Member Info for CJ39

Ive gone all in on WMH, I bought at 117p earlier in the week as things seem to be moving fast now and an update next week from WHM will be significant too. If the Dunn brothers bought nearly a million shares again at this price then they know this is sound business. I just don’t want to miss out by not being in and risk some major news pushing the SP up to a level where it no longer seems worthwhile pushing all in.
The reason I won’t be posting is because this is no longer a short term holding for me, I am buying 18 for medium/long term and see where we are at. I will only torment myself if I watch on a daily basis and see the SP drop. There’s nothing I can do about it. I’ll check each pay day to see if the SP is worth buying more in.
So for now, good luck all end enjoy the summer.

SP got to an amazing 123p this morning which I never saw coming pre sport coming back. It’s now available at 114p.
I don’t think there is anyone here who doesn’t think that medium and long term this is a great investment but short term it seems volatile as there is so much uncertainty. We’ve not had any news from WMH on how this current crisis has impacted on the company. And football which is the biggest betting revenue for UK bookies is very uncertain. I don’t believe the season will resume. Given that this uncertainty made the SP plummet to 29p 2 months ago it’s amazing it has risen over 400% since then given the uncertainty remains.
I am waiting to jump back in but for me personally the current SP is too high to invest right now. There is almost no room for short term gains at these levels - I may well be wrong again by saying that. I’m continuing to watch and wait. GLA.

122p right now. I can’t believe it. So kicking myself for selling at 108p expecting a retrace. I didn’t see it reaching these levels right now either. You can’t second guess this SP at all right now.

Absolutely kicking myself now for trying to be clever and selling. Don’t listen to my advice - this shows how much I know.

Typical - I was thinking and expecting the SP to fall but it seems to be pushing on rather than retrieving. This is very encouraging for the share, I didn’t think it would have enough support at this level yet. Pay day tomorrow though, will see where we are at tomorrow before aiming to jump back in.

I sold my shares this afternoon at 108p, my head was telling me that it is going to fall below 100p in the days ahead so gambled that I can make a few hundred quid by selling now and buying back in at a lower price. I love the long term prospects of WMH and I don’t think this Covid-19 crisis is going to prove to be that bad for the company. But I think as things are in terms of no news yet from WMH and the uncertainty of football not returning until the new season, I think this SP is right at the top of its range now. I mean if the season isn’t completed there are a huge amount of voided season bets the bookies will have to return.
Can see this dropping back again to 90p like last week. I may well be wrong and I’ll kick myself but I think a lot of us are feeling major resistance at 110p.

I like your post Morbox. I think we all agree that this will get back to old levels and hopefully way beyond. We can sit and do nothing at this moment and let our investments ride the share price line or we can try and capitalise further by anticipating falls as well as rises. I agree I can’t see this rising much higher than 110 - 120 at present but I can see it falling back to the 100p mark and maybe below again. If you hold 3000 shares, selling at 110p and buying back in will get an additional 300 shares worth £300 minus admin fees = £275 profit if it happens. But of course the reverse can happen too. If I sell out at 110p and it only increases I’ll theoretically lose money. Risky game but interesting.

I kicked myself for not selling at around 110p last week and buying back in at a lower price. Until there is news of how WMH are doing (which by last year’s) update was mid May or some concrete news about sport returning I don’t see this increasing from around 110p. But I’ve been wrong before and caught out in the past. I just wonder if this is a good price to capitalise on a potential drop in SP like last week?

Last week we got to 112p only for it to fall in the days ahead down to 86p. We seem to be further forward now with talks of sport resuming soon and deaths falling to the lowest number in a month yesterday from the Covid-19 virus. This SP still looks so cheap but will the market agree?

I agree 100% with both of your comments. I too wish I could invest far, far more than I have right now as I have 100% confidence that this will return to 200p+. I spent my savings last year on a new car (my money was sat doing nothing so thought just pay it off), had only I knew this was coming I would have held off buying the car and gone all in here. If football returns (which is bookmakers in UK’s biggest revenue maker) that would be a fantastic boost. I still believe that this period has not been bad for WMH. Furloughed staff, business rates rebates, lower shop overhead costs, whilst increased volume on its online poker, casino and gaming which is a guaranteed income source. The US William Hill CEO has said he does not believe Covid 19 will have any lasting impact on the gambling industry. This will return to previously levels and beyond now that WMH has licences in a number of states for the new US sports betting market. Pay day next week, hope I can still get in at around 90p, I’ll invest everything I can again. It may take a year before the SP realises it’s potential but it will get there.

That looks very promising. He will know how things are really going and to buy almost a quarter of a million pounds worth of shares sounds like he was itching to buy in as things are far better than the SP suggests.

I am still convinced that they will WMH will not be having a bad time of it under this coronavirus. Staff costs, business rates rebates and other betting shops overheads are massively reduced. Online poker, casino, games, etc will be expecting far higher volumes. Where can they be making big losers from? Given that in October this share price was over 200p, there may be no reason for this to have changed from that valuation. WMH are now in the American sports betting market which will be huge. They have lots of major sports that are huge NBA, NFL, baseball and ice hockey. Even soccer as they call it is rising fast. Pay day week today, I’ll be happy to put in another grand at the this price.

Yes I agree with others, no news expected until mid May, it’s easy to say in hindsight but a retrace was inevitable but I didn’t sell out as it’s so hard to second guess where the turning point is. I wish I had done but we are not too far off the £1 mark. We’ve had a fantastic rise from 29p to 112p in the space of about 5 weeks, it’s gained far higher quicker than I thought. This is a share that will reap rewards but it will take time, we need normal life back and sports to return and this pandemic in the past before we start seeing the share price fulfill its potential.

You’ve done well to get in again at 92p. I have no spare funds to invest, I bought a car last year with money I saved, if only this had come a year ago I would have put it all in and made a killing.
Pay day in 13 days time, will definitely put all I can of my wages into this if it’s below 100p.

I wouldn’t mind if it stayed at these levels or lower for a couple more weeks so I can buy more come pay day. I just think this is so incredibly under priced. It was over 200p 6 months ago, this lockdown hasn’t been that bad for the company and now WMH has licences for the new sports betting market in America this is sure to return to old levels sooner rather than later. Let’s see what today brings.

I want to hold until the share price realises it’s potential but I don’t want to hold the shares if they are not really doing much any more. I’m just going to see how things pan out over the months ahead. I won’t be selling below 200p. The potential may be far higher. They’ve closed a lot of betting shops that weren’t providing value. They are now in the US sports betting market and which should prove lucrative. I am very happy with my investment here and cannot understand why anyone would sell out at these prices.

You did brilliantly to buy in at 40p. At that time there felt huge uncertainty and that was before the government announced it would pay 80% of wages and rates rebates. I bought in at 65p when it became clear the price would not go back down again. I think we all knew this was a sure thing - I just wish I had more spare cash to invest. This is still a really cheap buy in price, WMH have brilliantly secured licences for the new sports betting opportunities in USA, this is huge. Add to that speculation of a merger with Betfred possibly on the cards. Exciting times for WMH and £1 per share which will also pay dividends as well as capital gain is a great investment.

I think that’s a safe investment. The coronavirus has been like Christmas come early to make money from shares, just unfortunate that we didn’t take bigger advantage of it. To think had we invested £5k when it was 30p, we would have £10k profit now. I bought in at 65p as I realised it was not going to go down further. You’ll still make 50% profit on ant investment at this price.

I agree. The warmer weather will get rid of this virus. In Australia they’ve only had 50 deaths as it’s been their Summer whilst the virus has been spreading around the world.
It could even be that WMH are making more money right now than usual. Wages for most of their employees paid for by the government, rates rebates, no shop overheads and online traffic on their poker, casino, games, etc at very high levels with everyone stuck at home. This coronavirus has made us some nice cash!

Rent rebates - meant to write rates rebates.