Wednesday 19 September 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
One more chance for Juicin to win a semi naked photo of Thirsty Paul Scott in Bulletin Board Moron of the week
Tom Winnifrith Bearcast - i3 Energy and its jv, Id be feeling sore if I backed the placing on the back of that claim, wouldn't you?
Just over a year ago I thought it might be worth taking a punt on Webis Holdings (WEB) as a special situation play. Well, sometimes, it is better to be lucky to be right as although my reasoning wasn’t exactly spot on, one could have cashed in this morning for about a 200% gain.
With Cheltenham Festival around the corner, I thought I’d throw caution to the wind this weekend, cast my cynical nature to one side, and come up with a couple of cheeky punts that I think may pay off. What could be more fitting for my first than the gambling business, Webis Holdings (WEB).
There is a saying that ‘revenue is vanity, profit is sanity’, and I have to wonder if there is a better example of this than tiny AIM listed betting company Webis (WEB)!
Featuring shares in Anglo Asian Mining (AAZ), Greatland Gold (GGP), Kenmare Resources (KMR), Noricum Gold (NMG), Tungsten Corporation (TUNG) and Webis (WEB) with share orice targets for all six stocks.
Webis (WEB) has seen a huge rise in its share price since the end of 2015 and if I was holding I’d be unloading as fast as I could at the current price!
Ever heard of Webis (WEB)? This interesting creature showed USD $276 million of turnover in 2014, a small profit of $500k, and had net current asset value of $3.8 million. How should such a company be valued? The current offer at 1p (beware the spread) values it at around $6 million. Strip away the net current assets and you seem to be buying a mammoth pile of revenues for an exceptionally small price at this level! However, all is not quite as it seems.
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