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I was surprised the share price did not go up further yesterday or today yet. I felt the RNS was quite punchy yesterday and finally it would appear that the BOD are showing signs of promoting their brand which is what the SP needs. Expect some fireworks in the coming days and weeks on very little news or trades
I’ve just topped up at 1.10 I think it’s as cheap almost as it will ever be hopefully!!!!
It would be good to see a significant rise in turnover on this stock as most of the business is done in the US. Companies turnover and profits are rising significantly so in theory and hopefully the same will happen with us. This stock will surely get on an enormous charge with very little news it’s just a matter of when it happens. DYOR
I think you might of missed a nought off your recent post!!!!
You would hopefully expect a spike in the share price soon, especially as they are now looking to merge or be sold to another operator. Also, the improvement in our online facilities and the massive increase in online betting in America.
It would be good to get an update on trading and/or any news of any developments to sell or a joint partnership. This is clearly a buy from here, but it’s just how long you’ve got to hold, but patience will pay through for certain. Keep the faith!!!!
I have just seen on Bloomberg that Flutter turnover in the US up 40% and profits in America set to triple. Our stock and turnover has to take off at some point in the very near future.
Taser, I slightly respect your cynical approach, and get your reasoning behind it. However, in previous posts including the one you mention, they say they are open to discussion to M and A etc, but now they have instructed the key executive to formally accelerate this process, I think the dialogue can be interpreted in a far more positive way than you are suggesting.
Let’s see what the next few weeks bring 😊😊
Yes I agree, it is very hard to value a stock
Like this and to value the licences that Webis hold. However, with the intention seemingly of the BOD to look for M and A or a tie up or merger, any news would send the price soaring. I bought a few more yesterday, as this price is massively undervalued, you might have to wait a few weeks or months to see a substantial paper profit, but trust me it will come.
Firstly, it’s a little disappointing that the turnover and profit are down a fraction but if it’s down to adverse conditions of the racetrack to an extent that is understandable.
However, on a more positive note, I am staggered that the share price is currently down in trading today, the board seem to be angling towards selling out or a merger/ tie up with a much bigger group. This has to be a compelling reason for the share price to increase significantly as we are starting to see some end game of this stock even without the main prize of California having to wait for at least 2026 before gambling is legalised. This should be a buying opportunity not a reason to sell
Yes, the prediction. Was 23.1billion dollars, up from 16 billion last year, a massive increase in betting turnover. Most important statistic is only 1.5 billion from legal betting, which goes to show they really do need to crack on and legalise in more states asap
Had a great day trading these again, sold at 1.75 and 1.76 and bought back at 1.59 and 1.49 so nicked over another 100000 shares for free which helps.
What a great Christmas present to us all long term sometimes frustrated Webis holders. There is an awful lot of positives to like about this stock and massive upside potential.
The only slight negative is board a bit slow with RNS updates and we might have to wait for California to get the online betting passed.
However, I think with everything going off in the gaming world especially in the UK and Ireland, we will get snapped up in 2024 at a very healthy premium. DYOR
Keep the faith it’s coming
Well, having studied the RNS a couple of times I feel pretty positive about what I’m reading. Slightly disappointing to have made a wider loss, but there seems to be fair reasoning behind this with bad weather and tighter market conditions and competition.
However, the positives far outweigh the negatives, the big one for me being the website development taking place in the first 2 months of 2024. This is key to the development of the company and also its value in the market place. This along with the value in the licences and the current live racing with a chance of another track coming on board makes us a suitor for other betting organisations.
This has been a very slow burn, and at times very frustrating. However, I strongly believe that 2024 for a number of reasons will be our breakout year.
Keep the faith, you will be significantly rewarded.
Not sure why final results not posted yet, unless they have asked for an extension but cannot understand why they would need to
I am very happy about the refinancing and glad our main shareholder is injecting the working capital. This is a far better way than diluting down the stock all be it a high but fair premium.
This should enable us to go to a different level, and make us even more attractive to would be suitors and or M and A.
Things have been quiet on the news front, but basically this could be what’s needed to take our company and hopefully the share price to a totally different level in the near future.
I could not agree more with your comments tbh. I bought another 166000 shares today given the price. This is so undervalued but it needs a kick start which will hopefully come in the near future.
I think we will be snapped up in the next few months it’s just about being patient and a couple of positive RNS would be most welcome
There is no way he would sell out for 3p when he could of sold out for 8p 4 years ago. Now more and more states are legalising betting it has to improve our position. This share was trading at 4 plus pence 2 years ago, and we didn’t all sell out then.
Sit tight, hold your nerve and you will be rewarded. Alternatively, chase another stock and possibly miss the boat.
Your call
I could not agree more with both posts today, this is a great opportunity to invest, I did sell £2500 on Friday only to buy back in when or if they dip down. This share could be down to 1.30 or up to 2.5p by the end of the week. I’m always trading a few but now hold almost 6 million shares so totally believe in the company.
However, it would be good to hear some positive news from the board, and we may need to be in for the long haul, but I think we will get snapped up soon. At this price, there are so many would be suitors you would think with deep cheque books waiting in the wings.
Let’s see what happens next week
I have topped up a couple of times in the past week, but not today. Although there is no news and the share price has tanked, there are very few sellers, this business is now so cheap each licence is supposed to be worth 5 million dollars and the business is valued at about just over one licence let alone the fact that it’s trading. Not sure how long to have to wait but I am still very confident that this will fly at some point imo keep the faith
I bought in yesterday at 1.62 and again today at 1.55 another £3000 but it’s showing as a sell. Not sure what’s happening tbh but at these levels I had to fill my boots!!