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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!!
You can buy my 5 million plus at 14p now Brighty!!!! ??
I agree totally, I have been in for slightly less than you and do trade a bit to lower my average price but am in for more than 10 times your holding at just less than 2p. Everything points to an eventual upside, if not the main shareholder may as well just fold the company. This could be at 4/5 p with very limited good news as we have all seen in the past. I am in until 14p not sure how I’ve arrived at this figure but will continue to trade little bits but I believe this share is retirement money!!!!
Yes the cash flow was also a slight concern but you could also argue they are managing the cash pile in a sensible manner so as not to have to go back to shareholders
I have bought 2 lots today at 1.80 and 1.84 £2000 and £1500 or thereabouts. With regard the RNS, there was a slight negative to do with the weather and turnover and profit being a bit lower. However, there is an awful lot of good news in the content as well, especially when you look at mergers and acquisitions and the fact that small players will struggle and the big boys are getting bigger and that we are a medium player so surely we will get taken out at some point in the coming months.
It’s a case of being patient and what price do the board want to sell at? Keep the faith
Yes, a very good size buy at the close yesterday. There is still very minimal buy and sells going on with this share, I think this is down to the fact that people are holding for a significant pick up in the share price. This stock is a buy to nothing, the potential upside far outweighs any downside. Minimal good news should at least get us back to the mid 3s and any significant news could get us back to the 4/5s.
Onwards and upwards.
I think 3.5 pence in the very near term is highly possible, this stock is now far too cheap. However, I am not adding further as I am already in very deep and am not greedy. Gambling is a business that will always be around and always be popular. This stock is worth £6 million only and there are potentially so many positives to get this price moving north. As more and more states open up to gambling it has to be positive for this stock, remember this share has tanked on no real bad news whatsoever.
Keep the faith all
Sorry, I missed off the word Monty in my post
Firstly, a rather negative reply in my opinion. The company did say that they were looking to invest in the betting system to improve our betting operation, which clearly this RNS adds credence. It is only a one year deal currently but a big step in the right direction.
They did say that takeovers and partnerships were always being explored and this clearly demonstrates their desire, and ambition to expand the betting network.
Although California currently was a damp squid, I do believe this position will be advanced going forward. People in California already bet out of state currently illegally, but I do think this is an opportunity for a revenue stream eventually will be too good to miss.
I understand your frustration at this time, but I am a very heavy investor in this stock and intend to remain a heavy holder. I strongly believe that 2023 will be a very positive year for Webis and the board. We all need to remain patient and wait for the solid foundation over a period to be realised!!
Onwards and upwards
I could not agree with your post more, the only slight negative was a small loss. That aside, there is a lot to like about the RNS. They have seemingly got a 2 year plan, to double client numbers, but it still would appear that a merger or a tie up is very likely
I also think a lot of it is greed, people wanting a quick buck and move on to pastures new and lose the faith with Webis. I so hope and expect that these people are going to deeply regret cashing their chips in!!!
This stock is as cheap as chips, it is a no brainer. The thing that puts people off buying it potentially now is the time it might take to get California passed, which may never happen although I am very confident it will next time around.However, with other states opening up to gambling this will
Be an ever expanding marketplace irrespective of what happens in California. The ones that stick with this stock will be very well rewarded imo which it only is. Onwards and upwards!!!??
I don’t think there will be a long wait. A good set of figures would be helpful to move this price forward. I do think we will merge with someone or get taken out
Not sure when the results are due, but it would be good to get them posted and hopefully they will be reasonable given the enthusiasm for sports betting in America even if California was not keen for whatever reason. I expect that we will get taken out or merge with someone I cannot see is hanging on for a minimum of another 2 years.
The RNS from the board is going to be crucial, hopefully with a very positive slant. There is still a lot to like about betting in America even without California so let’s wait and see!!!!
Sadly it looks like it’s a massive no this time around. Not sure where we go from here in the very short term. I still believe there is a lot of positive potential. Let’s see what their results read like
Sat with over 5 million of this stock and getting to the squeaky bum time. I dare not buy any more, at the end of the day, if the market flys I am well positioned with this stock. It owes me more than 2 p a share so need it to go up from here. However, I firmly believe that if California gets the vote, it has to be good for us in some capacity.
My only concern as previously posted is very poor communication from the board, but who knows what’s happening behind the scenes? It’s retirement money or keep on with the day job for me!!!!
A big drop today plenty of selling but no news at all interesting. As we have been saying any small buy or sells have a huge impact on the share price
Following on from whl post if we get Arizona we will have the 10 states needed to be able to comply with the bill. It is a bit vague though as to how the 10 licences are made up. You would think if we were one licence short, the board would be going hell for leather to comply with that part of the bill.
Whatever the outcome, you would have to assume that if they legalise betting in California and with all of the other states relaxing their rules on gambling there has to be a bright future for Webis. Gambling is already massive in the States and is just going to get bigger over time , as they relax the rules in more states.
You would also assume that big Jim and the rest of the board have a direction for the company whatever the outcome of this vote. Remember, the company does make a profit already all be it modest, and this should continue to advance as more states turn the tap on
Fingers crossed and good luck