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Could it do another 150% today??...
Off she goes!
Isle of Man based sportsbook operator B90 Holdings [LON:B90] saw its shares surge on Wednesday, adding 145% by the close as trading in the stock resumed following a one year hiatus. Trading was facilitated in the wake of a successful capital raise having been confirmed along with the publication of 2019 results, but with the stock having been around the £8 mark just over a year ago – and above £80 in 2018 – bargain hunters have been quick to pounce.
Let’s get to £8 first!
Isle of Man based sportsbook operator B90 Holdings [LON:B90] saw its shares surge on Wednesday, adding 145% by the close as trading in the stock resumed following a one year hiatus. Trading was facilitated in the wake of a successful capital raise having been confirmed along with the publication of 2019 results, but with the stock having been around the £8 mark just over a year ago – and above £80 in 2018 – bargain hunters have been quick to pounce.
The company stated their losses was mainly due to the cancelation of the sporting events due to the pandemic.
They also bought the outstanding 49% of Quasar Holdings - which wholly owns Bet90 Sports Limited - so it now has complete control of Bet90 Sports. The group remain reliant on being able to manage its cash resources carefully, continuing to manage its creditors and trading being in-line with management's expectations with sports events opening back up so they should be ok.
They relied heavily on bets from the sports events too.
Online gaming entrepreneur Ronny Breivik invested €500,000 down here, bodes well. The future is bright!
Correct.
With everything going back to normal after covid, I see this back over £1.00. It was £4.00 only last year.. Long way to go here and only just over £10m Mcap. Was £400m Mcap last year.. Interesting times ahead.
Big trades going through..
Bought some on the dip, looking at the chart it’s due quite a rise.
This won’t stop till 25p first resistance is hit!
Even Zak Mir sounded excited about this one!
Rising..
£80m Mcap and just landed a deal work $60m. PDSB should fly on this. Looks like we’ll be flying too.
Could see a good afternoon once the US markets open..
*rerate will be massive here
Crazy to think of the potential here! Rival to tiktok and signed a deal with one on Chinas biggest media companies, and it’s only £50m. The restate will be massive here..
Massive news, absolutely huge numbers there!