Member Info for Brighty1

BOO results just out:
Gross profit +42%. Adjusted profit before tax +38%. Profit before tax +35%.
Encouraging news from our sector ahead of our own update. Fingers crossed that BWNG can communicate a similar success.
Good luck, Brighty

Paul Baay is quoted in the IC article as saying "Royston could make what we’ve done so far look small”.

Other key messaging in the IC article includes:

* "Canaccord Genuity forecasts operating cash flow after tax of $54m next year and $87m in 2023. That compares with just $8m this year".

* "Touchstone is a very different prospect from other listed gas players, such as Energean (ENOG), for example, which has a massive amount of infrastructure to build or lease. The Trinidad company just has to build the well, with the NGC paying for the short pipeline to the nearby plants, cutting costs".

* "Once these two are producing gas, the company will swiftly move to positive cash flow territory. It currently sells a small amount of oil, but these two wells will see Touchstone shift from being just an explorer, with Coho producing around 1,500 barrels of oil equivalent per day (boepd), or 10-12mcf/d. Cascadura will be much bigger, at over 5,000boepd, although will take another six months or so to get into production".

Well worth a read for newbies as it paints a very attractive picture of where TXP is heading. LTH's will know this already but for anyone who needs reassuring or who is considering taking a look at TXP from an investment point of view it's a very good and informative read.

Good luck, Brighty

Exactly. I've been here for a couple of years based on TEK's strategy of creating value from breakthrough Uni tech. This is starting to pay off. It is clear that their portfolio of Guident, Salarius, Lucyd and Belluscura all have massive potential. For those that have a long term investment plan this has huge promise as the RNS today highlights. Another 3 years and this could be 10 or 15 times higher, at least. Good luck, Brighty

If Kymab can be sold for 1.45 billion to Sanofi then what price tag do we put on Synairgen? The Numis £9.90 per share valuation springs to mind at the very least. The pharma sector now knows from the trials that SNG001 is the real deal with a threefold likelihood of recovery. That = Takeover. Good luck, Brighty

This is brilliant news: "The Company is currently producing VISITECT® CD4 Advanced Disease tests, AbC-19TM COVID-19 Rapid Antibody tests and, following launch, the VISITECT® COVID-19 Antigen test".

Very encouraging and exactly what the Tweets have been telling us. This is becoming a very strong long term hold.
Good luck Brighty

"SNG001 treatment led to a threefold likelihood of recovery" - Richard Marsden.

Fantastic. Good luck, Brighty

Exactly right, an 87k GBP buy bodes very well indeed here demonstrating supreme confidence in the Webis proposition and its prospects. i.e. the right sector at the right time etc. Plus in our industry today Flutter Entertainment's RNS confirms it has got off to a "strong start" for 2021, with growth driven by "online revenue" (first-quarter revenue rose 32% year-on-year). Good luck, Brighty

We might even see 60p today at this rate. £1+ a share in 2021 now becoming a reality. Good luck, Brighty

Hats off to Rahul for cancelling the RBL and redeeming in full the company's $650 million senior notes due 2022. Now we can move forward with confidence. 60p a share soon, then £1 plus incoming for 2021. Investor patience about to pay off here at last for TLW shareholders. Good luck, Brighty

It’s probably best to research pari-mutuel wagering licenses to understand the WatchandWager model and how pari-mutuel wagering licenses within the US market work and the potential value to shareholders such a licence is worth. If California legislates for sports betting our value, in my opinion, increases exponentially. Most of the info is contained in the Webis RNS library and it’s partly why Webis agreed a new Term Loan for USA Expansion in March 2020. The best adage I can offer is to dyor but it is fair to say that if things pan out our share price could be 10 times what it is today. Good luck, Brighty

Here we are from the RNS dated 4 December 2019 titled “WatchandWager given long-term extension of California Racetrack contract"

It confirms May 2025 with an option to 2030: "The board of Webis, the Group specialising in pool wagering and the operators of Cal Expo, the Californian harness track, is pleased to announce that on Tuesday 3rd December its US-based Advanced Deposit Wagering business, WatchandWager.com LLC ("WatchandWager") signed an extension with the Board of Directors of the California Exposition & State Fair in Sacramento to continue its Cal Expo Harness Racing operations through to 1 May 2025.The extension reflects the good standing that WatchandWager holds with the track landlord and the regulators in California. The renewal also includes a clause to extend the lease until 2030, should both parties wish to pursue it. The renewal is especially significant given the recent positive momentum behind the introduction of regulated sports betting in the Golden State. Recent initiatives to drive this forward include California racetracks as being eligible to be licensed for sports betting”.
And from the November 20th 2020 RNS: “…the license sits alongside our long-term lease of the Cal Expo racetrack, adding an important physical, as well as on-line, presence in the state”.
Plus…
“In addition to the California license renewal, WatchandWager executives have also renewed, or are in the process of license renewals, in Colorado, Kentucky, Minnesota, New York, North Dakota, and Washington. The Company does not foresee any expected issues that would delay or prevent them from being approved”.

Hope this helps.

Good luck, Brighty

The Just Group AGM is on 11th May and normally an RNS is issued at 7am with a business / trading update. It will be an interesting one to read as significant progress has been made by the company according to the last set of results. A 100% increase in our share price to £2 a share in 2021 is my prediction. Good luck, Brighty

A very encouraging set of Tweets from Omega this pm, including news that the Visitect branded Mologic Covid Lateral Flow Antigen Test is “launching soon”. We know that this test will allow same-day, Point-of Care mass testing for both the UK and worldwide. This is really fantastic for ODX investors to have this confirmed.

Plus very upbeat messaging on the UK Government lateral flow tests “we're currently waiting for confirmation from the DHSC as to the approved test. Once we have that, we'll be underway”.

Hats off to ODX for their proactivity today. It was needed on the back of the ABDX RNS.

The following Tweet from ODX today says it all…
"We hear you, Twitter - we've been quiet lately. So… There's a huge amount going on behind the scenes here in Alva, and within the UK Rapid Test Consortium (#UKRTC), of which we are a key member"

Don't forget that we have 25% of the UKRTC pie. In summary, there is no way that ODX would be communicating in this upbeat manner if big news was not on the way (& probably soonish). That's they way to manage news prior to an RNS. Well done ODX.

Good luck, Brighty

Yes quite right and also very interesting that according to Money Week Robin Wood, chief financial officer and deputy CEO of FTSE 100 gambling group Entain, is saying that virtually all states that have legalised online gambling so far – whether sports betting or another kind – have erected large barriers to entry. The most notable of these is the requirement to have either an existing physical presence in the state, in the form of a licence, or at least have a joint venture. And guess who holds both an online licence and a license to operate retail operations in California – Webis!

It looks more and more likely that Webis has played a blinder by acquiring the licences they hold in California.

Check out the Money week and Forbes articles from the last few days. Good luck, Brighty

https://moneyweek.com/investments/stocks-and-shares/share-tips/602950/a-one-way-bet-the-gambling-sector-is-going-to-grow

https://www.forbes.com/sites/zackjones/2021/04/21/the-rise-of-the-igaming-industry-what-is-in-store-for-the-citizens-of-united-states/?sh=3c4b598f3555

The NAV is nearly double the current (very under valued) share price. i.e. A re-rate to £2 per share this year is very likely and I wouldn't discount a takeover approach either. 2021 is certainly hotting up for Just shareholders. Good luck, Brighty

Yes, those 50 million and 45 million trades that have gone through this morning bode well. Always worth following the money when 60k and 51k GBP trades are in the mix.
26-Apr-21 10:33:43 0.12 50,000,000 Buy* 0.11 0.12 60.00k O
26-Apr-21 10:33:00 0.115 45,000,000 Buy* 0.11 0.12 51.75k O
Good luck, Brighty

Precisely and here's what the Chairman of Webis said about our Californian position in a recent RNS:

* "The Board is fully aware of our licensed position in the USA and California in particular, and how this position can be leveraged to benefit shareholders. As a result, we have taken measures to protect our assets in the USA and will continue to do so as a priority. We stand in an enviable position as a licensed operator in the States, and in particularly in California, the fifth biggest economy in the world, and where we hold both an online licence and a license to operate retail operations at Cal Expo racetrack in Sacramento. Momentum continues to gather daily for regulated Sports Betting in numerous states, including California. At time of writing, the Board is confident that California will approve this measure no later than 2022, with many other major States actively operating by then".

I particularly liked his messaging about "how this position can be leveraged to benefit shareholders". This has takeover target written all over it.

Good luck, Brighty

Very encouraging news regarding California. Plus don't forget what Webis also said recently in an RNS:

"As a result, the company has had no shortage of informal offers from other interested parties in the space, specifically in the areas of software deals, strategic alliances and, at the operating company level only, mergers and even acquisition".

This could multi bag significantly in the run up to sports betting being given the OK in California or M&A activity in the sector or of course a takeover of Webis. Exciting times.

Good luck, Brighty

Agreed - not Leo Koot's finest hour for CERP investors. Brighty

"Initial results are encouraging and demonstrate that SDC-1801 reduces the levels of cytokines associated with Acute Respiratory Distress Syndrome in human lung cells infected with SARS-CoV-2" - Sareum RNS. April 23rd 2021. This is a day to remember for all Sareum investors. Fantastic. Good luck, Brighty