Hi Wes, I promised I would read through some of your write-ups, and sorry for the delay. Just a short comment from me: how would you respond to the argument that these companies are value traps and sin stocks with no catalyst for intrinsic value realisation? The provision of gambling products like CFDs has drawn the ire of regulators for a long time (I think more than 80% of trades lose money), and new regulation could kill the these highly profitable models in a short space of time (little downside protection). I know this because I looked at Plus500 a while back. Best wishes for 2023!
Excellent analysis and thorough evaluation. Thank you. Can I ask how you came to a 4% revenue growth rate in initial years please? I can’t seem to find anything to support and simply walk st has revenue set to decline.
Hi Wes, I promised I would read through some of your write-ups, and sorry for the delay. Just a short comment from me: how would you respond to the argument that these companies are value traps and sin stocks with no catalyst for intrinsic value realisation? The provision of gambling products like CFDs has drawn the ire of regulators for a long time (I think more than 80% of trades lose money), and new regulation could kill the these highly profitable models in a short space of time (little downside protection). I know this because I looked at Plus500 a while back. Best wishes for 2023!
Excellent analysis and thorough evaluation. Thank you. Can I ask how you came to a 4% revenue growth rate in initial years please? I can’t seem to find anything to support and simply walk st has revenue set to decline.
Fantastic write up Wesley. Learned a lot from this one!