Share Price4 Aug 2020 12:07
There have been some interesting valuations put on WMH by posters, I can tell you for sure this is way under valued. With the liquidity the company has now got from the raising of funds via Primary bid plus the quarter of a billion £s thanks to the Vat reimbursement, it puts the company in a completely different position as to where it stood at the beginning of the year. Let’s not forget the share price has previously been north of £2. WMH now also have Just completed the signed deal In America., this is going to be huge plus with a seemingly fantastic team in place in the USA there is far more to come on the horizon. Most of all though the management on this side of the Atlantic certainly impress , the raising of the money using Primary bid was in my eyes a master stroke , the company as a whole is looking so much stronger than ever before. Exciting times I would suggest with so many prospects on the horizon. On the downside I believe the dollar is not looking strong and may have an impact from any earnings going forward. Add on to this the prospect of mass unemployment you do have to add these into the equation. On regulation I am sure it is in both the gambling firms and the regulators to get the happy medium where good taxes are raised and addictive gamblers are somehow protected as best they can be. I certainly feel it is in the regulators best interest to work with the gambling industry so that people are not forced into betting with unregulated firms. Where should the share price be, well certainly well north of where we are at present, sport seems to be back and I would be surprised if we ever get to the point where we were a few months ago with virtually nothing to bet on. The government have done a good job with the furlough scheme, now time for us all to get back to work, hopefully rebuild the economy and most of all let’s see WMH’s share price back to where it belongs , £2 plus!