Member Info for madfistbt

The first correction from 1.63 on that monday to finishing the day on 1.52 just seemed to be based on a lot of people selling as they thought it was overpriced, the second fall was driven by the whole market dropping quite drastically that one day, the next fall was the retail offer on primary bid retail at 1.28 bringing the price down, next fall was california not getting betting legalised, this next fall is driven by more coronavirus fears, but william hill is dropping way sharper than the ftse250 and other betting companies.
I know that william hill isn't diversified as flutter and more reliant on shops, but the price dropping by more than a third in less than 3 weeks is quite something. Any other reasons people can think of?

Its weird though as the Monday after a weekend of mass riots in the us and uk this share jumped to 1.63, i thought the potential for a third wave would have been somewhat priced in, obviously not. Seems like it could easily fall sharp or rise sharp at this stage, bloody lottery.

Its fallen a lot sharper than the ftse250, 4 to 5 times more since it peaked. Fts250 is only 6.2% down from then, this is 22% down from the end of day on that monday and 31% down from the 163 peak same day.
Shares are a lot more emotionally driven and based on fears and euphoria than i realised.

Don't think ill get involved in shares again as i dont understand them enough, its dropped from 1.63 to 1.22 and im not sure why lol

what the hell, there's an 83 million sell for gvc

19-Jun-20 16:35:10 762.00 10,844,622 Sell* 764.20 766.00 83m UT

Is there anyway to see big trades (both buy and sell( from the last few months? Maybe its just a broker and not mr betfred

19-Jun-20 16:35:23 133.65 13,989,932 Buy* 131.65 134.20 19m UT

I'd like to think that is a positive sign , but nothing makes sense with this share to me anymore.

Me and you both, i thought it was supply and demand that drove prices, makes no sense to me this big fall back on the price as well the last few weeks, can't think of anything that makes it less investable now than it was when it reached 1.6.

What has changed in the perception of the value of this company that has seen it drop so sharp in the last few weeks? I really can't think of anything.

Lol what a nanny state! There are already enough controls to limit or block betting online for this to get a look in imo, you can go to gamstop and self exclude from all uk registered bookmakers. I used to match bet but gave it up as bookies run so many checks to make sure you are gambling sensibly nowadays. Would be heavy resistance to this passing. Imagine a millionaire being told he can only bet £2 on roulette? Lol! Would just open up a black market for it.

Speaking of, this gives a few potential dates if it went through in November

https://sports.yahoo.com/could-sports-betting-look-california-232521297.html

Don't engage with him, hes a troll trying to wind people up.

Got a quote there for 1.31. :( Makes sense seeing the us share dropped 5.5% and that is very similar.
Will come back up though, mad value in this, they got an extra 50 million rebate and the trading update was positive. People are sleeping on this.

It dropped 5.41%

That's good about the windfall though, i thought it was 150mil originally? Extra 50 mil, no harm done. I wish i had the self control to just forget about this and look at the price in 6 months, im sure itll be flying then.

The us share price runs very similar to the uk one so not good that its dropped a lot.

People will probably panic sell, id imagine it will be similar to the us price and drop 5% and then go up above what it is now next week.

What's to stop people who brought at a discount today using it as an arbitrage opportunity? selling the same amount of their existing shares tomorrow as they brought today?

Gamble responsibly ladies and gentleman, don't be a degenerate like me, its not worth the stress.

Ok cheers for the reply, when i saw all the new messages i was hoping it was about an offer from the done brothers. Hopefully this wont be detrimental even in the short term.