, affiliates do not just promote a brand, they provide ongoing content to our most engaged players so are a critical foundation to the fast and growing industry. What we need to worry about as investors is are Xlm growing their affiliate footprint, are those affiliates good content creators and do they efficiently reach prospects and engaged players. Forget everything else, as if they do those three things, operators will come and pay decent revenue share for multiple years to Xlm.
At a prospective PE of 3 with cost savings to be baked in due to restructuring this year, XLM are clearer demonstrating ability to generate high growth in the US and with more sites added to capture revenue in this growing sector this is a very interesting share right now imo.
"Illegal" or unlicensed gambling in the US is worth over half a trillion dollars a year
Has Brown unleashed gambling menace?
https://www.standard.co.uk/hp/front/has-brown-unleashed-gambling-menace-6987021.html
We had no gambling advertising here in the UK before Labours Gordon Brown introduced it, but the betting shops were always full
You can buy 1000 @ 16.8p
MM's gone to lunch, NT to buy now