Webis Share Discussion Threads

[sea7] 13/5/2024 16:01

Simon cawkwell on webis - 30th april 2024

Finally, Webis (WEB) this morning provide an upbeat declaration that they are ready to benefit in the coming weeks of the American turf season. WEB forebear to claim that profits are on the way. But if they are WEB is very cheap indeed at 1.5p to buy. Despite the fierce competition that WEB would face were it successful I still think the current capitalisation of the order of £5m is quite mad. This is worth a bet.

[[e-mail]] 01/5/2024 12:52

sit and wait for 6p

[[e-mail]] 30/4/2024 12:07

just sit and wait,

[sea7] 30/4/2024 08:16

we will also promote these critical assets and make them more available to potential partners in the industry.

they will sell this sooner or later

[passeridae] 30/4/2024 07:12

Looks like there's life in the old dog yet :-)

I'm liking the new focus and the way the RNS reads - let's hope the transformation begins!

Ed Comins, Managing Director of WEBIS Holdings, commented:

"We are pleased with the recent website improvements and the upcoming marketing plan, and we are also aware that the company is one of the most competitive in the global ADW market in terms of content and licences. As we improve the performance of the website for our players, we will also promote these critical assets and make them more available to potential partners in the industry."

[daicaprice] 19/4/2024 12:48

Still no trade showing but something has spiked it up I guess.

DC

[[e-mail]] 19/4/2024 09:44

is there a buyer around,

[sea7] 08/4/2024 17:08

still expecting a bid at some point...

From the last accounts...

As fixed odds sports betting spreads throughout the USA at an impressive rate, there is a growing demand by the larger operators to partner, merge or even acquire licensed pari-mutuel operators. Our internal market analysis suggests WatchandWager has a unique position in the USA as one of the top five licensed operators in our sector. Our stable platform of technology, payments, licenses, and most importantly content, is of interest to the larger sports betting operators, who are looking to augment their gross margins, which are under increasing pressure. Our licensed operation at Cal Expo with its “bricks and mortar” presence in California, enhances that position, especially in relation to leverage in California and the USA generally

[passeridae] 25/3/2024 15:34

Thank you for sharing that Sea7.

[sea7] 25/3/2024 13:00

Cawkewell talks about webis in podcast dated march 18 2024 ..



starts at 33 mins

he reckons losses coming to an end and has terrific opportunity. He extols the virtue of monarch agreement and the exposure to the big race courses. Says webis has a tremendous range of contacts built up over time. Thinks webis could be a huge beneficiary of the drive towards legalised sports betting in the US.

[taperkick] 06/3/2024 10:25

So 888 can't make money from B2C in the US and want to exit. No surprise Webis haven't made much money either.
What is the value in the licences? How can people say £75m? The share price and (lack of) profits says they are not worth that much.

[daicaprice] 06/3/2024 07:43

Spotted this from 888 this morning, any significance to WEB



DC

[[e-mail]] 27/2/2024 09:20

its my biggest holding waiting for a takeover.

[daicaprice] 27/2/2024 07:43

Agree Passy, it all about an offer/takeover.
Not currently holding but another year of watching closely

DC

[passeridae] 27/2/2024 07:17

Not impressed with the numbers again but, probably like everyone else, it's the outlook that interests me:

The Board agree that we must focus on four key areas to achieve growth, and a return to profitability and advance our known licensed position in the USA for the benefit of shareholders. These four initiatives are as follows:

> To grow the B2C business platform in terms of player numbers and handle, and therefore improve margin for the business. We have proven that there is consistent growth in this sector and the next six months will be very important in this area.

> To continue to grow our land-based licenses at Cal Expo and potentially in other States. There are some very interesting developments in this area at time of writing, and we will update shareholders as soon as there is more tangible news.

> To utilise our key assets to provide third party services to existing or new entrants into the US market. Evidence suggests there is a good market for these services as stated above. These are the potential to share our US and international content rights, our licenses especially in California, our US based banking and payment methods, and our technology.

> Finally, and related to point three, we are very aware that strategic interest in USA regulated gaming, including horseracing, is very strong at present and will continue to be for several years. The larger operators, and also new entrants to the market, are looking for stable operations to either merge with or to acquire outright. This is exactly what WatchandWager offers, and the key Executive has been instructed by the Board to pursue these opportunities, if they are of benefit to shareholders. We will keep shareholders fully informed of any developments in this area.



This time next year Rodney ...

[passeridae] 23/2/2024 07:50

Interims due ... Monday perhaps?

[[e-mail]] 27/12/2023 10:13

6p on the way about time

[richie32] 27/12/2023 10:10

Somone knows something. Not me, unfortunately.

I'm pleased anway...

[trentendboy] 22/12/2023 22:03

lol - but why - hmmm

[thomstar] 22/12/2023 15:44

And it's still spiking , lol

[richie32] 22/12/2023 09:40

Not sure why it has risen today. That RNS seemed pretty routine to me

[[e-mail]] 22/12/2023 09:27

they keep you in the dark