Member Info for CJ39

Welcome aboard IanB, as Del Boy would say “we’ll double your money here, no worries about it”.

There cannot be a better time for other company’s to come in and make a takeover offer for WMH. This share price is crazy cheap given the assets of the company and a 24% market share of the American sports betting market as things stand.

To think lots of us were buying in up to 163p with lots of uncertainty and not knowing how the Covid 19 situation was impacting on WMH. We now know and it’s been so positive. WMH in these last 6 months have been unscathed. Not many businesses can say that. The future looks so promising. WMH currently have a 24% market share in America sports betting - that is incredible. The company has strong finances to continue to grow whenever new licences becomes available.
To think we have been unscathed when in America there was no NFL, NBA, Ice hockey or baseball for months - the future looks brilliant.
The opportunity is there for investors to get into this progressive company which is brilliantly run and focused on growth. I am so pleased with my investment here, I believe in the management, the company and market sector. And we have proved with these figures even if sport closes down like it has done that we are not impacted like other sectors.

Yes really great WMH doing that, I hope it’s mentioned in the press. If we kept the furloughed payments we would be in profit for the last 6 months before the VAT refund. To get through those 6 months basically unscathed and have had growth in the US and strengthened the balance sheet, it’s a brilliant set of figures during a time when so many businesses have collapsed and are losing huge amounts of money.

That was really pleasing and positive. To come out of these last 6 months with a minimal loss after tax given how disrupted sport was in Europe and even more so in America is incredible. But thanks to the VAT refund we were very nicely in profit.
WMH is in a far stronger position now financially and in terms of growth for the future than this tine 6 months ago or a year ago. And a really nice touch to repay the furloughed pay - I hope that gets a mention in the press which will also be a very positive image of WMH to the public.
Very happy with these figures and very happy with the growth of WMH. I expect us to open up around 120p and for the share price to rise today.

I am expecting very decent half year results tomorrow with a lot of positives in the narrative. I think the share price will open up only a little higher than close of play today. I expect the share price to open around 120p but it should trigger a lot of support and buying of shares to push the share price up to 128p come the end of the day. But I expect Thursday and Friday to be blue days and take the share price up to 135p by the end of the week.

With half year results tomorrow which I expect to be very positive and encouraging I expect to see a strong demand for shares today which will get the share price rising significantly. I’m predicting share price at close of play around 119p.

Twice as many buys than sells today. The RNS giving details of number of shares always makes me hope that their is a major interest in shares by someone or a company. Hope for things to keep going the same way tomorrow.

There has been no support at any level recently, I don’t think a lot of people want to put their money into shares with the economy struggling. If figures are good which I expect them to positive and encouraging hopefully and there will be a lot of buying and this can start the ball rolling for the SP to reach fair levels of around 150p+ again.

We are certainly not alone in seeing the share price at a fraction of what it was in February pre Covid. Lloyds on Feb 13th were 58p and are now at 26p. Aviva always a strong share were 406p on Feb 20th and now sit at 263p. BT on Feb 20th were trading at 156p and now sit at 98p. BP on Feb 20th were at 466p and now trade at 275p. All of these companies will come through and recover. There are a lot of great investments in stocks if you’re willing to hold long term and accept short term volatility.

Time will tell. I certainly won’t say you can’t be right as I’ve given up with predicting the share price here short/medium term. But I believe in WMH. I believe in this gaming sector to be profitable for companies, I believe in the strong long term growth of this sector. I believe in the management and how they are running the company. I also don’t believe that Covid 19 has been that bad for any sports betting and gaming companies. Sport around the world was suspended for about 10 weeks but its back now and I don’t see it stopping again. Luckily I don’t need to sell my holding so can hold until WMH fulfils it’s potential.

Only time will give us the answers as to whether the markets value WMH at these levels now or whether it has been a planned move to accumulate shares as shown on the videos. I am really hoping it is the later. But I am thinking is it a coincidence that the share price has been dropped to these levels as one final shake to accumulate shares just before the half year results are released next week? I’m expecting very encouraging results which will push the share price up sharply from this level and form a price correction. We will have the answers soon. I really wish the Dunn Brothers would pile into this share and force the share price up.

This is the video you want to watch. It really reflects what is going on with WMH share price. https://youtu.be/BHKm-jsSM6M

Both videos explain that market makers buy and sell shares. The first video started to talk very briefly what happens if they are short on share - ie so many people have bought shares and their inventory is low. As a result the market maker needs to react and get people to sell shares. They want people to buy high as possible and sell low. What is happening with the prolonged decrease in share price is creating the conditions for people to sell shares. But as I think it was explained in one of these videos - people should capitalise on this and buy not sell. At 163p did the market makers want people to buy or sell shares? Buy shares of course. At this price today, do Market makers want you to buy or sell? Sell! On that rise up from 28p to 168p millions and millions of shares were being bought compared to sold.
We as investors all believe this share is extremely undervalued at this price and the Market Makers are aware of that. But they want your shares and the best way to do that is a prolonged slump where people start panicking and thinking this is going down and I’m losing lots so best cut my losses.
That’s what I believe is happening with the share price.

This is an even better video: https://youtu.be/QqK6H1JPjv0

I don’t understand what you mean Jackeboy that Market Makers don’t buy and sell shares. This is what they do at all times. Here is a good video which explains the role of what they do https://youtu.be/-zTHKcJEGe8

I agree with Jet7. How many people made huge money buying in from the low of 28p all the way up to 163p? For everyone who made capital gains someone lost money and lots of it and that was the Market Makers. They lost a tonne of money - the Dunn brothers bought something like 16m shares alone didn’t they?? You have to ask yourself this - why did the share prove reach 163p if the Market Makers value the share now at £1? There has been no adverse news to warrant this fall. It was clearly done to recoup losses - get as many people buying in at 130, 140, 150 and up to 163. Then this prolonged retrace causing negativity and panic, people selling at losses who bought in higher. Once the Market Makers recoup their losses the share price can return to normal. Unfortunately not many of us took advantage of this situation and cashed out when it looked so high at 160p.
I am sure some people will read what I write and not be convinced but the London Stock Exchange is a public trading company, they are out to make profits, not losses.
You can either focus on the company WMH and all of the news about the company and the industry sector which is all very good. Or you can follow the share price and draw conclusions that all must not be well. Unlike the other betting companies trading, none of the share prices plummeted in the way WMH did and people made huge profits. This is a great learning curve and we will all learn so much when we see how this share price adjusts over the next year or two.
Stay firm. Add to your holding at this amazing level. Don’t sell as you will regret it.

Yes this is so undervalued, it is frustrating in one way as I would feel a lot happier if it was £1.50 which I believe is the current fair price. But at the same time I see this as huge value to buy more shares each pay day. Keep focused on how great WMH are doing and the long term prospects.

Yes always like your posts Morbox. Totally agree that America is where the real growth of WMH lies, so pleased that the company raised all that extra money so that WMH can continue to gain more licences as and when they are available and grow the company in America. They are sports mad, a lot of people have lots of money and their population is 5 times the UK.

Yes, I’m really baffled by this share price. We were higher than this on April 29th when we were in lockdown, all sport around the world was suspended with uncertainty if and when sports would return and how this Covid 19 pandemic would pan out. That was also before news of a £200m VAT refund, before any trading updates which were both very positive, before a shares placement at 127p which raised £250m of new capital, before the Eldorado Caesers merger, etc.
I understand that back in February the share price dropped to the 160p mark following annual reports, that was mainly due to the £2 max limit for instore gaming machines and the huge cull of shops and redundancies, but they were necessary steps to streamline the business. The management board are running the company brilliantly focused on growth and cutting costs.
Clearly the economy and uncertainty that lies ahead due to Covid 19 is a major factor keeping share prices across all sectors down but I don’t see sport being cancelled like it was in the past. As long as there are sports to bet on, people will keep betting. I am looking forward to the August half year reports and figures. With so much positive news happened and clearly figures so much better than first anticipated I see it being a very good update and hopefully push the share price up.
I also think WMH is a serious contender to be the subject of a takeover/merger, especially at this share price. Betfred desperately need to grow and join forces with a betting company like WMH, especially with WMH’s growing American foothold. Even American gambling companies may see WMH as a way to get into the sports betting market.
A definite hold for me. I don’t have any need to touch the money I have invested in WMH so will wait for the true value to be fulfilled.