Member Info for Saab93se

I added at 838p and again at 835p, then sold most of these at 850p. Should recover but for now it’s a great share to trade and low risk to buy below 900p imo. Guessing it’ll be back to around 880p or above today

I’d have to disagree. With customer wages rising faster than inflation, the debt will become less of a liability.

Chancellor Jeremy Hunt said: “It’s heartening to see inflation falling and real wages growing, keeping more money in people’s pockets.”

More money in the pockets of people who aren’t gamblers.

Could be. Worth buying the dips anyway!

25,000 at 45p for me. Bit of a gamble but I don’t think the recent drops are justified.

0.5% short declared 6th November. Looks like more shareholder value is to be destroyed. Shame really as it’s a good company.

“Mecca venues had a very strong start to the year, benefiting from the wet weather in July and early August with NGR up 17%.”

Looking through your old posts, to be fair you were saying the same at 118p. I’m not currently invested here but I plan to buy (again) at some point.

Testaccount66677, why worry investors about your perceived lack of growth when the SP has dropped to low-80’s? Surely better to bring up these concerns when the SP was over 10% higher not so long ago.

Malcolm12, the markets appear to be heavily manipulated atm. The drop into low 60’s followed by this unexplained rise back up to the 70’s… while admirable to buy and hold for the longterm, I think it’s good to also take opportunistic profits when you can.

Top sliced 10,000 at 73p (only because I’d bought way too many) will gladly buy these again in the 60’s if it drops back

There’s been a lot of recent hype about DraftKings bidding for 888, Entain and UK gambling companies. Maybe it’s the Rank Group they’re eyeing up?

I also bought some today and hope to keep adding. 50+ cash generative UK casinos, Mecca Bingo and a growing digital brand, all for £300m. This is much too cheap!

That is interesting. Could see -30% or more if MW are involved… Glad I’m out of this now.

I think it could be a very good investment but I’d like to know a little more about the assets held. Information on the website seems quite thin. The shares are at a significant discount to net asset value, which appear to remain fairly solid and currently give a 6.4% yield. The company is repurchasing the shares on a daily basis, over 3% so far since August, which it says will only reissue at a premium to the NAV, and to me this suggests an eventual rise in the SP is guaranteed.

I bought back in today because Tencent and Alibaba’s SP appear to be recovering, loosely mirroring the rise of U.S. stocks, and this hasn’t been reflected in the most recent NAV. Should soon be back to 230p+

I wouldn’t touch this company for another year or two. Grossly overvalued at £10bn

Delayed action movement for Fres, waiting to check gold and silver are definitely going upwards and not a false start or random spike, before making bigger moves.

Agreed. I sold at a loss at 234p

Yes, there was an equity raise in May 2020 of 100m shares (around 20% of total shares) at 230p each