Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Same here. Made the wrong entry at 3.8 and averaged down at 2.1. Wasn't happy when they announced the placing and was deep underwater, but held on to my shares as I really see the potential in the share. Thought about averaging down further at 1.7/1.8 but didn't want to expose myself too much. Glad the sp is ticking up today.
Have to agree with fikret and spd there. There are plenty more upsides to WMH than 888. I feel 888 is overbought or perhaps more accurately WMH is oversold. Today's sp drop is frustrating, especially when it's starting to look up. Can't help but feel the sentiment in the gaming industry has been affected today by the GVC news.
Took some on PB last night. The CEO seems to have a clear vision for the company. Obviously massive dilution and I suspect the SP will be suppressed for a while, but the company seems to be progressing well following the restructuring of the business. Will put it in the bottom drawer till next year to see if the company delivers the promises (cash flow positive by year end, dividends in 2021...)
Really can't figure who's selling. Those in below 100 presumably would have sold some time ago (if they don't intend to hold long term). Those who took the placing would be underwater, and I don't see many of them rushing to sell at these levels...
Well said len. I don't think riddler "owns" this place, but what cannot be discounted is that he did post some good information on this board. I made the wrong entry and am underwater right now, but do I blame riddler for that? No. After all I'm the one clicking the buy button, and that the reason I bought in is because I believe in the company and what they're doing.
Been reading here for a while but didn't post, and it's all a bit unnecessary between riddler and share4. Riddler had an opinion which was different to share4's and riddler chose to "filter" him, which he's entitled to. Don't think it was abusive or anything. If share4 does not agree with riddler, he's well within his rights to "filter" him too. As it turns out share4 is right and riddler's wrong. Fair play share4 and credit where it's due. We stand corrected, but no real need to ask for an "apology" (if that was your intention).
After re-reading the RNS again here's my thought...
Not happy that it's not open to PIs, and not happy that funds are for "further strengthen of balance sheet and invest in sales, marketing, distribution and support". Seems too much fluff and not a solid enough reason.
But the connection with Novartis is interesting, and since it's not an open offer, IIs and directors won't be participating if they don't think positively about the future of the company.
Now with placing out the way, let's hope for a tick up of the SP with the inflow of news, though I have to admit that I'd probably be holding this for longer than originally intended.
Agree with len there. The timeline for commercialisation is longer than anticipated. No choice but to hold now. Thought about averaging down but it's 1.79 to buy with the big spread. And yes, not happy with placing not being offered to PI's too...
Here's hoping for a quick rise back to the next support level of 190s, and perhaps 200+. Market conditions look a bit more favourable next Monday... I don't doubt the footfall of pubs and restaurants and that the desire of people to go out and enjoy themselves again, but I'm hoping that the company can make it work with the current 1m plus social distancing rules
Agree with fishoutofwater here. Boohoo's business model is based around instagrammers and influencers. It's on the balance atm for boohoo, with the current trend of "justice" and "anti historic slavery" sentiment amongst the young, it only takes one of these influencers being called out, then they'll be under pressure to cut ties with boohoo. Then one by one these influencers could fall by the way side - if it ends up like a movement similar to BLM, it could be deep trouble for boohoo. I see there's a real potential this could happen
Yup. Credit where it's due. Likes of nennyb who's been round through the ups and down. I sold out at a loss early May, as having doubts, but well done those that have kept faith
CJ - agree with MM having an agenda, though not sure why you think they've made a loss when people bought at 40 and sold at 160. MM won't be making a loss if there were individuals picking up what was sold. Anyway, feel that market is digesting the placing shares, though I have to wonder where this is dropping to. Price action reminds me a bit of AML, which dropped from 50+ to 30 then back up to 50+ all within a month or so
That's usually the case. Placing offers only open till 9pm and close early if oversubscribed
Was trying to get in yesterday. Logged in at 8:30pm and it was already closed.
Agree with above for the long term view. That's why I'm holding and not particularly worried. And yes the tribes are just playing hardball. After all wasn't Dana White trying to host UFC during lockdown in a casino on tribal land in CA? I think there will be more bumps along the way in liberal states legislation compare to conservative ones, e.g. they might set tighter regulations, etc, but in the long run I see the US market matures and WMH is in pole position to take advantage.
At this level I feel WMH is oversold. Yes the news from California is disappointing but it's always a bit of a doubt with these liberal states in the US. Their views to sports betting is pretty much that "it manipulates sports results" etc and it's not gonna change quickly. Maybe the market was expecting too much? WMH should have no problems in states like Indiana, Iowa, etc. Not as big a fish of course, but I guess bigger fish takes longer. Still plenty of opportunities
Very impressed with how management conduct the fundraise here. Nothing wrong with fundraise to drive growth of course, but you contrast how it's done here vs how it's done over at ODX. Management here has conducted this with integrity whilst at ODX it just stinks of insider dealing. Good luck holders
My thoughts the same. Always reassuring to issue trading update together with placing. Could be some SP pressure this coming week but hopefully not for long. Hopefully placing price is not of a big discount (it shouldn't be).