Firering Strategic Minerals: From explorer to producer. Watch the video here.
Chris - can I ask who you switched to?
When you change stockbrokers is it easy to transfer holdings or do you need to sell up and buy back?
Although I agree that there is more money staked online than is put into Fobts, I find the comparison irrelevant from a personal perspective. I do some voluntary work for the Samaritans and find we take an enormous amount of calls from people addicted to these machines. I personally haven't had a case study to deal with that has involved on line gambling. Maybe my experience isn't the norm - I will do some asking around. I do find it very sad dealing with cases of fobt addiction. Unfortunately many families have been torn apart and the suicide rate from gambling addiction is very distressing. I guess unless you have that particular gene inside you then it's difficult to accept how difficult it is for people to break the chain. Fortunately when they come to us they have taken the first step - many probably don't get that far. Hopefully the eventual outcome of the government review will recommend a sensible way forward.
I dont understand the argument that the bookmaking industry is putting across regarding the 20,000 job losses should the stake sizes on fobts be slashed. The only reason there are so many high street bookmakers compared to say fifteen years ago is purely because of the machines anyway. Just because something makes money doesn't mean that what's morally right and wrong should be ignored. The labour government should never have allowed their introduction in the first place and we wouldn't be wasting all this time and money dealing with reviews and the fallout in society. Take them out and move on.
Interesting video just posted on YouTube alledgedly showing a William hill FOBT cheating. Can be found under "stopandstep".
I thought it was 22p? Confused now!!
I agree about the tax increase, but I don't think we need to worry about the restrictions. In reality, the spin rate is so much better than the casino form of gambling. People just don't grasp how the 90 odd percent payout works. Also, as far as society goes, we may have to give up some shops but they will only go to a competitor so in reality the same amount of machines will remain. There are plenty of addicts and potential addicts out there so there should be plenty to go round. Just a case of spreading the investment. Maybe we can get a few more people hooked with the online business also. People generally spend more when it's just a number on the screen. And there should be plenty of house keeping money ready to be gambled. Buy all day long. God bless the government
This may not be an ethical investment, bearing in mind the problems facing society because of the FOBTs, but what a superb investment these are. I appreciate that we have to turn a blind eye to family breakups, mental health issues, suicide etc, but these highly addictive machines have saved the betting industry and have created a wonderful opportunity for us all to make a bit of money. I am just weighing up whether to spread my investment or buy into these or ladbrokes. Great business model. What can go wrong? What am I missing?
It's also a huge bonus for investors that the government gets a very nice proportion of tax from the FOBTs. The 90 odd percent payout return to customers is an absolute brain wave also. The idiots have no idea how this works when they spin so frequently. It's fantastic. What am I missing? What's the downside?
I am seriously looking into making an investment into ladbrokes and a couple of other bookmakers. I have been doing some research and have to say that the government allowing the bookies to have these fixed odds betting terminals or FOBTs is an absolute gift horse. I don't think I have ever seen so many people from all sections of society addicted. It's a gold mine. I accept that ethics go out of the window and we must turn a blind eye to families splitting up, suicide rates increasing, mental health issues arising, violent crime etc, but money is money. Someone else's misery won't pay our bar bills or fund our holidays. Superb business model.
Some good looking trades going through
Do you think the board are doing this on purpose in order to sneek a management buyout through? But then what would the parent company who have written off the debt have to gain from that scenario? All very strange and frustrating for shareholders.
This might have been a cheap way into beowulf. But just checking the last accounts I see sve sold their entire stake there. They have multiplied since.
Held these for a while now. Doing housekeeping elsewhere and have just topped up here for what will hopefully be the final push before getting taken out.
As frustrating as it is, until we get an update on the company sale then there is simply no demand for shares here and hence the market makers don't have the appetite to risk holding too many of these. It's a vicious circle with a big spread but that's small aim shares with low liquidity unfortunately. On the flip side, when news comes they will smash the spread and we could well multiply many times over in a very short space of time. Must be close now surely?
Just checked and their registered office is canada.
If they delisted from the tsx a couple of years ago how come they can abide by canadian rules?
I don't understand your reference to them employing a Canadian company? Lincoln international isn't Canadian The canada reference refers to tps being listed on the tsx and has different rules. Or am I the one that's wrong?
Metatarsal - don't mean to be rude but are you having a laugh or deliberately misleading investors with your post?
Exploding