Member Info for Beamer21

So it appears the slimmed down company has zero debt and £225m in cash as they used sale proceeds of £300m to clear the slate - very undervalued currently particularly with a burgeoning order book that is set to expand as the government free up more cash for infrastructure

GFRD are the contractor for a new cancer centre in Milton Keynes and on a recent site visit I was told they were on time and on budget and were a pleasure to deal with

If the £225m is net cash, that’s worth £2 without factoring anything else in

Seemingly very difficult to buy as the algos are working overtime

That’s because Jim Mellon already owns circa 63% via Burnbrae

Strategic opportunities and Outlook

USA regulated gaming is seen as the hottest subject at present in global gaming, and something of a gold rush both in the USA and, indeed, internationally. Non-USA and certain European companies are experiencing severe regulatory issues, as well as margin problems, and appear almost desperate to be a part of the developments in the USA. As a result, it should come as no surprise that WatchandWager continues to be courted by large corporations, and indeed smaller operations with a view to software deals, strategic alliances, mergers or even outright acquisition opportunities. Principally led by our Managing Director, the Board assesses each opportunity on a case-by-case basis. It should be noted in the majority of instances, the Board takes the view that "they need us more than we need them" and we continue to protect our USA licensed presence as a core asset.



We are very aware of the increased consolidation in the industry and the economies of scale of strategic partnerships and will keep shareholders aware of any meaningful strategic developments with the Group, most likely in the USA, but possibly with international partnerships.



I also believe it is important to re-confirm the support of our principal shareholder for our USA operations, strategy and expansion plans. As a Board, we also believe we have the ability to raise further capital to support our operations both short term and indeed for future funding of our USA strategy.

Read the Nov 19 financial report

No speeding ticket as this is the very moment that Jim Mellon has been waiting for as it fundamentally transforms the market in which Webis are already established and materially boosts the value of Webis Holdings and their licences - large players circling

Mobile betting is a given as it produces the most revenue that benefits everyone including the local infrastructure

1m bought, 2.4p at 13.55 yesterday

are raking it in but the change will bring revenues to onshore operators, casinos and Native American tribes.

circa £13m - not for much longer. Mellon has intimated that once California is sorted Webis could be for sale or enter into a strategic alliance

to accumulate prior to the sports betting legislature hearing on 8th January

Use the #WEBIS hashtag on Twitter @howdlep has followed Webis for a very long time and is a valuable, straightforward source of information

The 1m buy trade a little earlier has seemingly wiped out what they managed to accumulate earlier today hitting stop losses

Webis are finally at the inflection point that Jim Mellon has been banking on for a considerable amount of time

1m that just went through at 2.4p has taken the free float down even further - onwards and upwards

makes this move super fast and have wild swings in either direction particularly as the market makers hunt stop losses to fulfill orders

It’s all about the 8th Jan hearing

It’s traders with DMA which are running the show here not the market makers

sat on the ask at 54p - nice pay day for someone when it gets there

Straightforward buy trade for 350k not a rollover