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William Hill (WMH)
rolling
- 04 Nov 2003 14:05
Where do you think they will go to or should i sell now
ajren - 04 Nov 2003 17:45 - 2 of 472
I do not know ANYTHING about them.
I merely passed by something about them a few weeks ago and thought it looked
Positive---but I did not read it in detail.
I merely passed by something about them a few weeks ago and thought it looked
Positive---but I did not read it in detail.
Stan
- 19 Oct 2004 14:42
- 3 of 472
Down to 493p today so far on no specific company news that I can see, casinos in the news today but why should that affect WMH more then any one else?
Answers on a post card!
Answers on a post card!
daves dazzlers
- 19 Oct 2004 14:54
- 4 of 472
Bought early in the year sold mid june done well.Almost a quid on each share made in profit,dropping down since i sold,,it mite have something to do with most of the sporting events been and gone,,and there`s a correction in the share price,just a thought.I would buy again but would be reluctant to pay above 5.00 a share. STAN WHERE DO I SEND IT TO.
bonfield - 19 Oct 2004 15:01 - 5 of 472
Director sold big time recently, may have been the founder actually (usual excuse, divorce settlement etc) so he obviously knew something. perhaps competition from Betfair is eating into margins?
Stan
- 19 Oct 2004 15:42
- 6 of 472
Thanks boys Interesting comments, price above a fiver now so will be Interesting to see where It finishes today.
daves dazzlers
- 19 Oct 2004 17:10
- 7 of 472
good luck stan.
daves dazzlers
- 27 Oct 2004 14:07
- 8 of 472
Dropping well since last week stan may be 4.50 soon!!
Stan
- 27 Oct 2004 16:53
- 9 of 472
Yep, Got me eye on It Dave.
Regards
Stan.
Regards
Stan.
daves dazzlers
- 17 Apr 2005 12:47
- 10 of 472
Looke like they my be placing a wager stan!
seawallwalker
- 17 Apr 2005 21:51
- 11 of 472
Stanley Leisure Stan.............
In for a penny...............
In for the pound.
In for a penny...............
In for the pound.
seawallwalker
- 18 Apr 2005 07:49
- 12 of 472
Wm Hill eyes Stanley
MoneyAM
William Hill has confirmed it is in talks to buy Stanley Leisure's retail bookmaking operations.
The ops in the UK and Ireland will require a sum 'in excess of 500m.'
Subsequently, William Hill has put on hold its plan to return 453m of capital to shareholders.
MoneyAM
William Hill has confirmed it is in talks to buy Stanley Leisure's retail bookmaking operations.
The ops in the UK and Ireland will require a sum 'in excess of 500m.'
Subsequently, William Hill has put on hold its plan to return 453m of capital to shareholders.
daves dazzlers
- 16 May 2005 08:07
- 13 of 472
Looking good again this william hill mybe sub 5.00 soon,,it will have to be a long for me again.
daves dazzlers
- 17 May 2005 19:46
- 14 of 472
Back in at 4.92.
daves dazzlers
- 19 May 2005 18:55
- 15 of 472
Going well early doors.
daves dazzlers
- 02 Jun 2005 18:02
- 16 of 472
A few more placing wagers today .
daves dazzlers
- 03 Jun 2005 18:30
- 17 of 472
Lots of interest again today but dropped a bit late on.
daves dazzlers
- 10 Jun 2005 14:57
- 18 of 472
Still going strong today .
daves dazzlers
- 16 Jun 2005 08:19
- 19 of 472
This is well in favour and going like the wind ,poor old william hills ,it was hit hard yesterday at york.
daves dazzlers
- 17 Jun 2005 13:49
- 20 of 472
Online punting well it takes the leg work out of it,get in there.
daves dazzlers
- 05 Jul 2005 08:18
- 21 of 472
FOBT,seems like there a winner.Never spent more that 10 mins in a shop myself,so whats the pull to these machines,but feel free to have a wager.
Looking good for a ride up to 6 in the next few months.
Looking good for a ride up to 6 in the next few months.
daves dazzlers
- 20 Jul 2005 14:16
- 22 of 472
Place your bets 6.00 soon .
daves dazzlers
- 21 Jul 2005 08:14
- 23 of 472
Nice one deutsche bank,thats a safe bet.
daves dazzlers
- 29 Jul 2005 07:59
- 24 of 472
Going well of late & almost there.
daves dazzlers
- 03 Aug 2005 22:19
- 25 of 472
Still strong at this betting shop.
seawallwalker
- 05 Sep 2005 07:44
- 26 of 472
Time to take the money off the table, I don't like this hand any more.
"William Hill to buy back up to 300 mln stg shares as H1 pretax drops 17 pct
AFX
LONDON (AFX) - William Hill PLC posted a 17 pct decline in first-half earnings as the owner of Britain's largest chain of betting shops, in common with other bookmakers, was hit by a run of unfavourable sporting results.
The company, which owns over 2,100 betting shops after recently buying 624 outlets from Stanley Leisure PLC, simultaneously laid out plans to buy back between 200 to 300 mln stg of its own shares over the next 18 months.
Profit before tax fell to 99.7 mln stg in the six months to June 30 from 119.7 mln on turnover up 30 pct to 5.1 bln."
"William Hill to buy back up to 300 mln stg shares as H1 pretax drops 17 pct
AFX
LONDON (AFX) - William Hill PLC posted a 17 pct decline in first-half earnings as the owner of Britain's largest chain of betting shops, in common with other bookmakers, was hit by a run of unfavourable sporting results.
The company, which owns over 2,100 betting shops after recently buying 624 outlets from Stanley Leisure PLC, simultaneously laid out plans to buy back between 200 to 300 mln stg of its own shares over the next 18 months.
Profit before tax fell to 99.7 mln stg in the six months to June 30 from 119.7 mln on turnover up 30 pct to 5.1 bln."
daves dazzlers
- 05 Sep 2005 07:50
- 27 of 472
You beat me to it SW,,,,,,,,,,unfavourable sporting results!!!!!
daves dazzlers
- 05 Sep 2005 07:51
- 28 of 472
Still a hold for me.
seawallwalker
- 05 Sep 2005 07:54
- 29 of 472
Dave I thin k this will drop down again as it did after the finals.
It will become another buying opportunity then.
Just my thoughts and often wrong.,
It will become another buying opportunity then.
Just my thoughts and often wrong.,
Stan
- 05 Sep 2005 13:43
- 30 of 472
Looks like a buying opo to me...In at 5.79p.
daves dazzlers
- 05 Sep 2005 13:57
- 31 of 472
Nice one stan,in at 4.92 early june looking to sell for about 6.00,,cant be long now.
Stan
- 05 Sep 2005 14:03
- 32 of 472
Hiya Dave,
As usual only looking for a short term gain
then I'm out, which I hope this drop will give me.
As usual only looking for a short term gain
then I'm out, which I hope this drop will give me.
daves dazzlers
- 05 Sep 2005 14:15
- 33 of 472
WHM,looks a good one to play with stan,i mite look at this as a day trading stock in the near future.
Stan
- 07 Sep 2005 13:20
- 34 of 472
Up 19p so far, didn't know share buy backs were so popular....but not complaining.
daves dazzlers
- 14 Sep 2005 12:05
- 35 of 472
Yet again another good profit from this bookie 6.00 and out happy days.
Stan
- 15 Sep 2005 09:15
- 36 of 472
Well done Dave.....always nice to take money off bookies.
daves dazzlers
- 18 Nov 2005 10:08
- 37 of 472
Tempted Again,just a bit to go yet.
lukeman
- 12 Apr 2006 13:56
- 38 of 472
Too much negative sentiment in there at the moment for a stock that sticks to the knitting, has cash, buys back shares and pays a good dividend. The staff seem happy enough and the Grand National brought more punters in than in previous years. Once World Cup fever takes over and if England do OK (but not win) then this will be a much talked about stock. I see WMH going to 7 with a fair bit of it happening in the next 4 months.
lanayel
- 12 Apr 2006 14:52
- 39 of 472
Ladbrokes is the better bet (so to speak).
I think it goes xd tomorrow when qualifying shareholders will get a total dividend of 240p per share (233p from the sale of Hilton Hotels).
Then there will be just be a betting company left with one of the most respected brand names in the industry.
Takeover rumours are sure to resurface again at this point.
Ian
I think it goes xd tomorrow when qualifying shareholders will get a total dividend of 240p per share (233p from the sale of Hilton Hotels).
Then there will be just be a betting company left with one of the most respected brand names in the industry.
Takeover rumours are sure to resurface again at this point.
Ian
lukeman
- 05 May 2006 20:01
- 40 of 472
Fantastic call on ladbrokes lanayel! Both up 10% in 3 weeks though lad ahead. Thats the camping holiday covered in a months time - if only the wife appreciated how clever we are! Then again, protherics letting me down badly.
HARRYCAT
- 07 Nov 2007 17:38
- 41 of 472
Gone ex-divi & now dropped to it's 12 month low. This has been a good support level over the last 2 years & now a possible bounce on the cards. If not, tentative support at 550p, otherwise 500p looks to be the next step.
drrnrp - 19 Feb 2008 10:01 - 42 of 472
this is another steal at these levels
mitzy - 19 Feb 2008 13:08 - 43 of 472
440p next resistance..
HARRYCAT
- 19 Feb 2008 14:54
- 44 of 472
"Credit Suisse has this morning upgraded its stance on William Hill and Ladbrokes but cut targets.
In a review of the European gaming sector published today, its analysis showed the industry to be particularly resilient through challenging economic periods.
In a note to clients, Credit Suisse said it has upped its recommendation on William Hill to 'outperform' from 'underperform', while it has reduced its target price to 500p from 580p, saying that the current valuation looks particularly cheap."
In a review of the European gaming sector published today, its analysis showed the industry to be particularly resilient through challenging economic periods.
In a note to clients, Credit Suisse said it has upped its recommendation on William Hill to 'outperform' from 'underperform', while it has reduced its target price to 500p from 580p, saying that the current valuation looks particularly cheap."
mitzy - 19 Feb 2008 15:48 - 45 of 472
Thanks for that Harry.
drrnrp - 21 Feb 2008 08:54 - 46 of 472
get in before boat sails,dyor
BAYLIS
- 21 Feb 2008 19:17
- 47 of 472
bottom fishing for me.
mitzy - 25 Feb 2008 14:05 - 48 of 472
400p is proving difficult to break.
mitzy - 27 Feb 2008 11:07 - 49 of 472
Profits as expected.
halifax - 27 Feb 2008 11:24 - 50 of 472
Paddy Power's results due next Monday seem to have more growth potential.
XSTEFFX
- 27 Feb 2008 11:55
- 51 of 472
William Hill PLC's new chief executive Ralph Topping has categorically ruled out the possibility of Britain's second-biggest bookmaker pursuing a merger with Irish rival Paddy Power PLC.
BAYLIS
- 13 Mar 2008 13:20
- 52 of 472
A compulsive gambler has lost his bid at the High Court to force bookmaker William Hill PLC to repay his 2 mln stg losses, according to the BBC.
Greyhound trainer Graham Calvert had claimed the company failed in its 'duty of care'. He claimed William Hill had let him place bets even after he asked it to close his account under a self-exclusion scheme.
However, a judge ruled on Wednesday that the bookmaker was not liable for the losses or any personal injury damages.
Greyhound trainer Graham Calvert had claimed the company failed in its 'duty of care'. He claimed William Hill had let him place bets even after he asked it to close his account under a self-exclusion scheme.
However, a judge ruled on Wednesday that the bookmaker was not liable for the losses or any personal injury damages.
HARRYCAT
- 13 Mar 2008 13:50
- 53 of 472
Reason prevailed then! I think there would have been a flood of similar claims had the ruling gone the other way. I wonder who paid his legal costs if he is so hard up???
mitzy - 13 Mar 2008 20:01 - 54 of 472
Probably the DHSS...lol.
Dil
- 14 Mar 2008 00:49
- 55 of 472
Looking at the chart then a breakout above 420p and a subsequent pull back and bounce would be the safest / lowest risk entry point imo.
Good luck.
Good luck.
mitzy - 17 Mar 2008 12:27 - 56 of 472
I will buy circa 300p by which time the divi will be 10% plus.
mitzy - 18 Mar 2008 13:56 - 57 of 472
mitzy - 01 Apr 2008 08:44 - 58 of 472
Forget 300p this is going to 400p again.
halifax - 01 Apr 2008 13:23 - 59 of 472
Why?
mitzy - 01 Apr 2008 13:26 - 60 of 472
Because I sold last Friday..lol.
mitzy - 06 Jul 2008 10:52 - 61 of 472
still in a decline.
mitzy - 08 Jul 2008 10:45 - 62 of 472
Bookies taking a hammering lately.
BAYLIS
- 08 Jul 2008 10:53
- 63 of 472
mitzy - 08 Jul 2008 11:11 - 64 of 472
Thanks for that Bay.
Stan
- 08 Jul 2008 11:47
- 65 of 472
Haven't looked at this one for a wile...gulp!
mitzy - 13 Jul 2008 12:39 - 66 of 472
This one is going one way.. down.
scotinvestor - 13 Jul 2008 18:03 - 67 of 472
so is everything........including the labour government.....soon be time to say bye bye labour gov and good riddence
mitzy - 14 Jul 2008 09:00 - 68 of 472
good ridence to bad rubbish(every 2 week collection)..lol .
XSTEFFX
- 15 Jul 2008 10:11
- 69 of 472
when will it stop.
HARRYCAT
- 15 Jul 2008 11:15
- 70 of 472
Probably around 200p, imo. Chart shows reasonable support around that level, but that was back in 2002/3, so may be too far back to be relevant. If it goes below that, then it's anyone's guess.
mitzy - 31 Jul 2008 09:23 - 71 of 472
Profits down 10% .
BAYLIS
- 01 Aug 2008 11:49
- 72 of 472
mail tips wmh.
HARRYCAT
- 01 Aug 2008 11:54
- 73 of 472
Just walked in to the city & seen a new high street bookies called Betterbet.
Yet more competition in a tricky market.
Yet more competition in a tricky market.
Guscavalier
- 04 Aug 2008 10:18
- 74 of 472
Yes HARRYCAT I have seen one of these too. Large premises as well, which were previously a Woolwich Building Society. With Barclays closing many old Woolwich branches, perhaps they see an opportunity particularly with falling demand for other shops in the high street. They have no other competition in the vacinity.
mitzy - 27 Aug 2008 08:49 - 75 of 472
Interesting.
mitzy - 11 Sep 2008 12:59 - 76 of 472
Back to 200p soon.
mitzy - 23 Sep 2008 13:11 - 77 of 472
mitzy - 24 Sep 2008 15:39 - 78 of 472
Has fallen 30% since the DM tip are they about to fall to 200p..?
XSTEFFX
- 24 Sep 2008 21:43
- 79 of 472
MUST STOP SOON
HARRYCAT
- 24 Sep 2008 22:08
- 80 of 472
All the high street bookies suffering. Internet gaming/betting seem to be riding the bad times reasonably well (888 etc) but that seems to be because of the surge in poker interest. Prepare yourselves for still more downside, imo, as high street revenues will be down on last year & wouldn't be surprised if some bookies close a few of the less profitable shops. Divi time will tell.
mitzy - 24 Sep 2008 22:09 - 81 of 472
I'm thinking of buying at 200p for a 30% return at 260p easy money.
Snap Harry..
Snap Harry..
HARRYCAT
- 24 Sep 2008 22:12
- 82 of 472
'Cos historically a 200p bounce has only peaked at 235p.
mitzy - 02 Oct 2008 08:26 - 83 of 472
Good for a 10% trade this one.
mitzy - 10 Oct 2008 08:35 - 84 of 472
Sub 200p for the first time.. I'm tempted.
mitzy - 13 Oct 2008 08:40 - 85 of 472
Nice bounce this am.
mitzy - 14 Oct 2008 11:34 - 86 of 472
mitzy - 20 Oct 2008 08:31 - 87 of 472
15 week results are excellent and sp up 15%.
mitzy - 04 Dec 2008 20:11 - 88 of 472
Been in this one for a while now.
mitzy - 08 Dec 2008 08:45 - 89 of 472
Almost in profit for the first time bookies money making in a recession.
mitzy - 09 Dec 2008 09:58 - 90 of 472
In profit now for 240p if it can make it.
XSTEFFX
- 09 Dec 2008 21:44
- 91 of 472
red line LAD
mitzy - 10 Dec 2008 11:37 - 92 of 472
Nice comparison.
mitzy - 02 Jan 2009 16:10 - 93 of 472
Nice spike this pm.
XSTEFFX
- 05 Jan 2009 11:15
- 94 of 472
GOOD PLACE TO BE, IN BOTH.
mitzy - 05 Jan 2009 12:01 - 95 of 472
Agree and good dividend 10%.
mitzy - 19 Jan 2009 10:13 - 96 of 472
Banks down and bookies up I like it.
mitzy - 26 Jan 2009 21:58 - 97 of 472
Next leg up to 250p Tuesday.
mitzy - 04 Feb 2009 17:07 - 98 of 472
Almost there I suspect more large volume tomorrow as investors seek income shares.
mitzy - 05 Feb 2009 12:02 - 99 of 472
up 10% on large buying.
mitzy - 12 Feb 2009 09:06 - 100 of 472
Warning RI approaching I'm out for now.
mitzy - 15 Feb 2009 09:35 - 101 of 472
More talk of imminent RI in todays Sunday Telegraph.
goldfinger
- 18 Sep 2009 15:57
- 102 of 472
Brokers Majority Bullish On The Stock..
and why not with a miserly forward P/E of just over 9.4 for 2009 and 9.5 for 2010 way too cheap imho.......
William Hill PLC
FORECASTS
2009 2010
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
SG Securities
17-09-09 HOLD 19.10 10.00 18.11 8.00
Oriel Securities
17-09-09 BUY 200.00 20.00 7.50 226.00 20.70 8.00
Davy Stockbrokers
16-09-09 None 19.70 6.20 17.60 6.70
Investec Securities
15-09-09 BUY 196.97 19.15 7.66 194.03 16.71 8.20
KBC Peel Hunt Ltd
14-09-09 BUY 203.32 20.42 7.50 213.01 19.41 7.50
Daniel Stewart
14-09-09 BUY 196.50 20.47 7.50 223.40 21.58 8.50
Astaire Securities [R]
11-09-09 SELL 158.90 25.43 16.55
Evolution Securities Ltd
07-09-09 BUY 194.00 19.40 8.10 230.00 21.70 10.00
Shore Capital
04-09-09 BUY 198.00 17.90 8.50 197.20 17.80 8.00
Collins Stewart
02-09-09 BUY 188.10 20.40 239.90 24.80
Singer Capital Markets Ltd
31-08-09 FAIR 217.00 22.30 8.90 234.90 21.20 8.90
Noble & Company
06-08-09 None 190.70 19.10 7.70 200.70 17.60 7.10
Numis Securities Ltd
05-08-09 ADD 193.80 20.30 7.50 217.20 20.70 7.88
2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 196.85 19.81 7.75 222.01 19.63 8.11
1 Month Change 0.07 0.02 -0.05 -2.06 -0.82 0.06
3 Month Change -17.02 -2.03 -1.01 -9.85 -1.49 -1.10
GROWTH
2008 (A) 2009 (E) 2010 (E)
Norm. EPS -3.31% -37.80% -0.91%
DPS 6.21% -53.07% 4.64%
INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)
EBITDA 313.40m 293.88m 303.39m
EBIT 277.50m 251.61m 259.23m
Dividend Yield 8.82% 4.14% 4.34%
Dividend Cover 1.93x 2.56x 2.42x
PER 5.88x 9.44x 9.53x
PEG -1.77f -0.25f -10.49f
Net Asset Value PS -233.43p 122.00p 121.00p
and why not with a miserly forward P/E of just over 9.4 for 2009 and 9.5 for 2010 way too cheap imho.......
William Hill PLC
FORECASTS
2009 2010
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
SG Securities
17-09-09 HOLD 19.10 10.00 18.11 8.00
Oriel Securities
17-09-09 BUY 200.00 20.00 7.50 226.00 20.70 8.00
Davy Stockbrokers
16-09-09 None 19.70 6.20 17.60 6.70
Investec Securities
15-09-09 BUY 196.97 19.15 7.66 194.03 16.71 8.20
KBC Peel Hunt Ltd
14-09-09 BUY 203.32 20.42 7.50 213.01 19.41 7.50
Daniel Stewart
14-09-09 BUY 196.50 20.47 7.50 223.40 21.58 8.50
Astaire Securities [R]
11-09-09 SELL 158.90 25.43 16.55
Evolution Securities Ltd
07-09-09 BUY 194.00 19.40 8.10 230.00 21.70 10.00
Shore Capital
04-09-09 BUY 198.00 17.90 8.50 197.20 17.80 8.00
Collins Stewart
02-09-09 BUY 188.10 20.40 239.90 24.80
Singer Capital Markets Ltd
31-08-09 FAIR 217.00 22.30 8.90 234.90 21.20 8.90
Noble & Company
06-08-09 None 190.70 19.10 7.70 200.70 17.60 7.10
Numis Securities Ltd
05-08-09 ADD 193.80 20.30 7.50 217.20 20.70 7.88
2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 196.85 19.81 7.75 222.01 19.63 8.11
1 Month Change 0.07 0.02 -0.05 -2.06 -0.82 0.06
3 Month Change -17.02 -2.03 -1.01 -9.85 -1.49 -1.10
GROWTH
2008 (A) 2009 (E) 2010 (E)
Norm. EPS -3.31% -37.80% -0.91%
DPS 6.21% -53.07% 4.64%
INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)
EBITDA 313.40m 293.88m 303.39m
EBIT 277.50m 251.61m 259.23m
Dividend Yield 8.82% 4.14% 4.34%
Dividend Cover 1.93x 2.56x 2.42x
PER 5.88x 9.44x 9.53x
PEG -1.77f -0.25f -10.49f
Net Asset Value PS -233.43p 122.00p 121.00p
goldfinger
- 19 Sep 2009 10:28
- 103 of 472
I like the look of William Hills chart at the moment breaking out from a bullish ascending triangle.
Bookmakers usually a good defensive stock to hold in a market correction and volatile actions.
Short term candle chart...
Shows bulls in control since around mid august. Lower tail on friday shows that the bulls fought back from what would appear to be an intra day tree shake to end the day positive.
Bookmakers usually a good defensive stock to hold in a market correction and volatile actions.
Short term candle chart...
Shows bulls in control since around mid august. Lower tail on friday shows that the bulls fought back from what would appear to be an intra day tree shake to end the day positive.
goldfinger
- 20 Sep 2009 15:44
- 104 of 472
Seems to have a lot of support behind it from the City....
from Digital Look
What The Brokers Say
Strong Buy 11
Buy 1
Neutral 7
Sell 0
Strong Sell 0
Total 19
William Hill Forecasts
Year Ending Revenue (m) Pre-tax (m) EPS P/E
31-Dec-09 1,026.84 192.47 20.44p 9.3
31-Dec-10 1,068.18 209.04 20.34p 9.3
Miserly rating imho.
from Digital Look
What The Brokers Say
Strong Buy 11
Buy 1
Neutral 7
Sell 0
Strong Sell 0
Total 19
William Hill Forecasts
Year Ending Revenue (m) Pre-tax (m) EPS P/E
31-Dec-09 1,026.84 192.47 20.44p 9.3
31-Dec-10 1,068.18 209.04 20.34p 9.3
Miserly rating imho.
XSTEFFX
- 19 Oct 2009 13:49
- 105 of 472
over 175p
cynic
- 19 Oct 2009 13:55
- 106 of 472
it's been pretty much this level since the open ..... quite probably a good one to tuck away for a few months, but i am up to my self-imposed investment limit so shall need to make room in due course
it'll be interesting to see if the apparent chart resistance has an impact in the immediate term
it'll be interesting to see if the apparent chart resistance has an impact in the immediate term
grevis2 - 25 Feb 2011 07:45 - 107 of 472
07:12 25/02/2011
William Hill pre-tax profit rises 60% to 193.3m and raises final dividend 16%
William Hill pre-tax profit rises 60% to 193.3m and raises final dividend 16%
HARRYCAT
- 11 Sep 2011 16:39
- 108 of 472
Big article in the Sunday Times which promotes WMH as a major player in the on-line market of sports betting, from a very slow start, with some very talented algorithm writers based in Gibraltar. Rugby World Cup betting (& in-play betting) are forecast to be a good money spinner for WMH. Next divi date 26th Oct '11 (2.9p)
HARRYCAT
- 17 Oct 2011 14:59
- 109 of 472
Nice graph & divi date approaching. Shame I didn't follow Sunday Times advice!!!
HARRYCAT
- 20 Oct 2011 11:43
- 110 of 472
18th Oct '11
StockMarketWire.com
William Hill has initiated disciplinary action against a number of senior managers working in Tel Aviv.
Eyal Sanoff, Chief Marketing Officer of William Hill Online's marketing team in Tel Aviv, has resigned..
The company says that there has been disruption this week within the marketing business in Tel Aviv, and in the customer service and back office operations in Manila and Bulgaria.
Senior William Hill Online management have gone to Tel Aviv as a result of the problems, although it should be noted that the office in Tel Aviv will be closed from tomorrow through to early next week, as normal, through the Jewish holiday period.
It says that the vast majority of employees of the marketing team in Tel Aviv have good working relationships with the business and with colleagues across William Hill Online.
William Hill Online has denied media reports that it is thinking of relocating this operation away from Tel Aviv.
It says that this situation is not directly affecting the availability of any consumer facing websites at present within the Group.
StockMarketWire.com
William Hill has initiated disciplinary action against a number of senior managers working in Tel Aviv.
Eyal Sanoff, Chief Marketing Officer of William Hill Online's marketing team in Tel Aviv, has resigned..
The company says that there has been disruption this week within the marketing business in Tel Aviv, and in the customer service and back office operations in Manila and Bulgaria.
Senior William Hill Online management have gone to Tel Aviv as a result of the problems, although it should be noted that the office in Tel Aviv will be closed from tomorrow through to early next week, as normal, through the Jewish holiday period.
It says that the vast majority of employees of the marketing team in Tel Aviv have good working relationships with the business and with colleagues across William Hill Online.
William Hill Online has denied media reports that it is thinking of relocating this operation away from Tel Aviv.
It says that this situation is not directly affecting the availability of any consumer facing websites at present within the Group.
skinny
- 20 Oct 2011 12:34
- 111 of 472
Harry - off topic - I've just bought some Almonds :-)
HARRYCAT
- 20 Oct 2011 12:43
- 112 of 472
Not too many skinny! Vitamin E overdose not good for you.
I tried Vit E for scar reduction after an operation, but can't really say if it worked or not.
I tried Vit E for scar reduction after an operation, but can't really say if it worked or not.
skinny
- 20 Oct 2011 15:54
- 113 of 472
Harry - interesting/depressing reading here. We are all doomed, but maybe won't go gaga as quickly. Its a bit of a tome but one paragraph seems to indicate that all natural sources are ok.
Health Risks from Excessive Vitamin E
Research has not found any adverse effects from consuming vitamin E in food [6]. However, high doses of alpha-tocopherol supplements can cause hemorrhage and interrupt blood coagulation in animals, and in vitro data suggest that high doses inhibit platelet aggregation. Two clinical trials have found an increased risk of hemorrhagic stroke in participants taking alpha-tocopherol; one trial included Finnish male smokers who consumed 50 mg/day for an average of 6 years [49] and the other trial involved a large group of male physicians in the United States who consumed 400 IU every other day for 8 years [24]. Because the majority of physicians in the latter study were also taking aspirin, this finding could indicate that vitamin E has a tendency to cause bleeding.
Health Risks from Excessive Vitamin E
Research has not found any adverse effects from consuming vitamin E in food [6]. However, high doses of alpha-tocopherol supplements can cause hemorrhage and interrupt blood coagulation in animals, and in vitro data suggest that high doses inhibit platelet aggregation. Two clinical trials have found an increased risk of hemorrhagic stroke in participants taking alpha-tocopherol; one trial included Finnish male smokers who consumed 50 mg/day for an average of 6 years [49] and the other trial involved a large group of male physicians in the United States who consumed 400 IU every other day for 8 years [24]. Because the majority of physicians in the latter study were also taking aspirin, this finding could indicate that vitamin E has a tendency to cause bleeding.
skinny
- 19 Jan 2012 07:13
- 114 of 472
HARRYCAT
- 14 Feb 2012 11:38
- 115 of 472
William Hill PLC (LSE: WMH) will announce its final results for the 52 weeks ended 27th December 2011 on Friday, 24th February 2012.
HARRYCAT
- 23 Apr 2012 13:46
- 116 of 472
Ex-divi 2nd May, 6.7p
HARRYCAT
- 09 May 2012 08:40
- 117 of 472
StockMarketWire.com
William Hill shareholders have approved a new pay deal for chief executive Ralph Topping - but by the narrowest of margins.
The company's remuneration report scraped through at the annual general meeting with 50.11% of shareholders voting in favour.
All other resolutions were passed.
Remuneration committee chairman Gareth Davis said: "Ralph Topping has been instrumental in revitalising the fortunes of William Hill since taking the chief executive job in difficult circumstances four years ago.
"Since then, he has built on the William Hill heritage to create the leading online gambling business in the UK and to drive strong cash flow from the retail estate.
"In the last year, William Hill has performed strongly against its financial and non-financial targets.
"In 2011, the share price rose by 18% and we increased our dividend by 16%, delivering a total shareholder return ahead of our peer group.
"The group has recently announced 12% revenue growth and 19% operating profit growth in the first quarter of 2012 and the share price has increased by a further 33%.
"The board believes this exceptional delivery should be reflected in Ralph Topping's remuneration and has effected the catch-up in his salary over the last couple of years.
"As the board manages the succession highlighted to shareholders last year, we also believe it is in shareholders' interests to ensure that Ralph remains with William Hill at a critical time in the group's evolution and last year put in place a one-off retention package that secures Ralph at least through the end of 2013.
"This has given the Group the stability and time needed to put in place effective succession planning at a senior level.
"Whilst we recognise that some shareholders are not supportive of this one-off agreement, we believe that there is widespread appreciation of the very significant contribution of Ralph Topping to the success of William Hill.
"This is evident from the high level of votes in favour of re-electing all the directors, including Ralph who received 99.8% support.
"We consulted with the majority of our major shareholders and most recognised the importance of what was being put in place for William Hill's future.
"Whilst many of our largest shareholders supported the remuneration report resolution, one of the most influential vote advisory bodies recommended a vote against.
"It appears that a large number of shareholders across our share register voted in line with this recommendation.
"We understand shareholder concerns but in this exceptional case believe it was the right thing for the group, the shareholders and the longer term future of the business that we retain Ralph Topping's services at this important time."
William Hill shareholders have approved a new pay deal for chief executive Ralph Topping - but by the narrowest of margins.
The company's remuneration report scraped through at the annual general meeting with 50.11% of shareholders voting in favour.
All other resolutions were passed.
Remuneration committee chairman Gareth Davis said: "Ralph Topping has been instrumental in revitalising the fortunes of William Hill since taking the chief executive job in difficult circumstances four years ago.
"Since then, he has built on the William Hill heritage to create the leading online gambling business in the UK and to drive strong cash flow from the retail estate.
"In the last year, William Hill has performed strongly against its financial and non-financial targets.
"In 2011, the share price rose by 18% and we increased our dividend by 16%, delivering a total shareholder return ahead of our peer group.
"The group has recently announced 12% revenue growth and 19% operating profit growth in the first quarter of 2012 and the share price has increased by a further 33%.
"The board believes this exceptional delivery should be reflected in Ralph Topping's remuneration and has effected the catch-up in his salary over the last couple of years.
"As the board manages the succession highlighted to shareholders last year, we also believe it is in shareholders' interests to ensure that Ralph remains with William Hill at a critical time in the group's evolution and last year put in place a one-off retention package that secures Ralph at least through the end of 2013.
"This has given the Group the stability and time needed to put in place effective succession planning at a senior level.
"Whilst we recognise that some shareholders are not supportive of this one-off agreement, we believe that there is widespread appreciation of the very significant contribution of Ralph Topping to the success of William Hill.
"This is evident from the high level of votes in favour of re-electing all the directors, including Ralph who received 99.8% support.
"We consulted with the majority of our major shareholders and most recognised the importance of what was being put in place for William Hill's future.
"Whilst many of our largest shareholders supported the remuneration report resolution, one of the most influential vote advisory bodies recommended a vote against.
"It appears that a large number of shareholders across our share register voted in line with this recommendation.
"We understand shareholder concerns but in this exceptional case believe it was the right thing for the group, the shareholders and the longer term future of the business that we retain Ralph Topping's services at this important time."
HARRYCAT
- 22 Jun 2012 08:32
- 118 of 472
StockMarketWire.com
UK bookmaker William Hill said today that the Group and certain of its senior managers were unanimously granted non-restricted gaming licences by the Nevada Gaming Commission at a meeting held in Las Vegas on 21st June 2012.
A non-restricted licence is the highest tier of licence in Nevada.
Accordingly, completion of the previously announced impending acquisitions of American Wagering, Brandywine Bookmaking and the racing and sportsbook assets of Sierra Developments, trading as Cal Neva, is now expected to occur on 27th June 2012 for consideration of approximately $49m (£31m) in total. This amount includes $4m (£2.5m) for the settlement of debt and preference shares. In addition to this consideration, the Group advanced $6.4m (£4.1m) in arm's-length convertible loans to AWI and Brandywine prior to acquisition. Integration will take place during the summer.
The acquisitions will be funded in cash and are expected to be marginally earnings enhancing (before exceptional transaction and integration costs and the amortisation of intangible assets associated with these acquisitions) in 2013. The Group expects to incur $8m (£5.1m) of exceptional transaction and integration costs over 2011 and 2012 in respect of these acquisitions.
UK bookmaker William Hill said today that the Group and certain of its senior managers were unanimously granted non-restricted gaming licences by the Nevada Gaming Commission at a meeting held in Las Vegas on 21st June 2012.
A non-restricted licence is the highest tier of licence in Nevada.
Accordingly, completion of the previously announced impending acquisitions of American Wagering, Brandywine Bookmaking and the racing and sportsbook assets of Sierra Developments, trading as Cal Neva, is now expected to occur on 27th June 2012 for consideration of approximately $49m (£31m) in total. This amount includes $4m (£2.5m) for the settlement of debt and preference shares. In addition to this consideration, the Group advanced $6.4m (£4.1m) in arm's-length convertible loans to AWI and Brandywine prior to acquisition. Integration will take place during the summer.
The acquisitions will be funded in cash and are expected to be marginally earnings enhancing (before exceptional transaction and integration costs and the amortisation of intangible assets associated with these acquisitions) in 2013. The Group expects to incur $8m (£5.1m) of exceptional transaction and integration costs over 2011 and 2012 in respect of these acquisitions.
dreamcatcher
- 26 Jun 2012 18:51
- 119 of 472
William Hill was given a boost by JP Morgan Cazenove upgrading the stock to "overweight" because of the growth opportunities for its online division.
"William Hill is extending its lead in UK online gambling and is now poised to accelerate its expansion into selected continental European markets, with growth from its highly-profitable UK online and land-based (retail) operations supporting the investment required," said Matthew Webb, an analyst at JP Morgan Cazenove.
The shares perked up 5.7 to 284.2p. Mr Webb also upgraded Ladbrokes , down 1.1 to 172¾p, to "neutral".
"William Hill is extending its lead in UK online gambling and is now poised to accelerate its expansion into selected continental European markets, with growth from its highly-profitable UK online and land-based (retail) operations supporting the investment required," said Matthew Webb, an analyst at JP Morgan Cazenove.
The shares perked up 5.7 to 284.2p. Mr Webb also upgraded Ladbrokes , down 1.1 to 172¾p, to "neutral".
HARRYCAT
- 28 Jul 2012 09:35
- 120 of 472
Deutsche Bank note:
"H1/12 EBITA increased 14% to £168m and was 5% ahead of consensus at £159 and 1% ahead of our £166m forecast. Normalised basic EPS increased 17% to 15p (DBE 14.9p & con’s 14.6p) with the 3% difference to EBITA growth driven by declining interest costs that fell 4%. The dividend was increased 17% versus our 10% forecast and in our view underpins the group increasingly strengthening balance sheet.
The key growth driver of H1/12 results was the group’s online division which increased EBITA by 23% to £69m versus consensus expectations of £63m and our top of the range £69m and this was despite spending 28% of net revenue on marketing or £55m. This growth is being driven by both sports, which increased revenue by 52% to £80m on the back of 33% increase in amounts wagered and 100 bp increases in the margin to 7.8% and casino, which increased revenue by 18% to £118m.
Retail also performed very robustly in H1/12 with 5% net revenue growth split 5%/5% for OTC and gaming machines. OTC amounts wagered fell 1%, however this was due to 9% fewer horse race fixtures following weatherrelated cancellations, normalizing this we estimate would give 0.5% growth. The OTC gross win margin was towards the top of the range at 17.8% (2011: 16.8%). Gaming machine net revenue continues to grow robustly and despite disruption from the roll out of new machines, GWPTPW increased 2% to £924.H1/12 Retail costs increased 4% and EBIT increased 6% to £110m. Forecast in our view offer upside
We think consensus forecasts (FY12 EBITA of £304m vs. DBE of £299m) will move up little over the coming weeks, but William Hill management tend to be conservative and given there are still just over 5 months of 2012 to go they will not let people get too carried away. But clearly forecast risk is to the upside in our view.
We think H1/12 results are supportive of the recent re-rating and as the group continues to expand and grow its online earnings as a proportion of overall earnings and as the market appreciates that Retail has growth potential, then we continue to see material share price upside for William Hill. BUY."
"H1/12 EBITA increased 14% to £168m and was 5% ahead of consensus at £159 and 1% ahead of our £166m forecast. Normalised basic EPS increased 17% to 15p (DBE 14.9p & con’s 14.6p) with the 3% difference to EBITA growth driven by declining interest costs that fell 4%. The dividend was increased 17% versus our 10% forecast and in our view underpins the group increasingly strengthening balance sheet.
The key growth driver of H1/12 results was the group’s online division which increased EBITA by 23% to £69m versus consensus expectations of £63m and our top of the range £69m and this was despite spending 28% of net revenue on marketing or £55m. This growth is being driven by both sports, which increased revenue by 52% to £80m on the back of 33% increase in amounts wagered and 100 bp increases in the margin to 7.8% and casino, which increased revenue by 18% to £118m.
Retail also performed very robustly in H1/12 with 5% net revenue growth split 5%/5% for OTC and gaming machines. OTC amounts wagered fell 1%, however this was due to 9% fewer horse race fixtures following weatherrelated cancellations, normalizing this we estimate would give 0.5% growth. The OTC gross win margin was towards the top of the range at 17.8% (2011: 16.8%). Gaming machine net revenue continues to grow robustly and despite disruption from the roll out of new machines, GWPTPW increased 2% to £924.H1/12 Retail costs increased 4% and EBIT increased 6% to £110m. Forecast in our view offer upside
We think consensus forecasts (FY12 EBITA of £304m vs. DBE of £299m) will move up little over the coming weeks, but William Hill management tend to be conservative and given there are still just over 5 months of 2012 to go they will not let people get too carried away. But clearly forecast risk is to the upside in our view.
We think H1/12 results are supportive of the recent re-rating and as the group continues to expand and grow its online earnings as a proportion of overall earnings and as the market appreciates that Retail has growth potential, then we continue to see material share price upside for William Hill. BUY."
skinny
- 19 Oct 2012 07:03
- 121 of 472
Interim Management Statement
Key financial highlights
· Group Operating profit1 was up 26% in the period, 17% higher in the year to date
· Online Operating profit1 was up 42% and Retail Operating profit1 was 8% higher in the period
· Group net revenue grew by 9% and was up 10% in the year to date
· Retail net revenue grew by 3% and was up 4% in the year to date
· Online net revenue grew by 18% and was 26% up in the year to date
Key operational highlights for the quarter
· Mobile was 27% of Sportsbook turnover and averaged £10.7m of weekly Sportsbook turnover in Q3
· Strong Retail over-the-counter (OTC) gross win margin, up by 1.9 percentage points
· William Hill US integration activities completed on schedule in September
Key financial highlights
· Group Operating profit1 was up 26% in the period, 17% higher in the year to date
· Online Operating profit1 was up 42% and Retail Operating profit1 was 8% higher in the period
· Group net revenue grew by 9% and was up 10% in the year to date
· Retail net revenue grew by 3% and was up 4% in the year to date
· Online net revenue grew by 18% and was 26% up in the year to date
Key operational highlights for the quarter
· Mobile was 27% of Sportsbook turnover and averaged £10.7m of weekly Sportsbook turnover in Q3
· Strong Retail over-the-counter (OTC) gross win margin, up by 1.9 percentage points
· William Hill US integration activities completed on schedule in September
dreamcatcher
- 19 Oct 2012 15:26
- 122 of 472
The shares of bookmaker William Hill have gained more than 50% over the past year, and a 12p (3%) rise to 355p today helped push the price even further. The occasion was a third-quarter update that told of a 26% rise in operating profit, with a 43% rise in online profits.
Even after the price rise, forecasts still put the shares on an undemanding forward price to earnings (P/E) ratio of 12, with a dividend of around 3.3% expected for the full year.
Even after the price rise, forecasts still put the shares on an undemanding forward price to earnings (P/E) ratio of 12, with a dividend of around 3.3% expected for the full year.
skinny
- 29 Jan 2013 07:23
- 123 of 472
Trading Statement
Full year key financial highlights
· Group net revenue grew by 12% (52 week basis +10%) and Operating profit1 was up 20% (52 week basis +18%)
· Online net revenue grew by 27% (52 week basis +24%)
· Retail net revenue grew by 6% (52 week basis +4%)
Q4 strategic highlights
· Recommended offer made for Sportingbet's Australian and Spanish licensed online businesses
· Initiated valuation process under call option to acquire Playtech's 29% stake in William Hill Online
Full year key financial highlights
· Group net revenue grew by 12% (52 week basis +10%) and Operating profit1 was up 20% (52 week basis +18%)
· Online net revenue grew by 27% (52 week basis +24%)
· Retail net revenue grew by 6% (52 week basis +4%)
Q4 strategic highlights
· Recommended offer made for Sportingbet's Australian and Spanish licensed online businesses
· Initiated valuation process under call option to acquire Playtech's 29% stake in William Hill Online
Dil
- 29 Jan 2013 15:46
- 124 of 472
Yummy ... you got any of these skinny ?
Bought a few myself around October time.
Bought a few myself around October time.
skinny
- 29 Jan 2013 15:48
- 125 of 472
Dil - no I sold my last in September.
dreamcatcher
- 29 Jan 2013 15:52
- 126 of 472
The odds of this happening -
A man has died after being hit by a large metal sign that fell from a William Hill shop.
The man, believed to be in his 20s, was treated at the scene in Camden, north London, on Monday afternoon before being taken to hospital, where medical staff were unable to save him.
He has not yet been named.
"Every effort was made to resuscitate him at the scene and on the way to University College Hospital," a London Ambulance Service spokeswoman said.
The 30ft sign, which had covered the length of the betting shop, was seen on the pavement. Police erected a forensic tent to cover the scene and taped off the surrounding area.
A man has died after being hit by a large metal sign that fell from a William Hill shop.
The man, believed to be in his 20s, was treated at the scene in Camden, north London, on Monday afternoon before being taken to hospital, where medical staff were unable to save him.
He has not yet been named.
"Every effort was made to resuscitate him at the scene and on the way to University College Hospital," a London Ambulance Service spokeswoman said.
The 30ft sign, which had covered the length of the betting shop, was seen on the pavement. Police erected a forensic tent to cover the scene and taped off the surrounding area.
Stan
- 29 Jan 2013 15:56
- 127 of 472
He wasn't heading into the shop with a winning slip was he? Sounds highly suspicious to me...
dreamcatcher
- 29 Jan 2013 15:59
- 128 of 472
Stan, Out of respect I did not post any jokes. :-)) Now thinking about it hmmmmm
Dil
- 01 Mar 2013 09:47
- 129 of 472
Results out today .... choo choo
HARRYCAT
- 01 Mar 2013 11:48
- 130 of 472
Broker note from Panmure Gordon today:
"William Hill has reported £293m PBT, broadly in line with the upwardly revised consensus of £295m. The full-year dividend of 11.2p is also broadly in line with consensus expectations of 11.3p. Current trading is strong with underlying group net revenue up 17% for the seven weeks to 19 February driven by WHO revenue up 29% and Retail revenue +13%. The group has announced the exercise of the call option for Playtech's shareholding in William Hill Online (WHO) for £424m, which will be funded by a fully underwritten rights issue of £375m (2 for 9 at 245p; TERP 375p or c369p adjusting for the final dividend). We think William Hill is paying a sensible price for Playtech's shareholding in WHO (we had estimated £408m) and the strategic rationale is compelling. The financial rationale is less compelling given the size of the rights issue which is higher than we had forecast, but combined with the Sportingbet assets acquisition we still see 2014E EPS c6.6% higher at 31.1p. We reiterate our Buy recommendation and 436p Target Price."
"William Hill has reported £293m PBT, broadly in line with the upwardly revised consensus of £295m. The full-year dividend of 11.2p is also broadly in line with consensus expectations of 11.3p. Current trading is strong with underlying group net revenue up 17% for the seven weeks to 19 February driven by WHO revenue up 29% and Retail revenue +13%. The group has announced the exercise of the call option for Playtech's shareholding in William Hill Online (WHO) for £424m, which will be funded by a fully underwritten rights issue of £375m (2 for 9 at 245p; TERP 375p or c369p adjusting for the final dividend). We think William Hill is paying a sensible price for Playtech's shareholding in WHO (we had estimated £408m) and the strategic rationale is compelling. The financial rationale is less compelling given the size of the rights issue which is higher than we had forecast, but combined with the Sportingbet assets acquisition we still see 2014E EPS c6.6% higher at 31.1p. We reiterate our Buy recommendation and 436p Target Price."
dreamcatcher
- 01 Mar 2013 20:37
- 131 of 472
dreamcatcher
- 01 Mar 2013 22:10
- 132 of 472
William Hill eyes US after £424m deal for full control of online business
By Nathalie Thomas | Telegraph – 4 hours ago
William Hill (Other OTC: WIMHY - news) is betting on becoming a £5bn business in the next five years after agreeing a £424m deal to take full control of its fast growth online division.
Britain’s biggest bookmaker, which currently has a market capitalisation of £3bn, is now turning its gaze east to the US after securing two major acquisitions in less than three months.
The group on Friday announced it had reached agreement to buy out Playtech, its joint venture partner in its digital division William Hill Online, which grew revenue 27pc to £406.7m last year
The £424m deal brings to a end more than four successful but rocky years with gaming software group Playtech, which has involved staff strikes, former Israeli spies and £250,000 fish tanks.
William Hill is raising £375m through a rights issue to fund the acquisition, which comes less than three months after the bookie agreed a £460m joint takeover of Sportingbet (LSE: SBT.L - news) .
Ralph Topping, William Hill’s colourful chief executive, said the deals represented a “major milestone” in the 79-year history of the company but signalled that his ambitions did not stop there.
Freedom from the online joint venture with Playtech will allow William Hill to explore further opportunities, particularly in the US, the gambling veteran said.
A major source of strife between the two companies had been Playtech’s ability to veto strategic moves in the online business, which frustrated William Hill in pursuing other acquisitions and partnerships.
“In a five year time frame this organisation should be a £5bn company,” Mr Topping said. In today’s market, a £5bn valuation would allow William Hill to enter the FTSE 100 (FTSE: ^FTSE - news) .
The group has already acquired a cluster of companies that run sports betting operations in bars in Nevada. Other states such as New Jersey are liberalising the online betting market and Mr Topping said there could be other opportunities in the US such as running lotteries.
He insisted the group wouldn’t make any further “large scale” acquisitions in the near future but it will look at “smart” and “targeted” bolt-on deals. “We are not gold medallion men with hairy chests who like to acquire, acquire, acquire,” he stressed.
Playtech, which invested €177.7m (£154m) in William Hill Online in 2008 and has received €140m in dividend payments from the business, said it is already in talks with a number of other companies about partnerships. The group is in a good position “to replicate the success of William Hill Online elsewhere”, Playtech’s chief executive Mor Weizer said.
William Hill’s partnership with Playtech hit the headlines in 2011 when staff at offices in Tel Aviv and Bulgaria staged a walk out. Former Israeli intelligence officers were hired to restore order but the affair unearthed a series of bizarre activities including the discovery of a £250,000 fish tank at the Tel Aviv office.
William Hill on Friday reported a 48pc jump in pre-tax profit to £277.7m for the 53 weeks to January 1 on revenue 12pc higher at £1.3bn.
The bookie has proposed a final dividend of 7.8p per share to be paid on June 7, lifting the full pay-out for 2012 to 11.2p, up 17pc.
dreamcatcher
- 04 Mar 2013 21:55
- 133 of 472
William Hill: Morgan Stanley ups target price from 410p to 460p keeping an overweight rating. JP Morgan raises target price from 410p to 510p and leaves its overweight rating unchanged.
dreamcatcher
- 08 Mar 2013 17:18
- 134 of 472
Sold my holding, been in since June 2012, 280p.
dreamcatcher
- 08 Mar 2013 17:36
- 135 of 472
I see in IC today they suggest that they are pricey compared with peers and that Hills decent prospects are increasingly priced in.
skinny
- 19 Apr 2013 07:04
- 136 of 472
Q1 Interim Management Statement
Significant strategic progress and profit growth continues
19 April 2013
William Hill PLC (LSE: WMH) (William Hill or the Group) announces its Interim Management Statement for the 13 weeks end\ed 2 April 2013 (the period or Q1). All comparisons are with the equivalent 13-week period in 2012 (Q1 2012).
Financial highlights in the period
· Group net revenue grew by 15%1 and Operating profit2 was up 8%
· Online net revenue grew by 21% and Operating profit2 was up 13%
· Retail net revenue grew by 8%1 and Operating profit2 was 3% lower
· Sportsbook net revenue was up 47%
· Mobile Sportsbook amounts wagered grew by 145%
· Mobile gaming net revenue grew by 298%
Key Group highlights of the year-to-date
Development of Online and mobile business continues apace
· Online operations including Australia contributed 45% of Operating profit2 in the period
· Sportsbook3 amounts wagered surpassed OTC amounts wagered in all 13 weeks of the quarter, averaging 110% of OTC wagering levels in the period
· Mobile amounts wagered beat our £15m target, averaging £18.2m a week
· Mobile accounted for 35% of Sportsbook amounts wagered in the period
Successful completion of significant corporate activity:
· £424m acquisition of outstanding 29% of William Hill Online completed on 15 April 2013
· c£373m (net) raised from rights issue; completed on 5 April, with over 98% take-up
· £459m acquisition of Sportingbet Australian business completed on 19 March 2013
Significant strategic progress and profit growth continues
19 April 2013
William Hill PLC (LSE: WMH) (William Hill or the Group) announces its Interim Management Statement for the 13 weeks end\ed 2 April 2013 (the period or Q1). All comparisons are with the equivalent 13-week period in 2012 (Q1 2012).
Financial highlights in the period
· Group net revenue grew by 15%1 and Operating profit2 was up 8%
· Online net revenue grew by 21% and Operating profit2 was up 13%
· Retail net revenue grew by 8%1 and Operating profit2 was 3% lower
· Sportsbook net revenue was up 47%
· Mobile Sportsbook amounts wagered grew by 145%
· Mobile gaming net revenue grew by 298%
Key Group highlights of the year-to-date
Development of Online and mobile business continues apace
· Online operations including Australia contributed 45% of Operating profit2 in the period
· Sportsbook3 amounts wagered surpassed OTC amounts wagered in all 13 weeks of the quarter, averaging 110% of OTC wagering levels in the period
· Mobile amounts wagered beat our £15m target, averaging £18.2m a week
· Mobile accounted for 35% of Sportsbook amounts wagered in the period
Successful completion of significant corporate activity:
· £424m acquisition of outstanding 29% of William Hill Online completed on 15 April 2013
· c£373m (net) raised from rights issue; completed on 5 April, with over 98% take-up
· £459m acquisition of Sportingbet Australian business completed on 19 March 2013
Dil
- 19 Apr 2013 12:43
- 137 of 472
Probably the most user friendly of all the online bookies. I took up the rights issue and believe we could see a fiver over the coming year.
skinny
- 19 Apr 2013 12:52
- 138 of 472
Wanna bet :-)
Dil
- 19 Apr 2013 13:00
- 139 of 472
lol , no I always lose that's why I bought shares them :-)
skinny
- 02 Aug 2013 07:18
- 140 of 472
Note the "M" word Dil :-)
Interim Results
Significant strategic progress:
William Hill Australia established with £459m acquisition of Sportingbet's Australian business, completed on 19 March 2013
Gained full control of rapidly growing Online business through £424m acquisition of 29% outstanding stake, completed on 15 April 2013
Balance sheet transformation with £373m rights issue completed on 5 April 2013 and £375m corporate bond issued on 5 June 2013
Continued momentum:
Group net revenue up 20% and Operating profit2 up 8%
Outstanding growth in Online Sportsbook net revenue +44%, driving overall online net revenue growth, up 18% and Operating profit2 growth, up 16%
Continued strong growth in mobile with mobile Sportsbook amounts wagered up 112% and mobile gaming net revenue up 198%
Strong over-the-counter (OTC) gross win margin growth drives growth in Retail net revenue1. Operating profit2 down only £2.2m after additional c£5m taxation charge following change to Machines Games Duty in February
Basic adjusted earnings per share +16% and dividend +16%
Net debt for covenant purposes increased to £821m (2 January 2013: £339m) with impact of acquisitions offset by £373m (net) rights issue
Interim Results
Significant strategic progress:
William Hill Australia established with £459m acquisition of Sportingbet's Australian business, completed on 19 March 2013
Gained full control of rapidly growing Online business through £424m acquisition of 29% outstanding stake, completed on 15 April 2013
Balance sheet transformation with £373m rights issue completed on 5 April 2013 and £375m corporate bond issued on 5 June 2013
Continued momentum:
Group net revenue up 20% and Operating profit2 up 8%
Outstanding growth in Online Sportsbook net revenue +44%, driving overall online net revenue growth, up 18% and Operating profit2 growth, up 16%
Continued strong growth in mobile with mobile Sportsbook amounts wagered up 112% and mobile gaming net revenue up 198%
Strong over-the-counter (OTC) gross win margin growth drives growth in Retail net revenue1. Operating profit2 down only £2.2m after additional c£5m taxation charge following change to Machines Games Duty in February
Basic adjusted earnings per share +16% and dividend +16%
Net debt for covenant purposes increased to £821m (2 January 2013: £339m) with impact of acquisitions offset by £373m (net) rights issue
HARRYCAT
- 02 Aug 2013 12:00
- 141 of 472
Shares in William Hill sank sharply on Friday morning as investors gave a cool reaction to the High Street bookie's first-half results. Even Canaccord Genuity, which labelled the figures as "strong", kept its 'hold' recommendation and 438p target price for the shares, highlighting headwinds for the company in 2015.
Growth is set to remain strong this year and 2014 will be helped by the World Cup, but 2015 "represents a bigger challenge in the form of UK point of consumption tax, which we forecast will result in FY15 earnings being in line with FY13", said analyst Simon Davies.
HARRYCAT
- 09 Aug 2013 15:22
- 142 of 472
StockMarketWire.com
Gambling group William Hill announced today that it has signed an agreement to acquire Tom Waterhouse (tomwaterhouse.com), the Australian online betting firm, for a cash consideration of A$34m (£20m).
There is also the assumption of up to $6m (£3m) of balance sheet liabilities.
A potential additional earn-out on a sliding scale of up to A$70m in cash is payable, subject to tomwaterhouse.com achieving incremental operating profit on a sliding scale between A$10m and A$30m in the year to 31st December 2015.
William Hill acquired Sportingbet's Australian business in March 2013 for £459m. This further acquisition builds on this, reinforcing the Group's strategy of selective international expansion as the Group develops its second 'home' market in Australia.
tomwaterhouse.com was established in 2010 and is one of Australia's fastest growing online racing and sports betting businesses. It is a privately held company owned by Tom Waterhouse and others. It has approximately 80 employees based in Sydney, Melbourne and Darwin, and is led by managing director, Tom Waterhouse. It has delivered rapid customer and revenue growth, and enjoys strong brand recognition in the Australian market. In the financial year to 30 June 2013, it generated revenues of A$28m, growing by 250% year on year. tomwaterhouse.com also has key media deals, including with Channel 9 (NRL) and Channel 7 (Racing and AFL).
The acquisition offers William Hill:
· additional scale in the regulated and rapidly growing Australian online betting market;
· exclusive access to key media deals;
· a business with significant customer and revenue growth momentum;
· a complementary customer base with limited cross-over into William Hill Australia's existing customer base and with a strong focus on recreational customers; and
· significant online and mobile potential, leveraging William Hill's existing expertise.
On completion, tomwaterhouse.com will become part of William Hill Australia, which also includes the Sportingbet and Centrebet brands. Tom Waterhouse will remain as Managing Director of the tomwaterhouse brand and joins William Hill's Australian management team, reporting to Michael Sullivan.
tomwaterhouse.com is not currently profitable but the Group expects to achieve substantial synergies as it supports the business's ongoing growth through its existing William Hill Australia operation. Given the phasing of the proposed integration, the operating profit contribution from tomwaterhouse.com is expected to be marginally negative in the year to 31 December 2013 and marginally positive in the following year, enhancing underlying earnings (i.e., before transaction and integration costs and the amortisation of intangible assets associated with the proposed acquisition) in that year. The acquisition is expected to deliver a return on invested capital in excess of the Group's post-tax cost of capital in 2015. There will be c$7m (£4m) of exceptional transaction and integration costs.
Ralph Topping, CEO of Wm Hill, said: "We are pleased to have secured this acquisition. International expansion is a key part of our growth strategy and making Australia our second home is a priority. The Sportingbet acquisition gave us a strong and proven platform with an experienced management team. Acquiring tomwaterhouse.com gives us a rapidly growing business that appeals to a complementary customer base.
"We are bringing together some of the best talent in the bookmaking industry into one formidable team. I'm impressed by Tom Waterhouse and his team, who are passionate and entrepreneurial. They've built a good business in a short period of time and have achieved strong growth momentum."
Gambling group William Hill announced today that it has signed an agreement to acquire Tom Waterhouse (tomwaterhouse.com), the Australian online betting firm, for a cash consideration of A$34m (£20m).
There is also the assumption of up to $6m (£3m) of balance sheet liabilities.
A potential additional earn-out on a sliding scale of up to A$70m in cash is payable, subject to tomwaterhouse.com achieving incremental operating profit on a sliding scale between A$10m and A$30m in the year to 31st December 2015.
William Hill acquired Sportingbet's Australian business in March 2013 for £459m. This further acquisition builds on this, reinforcing the Group's strategy of selective international expansion as the Group develops its second 'home' market in Australia.
tomwaterhouse.com was established in 2010 and is one of Australia's fastest growing online racing and sports betting businesses. It is a privately held company owned by Tom Waterhouse and others. It has approximately 80 employees based in Sydney, Melbourne and Darwin, and is led by managing director, Tom Waterhouse. It has delivered rapid customer and revenue growth, and enjoys strong brand recognition in the Australian market. In the financial year to 30 June 2013, it generated revenues of A$28m, growing by 250% year on year. tomwaterhouse.com also has key media deals, including with Channel 9 (NRL) and Channel 7 (Racing and AFL).
The acquisition offers William Hill:
· additional scale in the regulated and rapidly growing Australian online betting market;
· exclusive access to key media deals;
· a business with significant customer and revenue growth momentum;
· a complementary customer base with limited cross-over into William Hill Australia's existing customer base and with a strong focus on recreational customers; and
· significant online and mobile potential, leveraging William Hill's existing expertise.
On completion, tomwaterhouse.com will become part of William Hill Australia, which also includes the Sportingbet and Centrebet brands. Tom Waterhouse will remain as Managing Director of the tomwaterhouse brand and joins William Hill's Australian management team, reporting to Michael Sullivan.
tomwaterhouse.com is not currently profitable but the Group expects to achieve substantial synergies as it supports the business's ongoing growth through its existing William Hill Australia operation. Given the phasing of the proposed integration, the operating profit contribution from tomwaterhouse.com is expected to be marginally negative in the year to 31 December 2013 and marginally positive in the following year, enhancing underlying earnings (i.e., before transaction and integration costs and the amortisation of intangible assets associated with the proposed acquisition) in that year. The acquisition is expected to deliver a return on invested capital in excess of the Group's post-tax cost of capital in 2015. There will be c$7m (£4m) of exceptional transaction and integration costs.
Ralph Topping, CEO of Wm Hill, said: "We are pleased to have secured this acquisition. International expansion is a key part of our growth strategy and making Australia our second home is a priority. The Sportingbet acquisition gave us a strong and proven platform with an experienced management team. Acquiring tomwaterhouse.com gives us a rapidly growing business that appeals to a complementary customer base.
"We are bringing together some of the best talent in the bookmaking industry into one formidable team. I'm impressed by Tom Waterhouse and his team, who are passionate and entrepreneurial. They've built a good business in a short period of time and have achieved strong growth momentum."
skinny
- 09 Aug 2013 15:35
- 143 of 472
Nice looking chart Harry - are you holding?
HARRYCAT
- 09 Aug 2013 17:46
- 144 of 472
No, sadly! When I was looking at stocks for my ISA, WMH didn't qualify on it's divi yield. I do keep it on my watchlist though, just to remind me what could have been!
Dil
- 10 Aug 2013 00:51
- 145 of 472
Sold mine a while ago when their onsite offers were cut back. Nice while it lasted and probably still the best online bookie.
HARRYCAT
- 03 Oct 2013 07:52
- 146 of 472
StockMarketWire.com
Betting group William Hill said overall quarterly performance was impacted by quiet July trading in Retail together with lower results-linked gross win margin in the quarter. Operating profit was down c£24m or 31% in the period.
Growth continued in the last quarter, with Sportsbook amounts wagered up 42%, with football Sportsbook wagering up 49% and mobile wagering on Sportsbook up 115%.
Mobile gaming net revenue increased 126%, with mobile accounting for 18% of gaming net revenue.
Retail football staking increased 27% in the quarter.
The group has commenced the roll-out of Eclipse gaming machines into half the Retail estate.
· Further developed William Hill Australia with the £20m acquisition of tomwaterhouse.com, extending our Australian presence into a wider recreational customer base
· Good progress on William Hill Australia growth strategies with improved first time deposit trends and actions taken to reduce average cost per acquisition by the year end
· 47% growth in wagering in William Hill US as product proliferation and mobile expansion drive strong growth
· Exercised call option over the Spanish Miapuesta brand and commenced integration into the William Hill brand in that market
Overall quarterly performance was impacted by quiet July trading in Retail together with lower results-linked gross win margin in the quarter.
Retail over-the-counter (OTC) gross win margin was down 0.8 percentage points and Online Sportsbook gross win margin down 1.5 percentage points versus Q3 2012.
Group net revenue grew by 10% in Q3, up 4% on the comparable quarter after adjusting for Machine Games Duty (MGD), and is up 17% on a year-to-date basis, up 10% on an underlying basis after adjusting for MGD.
Group Operating profit was down c£24m or 31% in the period, down 4% year-to-date.
Betting group William Hill said overall quarterly performance was impacted by quiet July trading in Retail together with lower results-linked gross win margin in the quarter. Operating profit was down c£24m or 31% in the period.
Growth continued in the last quarter, with Sportsbook amounts wagered up 42%, with football Sportsbook wagering up 49% and mobile wagering on Sportsbook up 115%.
Mobile gaming net revenue increased 126%, with mobile accounting for 18% of gaming net revenue.
Retail football staking increased 27% in the quarter.
The group has commenced the roll-out of Eclipse gaming machines into half the Retail estate.
· Further developed William Hill Australia with the £20m acquisition of tomwaterhouse.com, extending our Australian presence into a wider recreational customer base
· Good progress on William Hill Australia growth strategies with improved first time deposit trends and actions taken to reduce average cost per acquisition by the year end
· 47% growth in wagering in William Hill US as product proliferation and mobile expansion drive strong growth
· Exercised call option over the Spanish Miapuesta brand and commenced integration into the William Hill brand in that market
Overall quarterly performance was impacted by quiet July trading in Retail together with lower results-linked gross win margin in the quarter.
Retail over-the-counter (OTC) gross win margin was down 0.8 percentage points and Online Sportsbook gross win margin down 1.5 percentage points versus Q3 2012.
Group net revenue grew by 10% in Q3, up 4% on the comparable quarter after adjusting for Machine Games Duty (MGD), and is up 17% on a year-to-date basis, up 10% on an underlying basis after adjusting for MGD.
Group Operating profit was down c£24m or 31% in the period, down 4% year-to-date.
HARRYCAT
- 14 Oct 2013 08:16
- 147 of 472
WMH ex-divi wed 23rd Oct (3.7p)
TenDeals
- 24 Oct 2013 19:30
- 148 of 472
William going downHill 100 by Xmas
jimmy b
- 19 Dec 2013 15:37
- 149 of 472
Going well today , who's the joker above ,hope he's not someones advisory broker.
goldfinger
- 19 Dec 2013 15:50
- 150 of 472
LOL.
Loads errr money jimmy, loads err money here over xmas and new year.
Loads errr money jimmy, loads err money here over xmas and new year.
goldfinger
- 19 Dec 2013 15:59
- 151 of 472
Some hefty Broker SP Targets for Hills.....
WILLIAM HILL BROKER VIEWS
Date Broker Recommendation Price Old target price New target price Notes
18 Dec Investec Buy 390.15 530.00 530.00 Retains
17 Dec Canaccord Genuity Hold 390.15 425.00 408.00 Reiterates
10 Dec Barclays Capital Overweight 390.15 440.00 440.00 Reiterates
09 Dec Credit Suisse Outperform 390.15 465.00 465.00 Reiterates
02 Dec Numis Buy 390.15 550.00 550.00 Reiterates
WILLIAM HILL BROKER VIEWS
Date Broker Recommendation Price Old target price New target price Notes
18 Dec Investec Buy 390.15 530.00 530.00 Retains
17 Dec Canaccord Genuity Hold 390.15 425.00 408.00 Reiterates
10 Dec Barclays Capital Overweight 390.15 440.00 440.00 Reiterates
09 Dec Credit Suisse Outperform 390.15 465.00 465.00 Reiterates
02 Dec Numis Buy 390.15 550.00 550.00 Reiterates
cynic
- 19 Dec 2013 15:59
- 152 of 472
bloody hell; this one has got excited today; thought i had missed the boat even this morning, but not so, though i did :-)
goldfinger
- 19 Dec 2013 16:02
- 153 of 472
Get in, I insist you go long and buy.
goldfinger
- 19 Dec 2013 16:05
- 154 of 472
William Hill looks like its technicaly oversold BUT get this from Galvan...........the FTSE 350 best 5 performomg stocks during the Santa Rally over the last 10 years have been....
Alliance Trust
Balfour beatty
William Hill
JP Morgan Emerging Markets Trust
Witan Investment Trust
In the same period the best performing sectors have been....
Construction @ Materials
Life Insurance
Support Services
Travel @ Leisure
Mobile Telecommunications.
in the same period and ALL YEAR the best performing days are......
27 th Dec (best performing day of the year)
24th December (half day only xmas eve)
4th place 23rd of december.
And no the report doesnt give the 3rd best day.
Their 3 NAPS are the top three in the list above.
Alliance Trust
Balfour beatty
William Hill
JP Morgan Emerging Markets Trust
Witan Investment Trust
In the same period the best performing sectors have been....
Construction @ Materials
Life Insurance
Support Services
Travel @ Leisure
Mobile Telecommunications.
in the same period and ALL YEAR the best performing days are......
27 th Dec (best performing day of the year)
24th December (half day only xmas eve)
4th place 23rd of december.
And no the report doesnt give the 3rd best day.
Their 3 NAPS are the top three in the list above.
cynic
- 19 Dec 2013 16:08
- 155 of 472
i'm torn between greed and fear of the markets having a sharp correction ..... or is it hope that the markets will have a sharp correction, always excluding the stocks and sector bets that i already have in place :-)
goldfinger
- 19 Dec 2013 16:15
- 156 of 472
Wheres the negative news going to come from over the xmas and new year?.
Go for a short term S Bet.
Go for a short term S Bet.
skinny
- 19 Dec 2013 16:20
- 157 of 472
goldfinger
- 19 Dec 2013 16:27
- 158 of 472
Well should ride up to that date, fingers crossed.
cynic
- 19 Dec 2013 16:27
- 159 of 472
because i'm a mug, i've taken a cfd position .... mind you, i got out of jail significantly this morning, but a retrenchment later on wall street would have me smiling even more broadly
goldfinger
- 19 Dec 2013 16:28
- 160 of 472
Right you get a William Hill blue peter badge cyners.
jimmy b
- 19 Dec 2013 16:33
- 161 of 472
These should be back at a fiver for those who can hold in to next year .
May take a few months ...
Anyway GF where's the Santa Rally ,Apart from here i'm not doing well at all ,bit like a wet loaf of bread.
Edit ,i might add i'm not holding much either .
May take a few months ...
Anyway GF where's the Santa Rally ,Apart from here i'm not doing well at all ,bit like a wet loaf of bread.
Edit ,i might add i'm not holding much either .
goldfinger
- 19 Dec 2013 16:54
- 162 of 472
Top bombing here Jimmy. TCG THT CLIN CWC PLUS all gone very well.
Others all blue.
Reckon Ive had a lucky day.
Others all blue.
Reckon Ive had a lucky day.
jimmy b
- 19 Dec 2013 17:01
- 163 of 472
Good on you GF .
goldfinger
- 20 Dec 2013 04:53
- 164 of 472
William Hill had a very hot day yesterday, and broke out through top of down trend channel , it should have much further to go.
cynic
- 20 Dec 2013 07:04
- 165 of 472
if it doesn't, i'll track you down and have you eliminated :-)
goldfinger
- 20 Dec 2013 08:38
- 166 of 472
LOL.
goldfinger
- 20 Dec 2013 08:52
- 167 of 472
Big call by Broker investec. Hills a Buy, ladbrokes and betfair sells.
18 Dec 2013 William Hill PLC WMH Investec Buy 373.05 371.00 530.00 530.00 Retains
18 Dec 2013 Ladbrokes PLC LAD Investec Sell 169.05 169.90 160.00 155.00 Retains
18 Dec 2013 Betfair Group BET Investec Sell 1,084.50 1,078.00 750.00 950.00 Retains
So far it looks like Investec have called it right.
WMH a little slow out of the blocks this morning.
18 Dec 2013 William Hill PLC WMH Investec Buy 373.05 371.00 530.00 530.00 Retains
18 Dec 2013 Ladbrokes PLC LAD Investec Sell 169.05 169.90 160.00 155.00 Retains
18 Dec 2013 Betfair Group BET Investec Sell 1,084.50 1,078.00 750.00 950.00 Retains
So far it looks like Investec have called it right.
WMH a little slow out of the blocks this morning.
goldfinger
- 20 Dec 2013 10:21
- 168 of 472
Looks like weve picked up a big seller knocking out AT trades..... the barsteward.
skinny
- 20 Dec 2013 10:33
- 169 of 472
Ok - just had a small punt.
goldfinger
- 20 Dec 2013 10:35
- 170 of 472
Another WMH blue peter badge awarded.
hey you dont mean short do you.?
hey you dont mean short do you.?
skinny
- 20 Dec 2013 10:39
- 171 of 472
No :-)
goldfinger
- 20 Dec 2013 10:43
- 172 of 472
Right u keep the badge then LOL.
goldfinger
- 23 Dec 2013 09:18
- 173 of 472
Lifted from over pond...
William Hill from Galvan..
http://mycharts1.webs.com/william%20hill%2012.JPG
William Hill from Galvan..
http://mycharts1.webs.com/william%20hill%2012.JPG
jimmy b
- 23 Dec 2013 09:29
- 174 of 472
Morning GF ,good read .
jimmy b
- 30 Dec 2013 20:22
- 175 of 472
Just needs to get over that 4 quid and we may on our way, nearly did today.
skinny
- 02 Jan 2014 10:00
- 176 of 472
Notice of Trading Update and Final Results
William Hill PLC (LSE: WMH) will announce a trading update for the 13 weeks (Q4) and the 52 weeks ended 31 December 2013 on Friday, 17 January 2014.
An analyst conference call will be held at 8.30 a.m. GMT. Dial-in details for the call are:
UK telephone: 0800 368 0649
International: +44 (0)20 3059 8125
Passcode: William Hill
An archive of the call will be available for a period of two weeks to 31 January 2014. Dial-in details for the archive call are:
UK telephone: 0121 260 4861
International: +44 (0)121 260 4861
Passcode: 555 5606#
An audio webcast of the call will be available at www.williamhillplc.com.
The Group will announce its final results for the 52 weeks ended 31 December 2013 on Friday, 28 February 2014.
William Hill PLC (LSE: WMH) will announce a trading update for the 13 weeks (Q4) and the 52 weeks ended 31 December 2013 on Friday, 17 January 2014.
An analyst conference call will be held at 8.30 a.m. GMT. Dial-in details for the call are:
UK telephone: 0800 368 0649
International: +44 (0)20 3059 8125
Passcode: William Hill
An archive of the call will be available for a period of two weeks to 31 January 2014. Dial-in details for the archive call are:
UK telephone: 0121 260 4861
International: +44 (0)121 260 4861
Passcode: 555 5606#
An audio webcast of the call will be available at www.williamhillplc.com.
The Group will announce its final results for the 52 weeks ended 31 December 2013 on Friday, 28 February 2014.
skinny
- 03 Jan 2014 14:43
- 177 of 472
jimmy b
- 03 Jan 2014 15:56
- 178 of 472
On our way today ,hopefully it will hold over £4 now.
goldfinger
- 07 Jan 2014 09:20
- 179 of 472
07 Jan 2014 William Hill PLC WMH Nomura Buy 406.25 404.60 505.00 505.00 Reiterates
505p SP Target.
505p SP Target.
skinny
- 07 Jan 2014 09:30
- 180 of 472
If it can close the October gap, then 420 - 430 looks attainable short term.
Trading Update next Friday 17th.
Trading Update next Friday 17th.
jimmy b
- 07 Jan 2014 09:30
- 181 of 472
Nice . This is one i'm staying with for now.
cynic
- 07 Jan 2014 09:46
- 182 of 472
yup indeed
sticky - thanks for twisting my arm on this one :-)
sticky - thanks for twisting my arm on this one :-)
jimmy b
- 07 Jan 2014 09:53
- 183 of 472
Done me good last year in and out twice.
goldfinger
- 07 Jan 2014 10:08
- 184 of 472
William Hill Rating Reiterated by Nomura (WMH)
Posted by Tammy Falkenburg on Jan 7th, 2014
William Hill logoWilliam Hill (LON:WMH)‘s stock had its “buy” rating restated by investment analysts at Nomura in a note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 505 ($8.28) target price on the stock. Nomura’s price objective would indicate a potential upside of 24.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of William Hill in a research note to investors on Wednesday, December 18th. They now have a GBX 530 ($8.69) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of William Hill from GBX 425 ($6.97) to GBX 408 ($6.69) in a research note to investors on Tuesday, December 17th. They now have a “hold” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of William Hill in a research note to investors on Tuesday, December 10th. They now have a GBX 440 ($7.22) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. William Hill presently has a consensus rating of “Buy” and an average target price of GBX 469.21 ($7.70).
Shares of William Hill (LON:WMH) opened at 404.60 on Tuesday. William Hill has a 52 week low of GBX 313.874 and a 52 week high of GBX 494.60. The stock has a 50-day moving average of GBX 382.7 and a 200-day moving average of GBX 415.. The company’s market cap is £3.385 billion.
William Hill PLC is a gambling company. The Company’s business is to provide its customers with a range of sports betting and gaming opportunities.
Posted by Tammy Falkenburg on Jan 7th, 2014
William Hill logoWilliam Hill (LON:WMH)‘s stock had its “buy” rating restated by investment analysts at Nomura in a note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 505 ($8.28) target price on the stock. Nomura’s price objective would indicate a potential upside of 24.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of William Hill in a research note to investors on Wednesday, December 18th. They now have a GBX 530 ($8.69) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of William Hill from GBX 425 ($6.97) to GBX 408 ($6.69) in a research note to investors on Tuesday, December 17th. They now have a “hold” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of William Hill in a research note to investors on Tuesday, December 10th. They now have a GBX 440 ($7.22) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. William Hill presently has a consensus rating of “Buy” and an average target price of GBX 469.21 ($7.70).
Shares of William Hill (LON:WMH) opened at 404.60 on Tuesday. William Hill has a 52 week low of GBX 313.874 and a 52 week high of GBX 494.60. The stock has a 50-day moving average of GBX 382.7 and a 200-day moving average of GBX 415.. The company’s market cap is £3.385 billion.
William Hill PLC is a gambling company. The Company’s business is to provide its customers with a range of sports betting and gaming opportunities.
skinny
- 08 Jan 2014 15:17
- 185 of 472
Numis Buy 400.60 550.00 550.00 Reiterates
jimmy b
- 08 Jan 2014 15:42
- 186 of 472
Shame about the drop today .
Chris Carson
- 08 Jan 2014 15:47
- 187 of 472
I'm in long (Mar Contract) on spreads @ 401 World Cup coming up no brainer.
HARRYCAT
- 08 Jan 2014 16:24
- 188 of 472
LAD results out soon. Might also be worth watching in the same sector.
goldfinger
- 09 Jan 2014 08:09
- 189 of 472
Whats going on here?????? is it them machines they are talking of banning?
Bloody socialists.
Bloody socialists.
skinny
- 09 Jan 2014 08:15
- 190 of 472
Barclays Capital Equal weight 407.50 399.80 440.00 420.00 Downgrades
Chris Carson
- 09 Jan 2014 08:50
- 191 of 472
Stopped out 379.9 -21.8 I blame David Moyes GF football genius :O)
skinny
- 09 Jan 2014 08:56
- 192 of 472
Ironically Chris - that's exactly where my stop was - may have another look later.
cynic
- 09 Jan 2014 09:03
- 193 of 472
so sp has now dropped more than 30p in the last 24 hours
why is this not overdone?
why is this not overdone?
jimmy b
- 09 Jan 2014 09:05
- 194 of 472
It is overdone if this is a reaction to miliband trying to get some of the machines taken out of shops..
skinny
- 09 Jan 2014 09:06
- 195 of 472
It does make you wonder - the recent broker notes.
I'm not sure if any are the house broker.
Barclays Capital Equal weight 374.35 440.00 420.00 Downgrades
08 Jan 14 William Hill PLC Numis Buy 374.35 550.00 550.00 Reiterates
08 Jan 14 William Hill PLC JP Morgan Cazenove Underweight 374.35 360.00 360.00 Reiterates
07 Jan 14 William Hill PLC Nomura Buy 374.35 505.00 505.00 Reiterates
I'm not sure if any are the house broker.
Barclays Capital Equal weight 374.35 440.00 420.00 Downgrades
08 Jan 14 William Hill PLC Numis Buy 374.35 550.00 550.00 Reiterates
08 Jan 14 William Hill PLC JP Morgan Cazenove Underweight 374.35 360.00 360.00 Reiterates
07 Jan 14 William Hill PLC Nomura Buy 374.35 505.00 505.00 Reiterates
Chris Carson
- 09 Jan 2014 09:07
- 196 of 472
Me to skinny.
Could you do me a favour if i start a thread on Man utd can you post a chart in the header I'm clueless. Went short on Monday the spread with Caps was 27 which normally is a bit rich for me, still -10 but coming down nicely? Do CMC or IG cover them and if so how is their spread? Cheers if you can.
Could you do me a favour if i start a thread on Man utd can you post a chart in the header I'm clueless. Went short on Monday the spread with Caps was 27 which normally is a bit rich for me, still -10 but coming down nicely? Do CMC or IG cover them and if so how is their spread? Cheers if you can.
jimmy b
- 09 Jan 2014 09:08
- 197 of 472
Their online business was reckoned to be worth £4 per share in itself.
skinny
- 09 Jan 2014 09:09
- 198 of 472
I can't post in the header of a thread that I didn't start - I'll email you the html to cut and paste in if you want?
goldfinger
- 09 Jan 2014 09:18
- 199 of 472
No dont skinny Chris is worried UTD will be taking Barklay away from his lot.
skinny
- 09 Jan 2014 09:18
- 200 of 472
Chris IG cover them DFB current spread 1513 - 1517.
goldfinger
- 09 Jan 2014 09:20
- 201 of 472
Its them gambling machines that is responsible for this.......Bloody Millibands main topic in PMQs yesterday.
Politicians KEEP YOUR NOSES OUT.
Politicians KEEP YOUR NOSES OUT.
Chris Carson
- 09 Jan 2014 09:20
- 202 of 472
Thanks skinny, only joking :O) just winding GF up LOL!!!
skinny
- 09 Jan 2014 09:27
- 203 of 472
I think he is wound up enough this morning! :-)
goldfinger
- 09 Jan 2014 10:21
- 204 of 472
Fat Daves fault I had a nice profit here before this clap trap.......humbug.
Garry White @GarryWhite
William Hill shares plunge 6% as David Cameron expresses concerns over gambling machines on the high street
Garry White @GarryWhite
William Hill shares plunge 6% as David Cameron expresses concerns over gambling machines on the high street
jimmy b
- 09 Jan 2014 10:30
- 205 of 472
He expressed concerns because that pr...k miliband keeps banging on about it and Dave's a weak leader .
cynic
- 09 Jan 2014 10:39
- 206 of 472
i'm amazed PMQs didn't have more important subjects to discuss
meanwhile
i note that the order book (L2) is pretty balanced, and am getting tempted to buy a few more
meanwhile
i note that the order book (L2) is pretty balanced, and am getting tempted to buy a few more
goldfinger
- 09 Jan 2014 10:48
- 207 of 472
Was because that labour MP passed away.
cynic
- 09 Jan 2014 10:50
- 208 of 472
??????? what's that to do with the price of bananas - or slot machines for that matter?
no objection i take it to the plethora of scratch cards and similar that are on offer in all sorts of places
anyway, have just topped up by 50% at 371.6
probably a silly thing to do, but we shall see ..... so-called logic is that these falls are nearly always overdone
no objection i take it to the plethora of scratch cards and similar that are on offer in all sorts of places
anyway, have just topped up by 50% at 371.6
probably a silly thing to do, but we shall see ..... so-called logic is that these falls are nearly always overdone
Dil
- 09 Jan 2014 10:55
- 209 of 472
Best online bookie site by a country mile.
Bloody government should get on with trying to sort the economy out and stop poking it's nose in where it's not needed or wanted.
Bloody government should get on with trying to sort the economy out and stop poking it's nose in where it's not needed or wanted.
cynic
- 09 Jan 2014 10:59
- 210 of 472
one assumes that EM or one of his cronies raised the question, and thus there was an obligation to answer it
skinny
- 09 Jan 2014 11:03
- 211 of 472
Just had another dabble @372.3p
jimmy b
- 09 Jan 2014 11:04
- 212 of 472
They have been banging on about it for a while ,not just yesterday ,i'm surprised at the fall and expect a sharp bounce at some point. As i said earlier their online business alone was recently valued at £4 per share.
Edit i'll try and find the article and post it here.
Edit i'll try and find the article and post it here.
Chris Carson
- 09 Jan 2014 11:06
- 213 of 472
Me too, 372.9 (Mar Contract) spreads.
goldfinger
- 09 Jan 2014 15:46
- 214 of 472
Me too 371.1p Looks well overdone given 420p Barclay target and it looks like them who have spooked the market...........
UK Bookmakers downgraded by Barclays Capital
09th January 2014, 14:27
Barclays Capital appears to be turning increasingly bearish on the gambling sector amid further political and regulatory concerns, especially in respect of fixed odds betting terminals.
Betfair [LON:BET] managed to escape the Barclays chop, however, William Hill [LON:WMH] and Ladbrokes [LON:LAD] weren’t so lucky.
William Hill has been downgraded to ‘equal weight’ from ‘overweight’ given the limited upside to the brokers revised target price of 420 pence per share (previously 440 pence).
Meanwhile, Ladbrokes has been added to the brokers list of stocks to avoid and downgraded to ‘underweight’ from ‘equal weight’, with analysts citing a number of contributory factors including its greater exposure to machines, risk of delays to its on-line migration and its weaker sportsbook offering.
The broker has lowered its price target by 10 per cent to 169 pence per share.
In terms of the wider gaming and gambling sector, Barclays said: “Regulatory change has always been the key driver of sentiment toward the gambling sector.
“Yesterday the Labour Party called for greater regulation of the gambling industry in the UK.
“We stress that there has been no change to regulation but we expect that this negative news-flow will weigh on the sector.”
At 2:21pm:
Betfair Group share price was up 0.5 pence at 1,080.5 pence.
Ladbrokes share price was down 11.35 pence at 168.35 pence.
William Hill share price was down 29 pence at 370.8 pence.
UK Bookmakers downgraded by Barclays Capital
09th January 2014, 14:27
Barclays Capital appears to be turning increasingly bearish on the gambling sector amid further political and regulatory concerns, especially in respect of fixed odds betting terminals.
Betfair [LON:BET] managed to escape the Barclays chop, however, William Hill [LON:WMH] and Ladbrokes [LON:LAD] weren’t so lucky.
William Hill has been downgraded to ‘equal weight’ from ‘overweight’ given the limited upside to the brokers revised target price of 420 pence per share (previously 440 pence).
Meanwhile, Ladbrokes has been added to the brokers list of stocks to avoid and downgraded to ‘underweight’ from ‘equal weight’, with analysts citing a number of contributory factors including its greater exposure to machines, risk of delays to its on-line migration and its weaker sportsbook offering.
The broker has lowered its price target by 10 per cent to 169 pence per share.
In terms of the wider gaming and gambling sector, Barclays said: “Regulatory change has always been the key driver of sentiment toward the gambling sector.
“Yesterday the Labour Party called for greater regulation of the gambling industry in the UK.
“We stress that there has been no change to regulation but we expect that this negative news-flow will weigh on the sector.”
At 2:21pm:
Betfair Group share price was up 0.5 pence at 1,080.5 pence.
Ladbrokes share price was down 11.35 pence at 168.35 pence.
William Hill share price was down 29 pence at 370.8 pence.
jimmy b
- 09 Jan 2014 16:01
- 215 of 472
Betfair [LON:BET] managed to escape the Barclays chop
That's because they have no shops it's all online therefore no machines ( the crack cocaine of gambling as Miliband put it) and that is all this is about ..
Makes me laugh ,you can loose large amounts anywhere ,maybe Ed should come and have a look at my trading account today .
That's because they have no shops it's all online therefore no machines ( the crack cocaine of gambling as Miliband put it) and that is all this is about ..
Makes me laugh ,you can loose large amounts anywhere ,maybe Ed should come and have a look at my trading account today .
cynic
- 09 Jan 2014 16:23
- 216 of 472
sorry to hear that young jimmy me lad ...... i've had rather a good day by chance :-)
jimmy b
- 09 Jan 2014 16:26
- 217 of 472
Not bad all round cynic ,, just WMH was nicely in profit and was intending to hold well in to this year,, now teetering on the edge of a stop loss ,still in for now..
cynic
- 09 Jan 2014 16:43
- 218 of 472
ah .... i effectively don't do stop losses as they're a real pain when sp spikes
goldfinger
- 09 Jan 2014 16:48
- 219 of 472
Certainly spikey this week. That why i use ATR oscillator on charts. Shows daily volatility. Although not meant for this.
Only use stops for trailing SP.
Only use stops for trailing SP.
jimmy b
- 09 Jan 2014 17:10
- 220 of 472
Dangerous game that cynic .
I'm actually surprised this didn't bounce back a bit better.
I'm actually surprised this didn't bounce back a bit better.
goldfinger
- 10 Jan 2014 03:48
- 221 of 472
William Hill was down more than 7 per cent to 371.1p, while Rank Group, whose Grosvenor Casinos business uses FOBTs, fell by 1.6p to 135.4p.
Analyst Simon French at Panmure Gordon said the falls were an overreaction, given that Labour was defeated in a parliamentary vote on whether to give local authorities power to curb the number of fixed-odds terminals.
‘It is overdone,’ he said. ‘I don’t think the debate went that badly from the perspective of the betting companies, but the market will shop first and ask questions later.’
‘It [the share price fall] provides an attractive entry point to William Hill because it has a broader base of business, geographically and by channel.’
http://www.dailymail.co.uk/money/markets/article-2536778/Bookies-dealt-blow-fixed-odds-debate.html
Analyst Simon French at Panmure Gordon said the falls were an overreaction, given that Labour was defeated in a parliamentary vote on whether to give local authorities power to curb the number of fixed-odds terminals.
‘It is overdone,’ he said. ‘I don’t think the debate went that badly from the perspective of the betting companies, but the market will shop first and ask questions later.’
‘It [the share price fall] provides an attractive entry point to William Hill because it has a broader base of business, geographically and by channel.’
http://www.dailymail.co.uk/money/markets/article-2536778/Bookies-dealt-blow-fixed-odds-debate.html
goldfinger
- 10 Jan 2014 07:55
- 222 of 472
Fingers crossed........
jimmy b
- 10 Jan 2014 10:57
- 223 of 472
Bounce back ?? good entry point for a buy .
HARRYCAT
- 10 Jan 2014 11:00
- 224 of 472
.
skinny
- 15 Jan 2014 14:58
- 225 of 472
Take your pick - update on Friday 17th.
Goodbody Hold 370.40 450.00 375.00 Downgrades
Nomura Buy 370.40 505.00 505.00 Retains
Goodbody Hold 370.40 450.00 375.00 Downgrades
Nomura Buy 370.40 505.00 505.00 Retains
skinny
- 17 Jan 2014 07:01
- 226 of 472
Trading Statement
Improved margin in Q4 with progress on key initiatives
17 January 2014
William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the 13 weeks from 2 October 2013 to 31 December 2013 (Q4) and the unaudited 52 weeks to 31 December 2013 (full year). The reported comparator periods are the 14 weeks and 53 weeks ended 1 January 2013. For comparison purposes, 13 week and 52 week data are provided, for which the results relating to the week ending 1 January 2013 have been removed.
Ralph Topping, Chief Executive of William Hill, commented:
"Q4 proved a strong end to the year as we enjoyed continued momentum in Sportsbook with 38% more wagered in Q4 on a 13 week basis than last year. This demonstrates our competitive strength in Online ahead of the expected introduction of the Point of Consumption tax in December 2014. We made good progress on key initiatives in the quarter: improving our mobile gaming offer, rolling out the Eclipse gaming machine to over a third of our estate and continuing to enhance Australia's digital capabilities. It is also pleasing to see a turnaround in the profitability of our US business in our first full year of ownership."
Q4
Q4 saw strong underlying net revenue growth from sports betting with above average gross win margins in Retail over-the-counter (OTC) and strong wagering growth from Online Sportsbook. Online gaming net revenue growth rates improved through the period benefitting from improvements to mobile gaming and the Retail estate saw the ongoing roll-out of the Eclipse gaming machine.
more...
Improved margin in Q4 with progress on key initiatives
17 January 2014
William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the 13 weeks from 2 October 2013 to 31 December 2013 (Q4) and the unaudited 52 weeks to 31 December 2013 (full year). The reported comparator periods are the 14 weeks and 53 weeks ended 1 January 2013. For comparison purposes, 13 week and 52 week data are provided, for which the results relating to the week ending 1 January 2013 have been removed.
Ralph Topping, Chief Executive of William Hill, commented:
"Q4 proved a strong end to the year as we enjoyed continued momentum in Sportsbook with 38% more wagered in Q4 on a 13 week basis than last year. This demonstrates our competitive strength in Online ahead of the expected introduction of the Point of Consumption tax in December 2014. We made good progress on key initiatives in the quarter: improving our mobile gaming offer, rolling out the Eclipse gaming machine to over a third of our estate and continuing to enhance Australia's digital capabilities. It is also pleasing to see a turnaround in the profitability of our US business in our first full year of ownership."
Q4
Q4 saw strong underlying net revenue growth from sports betting with above average gross win margins in Retail over-the-counter (OTC) and strong wagering growth from Online Sportsbook. Online gaming net revenue growth rates improved through the period benefitting from improvements to mobile gaming and the Retail estate saw the ongoing roll-out of the Eclipse gaming machine.
more...
jimmy b
- 17 Jan 2014 09:02
- 227 of 472
Well the bounce back didn't happen ,out for now .
goldfinger
- 17 Jan 2014 09:05
- 228 of 472
I was out a few days back. Thought the meddling by MPs would mess this up.
jimmy b
- 17 Jan 2014 09:16
- 229 of 472
It only hit my stop this morning GF ,but your right the threat hanging over possible removal of machines has killed it for now. Those gaming machines are a large percentage of revenue for retail outlets.
goldfinger
- 17 Jan 2014 09:29
- 230 of 472
Yep 50% of revenue.
skinny
- 17 Jan 2014 09:35
- 231 of 472
I'll stay for a bit longer and have had another dabble @364p
jimmy b
- 17 Jan 2014 09:55
- 232 of 472
You could waiting for the World Cup skinny and i hate football!!
skinny
- 17 Jan 2014 09:59
- 233 of 472
Yes - may not have been the smartest buy!
Chris Carson
- 17 Jan 2014 10:10
- 234 of 472
I got out yesterday for nowt, back in @ 365.9 still think it's overdone and a knee jerk reaction, tin hat maybe for a while, we'll see :O)
jimmy b
- 17 Jan 2014 10:13
- 235 of 472
You could be right i would'nt be surprised it's still the best bookmaker .I got stopped out but would buy back in down the road.
jimmy b
- 17 Jan 2014 14:57
- 236 of 472
Wonder how low this will go over the next few weeks ? defo a buy back for me if it gets trounced.
Chris Carson
- 17 Jan 2014 15:58
- 237 of 472
Don't know anything about horse racing jimmy so can't comment on that. Football, Man City's title to lose imo but you never know, five teams in contention this year. Then of course the World Cup to come in the summer. Depends how WMH fare in the US the trading statement wasn't all bad. No knowledge re these gaming machines as I and pretty sure most punters bet online, it's a great site. I would be more concerned if betting tax were re-introduced but can't see that happening either. My bet (get it :O) is that Milliband is clutching at anything he can and betting (gaming machines) were flavour of the week. This to shall pass.
jimmy b
- 17 Jan 2014 16:05
- 238 of 472
It will pass i agree but one thing for sure is that these gaming machines account for huge revenue in the high street that's fact. We were going along fine here until Milliband stuck his nose in looking for scoring points with the public..
skinny
- 17 Jan 2014 16:06
- 239 of 472
goldfinger
- 17 Jan 2014 16:24
- 240 of 472
50% of shops revenues.
You cant ignore that and its negative sentiment here that will push the SP down even if they dont bring in regulation.
You cant ignore that and its negative sentiment here that will push the SP down even if they dont bring in regulation.
Chris Carson
- 17 Jan 2014 16:35
- 241 of 472
Agree to differ GF, we will see. Are you short?
goldfinger
- 17 Jan 2014 16:53
- 242 of 472
No im 6ft 9 3/4 inch....... 18st 9lbs.
goldfinger
- 17 Jan 2014 17:07
- 243 of 472
Interesting from a technical point of view.
Just a tad off the 62% retracement level from its sept recent high, if this falls it could be curtains for a while.
Also see ADX indicator very negative.
;EMA(50);EMA(200);Fibonnaci(100)&IND=VOLMA(60);MTM(6,6);ADX(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
Just a tad off the 62% retracement level from its sept recent high, if this falls it could be curtains for a while.
Also see ADX indicator very negative.
Chris Carson
- 17 Jan 2014 17:26
- 244 of 472
Agree, needs to bounce sharpish or next support 340.0
goldfinger
- 17 Jan 2014 21:00
- 245 of 472
Could be a double bottom Chris.......fingers crossed.
Chris Carson
- 17 Jan 2014 22:14
- 246 of 472
It could be GF, then again Man U could win at Stamford Bridge on Sunday :O) Just don't know, if we did we would all be millionaires.
jimmy b
- 18 Jan 2014 10:18
- 247 of 472
Bookies lost £25 million last week when all the favourites won in the premier league ,William Hill lost £13 million alone ,didn't help either.
goldfinger
- 18 Jan 2014 10:44
- 248 of 472
ahhhhhhh look out Chris.
jimmy b
- 18 Jan 2014 11:20
- 249 of 472
I still think this will bounce back at some point GF ,it just could be from a lower base ,time will tell.
david lucas - 20 Jan 2014 18:28 - 250 of 472
Do not hold WMH but it looks as though it may bounce from 360. Up a little today - 1.9p
Dil
- 21 Jan 2014 02:47
- 251 of 472
It has the best online bookie site and is also best of the high street bookies.
It's it online Casino where it's lacking and this is the big growth area for bookies.
It's it online Casino where it's lacking and this is the big growth area for bookies.
david lucas - 21 Jan 2014 08:36 - 252 of 472
That does explain the problem. If 360 does not hold 340 is the best 'bet' for a floor!
goldfinger
- 21 Jan 2014 08:44
- 253 of 472
Pressure to regulate Fixed odd machines in shops is another reason SP as come under pressure. 50% of shop revenues!!!!!!!!.
Take them out and you have some serious cash to replace.
Take them out and you have some serious cash to replace.
jimmy b
- 21 Jan 2014 08:59
- 254 of 472
Going down again.
cynic
- 21 Jan 2014 09:02
- 255 of 472
certainly the chart is now looking very ugly, and very undecided whether to cut and run or to sit out the storm
Chris Carson
- 21 Jan 2014 09:44
- 256 of 472
340p looks nailed on, sticking with it though for now. Good stake building oppo in my opinion, there is more to this company than relying on gaming machines in high street outlets.
jimmy b
- 21 Jan 2014 10:21
- 257 of 472
I read on one financial that its online business is worth £4 per share on it's own but i can't find it now .
Chris your right but it is a huge revenue for them some shops (i know) take more money through those machines than over the counter , if that law got through i think this would sink like a stone ,however i don't think it will get passed for now so watching for a lower entry and i'll be back in hopefully for the world cup.
Chris your right but it is a huge revenue for them some shops (i know) take more money through those machines than over the counter , if that law got through i think this would sink like a stone ,however i don't think it will get passed for now so watching for a lower entry and i'll be back in hopefully for the world cup.
halifax - 21 Jan 2014 10:28 - 258 of 472
alternative thinking suggests if the gamblers can't play the machines their money would revert to traditional bets.
cynic
- 21 Jan 2014 10:35
- 259 of 472
doesn't the treasury get a big slab of tax from these machines?
that will be a good deterrent!
that will be a good deterrent!
jimmy b
- 21 Jan 2014 11:13
- 260 of 472
Exactly , and i'd like to see Millibands view if god forbid he was in .
HARRYCAT
- 21 Jan 2014 11:47
- 261 of 472
JP Morgan comment:
Some restrictions on gaming machines are likely: Following the increased focus from the opposition on the issue of gaming machines regulation, we think that the government is now more likely to impose some restrictions. While there could be some protection for the industry (as a significant employer, and financial supporter of UK horse racing), we think that lobbying power is limited. Restrictions could come as early as spring 2014 (as the Prime Minister mentioned in the House of Commons), but are more likely to come in the autumn, after the outcome of the Responsible Gambling Trust’s study into the possible link between gaming machines and problem gambling is known.
We have analysed the impact of a restriction on maximum stakes. Campaigners against the machines often cite the amount that it is possible to lose on the machines (theoretically £300/minute, although this is often misrepresented). We see B2 game stakes (current max £100) as an easy target, not least as this could be done from within existing legislation. We have based our analysis on a reduction in the max stake to £20, which we think could reduce gaming machine revenue by 15%. Assuming some offset from "lost" revenue moving online, our scenario suggests 39% downside to our FY15 EPS forecast for LAD, 13% downside for WMH and a broadly neutral impact for PWL. Over time, we think that LAD and WMH could also have to close a significant proportion of their shops, as we think that the bottom 20% of the shops would be lossmaking in our scenario (vs. 10% currently), and a further 20% only marginally profitable.
Increased regulatory risk comes on top of existing industry headwinds: Slowing gaming machine growth is putting pressure on UK Retail profitability. After a decade of strong growth, gaming machines (50% of UK Retail revenue) are maturing. This is putting pressure on top line growth in UK Retail, (as OTC betting is in gentle decline) and so on per-shop profitability.
Intensifying competition in UK Online. Ahead of the planned change to a point of consumption (POC) tax on UK online gambling in Dec-14, competition is intensifying in this fragmented market as operators fight for scale. Affected by the transition from desktop to mobile, online gaming (c.50% of online revenue) also remains weak for many operators.
We now use sum-of-the-parts valuation: We now value LAD and WMH using SOTP (vs. PE previously), allowing us to isolate UK Retail from the rest of the businesses. We apply a 5.5x EBITDA multiple to UK Retail (in line with previous trough multiples), and a 14x multiple to Online. We also use our FY15 forecasts vs. FY14 previously. On this basis, our LAD price target moves to 95p (from 140p; we forecast a 19% fall in LAD’s EPS in FY15 vs. FY14). Our WMH price target moves to 340p (from 360p), both Jan-15 from Nov-14). We continue to value PWL on a PE basis, and our Jan-15 (was Nov-14) price target moves to €63 (from €59), based on a 25% PE premium to the gaming subsector and our FY15 forecasts."
Some restrictions on gaming machines are likely: Following the increased focus from the opposition on the issue of gaming machines regulation, we think that the government is now more likely to impose some restrictions. While there could be some protection for the industry (as a significant employer, and financial supporter of UK horse racing), we think that lobbying power is limited. Restrictions could come as early as spring 2014 (as the Prime Minister mentioned in the House of Commons), but are more likely to come in the autumn, after the outcome of the Responsible Gambling Trust’s study into the possible link between gaming machines and problem gambling is known.
We have analysed the impact of a restriction on maximum stakes. Campaigners against the machines often cite the amount that it is possible to lose on the machines (theoretically £300/minute, although this is often misrepresented). We see B2 game stakes (current max £100) as an easy target, not least as this could be done from within existing legislation. We have based our analysis on a reduction in the max stake to £20, which we think could reduce gaming machine revenue by 15%. Assuming some offset from "lost" revenue moving online, our scenario suggests 39% downside to our FY15 EPS forecast for LAD, 13% downside for WMH and a broadly neutral impact for PWL. Over time, we think that LAD and WMH could also have to close a significant proportion of their shops, as we think that the bottom 20% of the shops would be lossmaking in our scenario (vs. 10% currently), and a further 20% only marginally profitable.
Increased regulatory risk comes on top of existing industry headwinds: Slowing gaming machine growth is putting pressure on UK Retail profitability. After a decade of strong growth, gaming machines (50% of UK Retail revenue) are maturing. This is putting pressure on top line growth in UK Retail, (as OTC betting is in gentle decline) and so on per-shop profitability.
Intensifying competition in UK Online. Ahead of the planned change to a point of consumption (POC) tax on UK online gambling in Dec-14, competition is intensifying in this fragmented market as operators fight for scale. Affected by the transition from desktop to mobile, online gaming (c.50% of online revenue) also remains weak for many operators.
We now use sum-of-the-parts valuation: We now value LAD and WMH using SOTP (vs. PE previously), allowing us to isolate UK Retail from the rest of the businesses. We apply a 5.5x EBITDA multiple to UK Retail (in line with previous trough multiples), and a 14x multiple to Online. We also use our FY15 forecasts vs. FY14 previously. On this basis, our LAD price target moves to 95p (from 140p; we forecast a 19% fall in LAD’s EPS in FY15 vs. FY14). Our WMH price target moves to 340p (from 360p), both Jan-15 from Nov-14). We continue to value PWL on a PE basis, and our Jan-15 (was Nov-14) price target moves to €63 (from €59), based on a 25% PE premium to the gaming subsector and our FY15 forecasts."
david lucas - 21 Jan 2014 12:11 - 262 of 472
Good post Harrycat. Think it confirms the 340 level
Dil
- 22 Jan 2014 02:34
- 263 of 472
Did well out of these but sold out and switched into online only operators.
Absolute crap compared to William Hill but thats where the growth is.
Absolute crap compared to William Hill but thats where the growth is.
Dil
- 22 Jan 2014 02:37
- 264 of 472
... wouldn't touch betfair with a bargepole ... it's buying revenue to boost it's result but my best guess is margins are falling and profit.
jimmy b
- 22 Jan 2014 10:46
- 265 of 472
Big fall now !
HARRYCAT
- 22 Jan 2014 10:48
- 266 of 472
Chris Carson
- 22 Jan 2014 11:01
- 267 of 472
Chris Carson
- 22 Jan 2014 11:03
- 268 of 472
Chris Carson
- 22 Jan 2014 11:18
- 269 of 472
Daily chart mirroring UKX if UKX bounces and WMH doesn't I'm outa here. Watching.
Chris Carson
- 23 Jan 2014 10:18
- 270 of 472
For now anyway, support holding and matching brokers recommendation above. Time will tell if 340p is fair value or not.
goldfinger
- 23 Jan 2014 10:37
- 271 of 472
Dropping like UTD down the table.
skinny
- 23 Jan 2014 10:48
- 272 of 472
Not that fast! :-)
jimmy b
- 23 Jan 2014 15:45
- 273 of 472
One of the few blue on my list !
Chris Carson
- 24 Jan 2014 10:40
- 274 of 472
Stopped out jimmy @ 339.0 - 26.9
Article in local rag re-gaming machines in betting shops, doesn't help.
Article in local rag re-gaming machines in betting shops, doesn't help.
Chris Carson
- 24 Jan 2014 23:14
- 275 of 472
MARKET REPORT: Gambling on the High Street bookies as crunch time for high stakes betting machines beckons
By ROGER BAIRD
PUBLISHED: 22:31, 24 January 2014 | UPDATED: 22:31, 24 January 2014
0 View
comments
Investors know the next few months will be a crunch time for the future of high stakes betting machines for firms such as Ladbrokes and William Hill.
These machines are likened to crack cocaine and allow punters to wager up to £100 every 20 seconds on games such as roulette. Critics like anti-gambling charities and the Labour party say these machines exploit problem gamblers in the poorest parts of the country.
Bookmakers deny there is any link between addictive gambling and these machines. They add that these higher stake machines were first brought in after the Labour government relaxed rules in 2001.
Since then these machines have grown to contribute a significant proportion of bookmaker’s sales.
MARKET REPORT: Gambling on the High Street bookies as crunch time for high stakes betting machines beckons
Ladbrokes, up 1.9p to 152.6p, says it will take up around 38 per cent of net revenue this year, while William Hill, down 5.9p at 336.9p, says it will contribute 29 per cent to sales in 2014.
In March trade body the Association of British Bookmakers will attempt to head off some of this criticism by introducing a tougher code of conduct governing the 33,000 fixed odds betting machines in the UK, which generate £1.5billion in annual sales.
More...
Share dealing: £12.50 flat-fee with low cost dividend reinvestment. Find out more
INVESTMENT EXTRA: Don't hang up on your Vodafone stake
The industry code will include longer delays between starting a new game, staff training to identify problem gamblers and removing cash machines from betting shops.
However, Labour has called for stronger action. It wants local councils to have the power to veto new betting shops in their area, and a cut in the number of machines allowed in each bookie (currently the maximum is four). Other charities have gone further and called for the maximum stake a punter can make to come down from £100 to as little as £2.
Labour lost a Commons vote on its proposals earlier this month by 314 votes to 232. However, the coalition government admitted it was looking hard at the growth of these machines.
Culture Minister Helen Grant said: ‘There is no green light for these machines. Their future is unresolved pending the research we have started.’
Analysts at Investec describe cutting maximum bets from £100 to £2 as ‘the ugly’ option, which could slice up to £150million off betting machines sales.
The broker says that beyond 2014 the future for the betting machine industry is ‘opaque.’ However, its best guess is that limited government regulation maybe added to what the industry plans to bring in. Investec concludes this will leave William Hill in a strong ‘buy’ position, but retains its ‘sell’ on Ladbrokes, which also has to contend with an underperforming online business.
The FTSE 100 fell 109.54 points to 6663.74 as Britain’s top shares sank to five-week low, with stocks exposed to emerging markets suffering the biggest losses, knocked by a rout in Latin American currencies. It was the lowest close for the blue-chip index since December 20.
On Wall Street the Dow Jones Industrial Average fell 100.02 points to 16,097.33 in early trading as the a sell-off of emerging market currencies also hit the world’s largest economy.
Back in London, Aberdeen Asset Management shed 24.1p to 397.3p, the FTSE 100’s top faller, after Morgan Stanley downgraded the shares to ‘underweight’ from ‘equalweight’. The broker cited worsening fund performance and challenging emerging-market fundamentals.
While rival Ashmore was among the steepest FTSE 250 midcap decliners, off 18.2p at 325.8p, suffering from their heavy exposure to emerging markets after Argentina’s central bank gave up its battle against the currency’s decline. The Mexican peso and a number of Asian currencies also suffered.
Credit checking firm Experian slipped 52p to 1,072p, brewer SABMiller fell 89p to 2,889p, while bank HSBC was down 13.1p to 645.9p. All three firms have a large exposure to Latin America.
Retailer Sports Direct lifted 2p to 708p following reports the group has begun talks with Debenhams following last week’s news of a complex share transaction. The department stores group eased 2.05p to 76.6p.
City broker Charles Stanley, up 8.5p to 510p, said revenues rose 18 per cent in the three months to December with funds under management up 13.4 per cent in the nine months to £20.1billion.
But Square Mile rival Close Brothers was down 29p to 1,307p, even after it said its loan book increased 4 per cent to £4.8billion over the last six months.
- Shares in e-Therapeutics tumbled nearly 16 per cent after the Oxford-based biotech firm said it was suspending recruitment for cancer treatment trials because of problems storing the drug during the test period. The drug firm said patients already testing its ETS2101 brain cancer treatment would continue the programme, but the firm would not take on new recruits until further notice. e-Therapeutics said it had informed the relevant regulators and hopes to re-start the full programme ‘as soon as possible’.
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Read more: http://www.dailymail.co.uk/money/markets/article-2545573/MARKET-REPORT-Gambling-High-Street-bookies-crunch-time-high-stakes-betting-machines-beckons.html#ixzz2rMQJBC00
Follow us: @MailOnline on Twitter | DailyMail on Facebook
By ROGER BAIRD
PUBLISHED: 22:31, 24 January 2014 | UPDATED: 22:31, 24 January 2014
0 View
comments
Investors know the next few months will be a crunch time for the future of high stakes betting machines for firms such as Ladbrokes and William Hill.
These machines are likened to crack cocaine and allow punters to wager up to £100 every 20 seconds on games such as roulette. Critics like anti-gambling charities and the Labour party say these machines exploit problem gamblers in the poorest parts of the country.
Bookmakers deny there is any link between addictive gambling and these machines. They add that these higher stake machines were first brought in after the Labour government relaxed rules in 2001.
Since then these machines have grown to contribute a significant proportion of bookmaker’s sales.
MARKET REPORT: Gambling on the High Street bookies as crunch time for high stakes betting machines beckons
Ladbrokes, up 1.9p to 152.6p, says it will take up around 38 per cent of net revenue this year, while William Hill, down 5.9p at 336.9p, says it will contribute 29 per cent to sales in 2014.
In March trade body the Association of British Bookmakers will attempt to head off some of this criticism by introducing a tougher code of conduct governing the 33,000 fixed odds betting machines in the UK, which generate £1.5billion in annual sales.
More...
Share dealing: £12.50 flat-fee with low cost dividend reinvestment. Find out more
INVESTMENT EXTRA: Don't hang up on your Vodafone stake
The industry code will include longer delays between starting a new game, staff training to identify problem gamblers and removing cash machines from betting shops.
However, Labour has called for stronger action. It wants local councils to have the power to veto new betting shops in their area, and a cut in the number of machines allowed in each bookie (currently the maximum is four). Other charities have gone further and called for the maximum stake a punter can make to come down from £100 to as little as £2.
Labour lost a Commons vote on its proposals earlier this month by 314 votes to 232. However, the coalition government admitted it was looking hard at the growth of these machines.
Culture Minister Helen Grant said: ‘There is no green light for these machines. Their future is unresolved pending the research we have started.’
Analysts at Investec describe cutting maximum bets from £100 to £2 as ‘the ugly’ option, which could slice up to £150million off betting machines sales.
The broker says that beyond 2014 the future for the betting machine industry is ‘opaque.’ However, its best guess is that limited government regulation maybe added to what the industry plans to bring in. Investec concludes this will leave William Hill in a strong ‘buy’ position, but retains its ‘sell’ on Ladbrokes, which also has to contend with an underperforming online business.
The FTSE 100 fell 109.54 points to 6663.74 as Britain’s top shares sank to five-week low, with stocks exposed to emerging markets suffering the biggest losses, knocked by a rout in Latin American currencies. It was the lowest close for the blue-chip index since December 20.
On Wall Street the Dow Jones Industrial Average fell 100.02 points to 16,097.33 in early trading as the a sell-off of emerging market currencies also hit the world’s largest economy.
Back in London, Aberdeen Asset Management shed 24.1p to 397.3p, the FTSE 100’s top faller, after Morgan Stanley downgraded the shares to ‘underweight’ from ‘equalweight’. The broker cited worsening fund performance and challenging emerging-market fundamentals.
While rival Ashmore was among the steepest FTSE 250 midcap decliners, off 18.2p at 325.8p, suffering from their heavy exposure to emerging markets after Argentina’s central bank gave up its battle against the currency’s decline. The Mexican peso and a number of Asian currencies also suffered.
Credit checking firm Experian slipped 52p to 1,072p, brewer SABMiller fell 89p to 2,889p, while bank HSBC was down 13.1p to 645.9p. All three firms have a large exposure to Latin America.
Retailer Sports Direct lifted 2p to 708p following reports the group has begun talks with Debenhams following last week’s news of a complex share transaction. The department stores group eased 2.05p to 76.6p.
City broker Charles Stanley, up 8.5p to 510p, said revenues rose 18 per cent in the three months to December with funds under management up 13.4 per cent in the nine months to £20.1billion.
But Square Mile rival Close Brothers was down 29p to 1,307p, even after it said its loan book increased 4 per cent to £4.8billion over the last six months.
- Shares in e-Therapeutics tumbled nearly 16 per cent after the Oxford-based biotech firm said it was suspending recruitment for cancer treatment trials because of problems storing the drug during the test period. The drug firm said patients already testing its ETS2101 brain cancer treatment would continue the programme, but the firm would not take on new recruits until further notice. e-Therapeutics said it had informed the relevant regulators and hopes to re-start the full programme ‘as soon as possible’.
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cynic
- 29 Jan 2014 11:07
- 276 of 472
have bitten the bullet on this little turncoat ..... since it's horrid tumble, it shows no sign of being able to building a support above 340
jimmy b
- 29 Jan 2014 16:18
- 277 of 472
Anyone want to bet on 3 quid here ? excuse the pun..
HARRYCAT
- 29 Jan 2014 16:32
- 278 of 472
.
jimmy b
- 29 Jan 2014 16:33
- 279 of 472
I'm not a chartest HARRY .
HARRYCAT
- 29 Jan 2014 16:37
- 280 of 472
Not sure I can read this one with any accuracy. Just interested to see if 300p was an obvious support level. Think once it goes below 340p with any momentum then .......280p?
skinny
- 29 Jan 2014 16:42
- 281 of 472
I bit the bullet on this dog @343.
Chris Carson
- 29 Jan 2014 21:10
- 282 of 472
They seem to be their own worst enemy at the moment, regarding football odds anyway. Offering 6/1 Aquiro 1st goalscorer and City win against Spurs tonight. Considering Aquiro scores every game he plays no brainer. :O)
goldfinger
- 29 Jan 2014 21:50
- 283 of 472
COULD be at support level looking at longer term chart over 3 years. Note right on 100% Fibonnaci retracement, but does fundies rule here ie, the gaming machines.
;EMA(50);EMA(200);Fibonnaci(100)&IND=VOLMA(60);MTM(6,6);ADX(14);MACD(26,12,9);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
Chris Carson
- 29 Jan 2014 21:55
- 284 of 472
I think America could be their saviour GF reading posts from accross the road. I may get back in tomorrow well overdone imo.
Chris Carson
- 29 Jan 2014 21:57
- 285 of 472
Target initially 400.0 to close the gap.
goldfinger
- 29 Jan 2014 22:04
- 286 of 472
Looks tempting Chris but the broader market will stop me from trading until I see it settle down.
goldfinger
- 30 Jan 2014 08:40
- 287 of 472
Anybody had the balls to go long? it is blue at the moment.
jimmy b
- 30 Jan 2014 08:58
- 288 of 472
No not yet , the threat of legislation re the machines plus a dodgy market .
goldfinger
- 30 Jan 2014 09:37
- 289 of 472
Turned red Jimmy.
This market is dodgy at the moment.
So volatile either way. If I had the time id be shorting some stocks but you need to be at the PC all day with this kind of volatility.
This market is dodgy at the moment.
So volatile either way. If I had the time id be shorting some stocks but you need to be at the PC all day with this kind of volatility.
jimmy b
- 30 Jan 2014 09:44
- 290 of 472
Yup i think this has 3 quid on it . Bloody Milliband ! ,will they really try and limit these machines ,think of the tax they make .
Chris Carson
- 05 Feb 2014 16:54
- 291 of 472
Chris Carson
- 05 Feb 2014 16:56
- 292 of 472
Limit Buy on spreads triggered today @ 341p tight stop.
Credit Suisse outperform 341 445 reiterates.
Jefferies Buy 342 530 retains.
Credit Suisse outperform 341 445 reiterates.
Jefferies Buy 342 530 retains.
Chris Carson
- 07 Feb 2014 13:56
- 293 of 472
Stop to entry for risk free trade.
Chris Carson
- 20 Feb 2014 08:24
- 294 of 472
Went long (insanity) @ 351.3 (SB) on gap up at open. Tight stop. Initial target 380p
cynic
- 20 Feb 2014 11:39
- 295 of 472
hindsight says should have sat tight or bought at 330 :-)
i'm sure many will say that is exactly what they did!
i'm sure many will say that is exactly what they did!
skinny
- 20 Feb 2014 11:41
- 296 of 472
This is on my list of 'shares never to touch again' - bloody dog.
HARRYCAT
- 20 Feb 2014 11:48
- 297 of 472
Goldman Sachs note:
"Scenario analysis of possible regulatory outcomes suggests Ladbrokes impacted the most given high UK retail exposure We thus see a wide range of regulatory outcomes as possible, from interruptions in play (e.g. periodic warnings) to more material regulatory outcomes, such as a maximum stake reduction, either as a consequence of RGT recommendations or because the government takes “precautionary” action. We ran a scenario analysis of more material regulatory outcomes and see maximum stake reductions to £50 or £20 as possible; however, we reflect a number of key assumptions in these scenarios, including: 1) player duration increasing, 2) some substitution of lower machine spend to over the counter betting, and 3) bookmakers closing a tail end of unprofitable shops. Considering a £20 maximum stake, we forecast 2015 EPS declines of 37%, 12% and 4% for Ladbrokes, William Hill and Paddy Power, respectively (and 2015E UK Retail EBIT/shop declining 22%-33%).
12m PTs partly reflect possible regulation: Ladbrokes still Sell (20% downside); William Hill (+18%) and Paddy Power (+15%) up to Buy We analysed valuation sensitivities and even in a £20 max stake scenario see upside potential of 12% for William Hill and 13% for Paddy Power; Ladbrokes’ high UK retail exposure (81% 2015E EBIT vs. William Hill 45% and Paddy Power 16%) implies 32% downside. Owing to regulatory uncertainty, we reflect 50% of the potential impact of this scenario in our 12m SOTPbased price targets. Given upside to William Hill (18%, 12m price target now 410p) and Paddy Power (15%, 12m price target now €67, also reflecting changes in our target multiples) we upgrade both to Buy. We remain Sell on Ladbrokes (-20% downside, new 12m price target 120p). We make minor estimate changes but do not reflect the scenarios in our estimates."
"Scenario analysis of possible regulatory outcomes suggests Ladbrokes impacted the most given high UK retail exposure We thus see a wide range of regulatory outcomes as possible, from interruptions in play (e.g. periodic warnings) to more material regulatory outcomes, such as a maximum stake reduction, either as a consequence of RGT recommendations or because the government takes “precautionary” action. We ran a scenario analysis of more material regulatory outcomes and see maximum stake reductions to £50 or £20 as possible; however, we reflect a number of key assumptions in these scenarios, including: 1) player duration increasing, 2) some substitution of lower machine spend to over the counter betting, and 3) bookmakers closing a tail end of unprofitable shops. Considering a £20 maximum stake, we forecast 2015 EPS declines of 37%, 12% and 4% for Ladbrokes, William Hill and Paddy Power, respectively (and 2015E UK Retail EBIT/shop declining 22%-33%).
12m PTs partly reflect possible regulation: Ladbrokes still Sell (20% downside); William Hill (+18%) and Paddy Power (+15%) up to Buy We analysed valuation sensitivities and even in a £20 max stake scenario see upside potential of 12% for William Hill and 13% for Paddy Power; Ladbrokes’ high UK retail exposure (81% 2015E EBIT vs. William Hill 45% and Paddy Power 16%) implies 32% downside. Owing to regulatory uncertainty, we reflect 50% of the potential impact of this scenario in our 12m SOTPbased price targets. Given upside to William Hill (18%, 12m price target now 410p) and Paddy Power (15%, 12m price target now €67, also reflecting changes in our target multiples) we upgrade both to Buy. We remain Sell on Ladbrokes (-20% downside, new 12m price target 120p). We make minor estimate changes but do not reflect the scenarios in our estimates."
Chris Carson
- 20 Feb 2014 12:55
- 298 of 472
Just a wee punt :O) Final 28th.
jimmy b
- 20 Feb 2014 16:56
- 299 of 472
Results will be good Chris ,it's all the rest of the rubbish that the p...k Milliband started that could curb any big rises ,take a profit and out is my motto here ..
Chris Carson
- 20 Feb 2014 17:01
- 300 of 472
Agree jimmy.
skinny
- 21 Feb 2014 09:44
- 301 of 472
Barclays Capital Equal weight 353.95 356.20 420.00 375.00 Reiterates
jimmy b
- 21 Feb 2014 09:49
- 302 of 472
I don't agree this is a dog skinny ,i got stopped out in Dec because of that stuttering p...k Milliband ,their results are likely to be good but the share price will remain subdued because of the threat of legislation ,still think it's good for 20 or 30p rise myself.
skinny
- 21 Feb 2014 09:51
- 303 of 472
Your probably right - it's not for me though.
skinny
- 23 Feb 2014 11:19
- 304 of 472
Adverts bonanza as betting giants spend millions in race for customers
Betting companies are fuelling an advertising boom by spending millions of pounds as they rush to grab market share before a new tax comes into force later this year.
The ‘point of consumption’ tax means that even companies based in foreign tax havens will have to be licensed and taxed by the UK if they have British customers.
Companies that moved abroad to pay zero or 1 per cent tax will have to fork out 15 per cent tax on gross profits from December 1, which will cost the industry £300million a year.
Betting companies are fuelling an advertising boom by spending millions of pounds as they rush to grab market share before a new tax comes into force later this year.
The ‘point of consumption’ tax means that even companies based in foreign tax havens will have to be licensed and taxed by the UK if they have British customers.
Companies that moved abroad to pay zero or 1 per cent tax will have to fork out 15 per cent tax on gross profits from December 1, which will cost the industry £300million a year.
Chris Carson
- 24 Feb 2014 11:03
- 305 of 472
Stop to entry for risk free trade.
Chris Carson
- 24 Feb 2014 11:21
- 306 of 472
Chris Carson
- 24 Feb 2014 15:00
- 307 of 472
Stop to 361.3 to lock in + 10
Chris Carson
- 25 Feb 2014 10:46
- 308 of 472
Stop to 366.3 to lock in + 15
Chris Carson
- 26 Feb 2014 08:12
- 309 of 472
Closed two thirds of spread bet @ 379.0 + 27.7 balance to run stop 366.3
skinny
- 28 Feb 2014 07:16
- 310 of 472
Final results
Significant strategic progress:
Increasing diversification of revenue streams with Online and Australia representing 48% of Operating profit3 and international markets increasing to 15% of net revenue
Successfully completed acquisition in April 2013 to take full control of William Hill Online
Greater investment in Online, capitalising on mobile gaming opportunity with 166% growth in mobile gaming net revenue (52 week basis +175%) and with new products and key user experience enablers introduced
williamhill.it and williamhill.es successfully increasing online market share in Italy and Spain; mobile launched in Italy and successful integration of miapuesta brand in Spain
Second home market established in Australia with completion of Sportingbet and tomwaterhouse.com acquisitions. Good progress on improvement plan with imminent launch of new sportingbet.com.au website and preparations ongoing to migrate tomwaterhouse.com onto William Hill Australia technology platform
Profitability achieved in US business in first full year of ownership
Strong net cash inflow from operating activities of £268m
Positive 2013 performance:
Group net revenue1 up 16% (52 week basis: +18%) or +12% on a 52 week underlying basis after adjusting for the introduction of Machine Games Duty (MGD) and with Operating profit3 up 1% (52 week basis +3%)
Outstanding growth in Online Sportsbook amounts wagered +30% (52 week basis: +33%) despite the Euro 2012 rollover with continued strong growth in mobile Sportsbook wagering, up 99% (52 week basis: +106%)
Strong over-the-counter (OTC) gross win margin drives growth in underlying Retail net revenue1 on 52 week basis. Operating profit3 down £15m (52 week basis: down £14m) with additional c£10m indirect tax charge to the Group following change to MGD in February 2013
William Hill US saw 47% same period growth in amounts wagered and £4.9m Operating profit3
Basic adjusted earnings per share +6% (52 week basis +7%)
Strong dividend growth, up 12% to 11.6p per share versus 10.4p in 20125
Significant strategic progress:
Increasing diversification of revenue streams with Online and Australia representing 48% of Operating profit3 and international markets increasing to 15% of net revenue
Successfully completed acquisition in April 2013 to take full control of William Hill Online
Greater investment in Online, capitalising on mobile gaming opportunity with 166% growth in mobile gaming net revenue (52 week basis +175%) and with new products and key user experience enablers introduced
williamhill.it and williamhill.es successfully increasing online market share in Italy and Spain; mobile launched in Italy and successful integration of miapuesta brand in Spain
Second home market established in Australia with completion of Sportingbet and tomwaterhouse.com acquisitions. Good progress on improvement plan with imminent launch of new sportingbet.com.au website and preparations ongoing to migrate tomwaterhouse.com onto William Hill Australia technology platform
Profitability achieved in US business in first full year of ownership
Strong net cash inflow from operating activities of £268m
Positive 2013 performance:
Group net revenue1 up 16% (52 week basis: +18%) or +12% on a 52 week underlying basis after adjusting for the introduction of Machine Games Duty (MGD) and with Operating profit3 up 1% (52 week basis +3%)
Outstanding growth in Online Sportsbook amounts wagered +30% (52 week basis: +33%) despite the Euro 2012 rollover with continued strong growth in mobile Sportsbook wagering, up 99% (52 week basis: +106%)
Strong over-the-counter (OTC) gross win margin drives growth in underlying Retail net revenue1 on 52 week basis. Operating profit3 down £15m (52 week basis: down £14m) with additional c£10m indirect tax charge to the Group following change to MGD in February 2013
William Hill US saw 47% same period growth in amounts wagered and £4.9m Operating profit3
Basic adjusted earnings per share +6% (52 week basis +7%)
Strong dividend growth, up 12% to 11.6p per share versus 10.4p in 20125
Chris Carson
- 28 Feb 2014 08:22
- 311 of 472
Stop to 380.3 to lock in + 29
HARRYCAT
- 28 Feb 2014 13:45
- 312 of 472
The broker trimmed its target price to 500p from 555p on the back of an 8% cut in forecasts in 2014 earnings before interest, tax, depreciation and amortisation to £359m and earnings per share by 10% to 29.5p.
“However we do not find a multiple of 9.3 times 2014 EBITDA particularly demanding for a brand and business with the scale of WMH and we remain buyers of the stock,” the broker told clients, adding that the balance sheet is in “good shape at 2x net debt/EBITDA to aid further expansion and revenue from outside of the UK is growing”.
Chris Carson
- 28 Feb 2014 14:47
- 313 of 472
Stop to 385.3 + 34
jimmy b
- 28 Feb 2014 14:55
- 314 of 472
Your staying in then Chris ?
Chris Carson
- 28 Feb 2014 15:16
- 315 of 472
Think it's called gambling jimmy :O) Hoping it will close gap to 400p
jimmy b
- 28 Feb 2014 15:41
- 316 of 472
415p was the best it did before the problem ,if it can get over 4 quid it could go on ,i suppose see what happens Monday.
Chris Carson
- 28 Feb 2014 16:05
- 317 of 472
Out the spreads for now @ 395.3 + 44
As you say Jimmy, see what happens on Monday.
As you say Jimmy, see what happens on Monday.
jimmy b
- 28 Feb 2014 16:14
- 318 of 472
Well done Chris.
Chris Carson
- 28 Feb 2014 16:16
- 319 of 472
Thanks jimmy.
jimmy b
- 19 Mar 2014 13:19
- 320 of 472
Short .
jimmy b
- 19 Mar 2014 13:22
- 321 of 472
Osbourne just said he will tax the hell out of the machines .
skinny
- 19 Mar 2014 13:25
- 322 of 472
Jimmy - here's what he actually said :-)
"BUDGET
13:17: Fixed odds betting terminals in bookies will now be taxed at a higher rate of 25%. "We will also extend the horserace betting levy to bookmakers who are based offshore," he adds."
"BUDGET
13:17: Fixed odds betting terminals in bookies will now be taxed at a higher rate of 25%. "We will also extend the horserace betting levy to bookmakers who are based offshore," he adds."
goldfinger
- 19 Mar 2014 15:51
- 323 of 472
Wonder if the Toffee boy as been court holding these.......... hope not.
cynic
- 19 Mar 2014 15:56
- 324 of 472
who the hell is Toffee Boy? ..... some Everton supporter or what?
Chris Carson
- 19 Mar 2014 16:11
- 325 of 472
No, sorry to disappoint you Plastic Manc. Looking to go long on the spreads cause I believe all this crap may well be priced in now. Watching.
cynic
- 19 Mar 2014 16:14
- 326 of 472
that offshore clause is interesting
i wonder if it's a forerunner of what many or even most of us think, re the likes of amazon and google and starbucks shileding their uk income from corp tax
i wonder if it's a forerunner of what many or even most of us think, re the likes of amazon and google and starbucks shileding their uk income from corp tax
Chris Carson
- 19 Mar 2014 16:15
- 327 of 472
jimmy b
- 19 Mar 2014 16:18
- 328 of 472
Well no ones getting a bonus at WH this year plus no overtime for cashiers and managers can't claim hours over the top either ,all cost cutting .
skinny
- 24 Apr 2014 15:36
- 329 of 472
Trading Update tomorrow.
skinny
- 25 Apr 2014 07:08
- 330 of 472
1st Quarter Results
Strong underlying growth but football results impact margins
Key highlights
· Continued outstanding growth in Online Sportsbook turnover, up 39% with mobile up 78%
· Gross win margin performance hit by two substantial loss-making weeks driven by football results
· Strong Online gaming net revenue growth, up 16%, benefiting from 142% growth in mobile
· Largely completed roll-out of Eclipse gaming machines into half the Retail estate
· Improving Australia KPIs with unique actives +22%, new accounts +8% and cost per acquisition -11%
· Strong US performance with wagering +23% and Operating profit4 up 188%
· Mobile Sportsbook and Casino launched in Italy
Strong underlying growth but football results impact margins
Key highlights
· Continued outstanding growth in Online Sportsbook turnover, up 39% with mobile up 78%
· Gross win margin performance hit by two substantial loss-making weeks driven by football results
· Strong Online gaming net revenue growth, up 16%, benefiting from 142% growth in mobile
· Largely completed roll-out of Eclipse gaming machines into half the Retail estate
· Improving Australia KPIs with unique actives +22%, new accounts +8% and cost per acquisition -11%
· Strong US performance with wagering +23% and Operating profit4 up 188%
· Mobile Sportsbook and Casino launched in Italy
Claret Dragon
- 25 Apr 2014 07:15
- 331 of 472
"Gross win margin performance hit by two substantial loss-making weeks driven by football results"
I know it wasn't me.
I know it wasn't me.
skinny
- 25 Apr 2014 09:29
- 332 of 472
Investec Buy 338.45 490.00 490.00 Retains
Deutsche Bank Buy 338.45 435.00 435.00 Retains
Deutsche Bank Buy 338.45 435.00 435.00 Retains
skinny
- 25 Apr 2014 10:13
- 333 of 472
Numis Buy 342.40 333.10 500.00 500.00 Reiterates
Goodbody Hold 341.20 333.10 - - Reiterates
Goodbody Hold 341.20 333.10 - - Reiterates
Chris Carson
- 25 Apr 2014 11:46
- 334 of 472
Worth a punt skinny, long on the spreads @ 340.40
HARRYCAT
- 25 Apr 2014 11:58
- 335 of 472
Just heard that WMH are now going to close 150 high street shops due to the new rules on fixed odds betting machines, which is good and bad I suppose. Less staff to pay but less revenue from punters who can lose/bet £100 every 20 seconds!
skinny
- 25 Apr 2014 12:04
- 336 of 472
I saw William Hill to close 109 shops after duty rise earlier - which is why I bought.
jimmy b
- 25 Apr 2014 12:06
- 337 of 472
See my post 328 ,, they are cost cutting in all ways because of the new tax on machines.
Chris Carson
- 25 Apr 2014 16:47
- 338 of 472
I bought cause chart looking positive if it can get above 350.0 can see 380.0 as initial target.
goldfinger
- 25 Apr 2014 17:08
- 339 of 472
Chris, why dont you post a few more of your charts on the chart thread, they are always very interesting.
Would be appreciated.
cheers gf
Would be appreciated.
cheers gf
Chris Carson
- 25 Apr 2014 17:16
- 340 of 472
Never sure whether you are serious or taking the pxsx GF :O)
goldfinger
- 26 Apr 2014 00:10
- 341 of 472
Very Serious Chris. Just because we have a Jack The Lad relationship on soccer (sometimes politics) doesnt mean I dont respect you.
I know myself I can be difficult to weigh up at times. (diabetics doesnt help this)
Beleve me I certainly do as with most on this board. And true I do burn hot and cold but hold no malicious grudge against you.
It would be very interesting if you could explain your brand of TA especially the layover indicators(seem to be a one off on these on MAM) and why you have gone in for a certain Trade at any time.
You dont have to put down just your buys either.
If you have your eye on a juicy stock let the thread know and explain your keeping a watch on its activity.
Would be great to see you posting your ideas and buys on that thread.
cheers gf.
(copied to chart thread)
I know myself I can be difficult to weigh up at times. (diabetics doesnt help this)
Beleve me I certainly do as with most on this board. And true I do burn hot and cold but hold no malicious grudge against you.
It would be very interesting if you could explain your brand of TA especially the layover indicators(seem to be a one off on these on MAM) and why you have gone in for a certain Trade at any time.
You dont have to put down just your buys either.
If you have your eye on a juicy stock let the thread know and explain your keeping a watch on its activity.
Would be great to see you posting your ideas and buys on that thread.
cheers gf.
(copied to chart thread)
Chris Carson
- 26 Apr 2014 01:55
- 342 of 472
LUCK GF, pure and simple :O) Trust me I am no chartist, to lazy to learn Fibonaci (thought it was Italian for lying) or pitchforks and all the rest of the gobldy gook. Maybe I should. I just try and keep it simple, stick to a few stocks that I have traded in the past.
You gave me the tools a few years ago, if you remember. They are all on the your Chart Thread, the indicators I use are no different to the ones you use. Volume, RSI, MACD, Slow Stoch (I haven't got a clue what Slow Stoch means, but if it's pointing up like the rest of them, it does for me :O)
25, 50, 200 day moving averages and lastly SAR cause it looks pretty.
Once all those above are pointing up from an oversold position I enter the trade, usually a spread bet, once the trade is ten pips in profit move stop to entry for a risk free trade. If trade goes against me ten pips get out quick.
To find trades I look one month maybe two ahead, look for stocks reporting interim, full results or going ex-dividend. Look at 5 year, 1 year and last six months chart for history and direction.
So GF no mystery, I am not a serious trader like yourself, I just dabble as a hobby.
You gave me the tools a few years ago, if you remember. They are all on the your Chart Thread, the indicators I use are no different to the ones you use. Volume, RSI, MACD, Slow Stoch (I haven't got a clue what Slow Stoch means, but if it's pointing up like the rest of them, it does for me :O)
25, 50, 200 day moving averages and lastly SAR cause it looks pretty.
Once all those above are pointing up from an oversold position I enter the trade, usually a spread bet, once the trade is ten pips in profit move stop to entry for a risk free trade. If trade goes against me ten pips get out quick.
To find trades I look one month maybe two ahead, look for stocks reporting interim, full results or going ex-dividend. Look at 5 year, 1 year and last six months chart for history and direction.
So GF no mystery, I am not a serious trader like yourself, I just dabble as a hobby.
Chris Carson
- 28 Apr 2014 13:03
- 343 of 472
Stop to entry for risk free trade.
HARRYCAT
- 29 Apr 2014 08:22
- 344 of 472
Ex-divi wed 30th Apr (7.9p)
skinny
- 30 Apr 2014 14:39
- 345 of 472
Just closed here +20 + the dividend - all yours Chris.
Balerboy
- 30 Apr 2014 14:53
- 346 of 472
going well today, pity i missed it.,.
Chris Carson
- 30 Apr 2014 15:00
- 347 of 472
Nice one skinny. Sticking in for 380.0.
goldfinger
- 06 Jun 2014 15:39
- 348 of 472
Not far off breaking through the downtrend. Should be interesting watching over the coming week.
cynic
- 06 Jun 2014 15:48
- 349 of 472
would rather it didn't as hold in my sipp from 340
Chris Carson
- 06 Jun 2014 15:53
- 350 of 472
Ditto cynic. No your problem gf 'No sense of humour" :O)
goldfinger
- 06 Jun 2014 16:59
- 351 of 472
LOL.
Chris Carson
- 04 Sep 2014 22:36
- 352 of 472
Back on watch list, been trading in a range since May. Interim ex-divi date 23rd October.
Chris Carson
- 05 Sep 2014 09:05
- 353 of 472
Short on the spreads @ 352.62 target 325.00 Stop 363.07
HARRYCAT
- 05 Sep 2014 09:20
- 354 of 472
Divi is 4p. Can't imagine that will change the direction of the sp very much.. Nothing much here to interest investors, imo, but predictable trading range good for you s/b'ers.
Chris Carson
- 16 Sep 2014 15:59
- 355 of 472
Looks like it may have found support @ 340p
Just above 50DMA but on low volume. Hmm could get stopped out for nowt if carries on north.
Just above 50DMA but on low volume. Hmm could get stopped out for nowt if carries on north.
Chris Carson
- 18 Sep 2014 17:36
- 356 of 472
Stopped out today. Back on watch list.
goldfinger
- 24 Sep 2014 08:57
- 357 of 472
WMH William Hill broken out of a bullish Triangle pattern, went long first thing.
goldfinger
- 25 Sep 2014 14:01
- 358 of 472
WMH Broker Views.....
Date Company Name Broker Rec. Price Old target price New target price Notes
18 Sep 14 William Hill PLC Credit Suisse Outperform 374.90 395.00 370.00 Reiterates
04 Sep 14 William Hill PLC Barclays Capital Equal weight 374.90 400.00 400.00 Reiterates
11 Aug 14 William Hill PLC Exane BNP Paribas Outperform 374.90 390.00 390.00 Reiterates
05 Aug 14 William Hill PLC JP Morgan Cazenove Underweight 374.90 340.00 345.00 Reiterates
05 Aug 14 William Hill PLC Nomura Buy 374.90 479.00 448.00 Retains
04 Aug 14 William Hill PLC Canaccord Genuity Hold 374.90 350.00 350.00 Reiterates
04 Aug 14 William Hill PLC Credit Suisse Outperform 374.90 395.00 395.00 Reiterates
04 Aug 14 William Hill PLC Beaufort Securities Buy 374.90 - - Reiterates
01 Aug 14 William Hill PLC Davy Research Neutral 374.90 - - Reiterates
01 Aug 14 William Hill PLC Numis Buy 374.90 500.00 500.00 Reiterates
29 Jul 14 William Hill PLC Deutsche Bank Buy 374.90 435.00 415.00 Retains
Date Company Name Broker Rec. Price Old target price New target price Notes
18 Sep 14 William Hill PLC Credit Suisse Outperform 374.90 395.00 370.00 Reiterates
04 Sep 14 William Hill PLC Barclays Capital Equal weight 374.90 400.00 400.00 Reiterates
11 Aug 14 William Hill PLC Exane BNP Paribas Outperform 374.90 390.00 390.00 Reiterates
05 Aug 14 William Hill PLC JP Morgan Cazenove Underweight 374.90 340.00 345.00 Reiterates
05 Aug 14 William Hill PLC Nomura Buy 374.90 479.00 448.00 Retains
04 Aug 14 William Hill PLC Canaccord Genuity Hold 374.90 350.00 350.00 Reiterates
04 Aug 14 William Hill PLC Credit Suisse Outperform 374.90 395.00 395.00 Reiterates
04 Aug 14 William Hill PLC Beaufort Securities Buy 374.90 - - Reiterates
01 Aug 14 William Hill PLC Davy Research Neutral 374.90 - - Reiterates
01 Aug 14 William Hill PLC Numis Buy 374.90 500.00 500.00 Reiterates
29 Jul 14 William Hill PLC Deutsche Bank Buy 374.90 435.00 415.00 Retains
skinny
- 21 Oct 2014 07:38
- 359 of 472
Interim Management Statement
Key highlights of the quarter
Group net revenue1 up 23% and operating profit2 up 89%
Online operating profit2 up 126%, with wagering up 18% and mobile wagering up 38%
Online Gaming net revenue up 23%, with 116% growth in mobile gaming
Retail operating profit2 up 31%, driven by strong gross win margin and ongoing machine strength
Eclipse gaming machine roll-out into second half of Retail estate now underway
Continued improvement in Australia KPIs, with improved margin and operating efficiencies increasing operating profit2 substantially
Further good US wagering growth up 21%, with mobile growth up 88%
Continued commitment to responsible gambling: William Hill Founder Member of The Senet Group
Key highlights of the quarter
Group net revenue1 up 23% and operating profit2 up 89%
Online operating profit2 up 126%, with wagering up 18% and mobile wagering up 38%
Online Gaming net revenue up 23%, with 116% growth in mobile gaming
Retail operating profit2 up 31%, driven by strong gross win margin and ongoing machine strength
Eclipse gaming machine roll-out into second half of Retail estate now underway
Continued improvement in Australia KPIs, with improved margin and operating efficiencies increasing operating profit2 substantially
Further good US wagering growth up 21%, with mobile growth up 88%
Continued commitment to responsible gambling: William Hill Founder Member of The Senet Group
Chris Carson
- 22 Oct 2014 09:20
- 360 of 472
Ex-divi tomorrow 4p waiting to see how sp reacts. I thought results were good. Watching.
Chris Carson
- 22 Oct 2014 09:29
- 361 of 472
LATEST BROKER VIEWS
Date Broker New target Recomm.
22 Oct Beaufort... N/A Buy
22 Oct Barclays... N/A Equal weight
21 Oct Canaccord... 365.00 Hold
21 Oct Panmure Gordon 500.00 Buy
20 Oct Deutsche Bank 415.00 Buy
14 Oct Credit Suisse 370.00 Outperform
13 Oct Numis 400.00 Add
9 Oct Exane BNP... 390.00 Outperform
8 Oct JP Morgan... 345.00 Underweight
26 Sep JP Morgan... 345.00 Underweight
Broker Recommendations for William Hill
Date Broker New target Recomm.
22 Oct Beaufort... N/A Buy
22 Oct Barclays... N/A Equal weight
21 Oct Canaccord... 365.00 Hold
21 Oct Panmure Gordon 500.00 Buy
20 Oct Deutsche Bank 415.00 Buy
14 Oct Credit Suisse 370.00 Outperform
13 Oct Numis 400.00 Add
9 Oct Exane BNP... 390.00 Outperform
8 Oct JP Morgan... 345.00 Underweight
26 Sep JP Morgan... 345.00 Underweight
Broker Recommendations for William Hill
goldfinger
- 24 Oct 2014 17:20
- 362 of 472
Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
goldfinger
- 24 Oct 2014 17:20
- 363 of 472
Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
goldfinger
- 24 Oct 2014 17:20
- 364 of 472
Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
goldfinger
- 24 Oct 2014 17:20
- 365 of 472
Tell you what Cynic lets trash this thread now like you and the boys have trashed the chart thread, lets all have a bit of fun.........
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
aldwickk View aldwickk's profile - 24 Oct 2014 12:21 - 2232 of 2235
Been headhunted aswel Zak Mir ...Tips TV, Jim Mellon....T1PS, Tom Winnifrith......shareprophets/Clem Chambers, iii have all asked if I was available to do a piece/column for them.
Under what name ? You have so many to choose from
goldfinger Send an email to goldfinger View goldfinger's profile - 24 Oct 2014 12:29 - 2233 of 2235 edit this post
Whats your point alders?
doodlebug4 - 24 Oct 2014 12:32 - 2234 of 2235
Lol, aldwickk! That's a very good point - rumour is that it's going to be WalterMitty.
cynic Send an email to cynic View cynic's profile - 24 Oct 2014 12:42 - 2235 of 2235
i like dd4 .... let's hope sticky doesn't get the hump at that jolly jape
looks like a very subdued day all round .... i suspect ev dow will be range bound between about 16,600 and 16,700, or 16,750 at a push
Chris Carson
- 01 Dec 2014 05:59
- 366 of 472
On watch list this morning, been hammered pretty much last three months. Be interesting to see to what extent this 15% tax announced today will affect sp further. Ditto Ladbrokes. Interim due January for WMH.
Chris Carson
- 01 Dec 2014 05:59
- 367 of 472
On watch list this morning, been hammered pretty much last three months. Be interesting to see to what extent this 15% tax announced today will affect sp further. Ditto Ladbrokes. Interim due January for WMH.
Chris Carson
- 01 Dec 2014 06:00
- 368 of 472
That damn mouse again - sorry!
Chris Carson
- 01 Dec 2014 06:17
- 369 of 472
LATEST BROKER VIEWS
Date Broker New target Recomm.
28 Nov JP Morgan... 345.00 Underweight
11 Nov JP Morgan... 345.00 Underweight
4 Nov Credit Suisse 390.00 Outperform
31 Oct Deutsche Bank 415.00 Buy
30 Oct Credit Suisse 390.00 Outperform
29 Oct Nomura 448.00 Buy
28 Oct Goodbody 400.00 Buy
23 Oct JP Morgan... 345.00 Underweight
22 Oct JP Morgan... 345.00 Underweight
22 Oct Beaufort... N/A Buy
Broker Recommendations for William Hill
Date Broker New target Recomm.
28 Nov JP Morgan... 345.00 Underweight
11 Nov JP Morgan... 345.00 Underweight
4 Nov Credit Suisse 390.00 Outperform
31 Oct Deutsche Bank 415.00 Buy
30 Oct Credit Suisse 390.00 Outperform
29 Oct Nomura 448.00 Buy
28 Oct Goodbody 400.00 Buy
23 Oct JP Morgan... 345.00 Underweight
22 Oct JP Morgan... 345.00 Underweight
22 Oct Beaufort... N/A Buy
Broker Recommendations for William Hill
Chris Carson
- 01 Dec 2014 09:04
- 370 of 472
Nice bounce, dead cat?
Chris Carson
- 02 Dec 2014 10:59
- 371 of 472
Long on the spreads @ 349.0
Chris Carson
- 04 Dec 2014 08:24
- 372 of 472
Stop to entry for risk free trade.
Chris Carson
- 18 Dec 2014 08:08
- 373 of 472
Long on the spreads @ 344.86 tight stop 334.86
Chris Carson
- 18 Dec 2014 14:30
- 374 of 472
Stop to entry for risk free trade.
Chris Carson
- 23 Dec 2014 08:22
- 375 of 472
Stop to 354.86 to lock in + 10
2517GEORGE
- 23 Dec 2014 16:16
- 376 of 472
RNS-------Tight fisted git.
2517
2517
Chris Carson
- 23 Dec 2014 17:06
- 377 of 472
? George
2517GEORGE
- 23 Dec 2014 21:05
- 378 of 472
Chris----Director bought a grand total of 1373 shares to take his holding to 8520.
2517
2517
Chris Carson
- 23 Dec 2014 21:29
- 379 of 472
Aye saw that George, last of the big spenders :0)
Chris Carson
- 30 Dec 2014 10:11
- 380 of 472
If it can break 365p target 390p
Chris Carson
- 09 Jan 2015 09:49
- 381 of 472
Keeps trying. :0)
Chris Carson
- 09 Jan 2015 09:51
- 382 of 472
2517GEORGE
- 13 Jan 2015 13:15
- 383 of 472
Is it finally going to make it? Hope so cause it should help LAD.
2517
2517
Chris Carson
- 13 Jan 2015 14:48
- 384 of 472
LATEST BROKER VIEWS
Date Broker New target Recomm.
13 Jan Credit Suisse 390.00 Outperform
9 Jan Credit Suisse 390.00 Outperform
7 Jan Goldman Sachs 435.00 Buy
10 Dec Credit Suisse 390.00 Outperform
5 Dec Deutsche Bank 415.00 Buy
28 Nov JP Morgan... 345.00 Underweight
11 Nov JP Morgan... 345.00 Underweight
4 Nov Credit Suisse 390.00 Outperform
31 Oct Deutsche Bank 415.00 Buy
30 Oct Credit Suisse 390.00 Outperform
Broker Recommendations for William Hill
Date Broker New target Recomm.
13 Jan Credit Suisse 390.00 Outperform
9 Jan Credit Suisse 390.00 Outperform
7 Jan Goldman Sachs 435.00 Buy
10 Dec Credit Suisse 390.00 Outperform
5 Dec Deutsche Bank 415.00 Buy
28 Nov JP Morgan... 345.00 Underweight
11 Nov JP Morgan... 345.00 Underweight
4 Nov Credit Suisse 390.00 Outperform
31 Oct Deutsche Bank 415.00 Buy
30 Oct Credit Suisse 390.00 Outperform
Broker Recommendations for William Hill
Chris Carson
- 15 Jan 2015 17:11
- 385 of 472
Latest broker views
Date
Broker
New target
Recomm.
15 Jan Credit Suisse 455.00 Outperform
Date
Broker
New target
Recomm.
15 Jan Credit Suisse 455.00 Outperform
Chris Carson
- 16 Jan 2015 17:52
- 386 of 472
LATEST BROKER VIEWS
Date Broker New target Recomm.
16 Jan Panmure Gordon 500.00 Buy
Trading update 13 weeks (Q4) Tuesday 20th Jan.
Date Broker New target Recomm.
16 Jan Panmure Gordon 500.00 Buy
Trading update 13 weeks (Q4) Tuesday 20th Jan.
Chris Carson
- 19 Jan 2015 15:31
- 387 of 472
Stop to 365 to lock in + 10 results tomorrow fingers crossed good enough to push on higher.
skinny
- 20 Jan 2015 07:41
- 388 of 472
Trading Statement
A record year for William Hill with operating profit up 11%
20 January 2015
William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the 13 weeks from 1 October 2014 to 30 December 2014 (Q4) and the unaudited 52 weeks to 30 December 2014 (full year). The reported comparator periods are the 13 weeks and 52 weeks ended 31 December 2013.
Key highlights:
Ÿ
Full-year Group net revenue up 8% and operating profit1 up 11% to c£371m
Ÿ
Continued year-on-year gaming growth in Q4 in both Online and Retail
Ÿ
Q4 sports betting revenue progression impacted by customer-friendly results
Ÿ
US profits ahead of expectations in Q4 and full-year
Ÿ
Australian quarterly profit growth benefits from positive margin swing
Ÿ
Continued commitment to responsible gambling: 'Set Your Limits' facility to be extended in January; Senet Group advertising campaign underway; and responsible gambling week planned for 26 January to 1 February 2015
A record year for William Hill with operating profit up 11%
20 January 2015
William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the 13 weeks from 1 October 2014 to 30 December 2014 (Q4) and the unaudited 52 weeks to 30 December 2014 (full year). The reported comparator periods are the 13 weeks and 52 weeks ended 31 December 2013.
Key highlights:
Ÿ
Full-year Group net revenue up 8% and operating profit1 up 11% to c£371m
Ÿ
Continued year-on-year gaming growth in Q4 in both Online and Retail
Ÿ
Q4 sports betting revenue progression impacted by customer-friendly results
Ÿ
US profits ahead of expectations in Q4 and full-year
Ÿ
Australian quarterly profit growth benefits from positive margin swing
Ÿ
Continued commitment to responsible gambling: 'Set Your Limits' facility to be extended in January; Senet Group advertising campaign underway; and responsible gambling week planned for 26 January to 1 February 2015
jimmy b
- 20 Jan 2015 08:27
- 389 of 472
Great results and down 5 % first thing ,usual shenanigans .
Are you still in Chris ?
Are you still in Chris ?
Chris Carson
- 20 Jan 2015 08:30
- 390 of 472
No stopped out jimmy. Watching.
HARRYCAT
- 11 Feb 2015 17:34
- 391 of 472
William Hill will announce its final results for the 52 weeks ended 30th December on 27th February 2015.
HARRYCAT
- 16 Feb 2015 08:00
- 392 of 472
StockMarketWire.com
888 and William Hill have terminated their talks due to a significant difference of opinion on value with a key stakeholder. 888 confirmed on 10 February that it had received an approach regarding a possible offer for the company by William Hill but that there was no certainty that any firm offer would be made nor as to the terms on which any firm offer might be forthcoming.
888 says the board and the representatives of the principal shareholder trusts, together with their respective advisers, have had a number of discussions with William Hill and its advisers concerning a possible recommended offer, valued at 200 pence plus a 3 pence dividend per share.
But it says: "Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions."
Chief executive Brian Mattingley said: "The Company is in good health and continues to trade comfortably in line with expectations. The Company will announce its full year results on 24 March 2015 and the Board of the Company looks forward to the future with confidence."
888 and William Hill have terminated their talks due to a significant difference of opinion on value with a key stakeholder. 888 confirmed on 10 February that it had received an approach regarding a possible offer for the company by William Hill but that there was no certainty that any firm offer would be made nor as to the terms on which any firm offer might be forthcoming.
888 says the board and the representatives of the principal shareholder trusts, together with their respective advisers, have had a number of discussions with William Hill and its advisers concerning a possible recommended offer, valued at 200 pence plus a 3 pence dividend per share.
But it says: "Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions."
Chief executive Brian Mattingley said: "The Company is in good health and continues to trade comfortably in line with expectations. The Company will announce its full year results on 24 March 2015 and the Board of the Company looks forward to the future with confidence."
HARRYCAT
- 27 Feb 2015 07:48
- 393 of 472
StockMarketWire.com
William Hill has booked a FY pretax profit of £233.9m, down 9% from £257.0m. Net revenue rose 8% to £1.61bn, from £1.49bn. Its dividend per share was 12.2p, form 11.6p.
CEO James Henderson said 2014 was a record year for William Hill, with good operating profit growth benefiting from the continued digital and international diversification of the company's revenue streams, and from a record-breaking World Cup performance.
"I am particularly pleased with the progress in our three strategic areas of focus: differentiation through technology; continued internationalisation; and maximising the omni-channel opportunity of Retail and Online.
"Online has delivered 21% compound annual net revenue growth since 2009 and is competitively at the leading edge in this market. Internationally, we have reshaped our Australian business and are moving it to the William Hill brand, enhancing its competitiveness in this attractive market.
"Our US operations continue to progress strongly and we are well positioned in the event of regulatory change. Retail remains resilient and, with the largest number of betting shops in the UK and as the leading UK digital operator, we are moving closer to a 'one customer' proposition to deliver a seamless experience for our customers across our channels.
"We are committed to working with the industry and the regulator to promote responsible gambling. We have put better tools in the hands of customers, increased awareness of the importance of responsible gambling and helped establish mechanisms for independent scrutiny of the industry.
"The RGT's ground-breaking research programme is an invaluable body of data and analysis, which will support what we all strive for - evidence-based decision-making.
"Excluding one significant loss-making week driven by customer-friendly football results, the sum of the remainder of the first eight weeks of Q1 2015 to 24 February 2015 has been in line with internal revenue expectations, benefiting from gross win margin growth.
Whilst inclusion of the loss-making week leaves us behind internal expectations for the period as a whole, the Board's view is that this volatility in sporting results is now a normal part of the Group's trading given the increased proportion of accumulator football betting in Online as well as Retail. Therefore, the Board remains confident in its expectations for 2015."
Key financial highlights:
· Record operating profit with continuing successful diversification: 40% of Group net revenue from our digital channels3 (2013: 36%) and 18% from international markets (2013: 15%)
· Strong net cash inflow from operating activities of £368.2m and reducing debt levels (1.4x net debt to EBITDA for covenant purposes)
Key operational highlights:
· Continued strong growth in Online Sportsbook: turnover up 28%, mobile wagering up 55% and record-breaking World Cup
· Online gaming net revenue up 17%: 117% growth in mobile driven by proprietary Vegas platform
· Strong growth in net revenue in Italy and Spain, up 39% and 64%, respectively
· Retail net revenue flat and operating profit1 down 2%, with the impact of less favourable sports results partly mitigated through effective cost control
· Australian business substantially reshaped, delivering improvements in key performance indicators, net revenue4 growth of 11% and operating profit1,4 growth of 121%
· William Hill brand launched in Australia in February 2015
· Strong US performance ahead of expectations: net revenue +31% and operating profit1 up 98%
· Significant progress in encouraging responsible gambling with implementation of ABB Code, launch of independent Senet Group, ground-breaking Responsible Gambling Trust (RGT) research and inaugural GambleAware Week
William Hill has booked a FY pretax profit of £233.9m, down 9% from £257.0m. Net revenue rose 8% to £1.61bn, from £1.49bn. Its dividend per share was 12.2p, form 11.6p.
CEO James Henderson said 2014 was a record year for William Hill, with good operating profit growth benefiting from the continued digital and international diversification of the company's revenue streams, and from a record-breaking World Cup performance.
"I am particularly pleased with the progress in our three strategic areas of focus: differentiation through technology; continued internationalisation; and maximising the omni-channel opportunity of Retail and Online.
"Online has delivered 21% compound annual net revenue growth since 2009 and is competitively at the leading edge in this market. Internationally, we have reshaped our Australian business and are moving it to the William Hill brand, enhancing its competitiveness in this attractive market.
"Our US operations continue to progress strongly and we are well positioned in the event of regulatory change. Retail remains resilient and, with the largest number of betting shops in the UK and as the leading UK digital operator, we are moving closer to a 'one customer' proposition to deliver a seamless experience for our customers across our channels.
"We are committed to working with the industry and the regulator to promote responsible gambling. We have put better tools in the hands of customers, increased awareness of the importance of responsible gambling and helped establish mechanisms for independent scrutiny of the industry.
"The RGT's ground-breaking research programme is an invaluable body of data and analysis, which will support what we all strive for - evidence-based decision-making.
"Excluding one significant loss-making week driven by customer-friendly football results, the sum of the remainder of the first eight weeks of Q1 2015 to 24 February 2015 has been in line with internal revenue expectations, benefiting from gross win margin growth.
Whilst inclusion of the loss-making week leaves us behind internal expectations for the period as a whole, the Board's view is that this volatility in sporting results is now a normal part of the Group's trading given the increased proportion of accumulator football betting in Online as well as Retail. Therefore, the Board remains confident in its expectations for 2015."
Key financial highlights:
· Record operating profit with continuing successful diversification: 40% of Group net revenue from our digital channels3 (2013: 36%) and 18% from international markets (2013: 15%)
· Strong net cash inflow from operating activities of £368.2m and reducing debt levels (1.4x net debt to EBITDA for covenant purposes)
Key operational highlights:
· Continued strong growth in Online Sportsbook: turnover up 28%, mobile wagering up 55% and record-breaking World Cup
· Online gaming net revenue up 17%: 117% growth in mobile driven by proprietary Vegas platform
· Strong growth in net revenue in Italy and Spain, up 39% and 64%, respectively
· Retail net revenue flat and operating profit1 down 2%, with the impact of less favourable sports results partly mitigated through effective cost control
· Australian business substantially reshaped, delivering improvements in key performance indicators, net revenue4 growth of 11% and operating profit1,4 growth of 121%
· William Hill brand launched in Australia in February 2015
· Strong US performance ahead of expectations: net revenue +31% and operating profit1 up 98%
· Significant progress in encouraging responsible gambling with implementation of ABB Code, launch of independent Senet Group, ground-breaking Responsible Gambling Trust (RGT) research and inaugural GambleAware Week
Chris Carson
- 27 Feb 2015 08:56
- 394 of 472
Profit taking on results. Watching chart for a bounce of 25DMA
cynic
- 27 Feb 2015 09:14
- 395 of 472
now's your chance then .... or at least sp has now slipped through 25 dma
Chris Carson
- 27 Feb 2015 09:19
- 396 of 472
Slipping through 25DMA isn't bouncing of 25DMA cynic is it. Watching.
cynic
- 27 Feb 2015 09:29
- 397 of 472
but no hurry yet, as market in general is having a steady down day
Chris Carson
- 19 Apr 2015 18:52
- 398 of 472
This Thursday 23/04 Trading Statement, the following Thursday 30/04 Ex-Divi 8.2p.
Chart isn't very inspiring. Has bounced of 370p three times since end of Feb, more solid support at 360p. Needs to turn up rapidly to be worth a punt long Target 400p.
Watching.
Chris Carson
- 19 Apr 2015 18:59
- 399 of 472
Chris Carson
- 19 Apr 2015 19:01
- 400 of 472
Latest broker views
Date
Broker
New target
Recomm.
9 Apr Barclays... 390.00 Equal weight
20 Mar JP Morgan... 400.00 Neutral
18 Mar Jefferies... 400.00 Hold
16 Mar Nomura 455.00 Buy
5 Mar Deutsche Bank 425.00 Buy
4 Mar Credit Suisse 455.00 Outperform
2 Mar Barclays... 390.00 Equal weight
2 Mar Beaufort... N/A Buy
2 Mar JP Morgan... 355.00 Underweight
27 Feb Panmure Gordon 400.00 Hold
Broker Recommendations for William Hill
Date
Broker
New target
Recomm.
9 Apr Barclays... 390.00 Equal weight
20 Mar JP Morgan... 400.00 Neutral
18 Mar Jefferies... 400.00 Hold
16 Mar Nomura 455.00 Buy
5 Mar Deutsche Bank 425.00 Buy
4 Mar Credit Suisse 455.00 Outperform
2 Mar Barclays... 390.00 Equal weight
2 Mar Beaufort... N/A Buy
2 Mar JP Morgan... 355.00 Underweight
27 Feb Panmure Gordon 400.00 Hold
Broker Recommendations for William Hill
cynic
- 19 Apr 2015 19:51
- 401 of 472
not exactly bullish
apart from generally queasy market conditions, lots of new regs and taxes to be levied on the industry
i'm glad to have banked my profits already
apart from generally queasy market conditions, lots of new regs and taxes to be levied on the industry
i'm glad to have banked my profits already
Chris Carson
- 19 Apr 2015 20:00
- 402 of 472
Correct cyners, stating the bleedin obvious as usual :o) Looks like a screaming short, who knows?
cynic
- 19 Apr 2015 20:14
- 403 of 472
imo, it's easier/better and more profitable to short the markets than specific stocks
Chris Carson
- 19 Apr 2015 20:26
- 404 of 472
I agree.
Chris Carson
- 20 Apr 2015 08:11
- 405 of 472
Chris Carson
- 21 Apr 2015 09:08
- 406 of 472
Positive start to the week so far, just needs volume to push on and get above 25 & 50DMA, lower indicators turning up.
Chris Carson
- 23 Apr 2015 07:14
- 407 of 472
First quarter operating profits at William Hill down 19%
StockMarketWire.com
StockMarketWire.com
Chris Carson
- 23 Apr 2015 07:25
- 408 of 472
WILLIAM HILL PLC Q1 2015 TRADING UPDATE
23 April 2015
William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the 13 weeks from 31 December 2014 to 31 March 2015 (Q1) (unaudited). The reported comparator period is the 13 weeks ended 1 April 2014 (Q1 2014).
Key highlights:
Ÿ
Group net revenue up 1%. Operating profit1 down £16m (-19%) following additional £20m cost from Point of Consumption Tax (POCT) and increased rate of Machines Games Duty (MGD)
Ÿ
Sports betting revenues impacted by largest ever loss-making week in January
Ÿ
Continued strong growth in mobile gaming, up 48%, to 37% of gaming net revenue
Ÿ
William Hill brand launched in Australia: migration of Sportingbet customers successfully completed
Ÿ
William Hill US continues to deliver strong wagering growth
Ÿ
Gaming machine '£50 journey' implemented as planned by 2 April 2015
Q1 summary results on a statutory basis
Retail
Online
Australia
US
Group
Sports betting amounts wagered
-4%
+16%
-22%
+42%
Gross win margin
17.6%
7.0%
10.2%
6.8%
Gross win margin change
0.0 ppts
-0.1 ppts
+1.5 ppts
-1.9 ppts
Net revenue
-2%
+9%
-11%
+10%
+1%
- OTC / Sportsbook
-4%
+11%
- Machines / Gaming
+1%
+8%
Operating profit1
-0%
-38%
-39%
+1%
-19%
23 April 2015
William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the 13 weeks from 31 December 2014 to 31 March 2015 (Q1) (unaudited). The reported comparator period is the 13 weeks ended 1 April 2014 (Q1 2014).
Key highlights:
Ÿ
Group net revenue up 1%. Operating profit1 down £16m (-19%) following additional £20m cost from Point of Consumption Tax (POCT) and increased rate of Machines Games Duty (MGD)
Ÿ
Sports betting revenues impacted by largest ever loss-making week in January
Ÿ
Continued strong growth in mobile gaming, up 48%, to 37% of gaming net revenue
Ÿ
William Hill brand launched in Australia: migration of Sportingbet customers successfully completed
Ÿ
William Hill US continues to deliver strong wagering growth
Ÿ
Gaming machine '£50 journey' implemented as planned by 2 April 2015
Q1 summary results on a statutory basis
Retail
Online
Australia
US
Group
Sports betting amounts wagered
-4%
+16%
-22%
+42%
Gross win margin
17.6%
7.0%
10.2%
6.8%
Gross win margin change
0.0 ppts
-0.1 ppts
+1.5 ppts
-1.9 ppts
Net revenue
-2%
+9%
-11%
+10%
+1%
- OTC / Sportsbook
-4%
+11%
- Machines / Gaming
+1%
+8%
Operating profit1
-0%
-38%
-39%
+1%
-19%
Claret Dragon
- 23 Apr 2015 09:50
- 409 of 472
Machines Games Duty. How complicated is that piece of legislation? Governments just cant stop tinkering. I have noticed that participation on these computerised mugging machines has decreased. At least where I waste some of Saturday mornings.
Chris Carson
- 01 Aug 2015 20:50
- 410 of 472
Watching, see how it opens on Monday, may be worth a punt leading up to Interim this Friday 7th August. Looking at the chart attempting to breach 50DMA for second time. Lower indicators moving up. Buy order (on the spreads) @ 411p if triggered initial target 430p tight stop 401p.
Chris Carson
- 01 Aug 2015 21:04
- 411 of 472
Chris Carson
- 03 Aug 2015 08:32
- 412 of 472
Down at the open, resistance 406p. Buy order now 407p same initial target stop 397p.
Chris Carson
- 05 Aug 2015 20:30
- 413 of 472
Nice move up today, fingers crossed breaches resistance tomorrow and trade filled ahead of results friday.
Chris Carson
- 06 Aug 2015 17:56
- 414 of 472
So far so good chart wise. Now down to interim results tomorrow.
Heads better than expected, tails tin hat :0)
Heads better than expected, tails tin hat :0)
Chris Carson
- 07 Aug 2015 07:08
- 415 of 472
William Hill's H1 pretax profit falls 35%
StockMarketWire.com
Looking like Tin Hat.
StockMarketWire.com
Looking like Tin Hat.
Chris Carson
- 07 Aug 2015 07:11
- 416 of 472
William Hill acquires 29.4% of NeoGames
StockMarketWire.com
StockMarketWire.com
Chris Carson
- 10 Aug 2015 17:46
- 417 of 472
200DMA providing support for now.
jimmy b
- 23 Oct 2015 08:06
- 418 of 472
Tough third quarter hits William Hill
StockMarketWire.com
William Hill has said that the operating profit for the year is expected to be at the bottom end of the current market consensus.
This follows a tough third quarter.
James Henderson, chief executive officer of William Hill, commented: "Q3 was always going to be a tough quarter given last year's World Cup and very strong gross win margin, allied to £23m of additional gambling duties this year.
"The quarter also featured weaker than expected sporting results impacting retail, the US and Australia, and the drag effect of the non-core market decline in online. "The growth in online's core markets - the UK, Italy and Spain - remains strong for both betting and gaming. Whilst good operating cost discipline has partially offset the weaker than expected results and non-core market impacts, the Board now expects full-year operating profit to be around the bottom of the analyst consensus range (£290.9m to £312.1m, company-compiled).
HARRYCAT
- 14 Jan 2016 08:09
- 419 of 472
StockMarketWire.com
William Hill said in a trading update for the 13 and 52 weeks to Dec. 29 that it sees FY operating profit of GBP290m as in line with market views, with GBP87m of additional UK gambling duties.
FY net revenue at the group level was down 1% at GBP1.59bn, with contributions from Australia, Other markets and Retail down. Others generally improved their contributions.
CEO James Henderson commented:
"I am pleased that we have delivered results in line with the market's operating profit expectations for 2015.
"Online has seen some disruption around the implementation of Project Trafalgar but we are rapidly addressing that. I am optimistic the advantages that Trafalgar gives us will drive growth, particularly as we gain flexibility and increase our ability to differentiate.
"Retail has delivered another resilient performance, our US business continues to grow strongly and I am encouraged by the performance of the William Hill brand as the growth engine of the Australian business.
"Technology remains a key pillar of our strategy and the leadership changes announced today are about building a team who will deliver product innovations and continue to ensure technology is a major competitive advantage for William Hill.
"This will allow us to further build on our brand and scale, and be best placed to compete. I would like to thank Andy for his contribution in recent years and to wish him well for the future.
"Looking forward, 2016 is an exciting year for us. With EURO2016 ahead, we will capitalise on the investments we have made on Trafalgar, the SSBTs and the William Hill brand in Australia to bring customers a differentiated and more personalised William Hill experience.
William Hill said in a trading update for the 13 and 52 weeks to Dec. 29 that it sees FY operating profit of GBP290m as in line with market views, with GBP87m of additional UK gambling duties.
FY net revenue at the group level was down 1% at GBP1.59bn, with contributions from Australia, Other markets and Retail down. Others generally improved their contributions.
CEO James Henderson commented:
"I am pleased that we have delivered results in line with the market's operating profit expectations for 2015.
"Online has seen some disruption around the implementation of Project Trafalgar but we are rapidly addressing that. I am optimistic the advantages that Trafalgar gives us will drive growth, particularly as we gain flexibility and increase our ability to differentiate.
"Retail has delivered another resilient performance, our US business continues to grow strongly and I am encouraged by the performance of the William Hill brand as the growth engine of the Australian business.
"Technology remains a key pillar of our strategy and the leadership changes announced today are about building a team who will deliver product innovations and continue to ensure technology is a major competitive advantage for William Hill.
"This will allow us to further build on our brand and scale, and be best placed to compete. I would like to thank Andy for his contribution in recent years and to wish him well for the future.
"Looking forward, 2016 is an exciting year for us. With EURO2016 ahead, we will capitalise on the investments we have made on Trafalgar, the SSBTs and the William Hill brand in Australia to bring customers a differentiated and more personalised William Hill experience.
HARRYCAT
- 24 Feb 2016 14:47
- 420 of 472
StockMarketWire.com
Investec appears to be placing its bets on bookmaker William Hill (LON:WMH) after upgrading its recommendation to add from sell, seeing potential for a short-term rally.
The broker said: "We expect news of very strong current trading in the first 7 weeks of FY16 with the 26th February prelims. With full-year operating profit pre-announced (c.GBP290m) and no further updates to Project Trafalgar since the iOS transition, we see limited downside risk.
"Upside could come via a share buyback or special dividend given the strong balance sheet, lack of recent M&A and guided FY15 net debt/EBITDA of 1.3x."
Analysts have upped their target to 404 pence a share (from 346 pence), implying a forecast total return of 8.5 per cent.
Investec appears to be placing its bets on bookmaker William Hill (LON:WMH) after upgrading its recommendation to add from sell, seeing potential for a short-term rally.
The broker said: "We expect news of very strong current trading in the first 7 weeks of FY16 with the 26th February prelims. With full-year operating profit pre-announced (c.GBP290m) and no further updates to Project Trafalgar since the iOS transition, we see limited downside risk.
"Upside could come via a share buyback or special dividend given the strong balance sheet, lack of recent M&A and guided FY15 net debt/EBITDA of 1.3x."
Analysts have upped their target to 404 pence a share (from 346 pence), implying a forecast total return of 8.5 per cent.
HARRYCAT
- 25 Jul 2016 07:51
- 421 of 472
StockMarketWire.com
William Hill confirms that over the weekend it received a highly preliminary approach from 888 and Rank regarding a potential combination of the three companies.
"The Consortium did not put forward a proposal or set out a position on price, timing, terms, form of consideration or transaction structure," William Hill said in a statement.
"The Board of William Hill would listen to and consider any proposal which might be forthcoming from the Consortium.
"However, it is not clear that a combination of William Hill with 888 and Rank will enhance William Hill's strategic positioning or deliver superior value to William Hill's strategy which is focused on increasing the Group's diversification by growing its digital and international businesses.
"As announced on Thursday, the Group will publish its half-year results for the 26 weeks to 28 June 2016 on Friday, 5 August.
"As a consequence of the announcement by the Consortium on 24 July 2016, William Hill is now considered to be in an "Offer Period" as defined by the Code. Accordingly, William Hill is required to suspend share buybacks."
William Hill confirms that over the weekend it received a highly preliminary approach from 888 and Rank regarding a potential combination of the three companies.
"The Consortium did not put forward a proposal or set out a position on price, timing, terms, form of consideration or transaction structure," William Hill said in a statement.
"The Board of William Hill would listen to and consider any proposal which might be forthcoming from the Consortium.
"However, it is not clear that a combination of William Hill with 888 and Rank will enhance William Hill's strategic positioning or deliver superior value to William Hill's strategy which is focused on increasing the Group's diversification by growing its digital and international businesses.
"As announced on Thursday, the Group will publish its half-year results for the 26 weeks to 28 June 2016 on Friday, 5 August.
"As a consequence of the announcement by the Consortium on 24 July 2016, William Hill is now considered to be in an "Offer Period" as defined by the Code. Accordingly, William Hill is required to suspend share buybacks."
HARRYCAT
- 09 Aug 2016 12:58
- 422 of 472
FT.COM - A gaming consortium formed by Rank Group and 888 have submitted a takeover offer for their larger rival William Hill that potentially values the UK bookmaker at up to £3.6bn, reports Bryce Elder, Paul McClean and Arash Massoudi.
The Rank and 888 consortium is said to have submitted a formal offer for William Hill that values the shares at 364p apiece as well as setting out merger synergies that boost the value of the proposal to 408p a share, according to two people briefed on the plans. William Hill shares were trading at 324.9p in early trading on Tuesday, down 0.8 per cent.
A tie-up between 888, Rank and William Hill would create a company with revenues of £2.7bn and earnings of £500m, making it the third-largest online betting company by revenues.
Spokespersons for William Hill, 888 and Rank declined to comment.
Online bookie 888 confirmed last month that as part of a consortium with Rank Group, the owner of Grosvenor Casinos and Mecca Bingo, it was weighing up an offer for William Hill. The deal would mark a stark turn of events, after William Hill tried and failed to acquire 888 in a £700m deal last year.
The approach from 888 and Rank is driven by a desire to gain greater scale to help absorb the costs from tougher regulation and higher taxes. For William Hill, a merger with the two groups would give it much-needed access to 888’s online platforms and technological capabilities.
The merger would also boost its geographical diversity — 85 per cent of William Hill’s £1.5bn revenues are generated in the UK, while 888 is far less focused on the British market, with 54 per cent of its $462m revenues coming from outside the UK."
The Rank and 888 consortium is said to have submitted a formal offer for William Hill that values the shares at 364p apiece as well as setting out merger synergies that boost the value of the proposal to 408p a share, according to two people briefed on the plans. William Hill shares were trading at 324.9p in early trading on Tuesday, down 0.8 per cent.
A tie-up between 888, Rank and William Hill would create a company with revenues of £2.7bn and earnings of £500m, making it the third-largest online betting company by revenues.
Spokespersons for William Hill, 888 and Rank declined to comment.
Online bookie 888 confirmed last month that as part of a consortium with Rank Group, the owner of Grosvenor Casinos and Mecca Bingo, it was weighing up an offer for William Hill. The deal would mark a stark turn of events, after William Hill tried and failed to acquire 888 in a £700m deal last year.
The approach from 888 and Rank is driven by a desire to gain greater scale to help absorb the costs from tougher regulation and higher taxes. For William Hill, a merger with the two groups would give it much-needed access to 888’s online platforms and technological capabilities.
The merger would also boost its geographical diversity — 85 per cent of William Hill’s £1.5bn revenues are generated in the UK, while 888 is far less focused on the British market, with 54 per cent of its $462m revenues coming from outside the UK."
HARRYCAT
- 11 Aug 2016 08:27
- 423 of 472
StockMarketWire.com
William Hill said it continues to believe that the bid proposal by 888 Holdings and The Rank Group is highly opportunistic and does not reflect the inherent value of the group.
Moreover, William Hill said the proposal presented significant risk for its shareholders as it involves a highly complicated three-way combination at a very low premium.
"There is substantial risk for William Hill shareholders in the achievement of the estimated future cost synergies, which are only expected to be achieved in full by the end of 2020," the company said.
"It (the proposal) would result in the combined group operating with substantially increased leverage of approximately £2.2 billion, carrying a much higher interest charge."
William Hill's chairman, Gareth Davis, said:
"The Board continues to see no merit in engaging on the basis of a proposal that substantially undervalues the Group.
"In addition, as we have said before this proposal is highly opportunistic, complex and poses significant risk for our shareholders."
William Hill has given 888 and Rank until 5pm on Aug. 21 to confirm a firm intention to make an offer, or that it does not.
William Hill said it continues to believe that the bid proposal by 888 Holdings and The Rank Group is highly opportunistic and does not reflect the inherent value of the group.
Moreover, William Hill said the proposal presented significant risk for its shareholders as it involves a highly complicated three-way combination at a very low premium.
"There is substantial risk for William Hill shareholders in the achievement of the estimated future cost synergies, which are only expected to be achieved in full by the end of 2020," the company said.
"It (the proposal) would result in the combined group operating with substantially increased leverage of approximately £2.2 billion, carrying a much higher interest charge."
William Hill's chairman, Gareth Davis, said:
"The Board continues to see no merit in engaging on the basis of a proposal that substantially undervalues the Group.
"In addition, as we have said before this proposal is highly opportunistic, complex and poses significant risk for our shareholders."
William Hill has given 888 and Rank until 5pm on Aug. 21 to confirm a firm intention to make an offer, or that it does not.
HARRYCAT
- 18 Aug 2016 20:45
- 424 of 472
Reuters - Casino and bingo hall operator Rank Group Plc (RNK.L) and online gambling company 888 Holdings Plc (888.L) ended efforts to take over rival British bookmaker William Hill Plc (WMH.L) days after a revised offer was rejected.
Rank and 888 had wanted to join up with William Hill to create Britain's largest multi-channel gambling operator by revenue and profit, with 92 percent of its business from regulated markets.
But the two companies said in a joint statement on Thursday they had not been able to meaningfully engage with William Hill's board and did not intend making an offer.
Gambling faces higher taxes and tighter regulation, and a series of mergers has intensified competition as firms market themselves to younger sports fans betting via mobile apps.
Rank and 888 had estimated that the three-way deal would result in savings of 100 million pounds a year from lower third-party fees and reduced IT spending.
However, William Hill spurned the consortium's initial 3.16 billion-pound cash-and-shares proposal, saying it substantially undervalued the business. It rejected a revised takeover proposal on Monday, saying it continued to see no merit in engaging with the consortium.
Britain's biggest bookmaker at the start of 2015, William Hill is set to lose its leading market position in the gambling sector as rival Ladbrokes Plc (LAD.L) overtakes it in number of betting shops when it merges with Gala Coral later this year.
William Hill was quick to embrace Britons' changing gambling habits, such as placing bets online using smartphones and tablets, often "in play" while watching sport like soccer on TV, but its lead has vanished as its apps failed to retain punters.
The company sacked its chief executive in July and earlier this month reported a 16 percent fall in first-half operating profit.
Rank and 888 had wanted to join up with William Hill to create Britain's largest multi-channel gambling operator by revenue and profit, with 92 percent of its business from regulated markets.
But the two companies said in a joint statement on Thursday they had not been able to meaningfully engage with William Hill's board and did not intend making an offer.
Gambling faces higher taxes and tighter regulation, and a series of mergers has intensified competition as firms market themselves to younger sports fans betting via mobile apps.
Rank and 888 had estimated that the three-way deal would result in savings of 100 million pounds a year from lower third-party fees and reduced IT spending.
However, William Hill spurned the consortium's initial 3.16 billion-pound cash-and-shares proposal, saying it substantially undervalued the business. It rejected a revised takeover proposal on Monday, saying it continued to see no merit in engaging with the consortium.
Britain's biggest bookmaker at the start of 2015, William Hill is set to lose its leading market position in the gambling sector as rival Ladbrokes Plc (LAD.L) overtakes it in number of betting shops when it merges with Gala Coral later this year.
William Hill was quick to embrace Britons' changing gambling habits, such as placing bets online using smartphones and tablets, often "in play" while watching sport like soccer on TV, but its lead has vanished as its apps failed to retain punters.
The company sacked its chief executive in July and earlier this month reported a 16 percent fall in first-half operating profit.
HARRYCAT
- 16 Oct 2016 15:13
- 425 of 472
Liberum comment on the proposed merger:
"(WMH LN) Last night the largest shareholder (14.3%) in William Hill – Parvus – published an open letter in which it comprehensively rejected the potential merger with Amaya as 1. It makes no strategic sense to them (cross-sell into Poker is very difficult), 2. Valuation – Parvus estimate that Hills is paying a c.50% EV/EBITDA premium for Amaya and that Hills’ current ‘fair value’ is c.30% above the current share price 3. The level of leverage is too great to the effect that the deal would leave the Group with £2.8bn of proforma net debt – far higher than the previous bid from 888/Rank which Parvus may have supported.
Against this backdrop it is hard to see how the deal can progress although Hills’ Board are only at early stage of DD discussions with Amaya and will almost certainly want to continue these to see if they could eventually recommend a deal.
What is clear is that Parvus have hung up the ‘For Sale’ sign at Hills and the Company remains ‘in play’.
In our view £100m of synergies with any potential partner pushes the share price towards 400p or beyond if a bid premium materialises."
"(WMH LN) Last night the largest shareholder (14.3%) in William Hill – Parvus – published an open letter in which it comprehensively rejected the potential merger with Amaya as 1. It makes no strategic sense to them (cross-sell into Poker is very difficult), 2. Valuation – Parvus estimate that Hills is paying a c.50% EV/EBITDA premium for Amaya and that Hills’ current ‘fair value’ is c.30% above the current share price 3. The level of leverage is too great to the effect that the deal would leave the Group with £2.8bn of proforma net debt – far higher than the previous bid from 888/Rank which Parvus may have supported.
Against this backdrop it is hard to see how the deal can progress although Hills’ Board are only at early stage of DD discussions with Amaya and will almost certainly want to continue these to see if they could eventually recommend a deal.
What is clear is that Parvus have hung up the ‘For Sale’ sign at Hills and the Company remains ‘in play’.
In our view £100m of synergies with any potential partner pushes the share price towards 400p or beyond if a bid premium materialises."
HARRYCAT
- 18 Oct 2016 08:30
- 426 of 472
StockMarketWire.com
William Hill said that, after canvassing views from several major shareholders, its directors have decided the company will not pursue merger discussions with Amaya.
"Accordingly, the Board has informed Amaya that it is withdrawing from discussions and wishes Amaya well for the future," William Hill said in a statement.
"The Group has continued to focus on the four priorities set out by Interim CEO Philip Bowcock - online, technology, efficiencies and international - to deliver value for shareholders and will also continue to consider strategic alternatives where they have the potential to create shareholder value.
"Trading has continued to be positive in the second half of the year with work focused on improving Online performance across mobile gaming and key customer journeys.
"The Board continues to expect operating profit for 2016 to be at the top end of the previously guided £260-280m range.
"The share buy-back programme William Hill announced on 26 February 2016 has been suspended since 23 July 2016. We will now recommence the share buy-back programme."
William Hill said that, after canvassing views from several major shareholders, its directors have decided the company will not pursue merger discussions with Amaya.
"Accordingly, the Board has informed Amaya that it is withdrawing from discussions and wishes Amaya well for the future," William Hill said in a statement.
"The Group has continued to focus on the four priorities set out by Interim CEO Philip Bowcock - online, technology, efficiencies and international - to deliver value for shareholders and will also continue to consider strategic alternatives where they have the potential to create shareholder value.
"Trading has continued to be positive in the second half of the year with work focused on improving Online performance across mobile gaming and key customer journeys.
"The Board continues to expect operating profit for 2016 to be at the top end of the previously guided £260-280m range.
"The share buy-back programme William Hill announced on 26 February 2016 has been suspended since 23 July 2016. We will now recommence the share buy-back programme."
jimmy b
- 14 Nov 2016 08:51
- 427 of 472
Wm Hill upbeat
StockMarketWire.com
William Hill said it continues to expect FY operating profit1 to be at the top end of the previous �260-280m guidance, subject to normalised gross win margins in the rest of the year.
In a trading statement for the 17 weeks ended October 25, it said online has returned to growth with UK Sportsbook amounts wagered +4% in H2 following mobile Sportsbook enhancements in Q2; H2 focused on improvements to gaming, UX and marketing.
The roll-out of 2000 proprietary self-service betting terminals (SSBTs) has been completed in Retail, and organisational structure changes on track for implementation from 1 January 2017.
William Hill said the positive performance was continuing in international markets with double-digit wagering and net revenue growth in H2 to date in Australia, the US and Italy and Spain.
There were opportunities for about �30m of group operating efficiencies identified for delivery in 2017, with about �15m of digital marketing spend already identified to be used to drive faster digital net revenue growth.
"In this period we have continued to focus on Online's turnaround, identifying efficiencies and international growth," said CEO Philip Bowcock in a statement.
"Online has returned to wagering growth in the UK following significant enhancements to our mobile Sportsbook in Q2 and we are making good progress on the gaming and user experience improvements in H2, further helped by the Grand Parade team we acquired in August. We will complete the heavy lifting on Online's changes in Q1.
"Our international businesses are all performing well, with double-digit wagering and net revenue growth in each of our key markets of Australia, the US and Italy and Spain. In a tough market, the Australian business is benefiting from our in-house technology, which allows us to bring customers innovative new products more frequently than our competitors.
"Looking forward, we remain on track to deliver 2016 operating profit at the top end of our guided range. With our significantly improved products and user experience, we are confident that this is the right time to invest further in our Online business.
"Therefore, the marketing efficiencies we are announcing today will be reinvested in driving faster digital growth to benefit future performance."
Separately, the company confirmed it will, in early 2017, appoint John O'Reilly, Robin Terrell and Mark Brooker as non-executive directors.
StockMarketWire.com
William Hill said it continues to expect FY operating profit1 to be at the top end of the previous �260-280m guidance, subject to normalised gross win margins in the rest of the year.
In a trading statement for the 17 weeks ended October 25, it said online has returned to growth with UK Sportsbook amounts wagered +4% in H2 following mobile Sportsbook enhancements in Q2; H2 focused on improvements to gaming, UX and marketing.
The roll-out of 2000 proprietary self-service betting terminals (SSBTs) has been completed in Retail, and organisational structure changes on track for implementation from 1 January 2017.
William Hill said the positive performance was continuing in international markets with double-digit wagering and net revenue growth in H2 to date in Australia, the US and Italy and Spain.
There were opportunities for about �30m of group operating efficiencies identified for delivery in 2017, with about �15m of digital marketing spend already identified to be used to drive faster digital net revenue growth.
"In this period we have continued to focus on Online's turnaround, identifying efficiencies and international growth," said CEO Philip Bowcock in a statement.
"Online has returned to wagering growth in the UK following significant enhancements to our mobile Sportsbook in Q2 and we are making good progress on the gaming and user experience improvements in H2, further helped by the Grand Parade team we acquired in August. We will complete the heavy lifting on Online's changes in Q1.
"Our international businesses are all performing well, with double-digit wagering and net revenue growth in each of our key markets of Australia, the US and Italy and Spain. In a tough market, the Australian business is benefiting from our in-house technology, which allows us to bring customers innovative new products more frequently than our competitors.
"Looking forward, we remain on track to deliver 2016 operating profit at the top end of our guided range. With our significantly improved products and user experience, we are confident that this is the right time to invest further in our Online business.
"Therefore, the marketing efficiencies we are announcing today will be reinvested in driving faster digital growth to benefit future performance."
Separately, the company confirmed it will, in early 2017, appoint John O'Reilly, Robin Terrell and Mark Brooker as non-executive directors.
jimmy b
- 08 Dec 2016 11:40
- 428 of 472
Big drop here today .
Transaction in Own Shares
William Hill PLC ("William Hill") announces that it has purchased the following William Hill Ordinary Shares of 10 pence each from its corporate broker Citigroup Global Markets Limited ("Citi") today:
Number of Ordinary Shares acquired
430,000
Average price paid per Ordinary Share
£3.069657
Highest price paid per Ordinary Share
£3.1280
Lowest price paid per Ordinary Share
£2.9990
Date and timing of transactions
7 December 2016; 08.00 - 16.35
Trading venue
London Stock Exchange; BATS; Chi-X; Turquoise
Company ISIN
GB0031698896
The purchased shares will be held as treasury shares.
Following the above purchase, William Hill holds 24,894,375 Ordinary Shares in treasury and has 862,346,393 Ordinary Shares in issue (excluding treasury shares).
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a schedule of individual trades by Citi is available using the following link:
Transaction in Own Shares
William Hill PLC ("William Hill") announces that it has purchased the following William Hill Ordinary Shares of 10 pence each from its corporate broker Citigroup Global Markets Limited ("Citi") today:
Number of Ordinary Shares acquired
430,000
Average price paid per Ordinary Share
£3.069657
Highest price paid per Ordinary Share
£3.1280
Lowest price paid per Ordinary Share
£2.9990
Date and timing of transactions
7 December 2016; 08.00 - 16.35
Trading venue
London Stock Exchange; BATS; Chi-X; Turquoise
Company ISIN
GB0031698896
The purchased shares will be held as treasury shares.
Following the above purchase, William Hill holds 24,894,375 Ordinary Shares in treasury and has 862,346,393 Ordinary Shares in issue (excluding treasury shares).
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a schedule of individual trades by Citi is available using the following link:
2517GEORGE
- 08 Dec 2016 12:17
- 429 of 472
Confirms what a waste of money buybacks can be.
2517
2517
HARRYCAT
- 08 Dec 2016 13:06
- 430 of 472
A cross-party group of MPs will today demand stricter controls on betting machines that allow punters to lose £300 a minute on casino games.
The fixed odds betting terminals all-party parliamentary group will publish the findings of a six-month inquiry into the machines.
Its report says that there is a “prima facie” case to cut the maximum stake of £100 a spin. It also urges ministers to slow the speed with which punters can make bets from once every 20 seconds. The report is significant because it is supported by MPs from all the main parties, including the senior Conservative backbencher Sir Peter Bottomley.
The fixed odds betting terminals all-party parliamentary group will publish the findings of a six-month inquiry into the machines.
Its report says that there is a “prima facie” case to cut the maximum stake of £100 a spin. It also urges ministers to slow the speed with which punters can make bets from once every 20 seconds. The report is significant because it is supported by MPs from all the main parties, including the senior Conservative backbencher Sir Peter Bottomley.
HARRYCAT
- 09 Jan 2017 11:34
- 431 of 472
StockMarketWire.com
William Hill said the group's FY operating profit for 2016 is about £260m, at the bottom end of its guided £260-£280m range.
In the nine weeks since the trading statement on 14 November 2016, wagering trends continued in line with those previously reported.
"However, gross win margins were below expectations, in large part due to unfavourable football and horseracing results impacting the sector during December," the company said in a statement.
Interim CEO Philip Bowcock commented:
"Importantly, the improvements we saw in wagering in Online and Australia in the second half have continued in recent weeks.
"However, all four divisions saw customer-friendly results at the back end of the year, which translated into profits being about £20m below our prior expectations.
"With key underlying trends continuing to be positive, the recent run of sporting results have not changed our confidence in a better performance in 2017."
William Hill said the group's FY operating profit for 2016 is about £260m, at the bottom end of its guided £260-£280m range.
In the nine weeks since the trading statement on 14 November 2016, wagering trends continued in line with those previously reported.
"However, gross win margins were below expectations, in large part due to unfavourable football and horseracing results impacting the sector during December," the company said in a statement.
Interim CEO Philip Bowcock commented:
"Importantly, the improvements we saw in wagering in Online and Australia in the second half have continued in recent weeks.
"However, all four divisions saw customer-friendly results at the back end of the year, which translated into profits being about £20m below our prior expectations.
"With key underlying trends continuing to be positive, the recent run of sporting results have not changed our confidence in a better performance in 2017."
2517GEORGE
- 31 Jan 2017 10:30
- 432 of 472
Well above average turnover today.
2517
2517
HARRYCAT
- 31 Jan 2017 12:04
- 433 of 472
Looks like the FOBT are due to be regulated again, which is going to hit the bookies profits.
"The Fixed Odds Betting Terminal APPG will today launch the findings of their six month Inquiry “Fixed Odds Betting Assessing the Impact” which has taken in-depth evidence into the impact of FOBT machines in communities across the UK.
The Inquiry was launched following growing disquiet among politicians about the harm being caused on Britain’s High Streets by the high stake machines, which can be played with little supervision in any betting shop.
Concern has grown that the machines are both highly addictive and an anomaly in the regulatory framework, and offer high stakes casino style gambling with punters at risk of losing £100 every 20 seconds.
The findings of the report include
*That there is now a ‘prima facie’ case for significantly reducing the maximum stake that can be wagered on a FOBT
*At the very least the stake should be reduced on a precautionary basis, in line with the principles which govern the work of the Gambling Commission, until sufficient evidence is presented to the Government that the high stakes on these machines do not cause harm
*That the Gambling Commission “have failed” to adequately advise the Government in recent years, despite the principles for regulation and licencing under which the Gambling Commission operates
*That there is a case for the maximum stake to be reduced to £2
*Government should also consider reducing the speed of spin on a FOBT in order to reduce the potential for harm to be caused and also review the number of FOBTs permitted in an individual bookmaker
*Government should address localism concerns and calls for greater controls over FOBTs at the local level. Powers should be given to local authorities to prevent the clustering of betting shops.
The FOBT APPG, chaired by Carolyn Harris MP, took evidence from, among others, academics, problem gamblers, campaign groups, local authorities, industry experts, Gambling Minister Tracey Crouch, Sarah Harrison, Chief Executive of the Gambling Commission, Chris Kelly, Chair of the Responsible Strategy Gambling Board, Kate Lampard, Chair of Gamble Aware.
The bookies refused to take part in the Inquiry, which Ms Crouch said she was ‘surprised’ to hear."
"The Fixed Odds Betting Terminal APPG will today launch the findings of their six month Inquiry “Fixed Odds Betting Assessing the Impact” which has taken in-depth evidence into the impact of FOBT machines in communities across the UK.
The Inquiry was launched following growing disquiet among politicians about the harm being caused on Britain’s High Streets by the high stake machines, which can be played with little supervision in any betting shop.
Concern has grown that the machines are both highly addictive and an anomaly in the regulatory framework, and offer high stakes casino style gambling with punters at risk of losing £100 every 20 seconds.
The findings of the report include
*That there is now a ‘prima facie’ case for significantly reducing the maximum stake that can be wagered on a FOBT
*At the very least the stake should be reduced on a precautionary basis, in line with the principles which govern the work of the Gambling Commission, until sufficient evidence is presented to the Government that the high stakes on these machines do not cause harm
*That the Gambling Commission “have failed” to adequately advise the Government in recent years, despite the principles for regulation and licencing under which the Gambling Commission operates
*That there is a case for the maximum stake to be reduced to £2
*Government should also consider reducing the speed of spin on a FOBT in order to reduce the potential for harm to be caused and also review the number of FOBTs permitted in an individual bookmaker
*Government should address localism concerns and calls for greater controls over FOBTs at the local level. Powers should be given to local authorities to prevent the clustering of betting shops.
The FOBT APPG, chaired by Carolyn Harris MP, took evidence from, among others, academics, problem gamblers, campaign groups, local authorities, industry experts, Gambling Minister Tracey Crouch, Sarah Harrison, Chief Executive of the Gambling Commission, Chris Kelly, Chair of the Responsible Strategy Gambling Board, Kate Lampard, Chair of Gamble Aware.
The bookies refused to take part in the Inquiry, which Ms Crouch said she was ‘surprised’ to hear."
HARRYCAT
- 31 Jan 2017 12:09
- 434 of 472
HARRYCAT
- 24 Feb 2017 09:40
- 435 of 472
StockMarketWire.com
William Hill has turned in a broadly steady FY pretax profit and dividend amid what it penned as a challenging year, particularly in H1.
Pretax profit was £181.3m, from £184.7m. Revenue was £1.60bn, from £1.59bn. Dividend was steady at 12.5p a share.
The company said its performance was below directors' expectations at the start of the year.
"However, we made a number of strategic and leadership changes to address this and ultimately delivered a full-year profit within the range of our revised expectations," it said.
"These changes continue to bear fruit, with strong indications that Online is returning to sustained growth."
Interim CEO Philip Bowcock said 2016 was a challenging year for William Hill, but one in which the company made considerable operational progress, leaving it well-placed to drive the business forward in 2017.
"We have delivered extensive product, user experience and marketing improvements in Online, modernised our Retail management structure to focus more on the customer and continued to grow in our key international markets," he said in a statement.
There were now encouraging signs in all of William Hill's divisions, in particular Online's UK business, which was now delivering sustained growth.
LOOKING FORWARD
Bowcock said William Hill wanted to keep improving the customer experience by expanding its product range, increasing marketing investment and deploying technology assets and expertise in key areas.
"At the same time, we expect our transformation programme to continue delivering important efficiency savings that we can reinvest to deliver an even better customer experience and faster growth," he said.
William Hill has turned in a broadly steady FY pretax profit and dividend amid what it penned as a challenging year, particularly in H1.
Pretax profit was £181.3m, from £184.7m. Revenue was £1.60bn, from £1.59bn. Dividend was steady at 12.5p a share.
The company said its performance was below directors' expectations at the start of the year.
"However, we made a number of strategic and leadership changes to address this and ultimately delivered a full-year profit within the range of our revised expectations," it said.
"These changes continue to bear fruit, with strong indications that Online is returning to sustained growth."
Interim CEO Philip Bowcock said 2016 was a challenging year for William Hill, but one in which the company made considerable operational progress, leaving it well-placed to drive the business forward in 2017.
"We have delivered extensive product, user experience and marketing improvements in Online, modernised our Retail management structure to focus more on the customer and continued to grow in our key international markets," he said in a statement.
There were now encouraging signs in all of William Hill's divisions, in particular Online's UK business, which was now delivering sustained growth.
LOOKING FORWARD
Bowcock said William Hill wanted to keep improving the customer experience by expanding its product range, increasing marketing investment and deploying technology assets and expertise in key areas.
"At the same time, we expect our transformation programme to continue delivering important efficiency savings that we can reinvest to deliver an even better customer experience and faster growth," he said.
HARRYCAT
- 09 May 2017 09:01
- 436 of 472
StockMarketWire.com
Wm Hill has made a positive start to the year, across the board, and at thi stage is in line with expectations for 2017.
"Our Online business continues to deliver growth thanks to the improvements in product, user experience and marketing we have made," said CEO Philip Bowcock.
"Retail is also seeing positive trends while our key international markets continue to perform well with double-digit wagering growth."
Bowcock said the company's transformation programme was progressing well and it was on track to deliver £40m of annualised savings by the year-end.
"Overall, we are in line with market expectations for 2017 at this early stage in the year."
Wm Hill said its total net revenue for the 17 weeks to April 25 was up 9%, with gains in online (up 16%), retail (1%), Australia (41%) and US (19%).
Wm Hill has made a positive start to the year, across the board, and at thi stage is in line with expectations for 2017.
"Our Online business continues to deliver growth thanks to the improvements in product, user experience and marketing we have made," said CEO Philip Bowcock.
"Retail is also seeing positive trends while our key international markets continue to perform well with double-digit wagering growth."
Bowcock said the company's transformation programme was progressing well and it was on track to deliver £40m of annualised savings by the year-end.
"Overall, we are in line with market expectations for 2017 at this early stage in the year."
Wm Hill said its total net revenue for the 17 weeks to April 25 was up 9%, with gains in online (up 16%), retail (1%), Australia (41%) and US (19%).
2517GEORGE
- 27 Jun 2017 12:55
- 437 of 472
Seems to be falling over a cliff around the 250p mark
Claret Dragon
- 27 Jun 2017 16:43
- 438 of 472
Looks overdone unless some clients had it away at Ascot!!!
skinny
- 27 Jun 2017 16:55
- 439 of 472
Looking at the state of some of the women, I'm sure they did!....I'll get my coat.
HARRYCAT
- 28 Jun 2017 18:41
- 440 of 472
Canaccord today:
"The pace of change in the US laws regarding sports betting and online gaming has been glacial. But there was an interesting milestone yesterday, pointing to the potential legalisation of sports betting across much of the US.
The US Supreme court announced yesterday that it will hear arguments on whether to permit sports betting in New Jersey. If favourable, it would overturn the rather curious Amateur Sports Protection Act (PASPA). PASPA only permits racetrack betting on "animal racing", other than (as a quirk of history) Nevada, which is allowed fully licensed sports books, and in Oregon, Montana and Delaware, which have sports lotteries. New Jersey's proposals would only allow sports betting at Casinos and Racetracks, and would prohibit betting on some sports (ie College football). But if New Jersey wins, then other States will undoubtedly follow, and we could expect to see land-based sports betting proliferate across much of the US, with some obvious exception (ie Utah).
There is no guarantee that the hearing will be favourable, and realistically, the outcome is unlikely to be clear until 2018. But this does suggest a sea change in attitudes towards sports betting - the NBA, for example, is now favourable to legalising betting on basketball, having previously been fiercely opposed.
The major initial beneficiary of any change would be William Hill (Hold, TP 290p), which is the leading land-based sports betting operator in Nevada. However, we would see the legalisation of some land-based sports betting as paving the way for Online sports betting in some states. We believe the most obvious beneficiaries would be GVC (Buy, TP 850p) and 888 (Buy, TP 330p), which both operate in New Jersey (Casino and Poker), and have strong domestic partnerships - with MGM and Caesars, respectively. Playtech (Buy, TP 1140p) would also be well placed as a potential technology supplier to domestic operators."
"The pace of change in the US laws regarding sports betting and online gaming has been glacial. But there was an interesting milestone yesterday, pointing to the potential legalisation of sports betting across much of the US.
The US Supreme court announced yesterday that it will hear arguments on whether to permit sports betting in New Jersey. If favourable, it would overturn the rather curious Amateur Sports Protection Act (PASPA). PASPA only permits racetrack betting on "animal racing", other than (as a quirk of history) Nevada, which is allowed fully licensed sports books, and in Oregon, Montana and Delaware, which have sports lotteries. New Jersey's proposals would only allow sports betting at Casinos and Racetracks, and would prohibit betting on some sports (ie College football). But if New Jersey wins, then other States will undoubtedly follow, and we could expect to see land-based sports betting proliferate across much of the US, with some obvious exception (ie Utah).
There is no guarantee that the hearing will be favourable, and realistically, the outcome is unlikely to be clear until 2018. But this does suggest a sea change in attitudes towards sports betting - the NBA, for example, is now favourable to legalising betting on basketball, having previously been fiercely opposed.
The major initial beneficiary of any change would be William Hill (Hold, TP 290p), which is the leading land-based sports betting operator in Nevada. However, we would see the legalisation of some land-based sports betting as paving the way for Online sports betting in some states. We believe the most obvious beneficiaries would be GVC (Buy, TP 850p) and 888 (Buy, TP 330p), which both operate in New Jersey (Casino and Poker), and have strong domestic partnerships - with MGM and Caesars, respectively. Playtech (Buy, TP 1140p) would also be well placed as a potential technology supplier to domestic operators."
HARRYCAT
- 28 Jun 2017 18:45
- 441 of 472
Investec note:
We see further headwinds for William Hill with tough comparables given the Euros in 2016, very poor GWMs in all four divisions in the last 2 months of H117E, a credit betting ban in Australia (we estimate a c.17.5% loss of Australian revenue from March 2018), a change in revenue mix in Australia (lower future GWMs) and higher central costs. The Triennial Review poses further risk to Retail revenue while the CMA review raises the risk of fines and lower customer acquisition/monitored bonusing. We set our TP at 245p (prev. 279p) and downgrade to SELL from Hold.
FY17/FY18E EPS downgraded by 8.1%/5.0: We lower FY17E EPS to reflect weaker GWMs YTD, higher central costs and changes to the revenue mix (more racing and less sports) which we expect to lead to lower future GWMs. For FY18E, we reduce EPS for these reasons as well as an Australian ban on credit betting (assumed from 1 March 2018 onwards).
Last 2 months of H117: WMH last updated the market on 9th May, when it reported net revenue growth of 9%. We expect GWMs to be significantly lower across all 4 divisions for the remaining 2 months of H117E given punter-friendly sports results. We estimate Retail, Online, Australian and US gross win margins of 16.5%, 5.8%, 7.6% and 5.6% respectively for the remaining 2 months of H117E. This results in H117E GWMs for Retail, Online, Australia and the US of 17.5% (H116: 19%), 6.9% (H116: 7.3%), 8% (H116: 9.9%) and 6% (H116: 5.7%) respectively. We now forecast FY17E EBIT of £258.7m.
Aussie credit betting and lower future GWMs: We downgrade FY18E Australian revenue by 8.3% and EBIT by 10.9% (assuming 10 months of the credit betting ban). We now assume a GWM between 9% and 10% (down from 10%-11%) given changes in revenue mix (more racing, less sport and less in-play).
Valuation: We lower our target price to 245p to reflect higher central costs, the credit betting ban in Australia and greater risk surrounding both the CMA review and Triennial Review given the outcome of the recent UK election. We value the Group at 8.0x FY17E adj. EV/EBITDA. The shares trade at 8.5x FY17E EV/EBITDA."
Australia (5% of EBIT): While the sportsbetting market is growing at 15%pa, the business faces familiar headwinds in terms of competition, regulation and taxation. Please see our note of 16 June following a meeting with Tom Waterhouse, CEO of William Hill Australia. Last week the Australian government announced it would legislate to ban credit betting, which represents 30% of group revenues and 25% of gross profit. Assuming the legislation proceeds this could impact profits by around £17m next year. In addition there is a significant risk of tax increases, which may prompt consolidation in the market.
HARRYCAT
- 02 Aug 2017 07:44
- 442 of 472
StockMarketWire.com
William Hill said its online and retail divisions in the UK were growing at or above market growth rates in the 26 weeks ended 27 June 2017.
HIGHLIGHTS:
- Online: UK Sportsbook amounts wagered +13% and UK gaming net revenue +9%
- Retail: amounts wagered +2% and gaming net revenue +3%
- International revenue growth: continued net revenue growth in Australia and US
- Transformation and technology: on track to deliver £40m of annualised efficiency savings by year-end and, over the long term, improved revenues, greater cost efficiency and better organisational effectiveness
FINANCIAL RESULTS:
- Group net revenue up 3% to £837m
- Adjusted operating profit of £129.5m, down 1%
- Adjusted EPS2 of 11.2p, up 7%
- Strong cash generation with operating cash flow of £115.3m
- Balance sheet remains healthy with net debt for covenant purposes of £604.6m, 1.7x EBITDA
- Interim dividend increased 4% to 4.26p per share, reflecting the group's continued strong cash flow and the Board's confidence in delivery of strategic priorities
William Hill said its online and retail divisions in the UK were growing at or above market growth rates in the 26 weeks ended 27 June 2017.
HIGHLIGHTS:
- Online: UK Sportsbook amounts wagered +13% and UK gaming net revenue +9%
- Retail: amounts wagered +2% and gaming net revenue +3%
- International revenue growth: continued net revenue growth in Australia and US
- Transformation and technology: on track to deliver £40m of annualised efficiency savings by year-end and, over the long term, improved revenues, greater cost efficiency and better organisational effectiveness
FINANCIAL RESULTS:
- Group net revenue up 3% to £837m
- Adjusted operating profit of £129.5m, down 1%
- Adjusted EPS2 of 11.2p, up 7%
- Strong cash generation with operating cash flow of £115.3m
- Balance sheet remains healthy with net debt for covenant purposes of £604.6m, 1.7x EBITDA
- Interim dividend increased 4% to 4.26p per share, reflecting the group's continued strong cash flow and the Board's confidence in delivery of strategic priorities
2517GEORGE
- 23 Nov 2017 16:44
- 443 of 472
Some short lived excitement in WMH late this afternoon touching 305p before finishing @ 283.80p up 5.80p
HARRYCAT
- 24 Nov 2017 12:29
- 444 of 472
StockMarketWire.com
William Hill confirmed that it is in "very preliminary: discussions with CrownBet, the 62%-owned online wagering business of Australia's Crown Resorts, regarding a possible combination with William Hill Australia.
The admission came in response to media speculation.
"There is no certainty that these preliminary discussions will lead to any transaction," William Hill said.
William Hill confirmed that it is in "very preliminary: discussions with CrownBet, the 62%-owned online wagering business of Australia's Crown Resorts, regarding a possible combination with William Hill Australia.
The admission came in response to media speculation.
"There is no certainty that these preliminary discussions will lead to any transaction," William Hill said.
HARRYCAT
- 22 Jan 2018 13:13
- 445 of 472
Big drop for all the bookies as the maximum bet for fixed odds betting machines is rumoured to be a mandatory £2.
Claret Dragon
- 24 Apr 2018 11:15
- 446 of 472
Someone back a winner!!!!
Whats the story here?
Whats the story here?
HARRYCAT
- 24 Apr 2018 11:38
- 447 of 472
Seems the £2 max bet on FOBM's is set to become reality. Sp down 13%,
Claret Dragon
- 24 Apr 2018 12:23
- 448 of 472
I suppose the punters who use "FIXED odds betting terminals". Clue is in the title.
Will just have to spend longer at the machine to lose the same amount.
Will just have to spend longer at the machine to lose the same amount.
HARRYCAT
- 16 May 2018 13:30
- 449 of 472
CBS News
"The rush for legal sports betting is on, and gamblers around the U.S. have New Jersey to thank for what experts think will be an onslaught of action.
Monday's Supreme Court's ruling strikes down a 1992 federal law barring gambling on football, basketball and other sports in most states. Within minutes of the decision becoming public, state governments and companies announced plans to jump into the betting business."
"The rush for legal sports betting is on, and gamblers around the U.S. have New Jersey to thank for what experts think will be an onslaught of action.
Monday's Supreme Court's ruling strikes down a 1992 federal law barring gambling on football, basketball and other sports in most states. Within minutes of the decision becoming public, state governments and companies announced plans to jump into the betting business."
HARRYCAT
- 17 May 2018 12:53
- 450 of 472
StockMarketWire.com
Annualised adjusted operating profit in William Hill's retail division could be reduced by £70m to £100m as a result of a decision by the Department for Digital, Culture, Media and Sport (DCMS) to reduce the maximum stake on B2 games from £100 to £2.
In the first four months of the current financial year, around 70% of William Hill's total gaming machine net revenue was generated by stakes in excess of the proposed £2 threshold.
The annualised impact of a £2 staking limit could be a reduction in total gaming net revenue of 35% to 45%.
The stake limit could result in around 900 William Hill shops (38% of its existing Retail estate) becoming loss-making. A proportion of these would be at risk of being closed within a relatively short time of the proposed staking change being implemented.
The board's current intention is to retain the existing dividend policy to pay out approximately 50% of underlying earnings.
Philip Bowcock, chief executive officer, said: "William Hill has a long and proud heritage as part of the UK high street and we know how important betting shops are to our customers and their local economies. The government has handed us a tough challenge today and it will take some time for the full impact to be understood, for our business, the wider high street and key partners like horseracing. We will continue to evolve our Retail business in order to adapt to this change and we will support our colleagues as best we can. Despite the challenges presented by this decision, our teams will compete hard and offer great service to William Hill customers."
Annualised adjusted operating profit in William Hill's retail division could be reduced by £70m to £100m as a result of a decision by the Department for Digital, Culture, Media and Sport (DCMS) to reduce the maximum stake on B2 games from £100 to £2.
In the first four months of the current financial year, around 70% of William Hill's total gaming machine net revenue was generated by stakes in excess of the proposed £2 threshold.
The annualised impact of a £2 staking limit could be a reduction in total gaming net revenue of 35% to 45%.
The stake limit could result in around 900 William Hill shops (38% of its existing Retail estate) becoming loss-making. A proportion of these would be at risk of being closed within a relatively short time of the proposed staking change being implemented.
The board's current intention is to retain the existing dividend policy to pay out approximately 50% of underlying earnings.
Philip Bowcock, chief executive officer, said: "William Hill has a long and proud heritage as part of the UK high street and we know how important betting shops are to our customers and their local economies. The government has handed us a tough challenge today and it will take some time for the full impact to be understood, for our business, the wider high street and key partners like horseracing. We will continue to evolve our Retail business in order to adapt to this change and we will support our colleagues as best we can. Despite the challenges presented by this decision, our teams will compete hard and offer great service to William Hill customers."
HARRYCAT
- 03 Aug 2018 08:18
- 451 of 472
StockMarketWire.com
Gambling group William Hill swung to a deep first-half loss after it wrote down the value of its assets to account for a looming UK regulatory crackdown.
Pre-tax losses for the six months through June amounted to £819.6m compared to a £93.1m profit on-year, and included a £882.8m non-cash impairment charge.
The UK government recently announced that it would slash the maximum bet allowed on fixed-rate betting terminals to £2 from £100 from 2020.
On an underlying basis, William Hill's adjusted pre-tax profit fell 13% to £96.3m, even as revenue rose 3% to £802.6m.
Adjusted operating profit from existing operations, which excluded US states in which the company had recently expanded, rose 1% to £130.8m.
'William Hill has performed well during the first half of 2018 and, following major regulatory decisions in the UK and US, we now have greater clarity over the challenges and opportunities that lie before us,' chief executive Philip Bowcock said.
The US Supreme Court in May legalised sports betting across the company and William Hill has already started growing revenue rapidly in that market, though established costs have weighed on profits there.
William Hill said it had a 'good' World Cup, recording more than a million active users across the tournament
Gambling group William Hill swung to a deep first-half loss after it wrote down the value of its assets to account for a looming UK regulatory crackdown.
Pre-tax losses for the six months through June amounted to £819.6m compared to a £93.1m profit on-year, and included a £882.8m non-cash impairment charge.
The UK government recently announced that it would slash the maximum bet allowed on fixed-rate betting terminals to £2 from £100 from 2020.
On an underlying basis, William Hill's adjusted pre-tax profit fell 13% to £96.3m, even as revenue rose 3% to £802.6m.
Adjusted operating profit from existing operations, which excluded US states in which the company had recently expanded, rose 1% to £130.8m.
'William Hill has performed well during the first half of 2018 and, following major regulatory decisions in the UK and US, we now have greater clarity over the challenges and opportunities that lie before us,' chief executive Philip Bowcock said.
The US Supreme Court in May legalised sports betting across the company and William Hill has already started growing revenue rapidly in that market, though established costs have weighed on profits there.
William Hill said it had a 'good' World Cup, recording more than a million active users across the tournament
HARRYCAT
- 24 Oct 2018 08:58
- 452 of 472
William Hill PLC (LSE: WMH) announces that on Tuesday, 6 November 2018, the Group will announce a trading update for the unaudited 17-week period ended 23 October 2018. A conference call for the trading update will be held at 8.30am GMT on the day
HARRYCAT
- 25 Oct 2018 09:48
- 453 of 472
Approaching 10 year low!
skinny
- 25 Oct 2018 15:33
- 454 of 472
HARRYCAT
- 31 Oct 2018 09:57
- 455 of 472
StockMarketWire.com
William Hill said it had agreed to acquire Sweden-based online gambling group Mr Green & Co for around SEK 2,819 million (£241.8m).
The UK gambling group had offered SEK 69 in cash per Mr Green share, representing a 48.5% premium to their closing price on Tuesday.
Mr Green's board had recommended its shareholders accept the bid.
'This proposed acquisition accelerates the diversification of William Hill - immediately making us a more digital and more international business,' chief executive Philip Bowcock said.
'Mr Green will provide William Hill with an international hub in Malta with market entry expertise and strong growth momentum in a number of European countries.'
'William Hill will move from a single brand to a suite of brands that can maximise growth opportunities moving forward in new and existing markets.'
William Hill said it had agreed to acquire Sweden-based online gambling group Mr Green & Co for around SEK 2,819 million (£241.8m).
The UK gambling group had offered SEK 69 in cash per Mr Green share, representing a 48.5% premium to their closing price on Tuesday.
Mr Green's board had recommended its shareholders accept the bid.
'This proposed acquisition accelerates the diversification of William Hill - immediately making us a more digital and more international business,' chief executive Philip Bowcock said.
'Mr Green will provide William Hill with an international hub in Malta with market entry expertise and strong growth momentum in a number of European countries.'
'William Hill will move from a single brand to a suite of brands that can maximise growth opportunities moving forward in new and existing markets.'
HARRYCAT
- 01 Nov 2018 21:28
- 456 of 472
Credit Suisse today reaffirms its outperform investment rating on William Hill PLC (LON:WMH) and raised its price target to 275p (from 260p).
Barclays Capital today reaffirms its overweight investment rating on William Hill PLC (LON:WMH) and raised its price target to 304p (from 300p).
Peel Hunt today reaffirms its add investment rating on William Hill PLC (LON:WMH) and cut its price target to 250p (from 305p).
UBS today upgrades its investment rating on William Hill PLC (LON:WMH) to buy (from neutral) and cut its price target to 300p (from 330p).
Barclays Capital today reaffirms its overweight investment rating on William Hill PLC (LON:WMH) and raised its price target to 304p (from 300p).
Peel Hunt today reaffirms its add investment rating on William Hill PLC (LON:WMH) and cut its price target to 250p (from 305p).
UBS today upgrades its investment rating on William Hill PLC (LON:WMH) to buy (from neutral) and cut its price target to 300p (from 330p).
HARRYCAT
- 06 Nov 2018 09:51
- 457 of 472
StockMarketWire.com
Gambling company William Hill warned on profits after it was hurt by weak horseracing margins, customer-friendly football results and challenging conditions on the high street.
Full-year operating profit was expected to come in at between £225m to £245m, assuming normalised gross win margins in the remaining weeks of the year.
William Hill said it had benefited from the later stages of the World Cup, but otherwise football and racing margins had been weaker than expected.
'Retail continues to be challenged by the wider high street conditions and we have seen gaming as well as sportsbook revenues decline in the period,' the company said.
Online net revenue in the year-to-date rose 4%, but retail net revenue fell 4%.
The company's existing US business delivered 'strong' growth in Nevada, with net revenue up 36% in local currency.
As for its US expansion, William Hill said it generated 'good' volumes in early months, with around $200m wagered, in line with its expectations.
Chief executive Philip Bowcock said adverse regulatory and tax changes would impact online profit growth in 2018 and 2019.
The gross effect of these would reduce profit by £20m in 2018 and a further £25m in 2019.
'We are continuing to experience a period of significant change for our industry and have already made important changes over the last two years to transform our digital business, broaden the management team and enhance our financial flexibility ahead of key regulatory changes,' Bowcock said.
Gambling company William Hill warned on profits after it was hurt by weak horseracing margins, customer-friendly football results and challenging conditions on the high street.
Full-year operating profit was expected to come in at between £225m to £245m, assuming normalised gross win margins in the remaining weeks of the year.
William Hill said it had benefited from the later stages of the World Cup, but otherwise football and racing margins had been weaker than expected.
'Retail continues to be challenged by the wider high street conditions and we have seen gaming as well as sportsbook revenues decline in the period,' the company said.
Online net revenue in the year-to-date rose 4%, but retail net revenue fell 4%.
The company's existing US business delivered 'strong' growth in Nevada, with net revenue up 36% in local currency.
As for its US expansion, William Hill said it generated 'good' volumes in early months, with around $200m wagered, in line with its expectations.
Chief executive Philip Bowcock said adverse regulatory and tax changes would impact online profit growth in 2018 and 2019.
The gross effect of these would reduce profit by £20m in 2018 and a further £25m in 2019.
'We are continuing to experience a period of significant change for our industry and have already made important changes over the last two years to transform our digital business, broaden the management team and enhance our financial flexibility ahead of key regulatory changes,' Bowcock said.
Dil
- 06 Nov 2018 18:42
- 458 of 472
I think those customer friendly football results refer to Cardiff losing every week.
Dil
- 06 Nov 2018 18:44
- 459 of 472
And the World Cup was hardly customer friendly , with Brazil , Spain and Germany all doing badly.
HARRYCAT
- 06 Nov 2018 20:30
- 460 of 472
Most of the group stages were pretty easy to predict in the World Cup.
Claret Dragon
- 07 Nov 2018 07:24
- 461 of 472
225M Profit aint too shabby.
HARRYCAT
- 07 Nov 2018 09:38
- 462 of 472
Morgan Stanley today upgrades its investment rating on William Hill PLC (LON:WMH) to overweight (from equal weight) and cut its price target to 280p (from 290p).
HARRYCAT
- 16 Nov 2018 13:55
- 463 of 472
Approaching 10 year low!
HARRYCAT
- 10 Jan 2019 17:49
- 464 of 472
UBS today upgrades its investment rating on William Hill PLC (LON:WMH) to buy (from buy) and cut its price target to 285p (from 300p).
skinny
- 10 Jan 2019 18:10
- 465 of 472
285 is bang in the middle of that 2nd gap - 210ish looks more realistic - I don't hold.
HARRYCAT
- 10 Jan 2019 22:29
- 466 of 472
Nor do I at the moment, but with the US now legalising internet gambling, WMH has huge potential, imo. Just can't decide on the right entry point.
Stan
- 11 Jan 2019 09:54
- 467 of 472
Yes but how many times have we said that about UK Companies trying to break into the Market out there, somehow it never quite happens.
black bird - 15 Jan 2019 15:18 - 468 of 472
any changes sports betting, today bloomberg, as gambling stocks fallen paddy P
ect herd something but unshore, of content. informed one please notify BB
ect herd something but unshore, of content. informed one please notify BB
HARRYCAT
- 17 Jan 2019 10:08
- 469 of 472
Berenberg today upgrades its investment rating on William Hill PLC (LON:WMH) to buy (from hold) and cut its price target to 250p (from 280p).
black bird - 18 Jan 2019 10:30 - 470 of 472
william hill need clarify position in sports gambling u s a . restrictions have been
put on. w m h need to comment by how much, see next results is the only way
we will find out, follow the big boys.
put on. w m h need to comment by how much, see next results is the only way
we will find out, follow the big boys.
Stan
- 21 Jan 2019 09:55
- 471 of 472
William Hill updated the market on its trading for the unaudited 53 weeks ended 1 January on Monday, reporting that its full-year adjusted operating profit for 2018 from continuing operations was expected to be around £234m - 15% lower than 2017. The FTSE 250 bookmaker said that would fall in line with guidance, which was for operating profit to be between £225m and £245m. It said underlying operating profit increased 4% year-on-year, excluding the impact of enhanced customer due diligence measures in online and US expansion costs.
HARRYCAT
- 04 Feb 2019 17:27
- 472 of 472
Jefferies International today initiates coverage of William Hill PLC (LON:WMH) with a buy investment rating and price target of 230p.
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