Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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.
Hello everyone. I’ve been looking at this company and I was amazed by how brilliant this company is and how undervalued it is at this price.
I’ve seen gold mining companies on the AIM before, they were all Mickey Mouse, only ever sampling and never mining. But this is impressive, huge profits after tax, an enormous amount of net assets.
I see the latest trading update about a set back really hit the share price but that is a serious over reaction for the share price to drop so much. Surely will return to 200p a share short/medium term.
How do others see the prospects of this share?
I bought in last week having seen results are due on Tuesday and I like what I have read in trading updates, interim results, etc and the fact that there have been a lot of director buys. I think this is a market sector that has a lot of growth potential, there seems plenty of value here to be had. Good luck to anyone else invested.
Longtimeinvestor - I think you are right, so I respect your comments. The markets haven’t fallen since the mid August levels and that’s despite COVID levels increasing significantly recently, local lockdowns, the threat of stricter lockdowns to come and the uncertainty over what will happen in the months ahead.
I am interested in investing in Lloyds but the thing that puts me off is the markets suffering another Covid slump over the autumn and winter months like we saw back in March. Any lockdown will surely hit the markets hard and the economy is surely going to continue to struggle.
What’s other people’s take on this?
I’m not invested here but I was looking at whether to invest in Tesco yesterday prior to results. I thought your results would be good. I also think Tesco is under valued. But what put me off is that your share price never seems to move much. I’ll be watching with interest to see how much you rise today.
Thanks for sharing your honest opinions of the company. I like the company and it appears progressive and well run. I am undecided whether to invest however. I’ll certainly be keeping the share on my radar and see how the share price reacts, I wish you luck.
I’m looking at this share, it’s intriguing given the good trading updates but I don’t know anything about this market sector.
What a people’s realistic expectations of this share in the months ahead? Now that we’re in autumn, Covid levels are up, the economy is no doubt in for some tough months ahead, I’m not sure if it’s worth investing until winter is over.
It is as good as done. I am sure WMH directors have held meetings with the major holders advising that their work is done and they want to pass it over now and they’ve got the ok by those major share holders.
And Caesers already own 20% of the shares.
It just shows though that no one is really interested in the UK side of the business, no surprise with the strict gambling laws and more to come.
Don’t expect much to happen with the share price now, the market makers an set the price at 272p and leave it there now.
I was tempted to buy in here yesterday as I expected your results to be good but I didn’t in the end. They are excellent, will be interesting to see how much this pushes the share price up today. Good luck.
That’s nice to know, thanks Ian. You have made brilliant decisions on your own though and your profits are your rewards for those decisions.
I’ve enjoyed posting on the forum here, we have had a really good set of posters who have all really believed in WMH, even during that horrific retrace from 163p to 104p, it was tough but it became clear it was share accumulation by the market makers.
We all believed we were on to a winner, many people came on and told us this share was not worth much more than a pound and the share price was the fair value, some cake on saying it that it would fall back to 65p. Even investor chronicle believed that.
If the end of the line is coming for WMH that’s a real shame but at least we know we got it right investing here.
Yes you were right to be extremely excited by Fridays news and the profits you thought you would make. There will be a lot of people feeling very distressed that they sold out in recent times. Poor zxblue300 sold out at 118p, how must he feel now seeing the share price just 2 months later at 273p? You had a little wobble at 163p and then did well when you sold at 190p and bought back in at 185p and held last week when Boris announced Covid restrictions and Covid numbers were rising.
I’m going to hold until this is sorted and then take a break from shares until March when winter is over and Covid crisis is over, then I’ll try buy back into a new share.
I can’t believe it was all kept so quiet for almost 4 weeks since the first offer came in. At that moment 272p was quite an interesting offer as I think the share price was around 170p to 180p. But since then the ESPN deal raised the share price up significantly and I wonder if the Dunn brothers had inside info to buy in at 180p - after all they hadn’t bought in when it was down at 104p to 120p in July. The Dunn Brothers have done amazing out of this buying in at 40p, 120p and 185p.
Fridays action and rise to over £3 a share clearly showed that everyone believed the offer had to be over £3.50 a share. £3 a share equates to WMH being worth $4bn. On WMH’s own investor prospectus https://www.williamhillplc.com/investors-centre/why-invest-in-us/
they include this sentence:
We are diversifying our global reach through organic and inorganic growth. We anticipate the US, where we have access to 24 states2, will be the largest sports betting market in the world. Following the overturn of PASPA, estimates forecast the market will grow rapidly to be worth between US$5bn and US$19bn3 by 2023. We will continue to expand our Online offering into high-growth global geographies beyond the UK.
When WMH have a 25% market share in the US right now and the capital to buy licences in more states when they legalise sports betting, it seems bizarre to approve a deal of around $3.7bn for the whole company.
Good article find AF2018, I think that sums it all up perfectly. I think it’s a real shame and really disappointing that it would seem that WMH’s board of directors seem to approve this deal and are seemingly not eager to continue the great work they are doing in the US. It’s as if they are saying their work here is done, now it’s time for a giant like Caesar's to take over.
I was excited about WMH long term, especially once Covid 19 is over. But there have always been huge concerns about the UK business, it’s a hugely competitive market and the gambling restrictions such as fixed limits on gaming and potentially more to come online means the US was where it all lies.
At the end of the day we’ve all done nicely here, Ian you’ve done incredible, you should feel very pleased at what you’ve achieved. If this is the end of the line it’s only the end of our WMH adventure, it will be time to look elsewhere for other investments.
What a way to start the weekend : )
I must be honest, after Boris’ announcement yesterday which sounded really bad news for the economy and the increasing infection rates around Europe and America, I was thinking to sell out for the time being. But no need, it doesn’t look like it’s making any difference at all for the time being. What a share this has been.
I was thinking about this again last night and this morning, in light of what the government is saying. It’s such a tough call as I have enormous confidence in WMH and the growth in America. But summer is over now and the virus numbers will increase In the months ahead and what the government are doing is going to kill the economy further and this time probably without furlough money. We know what damage this will do to the markets but the opportunities for great investments will hopefully come up again as a result. Whilst there is sport WMH will do very nicely but if the markets plunge so will share prices. Very tough decision.
It’s an uncrossing trade. It’s not a buy or a sell. Uncrossing trades are automatically triggered when the sell price matches or is higher prices than the buy price.
Definite hold. The drop this morning was fears about another lockdown but there is no lockdown at present, the Government I think only threatened that to try make people be more responsible. Sport will continue and is not looking like stopping any time soon.
The Government really is poor, to talk about a lockdown at this stage is crazy and has spooked the markets. The economy is struggling badly as it is without the need for this so early. Sport is still thriving and no indication of it stopping. I personally think the markets will pick up this afternoon and WMH will end the day around 213-214p.
Sulls, well for sure you’ve missed an amazing rise to this point but WMH still have a huge amount of value to be realised. I don’t think you’ll find anyone here who doesn’t believe this will reach £3 within a year, possibly within months. It’s all thanks to the American side to the business, that part of the business is really something.