Webis Share Discussion Threads

[daicaprice] 01/4/2022 14:54

A nice £10k there @2.9p.

DC

[daicaprice] 01/4/2022 13:18

Looks like someone else had the same idea mcmather, or at least wanted to reduce.

DC

[daicaprice] 01/4/2022 11:54

Into the top 20 on the risers board, that may get a few looking in.
I’m assuming the extension news has been shared in the press somewhere for the sudden delayed upturn, I can’t seem to find anything but I’m probably looking in the wrong places.
It’s nice to see, whatever is driving it.

DC

[mcmather] 01/4/2022 11:33

D'oh! Bet it's the 64p bid on its way.

[passeridae] 01/4/2022 11:29

mcmather selling out has given the market confidence again :-)

[daicaprice] 01/4/2022 11:19

Well we’re back heading in the right direction, a good morning so far.

DC

[mcmather] 31/3/2022 16:55

Cheers chaps. On reflection, I should have followed my instinct in early / mid Nov 2021 when the share price was just below 5p; there’d been no posts on social media for 10 days and when I queried with Comins at that time why that was, he wasn’t aware.

The hardest bit of the decision is that a significant bid might always be coming 'tomorrow', or there might be a positive development re California. But the recent results, coupled with the lack of a response from the company, just helped make my mind up.

If they can show that they are able to grow in the brutal market that is the US, the share price is easily worth north of 10p. And if the California ballot opts for the (proposed) cardroom proposal, possibly 64p Rodders...

[passeridae] 31/3/2022 16:00

Good luck MCM - no offence but I hope you soon regret selling up :-).
Seriously though - understand your decision and wish you all the best.

[david gruen] 31/3/2022 13:33

Auto-Analysis:

[daicaprice] 31/3/2022 13:27

I’d be happy with 6.4p at the moment mate, good luck.

DC

[mcmather] 31/3/2022 13:11

Good luck all; I’ve essentially sold up now. I’d emailed Ed Comins following the results but didn't receive a reply. Expect the '64p bid' to therefore land any day now!

[daicaprice] 31/3/2022 11:58

Is it finally waking up after the licence extension? Maybe some press coverage somewhere.

DC

[daicaprice] 28/3/2022 17:00

Well what a disappointing day, when I read the RNS this morning I was honestly expecting an easy close over 3p, let’s see if there’s a delayed reaction tomorrow.

DC

[daicaprice] 28/3/2022 09:27

No interest over here in that lease extension, I wonder if it may pick up this afternoon when the US awakes.

DC

[david gruen] 28/3/2022 07:39

Webis Holdings PLC

28 March 2022

For immediate release 28 March 2022

Webis Holdings plc

("Webis" or the "Group")

WatchandWager secures approval to extend lease at Cal Expo

Cal Expo landlord approves extension of lease to 2030 in Sacramento, California

The Board of Webis, the Group specialising in pool wagering and the operation of WatchandWager Cal Expo, the Californian harness track, is pleased to announce that its principal USA based subsidiary, WatchandWager.com LLC ("WatchandWager"), received formal approval from the Board of the California Exposition and State Fair in Sacramento, California on Friday 25 March to extend its lease of the operation of Cal Expo Harness racetrack till May 2030. The current lease runs to May 2025, so WatchandWager has taken up its option to extend the lease for a further five years from that date.

This approval is subject to a signed contract between the landlord and WatchandWager, but the key commercial terms of the extension have been agreed, so the contract is expected to be a formality. Shareholders will be informed when the contract extension has been signed.

WatchandWager has operated live Racing at the Cal Expo venue since 2012 and continues to improve the quality of Racing at the venue. In addition, this sector of the business has proven to be profitable in the past and indeed currently. The Board sees no reason why this positive trend should not continue to be the case into the extension. The racetrack also enjoys an excellent health and safety record for equine and human participants, and this continues to be a key focus for the operation.

This approval secures the WatchandWager physical licensed presence in California for a further significant period, alongside its existing online license. This commitment to the State is important, as the State Capitol continues to consider its options for the legalization of sports betting in California, the biggest market in the USA. Whilst this subject is complex and currently subject to change, the Board believes cementing its position in California as a Racing and Gaming operator can only enhance its prospects in the key State of California.

It should be noted that the above extension approval does not require approval from the State regulator, with WatchandWager already being approved by the California Horse Racing Board to conduct its operations.

[mip55] 28/3/2022 07:37

Just for interest. Latest twist in the California situation https://www.legalsportsreport.com/66840/cardrooms-push-against-tribal-california-sports-betting-measure/

[passeridae] 28/3/2022 07:22

Indeed ... excellent!

[daicaprice] 28/3/2022 07:07

Nice bit of news to start the new week.

DC

[daicaprice] 25/3/2022 12:41

A little tick up on minimal volume is also very welcome on a Friday afternoon.

DC

[daicaprice] 23/3/2022 10:33

We are about to slide of my favourites page which just about sums it up at the moment, mind you everything I’m in is very low volume at the moment even after regular news on one.

DC

[daicaprice] 21/3/2022 18:38

Good positive day even if the debatable 2 X 40k trades were sells, a bit more of the same tomorrow should get us a tick up.

DC

[[e-mail]] 21/3/2022 09:56

maybe in credit today

[daicaprice] 21/3/2022 08:34

Nice 243k buy to start the week, a few more like that and 3p+ won’t be far away with a bit of luck.

DC