William Hill Share Discussion Threads

[zebbo] 08/10/2016 20:12

apologies should read "looking at their current mkt cap"

IMHO

But could be interesting

[zebbo] 08/10/2016 20:10

On a 50 / 50 merger we are valuing Amaya at the same mkt cap, which is high vs their current mkt cap

So expect WH to be down

[trentendboy] 08/10/2016 19:00

Would be a great deal. Hills should rise considerably

[frankiethecabbie] 08/10/2016 10:47

Should make Monday morning interesting

[fitton] 23/9/2016 10:50

888 should be looking good for £2.50 fairly soon.Maybe after the dividend is paid in early Oct.Shares traded upto £2.40 after the full year results in March.Half year results were very good.Why on earth William Hill don't just pay the £3 - £3.20 a share to get 888 on board I really don't know.In the short term maybe the deal looks expensive on paper but in the long term its a no brainer. Hats off to the boss of GVC.The Bwin deal looked a bit top heavy at the time but he had the vision to see how the integration would work and now 6 months later the shares have gone from £4.50 to £7.50.Sack the William Hill boss and get someone in with some serious ambition.Even if William Hill had to pay £3.50, there is a good argument to write down the asset in the short term for tax reasons and then work on the integration.Its staring them in the face.I would also have to say that there must be questions about some of the moves 888 have made recently.Get the personal Ego's out the way and get down to business.

[trentendboy] 16/9/2016 20:58

The big push to liberalise sports betting in US would see Hills flying. They are well positioned in the US

[seball] 13/9/2016 11:21

Would not want to hold these until review on fixed odds betting terminals is complete. William Hill could potentially be hit very hard if the outcome is not favourable. In my opinion, do you own research.

[catswhiskas] 12/9/2016 06:59

There will be no bid government intervention on the FOBT will become even more compelling after tonight's documentary on BBC1 at 830 on these Machines of Death.

[frankiethecabbie] 09/9/2016 08:09

I read this in The Telegraph's iPhone app and thought you'd like to read it:

[trentendboy] 21/8/2016 22:57

Makes sense for CVC to buy Hills.Would need around £4 to really take Hills down IMOI will break even then I suspect

[coxsmn] 20/8/2016 07:43

Wmh article in today's Telegraph, profits expected at top end and suggests value to be had in buying shares.Dyor

[nortic 007] 18/8/2016 17:37

WMH statement reads well.

[chester3] 18/8/2016 16:19

everybody out quick!!!

[frankiethecabbie] 18/8/2016 15:17

Basically they have to make an offer tomorrow or ask for an extension beyond the 21st August, so we should have an idea tomorrow if they are going to persevere or walk away .

[hubshank] 18/8/2016 15:10

Thanks Frankie - seem to recall it took ages for BPTY to agree a deal.

[frankiethecabbie] 18/8/2016 12:51

If a private equity bidder, possibly in conjunction with 888 and Rank, were to come forward, that might lead to a more acceptable outcome. An offer of, for example, over 400 pence in cash would give William Hill shareholders a clean exit, and would be harder to turn down. Then the acquirer would be free to add on leverage.Of course, Rank and 888 should be able to pay more because of the extra synergies they can bring. They point to annual savings of 100 million pounds a year, or 52 pence per share. But William Hill shareholders would have to take this on trust, and the benefits will also take time to come through anyway.The shares fell more than 3 percent on Monday to 323.2 pence, below either sides' assessment of the offer value, indicating that investors are assigning a low probability of the approach succeeding.Barbarians at the Betting Shop might not have such a catchy ring. But to William Hill shareholders it would be more appealing than what's currently on the table.Taken from Bloomberg on Tuesday

[hubshank] 18/8/2016 11:27

How likely are they to pay £4 per share for WMH?

[frankiethecabbie] 17/8/2016 12:30

https://www.google.co.uk/amp/www.standard.co.uk/business/market-report-william-hill-merger-cloud-puts-short-seller-on-a-winner-a3322571.html%3famp

[frankiethecabbie] 15/8/2016 17:49

Aug 15, 2016 1:15 PM BSTWILLIAM HILL PLC-21.20ON CLOSING, AUG 15312.50GBpENTERTAINMENT ONE LTD+16.20ON CLOSING, AUG 15255.00GBpA dancing pig in a red dress is unlikely fodder for today's Barbarians at the Gate. But in fact, she's a private equity prize that can provide a useful lesson to a would-be betting behemoth.U.S. buyout firm KKR may be eyeing a bid for Peppa Pig owner Entertainment One after it rejected a 1 billion pound ($1.3 billion) offer from broadcaster ITV, Bloomberg News reported Monday. The potential interest shows that in today's market, if strategic buyers don't pay up, financial acquirers could shove them aside.ITV's 236 pence per share bid for Entertainment One was too low. Bidding at, say, 300 pence a share would still be on the cheap side, relative to global peers. Raising the company's valuation by about 300 million pounds wouldn't be a stretch for KKR. If ITV wants to land its prize pig, it needs to find the muscle to get closer to that level.Let Me Entertain YouShares in Entertainment One are trading above the level of ITV's rebuffed offerSource: BloombergThat's a pretty informative situation for William Hill, the object of interest from rivals 888 and Rank. The two want to create so-called "Megabet" through a complex three-way deal, under which they would merge and then immediately take over vastly bigger William Hill.The company rightly rejected an initial approach, and Gadfly's Chris Hughes argued on Friday that a change to the offer structure might work. Monday indeed saw the suitors present a revised offer, one that raises the valuation and the size of the company's share of the new firm to 48.8 percent from about 44.7 percent.But this was spurned as well -- in fact, the two sides disagree on the value of the new approach, with William Hill saying it's worth 352 pence a share, while Rank and 888 claim it's 394 pence. The share price premium and bigger holding don't get around the fact that the deal is complex, and would still burden the new company with significant borrowings -- 2.2 billion pounds, according to William Hill.Lack of FaithWilliam Hill's foundering share price suggests investors don't expect Megabet to happenSource: BloombergIf a private equity bidder, possibly in conjunction with 888 and Rank, were to come forward, that might lead to a more acceptable outcome. An offer of, for example, over 400 pence in cash would give William Hill shareholders a clean exit, and would be harder to turn down. Then the acquirer would be free to add on leverage.Of course, Rank and 888 should be able to pay more because of the extra synergies they can bring. They point to annual savings of 100 million pounds a year, or 52 pence per share. But William Hill shareholders would have to take this on trust, and the benefits will also take time to come through anyway.The shares fell more than 3 percent on Monday to 323.2 pence, below either sides' assessment of the offer value, indicating that investors are assigning a low probability of the approach succeeding.Barbarians at the Betting Shop might not have such a catchy ring. But to William Hill shareholders it would be more appealing than what's currently on the table.This column does not necessarily reflect the opinion of Bloomberg LP and its owners.To contact the author of this story:Andrea Felsted in London at [e-mail] contact the editor responsible for this story:Jennifer Ryan at [e-mail]

[frankiethecabbie] 15/8/2016 17:47

https://www.bloomberg.com/gadfly/articles/2016-08-15/peppa-pig-potential-buyout-is-lesson-for-william-hillThis could be the way forward

[frankiethecabbie] 15/8/2016 13:12

But they won't pay £3

[coxsmn] 15/8/2016 12:20

Wmh buying 888 makes more sense.