I remember the Oregon gold days, there were a team of rampers who were responsible for losing people a lot of money, they know who they are. Does anyone feel that what happened with that company was nothing short of criminal. I said early on that the company will never mine any gold, they never once generated even £1 on revenue, it was simply share placings to pay themselves handsomely whilst pretending they had struck gold. It was a valuable lesson I learnt. But those rampers like John777 I think it was really were shameful. Any thoughts on that venture?
To think the 52 week high was close to £5 a share and now the talk is will it fall below a pound. Being a bookmaker in the UK alone is not good right now, not only is it such a competitive market but the Gambling Commission white paper due imminently is going to hurt even more, the only way to success for British bookmakers is getting into foreign markets, specifically America.
I used to bet with 888 until last year when I used their live chat to bring up a matter with a bet I had. The woman on there was just not interested, she just didn’t care. Well that was my custom gone. Companies like 888 absolutely need to retain their customers and hope to add to them, if they cannot even retain them because of such poor customer service then what hope have they got?
I am grateful for some good feedback. It’s a good messageboard here, never any nonsense ramping or wild predictions. Just out of interest, has anyone got a particular other company/share that you really believe in? My other main share that I am very interested in is Flutter. I’m very interested to see what happens with the Gambling Commission White Paper due to be released soon, it’s been hanging over betting companies for way too long time.
I received an inheritance last month and want to use the money to buy Aviva shares as the dividends are so good and it’s such a solid money making company. People will always need insurance products so I’m very confident of Aviva as a business. I was happy seeing the share price fall recently, hoping I could buy in below £4 per share. Then on Friday it increased 16p. It’s a difficult one to predict the share price here, the markets and poor economic situation is not helping share prices and things don’t look to be improving on that front any time soon. Russia is key, if things improve there and oil and gas prices fall then everything will improve with the economy. It seems that the sanctions placed on Russia are hurting everyone. It would seem that the current value of Aviva is somewhere between below possibly 380p and 435p, therefore it feels like it’s worth waiting for a better entry point. But at the same time I don’t want to leave my inheritance sitting in a poor interest account where it will be in effect losing its value, it’s far more worthwhile buying here and getting good dividends. Where do others see the short/medium term share prices to be?
I am not disappointed by the drop today, I am due to come into some money at the end of the month and will be piling it into Aviva. They are solid as a rock, always generating huge amounts of cash and the dividends are fantastic. It doesn’t matter to me if the share price falls as I have no intention of selling here and just creates more opportunities to buy more.
Where do people stand on this in terms of investing in Flutter right now when we know the Gambling Commission white paper is ready to be released once the government get themselves sorted? The white paper is bound to have a negative impact on UK gambling market, so is it really worth investing right now?
I’ve been watching this share in past weeks, very interested in it but felt I needed more info on the results before seeing if it’s worth investing.
I’ve just read the RNS and I do now feel that this is a good buying opportunity at this price, so have put in a speculative grand at 8.4p. I do feel there is value to be had at this price.
So many people were posting how this share was so undervalued and would rise significantly quickly. It’s easy to believe the hype and what people are saying. So often people get caught out as a result.
This has been one massive free fall from a year ago. The sentiment on this message board is that this is extremely low and has far more positive value than negative value.
I am not invested here but I am looking at it. The problem is the company has been recording losses and don’t have a great deal of cash flow to absorb further losses which could see a placing needed which would really devalue their shares. It is also really difficult market conditions, the cost of living crisis means that not only have people less money to spend on beauty products, but people have less money to go out and want to glam themselves up. Then add to that the increased costs in transporting their products and the increased cost in materials.
If we had market conditions like they were pre Covid then I would be pushing money into this share but I am not convinced now is the time. I feel that this has to go lower before it recovers.
Jay, you’re not listening to this guy are you? He can’t even string a sentence together. He’s hardly going to know how a share in going to perform.
Biker you are 100% right. These message boards are etihs because you have so many numpties who ramp and make predictions like Crabtree on Friday saying this would be 300p within a day and 400p within a few days. There are so many clowns here, it’s no wonder so many people lose so much on AIM shares when posting here, people believe these clowns know what they are talking about when they don’t have a clue.
The dividend money is in my share account.
The money from the shares they took off me is also in my account and worked out at receiving £4.237 per share so I’m happy with that. Will buy back my shares and have some money left over.
As someone who likes sports betting I had a tough 3 months which covers this quarterly period which is why I am convinced the figures will be decent. I was planning to buy back in yesterday in anticipation of good quarterly figures but as mentioned earlier the Gambling Commission’s increased protocols and regulations due to be announced in June prevents this from taking off.
I have held Flutter shares in the past and I am glad I sold my shares at £130 per share. It’s always a share I have on my radar but with news that the Gambling Commission are going to imminently announce new protocols to protect ‘problem gamblers’ I think it’s clear further bad news is imminent for all gambling firms which will hit revenue and profits. As a result I definitely wouldn’t want to be buying this share right now.
However… I do expect decent quarterly figures to be announced on Wednesday but until it’s clear what impact the new regulations will have on the business buying back in here will have to wait.
Not surprised to see poor recent results. As a keen sports punter I have to say in recent months I have been having a lot of success with my bets. It’s not always like this by any means.
Flutter is one share I follow closely. Huge amount of value lost on this share in the last 6 months which is making this an appealing share to buy. The uncertainties of UK gambling due to the gambling commission and the nanny state wanting to protect problem gamblers is a real issue for investors. Talks of limiting people to £100 a month are ridiculous and problematic. But the potential for growth is enormous as sports betting, poker and casino thriving and with many American states legalising sports betting there is enormous growth in this sector. Definitely not a share I would want to hold right now but if the UK gambling commission back off and stop throwing obstacles in the way then this will rocket.
It’s a good question. This news today which is ridiculous and continues this nanny like state is certainly only going to pile downward pressure on the share price. I read also that one of the states in US were taxing gambling companies profits at 50%. This sports betting and gambling sector is massive but the gambling companies are experiencing obstacles all of the time. I see very little appeal buying back into Flutter at present even at these levels.
I personally can’t believe how much of a battering this share has had since October 2nd. Because of movement within the mine that has stopped mining on this high grade ore the company has lost over £750m in value. But the gold is still there to be mined, they will focus on other parts less high grade in the meantime. The company has net assets of £1bn and makes well over £100m profit after tax each year, yet the market cap of the company is only £1.5bn. Totally oversold IMO. I think I am right in saying next year’s forecast is still higher than last years output.
I can’t believe the huge negativity this morning. The forecast is 10% lower than projected in the trading update earlier in the month. Yearly productive won’t be too far off last year when the share price was over £2.00 a share. I think a lot of this has been factored in. I see this bouncing back up into the 140p’s later today.
Thanks very much for the reply Sotolo. It’s very encouraging that there were directors buys 3 days after that update. They are in the know and saw the drop in share price as excessive and capitalised on it.