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Take a look at Evolution AB. Up 3,3% today.

Earnings tomorrow. Someone always knows..

Soon, it will be our turn.

Looking at the RNS released on Monday, which provides guidance for 2025, it seems that the B90 has improved significantly, moving from a net loss of £5.5m in 2023 to a net profit in 2025.

This suggests that we should see a substantial cash amount on the balance sheet when the audited numbers are released. This is compared to the FY numbers for 2024. If this does not signal a completed turnaround, I do not know what will.

The analyst target price set in 2023 was around 9p. From my calculations, it looks like the company is in line with or ahead of the numbers at that time. However, the stock is still trading under 4p. Go figure!

The forward-looking part of the RNS released by the company indicates that all is well and that the company has started the year well. Or at least, that's my interpretation. I guess we'll find out when the audited numbers are released. Hopefully, a full Q1 update will follow.

No matter how I look at it now, I think the share price does not reflect the analyst valuation, which has been available for a long time. Nor does the share price compare well with that of peers, in my opinion, given the growth that B90 can produce in comparison.

Finally, B90 is a highly automated company. Whenever an interview is published or an RNS is released, the focus is often on AI and machine learning. In a world where competitors seem to be outperformed by AI (as many of them rely on traditional SEO methods), B90 is a breath of fresh AI air. It's refreshing to see AI making a meaningful impact on a business for a change. I hope this continues to be the case. If so, it will only improve margins going forward. That will be good for the shares I hold. And my God have I been patient..

Like Anthropic's Claude AI tool is changing the game in the legal software market, with legal tech companies reaching billions in valuation and AI tools beginning to match or outperform lawyers in speed and accuracy, I hope to see the same development accross the board, including the sector B90 operates in. I continue to hold. Not gonna sell @ single digits.

Sorry, got the link wrong, here is the correct one:

enjoy! 😊

https://www.londonstockexchange.com/news-article/B90/trading-update/17144922

Finally! Good news! 😊

The trading update from B90 Holdings PLC highlights several encouraging developments that underscore the company’s growth trajectory and operational success in the online gaming and sports betting sector. Key points from the update include:

Strong Revenue Growth:

B90 reports a significant increase in revenues for the first half of 2025, driven by robust performance across its online sportsbook and casino brands, such as Bet90 and Spinbookie. This growth reflects the company’s ability to capitalize on the expanding online gaming market and attract a growing customer base.

Improved EBITDA Performance:

The company notes a substantial rise in EBITDA for H1 2025 compared to the previous year. This improvement in profitability indicates effective cost management and operational efficiency, positioning B90 to generate sustainable earnings as it scales its operations.

Diversified Revenue Streams:

B90’s business model, which includes both operating its own brands and generating marketing leads through affiliate agreements (via platforms like Oddsen.nu and Tippen4you.com), provides a balanced and resilient revenue base. This diversification mitigates risks associated with reliance on a single income source and enhances long-term stability.

Positive Full-Year Outlook:

The update states that B90 expects its full-year 2025 performance to align with market expectations. This forward-looking confidence suggests that the company anticipates continued momentum, supported by its strategic initiatives and market positioning.

Market Positioning and Brand Strength:

B90’s focus on licensed platforms offering sports betting and online casino services, including live betting markets, positions it well in a competitive industry. The company’s ability to leverage global sports events and expand its market reach enhances its brand visibility and customer engagement.

Technical Indicators:

According to available data, B90’s stock has a “Strong Buy” signal based on moving averages and other technical indicators. This suggests potential for a rally, particularly as the market digests the positive trading update. My target is 12 GBX which represents a significant but achievable increase from the current price, reflecting technical momentum and fundamental improvements.

Industry Trends:

The online gaming and sports betting industry continues to experience global growth, driven by increasing digital adoption and regulatory liberalization in various markets. B90’s focus on both direct operations and affiliate marketing positions it to benefit from these trends.

B90 Holdings PLC’s trading update reflects a company on a strong growth trajectory, with significant revenue and EBITDA improvements, a diversified business model, and a positive outlook for 2025. These factors support a bullish view on the stock.

Link to the trading update attached below:

https://www.londonstockexchange.com/news

$B90 Holdings Plc (LSE: B90) is finally showing its potential as a remarkable turnaround story, and it’s heartening to see some reward for loyal investors. The share price has climbed over 60% from its recent low, a testament to the solid progress reported over the past 18 months. The 2024 financials were a bright spot, highlighting strong growth and a management team that’s clearly steering the ship in the right direction. For those who’ve weathered the storm—many still down 70% despite this surge—your resilience is commendable, and this uptick feels like a well-deserved step forward.

For the record, personally I have not sold one single share, and I strongly believe Mr.Ronny Breivik will continue to succeed this turnaround story. I have faith in him!

B90 is capitalizing on the thriving online gambling sector, which is projected to grow at a CAGR of over 11% through 2030, driven by mobile betting and expanding global markets. Their diverse portfolio of casino and sportsbook brands, paired with strategic execution, is paying off. Last year’s Q2/H1 trading update on July 30th set a high bar, and I’m optimistic about a potential update this month. If this management team sustains its momentum, B90 could be on track to further close the gap for long-suffering shareholders.

The gambling industry’s tailwinds—tech innovation, regulatory progress, and rising demand—position B90 well for future gains. For those considering adding to their holdings, this could be a pivotal moment. To all the steadfast investors still in the red, hang in there—B90’s trajectory suggests brighter days ahead.

#B90 #GamblingStocks #Turnaround

As always, things are taking a lot longer than we'd hoped, but we're getting there. 2024 turned the red numbers to green and this year will be very interesting. I'm confident that the share price will rise as EBITDA continues to improve.

This remains a strong buy. Insiders are holding and/or accumulating.

I'm gonna place my head in the guillotine and predict a tripling of the price within a remarkably short time frame once the market learns the tournaround is in full effect.

I am 100% sure dividend is out of the question short & medium term, meaning 2024, 2025 and most probably 2026 as well. The strategy is growth, and all resources will be channelized towards that aim.

"Ronny Breivik, executive chairman of

B90 Holdings, explains how the company's shift from B2C to B2B has transformed the company's profitability, and with a heavyweight team of gaming veterans in place has a solid foundation for global expansion."

https://m.youtube.com/watch?v=49XocNTIX-g

https://www.voxmarkets.co.uk/articles/inside-b90-holdings-behind-the-gaming-specialist-s-transformation-3c909ba/

The CEO & Chairman is buying. I will follow suit. From this level it will be an easy double up within months.

https://www.b90holdings.com/sites/default/files/2024-06/190.%20RB%20purchase%20%2811.06.24%29%20final.pdf

Https://www.voxmarkets.co.uk/articles/q-a-with-b90-holdings-we-have-built-a-platform-that-can-be-scaled--74ee9ae/

This is it. Solid confirmation. "EBITDA positive numbers for every month in Q1 of FY2024". The turnaround moment.

The strategy is clearly communicated in RNSes. The Company is a b2b company servicing the gambling sector. Now, through marketing. The acquisition of EMWYS falls in line with this.

I have not sold any of my position, which of course is in deep red for the time being. Nor have I accumulated any new shares for quite some time. I want to see green numbers before doing so. Once that occurs, I will start adding.

Full Year 2023 results should be announced soon. The management would be wise to guide us on expectations for 2024. The tone in previous RNSes has been that the Company targets profitability in the short term. It would obviously be amazing news should the management manage to get this executed. That remains to be seen, but I think they will deliver.

One can always discuss what makes a site a great site. Overall, I agree on that the site should explain to new users what Oddsen.nu is about. Coming from the same GEO as this site has traditionally operated in, I can however say it is the most reputable site in its area. And it has been so for years. The business model seems proven beyond doubt. Can it grow internationally? I think so, and I´m betting on it :)

Blandford has sailed through rough seas before. He tends to come out of the storm intact, and usually more wealthy... :)

Not sure about the funds.

Blandford keeps accumulating, and that is a good sign for sure.

The latest update from Zeus Capital Ltd (available on the Zeus web portal), is pure eye candy in my opinion. Targets hit for 2023, and green numbers expected for 2024. Price target set forth is more than double the current trading price (!)

It seems cost reduction measures has been successful. I strongly believe that Mr.Ronny Breivik and his team has made some tough, but right, choices, and the shift in strategy is now paying off. Also, IMO, having Mr.Mark Blandford, the founder of Sportingbet, on the team as an advisor, has been a valuable asset for the company.

I also think it is worth mentioning that Mr.Blandford is a significant shareholder in the company, and furthermore; as far as I can tell he has not sold any shares during 2023. On the contrary, his positions has increased.

Trufflehound, I agree completely. And the company delivered on Revenue and Profit After tax.

It hit 2023 targets, and it guided a 2024 in line with their last RNS. The management did deliver on what they said they would deliver. Reading the RNS it is obvious that operational costs have come down.

It is January. Not many companies will go out and guide in strong wording how the year will look like. From my point of view, B90 went very far in saying profitability is to be expected.

Https://www.londonstockexchange.com/news-article/B90/trading-update/16313037

From red numbers in 2023 to green numbers in 2024. That is significant news, and I think we will see a very positive development with regards to the share price this coming months. Obviously not financial advice, everyone should do their own due diligence.

It´s all here:

https://www.londonstockexchange.com/news-article/B90/shift-to-b2b-operations-relaunch-of-bet90-com/16200137