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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| William Hill Plc | WMH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 271.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 271.80 | 271.80 |
| Top Posts |
|---|
Posted at 23/12/2020 10:23 by meltwood Could someone kindly advise an amateur investor like me, why and what is the point of continuing to hold WMH shares now the deal has been done. I accept there is a 2p difference in today's price and the offer from Caesars but to have to hold these until the deal goes through next year, to me, makes a difference of £200. It just seems a no-brainer to continue to hold or am I missing something? Thanks |
Posted at 27/10/2020 09:47 by adeg The deal is nowhere near complete. The fat lady is only just warming up her vocal cords. The company is seriously undervalued at £2.72 per share and the market agrees, which is why the actual market price is higher.The WMH directors were backed into a corner and forced to recommend the offer from Caesars due to the threat of them backing out the JV. But Caesars need WMH more than WMH needs Caesars, the shareholder vote is a massive hurdle and I just cannot see them getting the 75% unless they up their offer well into the £3's. At £2.72 I would rather walk away from the JV and allow WMH to attack the US market without Caesars, in the long term I think that would provide better returns. |
Posted at 04/10/2020 15:06 by base7 Ceasars only want the US business & they carve up Wmh with Done they get what they want ,Dine has to accept shops (for zero cost )as part of the deal & get the Uk/European online business cheaply .Done will no doubt close a fair number of retail units as leases come up for renewal & a reversal of BET Fred into WMH provides interesting tax planning opportunities for Done Family .Inky relevant time shareholders if the bid price increases to accommodate the transaction & humour any dissenting Institutional holders |
Posted at 04/10/2020 09:59 by base7 Fred could be tempted to reverse his business into WMH ,if he still believes in bricks & mortar but surely Caesar’s would block any US aspirations ,although it could be a joint carve up -Done gets all but US for next to nothing & Ceasars get what they want .Interesting to see if that helps current shareholders in WMH |
Posted at 02/10/2020 15:24 by nashwan123 I have just received a copy of the takeover document. On the face of it the offer appears reasonable, with 'ifs and buts' about economics thrown in; especially tighter European regulation.My take is that WMH have a highly developed software platform called Liberty and is highly scaleable. In June it successfully raised £224M and was oversubscribed. This money was used to support the balance sheet and help with promotions in the US market. It also recently took up a promising relationship with the national broadcaster CBS. As WMH stands Caesars estimate they could jointly generate between $600 to $700M in FY2021. So if we accept the offer we will not see any of the capital or dividend growth Caesars anticipate.Also we will lose out on the growth with CBS and the aquisition benefits of Mr Green in Europe. |
Posted at 30/9/2020 12:32 by nashwan123 WMH are making money and will get into the US market with or without Ceasars. Growth will take a bit longer.REJECT the offer that undermines PIs and WMH long term prospects. WMH were over £2 and on course for £3 before the cheeky offer came in. |
Posted at 30/9/2020 11:35 by fletcher270 Bloomberg suggest Caesars are pushing WMH around and it's a good deal for Caesars and not so for wmh |
Posted at 29/9/2020 09:10 by gbh2 It actually reads:Possible Cash Offer William Hill Shareholders would be entitled to receive: for each William Hill Share 272 pence in cash. Which the board of WMH have stated they're "minded to recommend to shareholders" Given that Caesars is already a Partner of WMH they don't need to offer more, there's no way they'll agree to WMH going to anyone else. |
Posted at 28/9/2020 21:52 by cumnor Would be happy if Caesar's pulls out-William Hill will be welcomed in the US with open arms and, after this, plenty of companies will be eyeing up the brand-big even in the US-along with their sport betting expertise and online platform. Caesar's can see plenty of new incumbents as it is and will have enough competition. WMH would cement their brand.Companies like DKNG or Penn, whose market caps have quadrupled in no time, and dwarf WMH, would be aware of the importance of having a business with WMH's expertise in the gambling field on board. Many of these companies are new and good tech companies but lack the 'betting' expertise and mgmt needed to stay in the game long term. Look at Paddy Power's foray into the US as an example of how companies like this can succeed in the US market. |
Posted at 28/9/2020 09:28 by nashwan123 Nearly 3 months ago Jeffersons had a price target of £3 and so well before this offer of £2.72. The valuation was partly based on significant increase in ‘lockdown̵However I think in as short a period as 18 months, WMH on its own would be valued in excess of £3. So for me the offer is cheeky and undervalues what PIs could be earning in future dividends and growth of business. |
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