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Directors back Sporting business (USG)     

Clocktower - 17 Dec 2015 18:09

Ultimateplayer.me

This was formerly WST an investment company that has had a successful number of investments in companies like Fitbug - Aeorema, and recently changed the company name to focus on the sports field as it already has successful investments in this area.
Today they raised a further £200k @ 20p, investing £100k themselves, and although the stock was marked down by the MM, today has seen mainly buys. The new stock is due to trade on 11.01.16 and then the total number of shares of 10p each will be around 15,250.000 million which at 26p values the company at just under £4m.
The company has invested a considerable sum of money over a few years to build and soft launch the website, and by all accounts it is proving to be a success. There is potential for various forms of marketing that will be the offshoot that could transform the fortunes very rapidly.
The directors have a large stake having invested in the business over a number of years and maybe looking for a trade buyer in due course.
In view of the sums they have invested themselves, I doubt if the balance of the funds/stock will be sold as I assume they will not wish to see their own investments dwindle in value. It would not surprise me to see this fly in 2016. DYOR.

Clocktower - 12 Jun 2017 13:39 - 4 of 4

Results must be due very soon, and there has been a slow but steady stream of buying since last posted but the sp has stuck at 12.75/13p. The rise has happended since Powerplay partnered with the elms 5 a-side. Could that be the game changer? If so, it could be a multi- bagger imo.

http://powerplay.co.uk/players/content/the-powerplay-app
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