The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have bought in 5 times today for a £1000 each roughly at 4.28 4.19 4.07 and 3.99 twice, I could not resist, I will buy in more if it goes lower but hopefully it will push back up to 5p in the very near future. I think 3.5p would be ambitious as it has not got down much below 4p in the last few months. The company is now clearly turning the corner with regard to profits, even if we at this stage have no real update of significance. Also, there is very low volume in this stock, I think most people are just holding for some positive news. Any good news could see this share at 6/7 pence in a couple of days.
Good luck to all you faithfuls!
Looking at historical reporting, full year results should be out this Friday or next Monday, unless there is an accounting extension! Unusually quiet but hopefully the results and a trading update going forward could see some significant volatility upwards!
Hi all
Not posted for a while, like most of us hard core holders actually. Been trying to find out if we have bid for a licence, and not sure if we have or not?
I assume that we have not based on the limited stuff I have seen. If this is the case, how does that work with our licence, does it become worthless, or would we discard our licence if that was the case?
I know the big one is California, but it would be interesting to find out?
Also, I presume we will not get the end of year figures until November at least? They could also be a very interesting read.
Keep the faith
I find it very encouraging that there has been minimal posts on this stock for 2 weeks. Some people might see this as a negative, but I am the complete opposite, all shrewd webis investors are holding pretty much and are not prepared or too frightened to lose out on the spike, if and when it happens. The low volume is very comforting, no hype just hold and sit tight, keep the faith and make potentially plenty, I’ve bought into this theory, and seemingly! I am not alone!!
Any news basically, it could be a trading update as the year end is in a couple of weeks. It could be an update on the gambling bill in New York, or it could be an update on partnership agreements or merger updates based on what was posted in an earlier RNS by the board if you look back.
As previously stated, there is no volume on this stock, as everyone appears to be in for the longer haul, and also, if you track the historical share price, it now for 3 weeks or so appears to be in the mid 4 trading range awaiting news to push it higher. This share has come a long way in a short space of time, with very little actual news, it’s more potential.
However ,let’s not forget, this company is a real business, and makes a good profit, this should only continue to go up with more states opening up to gambling going forward.
Hi all
Just wanted to comment on the complete lack of trades on Webis at the moment. Both yesterday and today, almost non existent. I think this is a really positive vibe for the stock, nobody is prepared to sell for fear of missing out. For once, greed is not kicking in, and people are prepared to wait for the day of reckoning.
I personally do not think this will be long in happening ??
I think it’s very good that this stock is holding in the low to mid 4s. I thought it was going to tail off yesterday, but it rallied into the close. I have been buying a few bits this week, trying to lower my average further. There is very low volume on this share now, with the exception of the big buy in the last week or so. I think this is really encouraging, as nobody is prepared to sell out, and are waiting for any new developments.
It is also good news that we have not had an RNS regarding lower than expected second half year performance, which with only 3 weeks to go to year end, we should have heard something by now.
I expect we may hear some developments in the coming couple of weeks fingers crossed.
Keep the faith, and hold for exciting times ahead.
It has been a very downward day today, not sure quite why.? However, i am very comfortable that this will not drop down to 2 p a share. I have bought in down again, so personally Very happy indeed. If it goes back to 2p I will be remortgaging my house on this one, it cannot go wrong. There are so many positives with this share, and so little potential downside.
Be brave, buy as much as you can. You WILL be soooooo rewarded!
I cannot get more excited about a share, this is so out of character for me. I am deciding what to spend the money on already!!
Another great day for the share price. What I love about this company, is that not many people post, or ramp up the share price. People understand the stock, and are sat holding waiting for further developments.
Sit on your hands, this stock will fly!
So, another good day at the office with positive gains. More interesting is the fact that 4p seems to be a bottom presently, which is really good for a benchmark compared to what it had been in previous times. I stupidly keep trading and have sold just over 100000 shares today, but will buy back in again if it dips.
Fantastic day, fantastic stock, possibly early retirement!
Keep the faith, this is going to be. a big one??
Very surprised to see this drift below 4p, I bought again today at 4.29, 4.2 and 4. I am sure this will stabilise and go up in the short term. The fundamentals of this company are such, that at this price, they are a cheap share just based on the day to day sports betting model.
If you then factor in the licences that we hold, and the recent announcements regarding legalising sports betting in any and Maryland, this is a no brainer. Not to mention California, that is from all accounts the golden ticket.
Finally, do not forget the likelihood of being bought out or a strategic partnership with another sports betting organisation. Don’t normally ramp stocks up, but 4p really? Utter no brainer
I understand your point, but I am buying a bit of Insurance, and still holding around 1 million shares minimum at any given time. I will keep buying if it goes down, and be sat on an even healthier profit if we get bought out. Maybe I am being naive or just foolish, I do think this share will fly, I just want to be holding as many as possible. I currently hold in excess of 1% of the free shares, so it will be a meaningful profit, if of course it happens!!
Well, I’m not sure if it’s a big seller or not, as I say, 2 of the alleged sells were buys by me £1494 at 5.30 and £1494 at 4.97 I think. The price has risen back up again to 5.05 to buy. It could be the mms messing about with the share who knows. I have sold out almost a 1,000,000 shares in the 6,s but have steadily bought all of them back in the high 4,s and low 5,s, I am in for the long haul whatever happens, this is the best stock I’ve come across potentially in years. I will keep trading though to get my average down with some but will always keep a minimum of about 900,000 to 1,000,000 at any given time.
Well, a good spike down today, as usual some of the sells showing up are buys for me today. I have bought 4 more lots today of £1494 at 5.05, 4.97 and 4.79 and sadly at 5.3. However, happy to increase my stake in this one at these prices. I will buy more if it reduces down any further.
Hopefully, we will get some news on what’s happening soon, but for now, load up at a reduced price??
This share is eerily stagnant at the moment, which I think is really great news. The share has trebled in price in the last few weeks and is now holding firm. There is very little trading in the shares, everybody is sat waiting for the next leg upwards.
There is good news about more states passing sports betting, and that Webis holds licences in at least 2 of these states being any and Maryland.
Let’s see where this leads us, but all signs point to a positive, although an update from the Bod would be good, as to what holding licences in these states actually means to us.
I will hold for the long term, this share will only head one way. I would love to be able to read Jim Mellons mind!
Hi Spadge, the good news is that as more and more states legalise sports betting, the momentum grows with this stock. The problem with the pandemic, it has caused more states to find alternative tax revenues.
This stock is far too cheap, the fundamentals are really good, and most importantly, we trade and make a profit!
Spadge, look at Simonthe pieman post 23rd March 2021
Spadge, we did hold a licence back in April 2019, I cannot see why we would not retain it, we tend to renew them, but likewise I may be wrong
That’s another 13 million plus people less minors in these 2 states. Obviously, we hold a licence in Maryland population of 6 million, not sure about Arizona licence? It would be good to get an RNS about what all of this means if anything. It has to at least increase the turnover and profitability of the business, which will help build the value of the core model, even without taking into account Ny, Ca etc
A red start to the day atm. I made a few buys this morning 2 for £1494 which are showing as sells sadly. I also bought another 2 lots at 6.31 ish today, I could not resist, as I think as I said last week, they are just treading water before the next surge upwards.
I agree, any announcement if any from the company, could be very fascinating. I am sure there is a lot more going on behind the scenes, we will just have to bide our time. I personally think this will fly, I am a long hauler, but will trade a bit to lower my average price.