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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

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

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

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.

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

WMH1yr_zps5d9f84fd.gif

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.

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.

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 .

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.

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.

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



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
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