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WMH William Hill Plc

271.80
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
William Hill Plc LSE:WMH London Ordinary Share GB0031698896 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 271.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
271.70 271.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 271.80 GBX

William Hill (WMH) Latest News

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William Hill (WMH) Top Chat Posts

Top Posts
Posted at 07/9/2021 14:50 by the white house
Nice sale price for Billy's & who knows the name may make a comeback possibly, Caesars up from 50 to a ton + since the takeover for those few that carried on the legacy
Posted at 19/4/2021 08:58 by redbaron10
Hedge funds nibbling around the bid level, and just above, on the prospect the Caesar bid could be scuppered by judges.With gambling stocks on the move because of lockdown and people isolated at home on their smart phones and lap tops and bored looking for something to do.272p is the bid price.
Posted at 07/4/2021 12:43 by the white house
Nibbling above the bid price here, after soooo long, no idea why but I do know that Caesars are up 80pc since the bid, so jolly nice
Posted at 16/11/2020 13:00 by adeg
no it's a "good" deal based on the recent share price, but its not "great" for long term holders. This is an opportunistic bid that will probably succeed and they have sold out before the potential can be realised.
Posted at 11/11/2020 22:38 by adeg
Smartie, I've already told you I think closer to £4 per share is the right price. The US operation is worth £2.72 by itself plus the European side. I am more than happy if this gets voted down and the price drops back below £2. I will pick up more as, IMO, in the next 2 to 3 years this will go over £4 per share in the normal market.

They are only currently operating in 14 out of 50 states in the US, massive market, massive potential. Caesars are getting this on the cheap.

What I don't understand is why aren't Caesars buying shares in the market. The price is below their offer price so every share they buy saves them money and more importantly gets them another guaranteed vote. Circa 28 million shares were traded in the last 3 days below the offer price, 2.6% of the company, they should be building themselves a stake at a reduced price.
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 01/10/2020 18:44 by zinos73
I bought in at an average of 134 and still see no reason to sell. With what has happened to the share price over the last 3-4 months, then sure, this looks like it’s got “carve up” written all over it but I only see 272 as rock bottom unless there is no takeover (which imo is an impossibility) and then Wmh will drop to pre takeover levels, but, and this is the big but, their position in the next huge betting market in the world is No.1!! Let’s wait and see what happens and for now I am happy to hold until at least the 23rd October. Good luck all.
Posted at 30/9/2020 15:13 by oohrogerpalmer
Don't understand why share price is above offer.
Had several shares over the years in companies that are taken over and in every one the share price was always 2 -5p below the offer price.
Markets are definitely edging bets towards another bid.
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 26/9/2020 17:19 by johnv
Yes,I noticed it this morning, so here is the message

The Great Correction on WIMHY yahoo wrote this:

(Quote)
:
I think a true valuation on this equity might surprise (pleasantly) some people.
I did 10 minutes of math the other day and here are the numbers I came up with....

From what I could find, DKNG commands about a 38% market share of sports betting in the US.

WH enjoys about a 25% market share... from the 1 in 4 sports bets are placed through WH.

Today, DKNG's valuation stands at about 19B.

Some very simple math will get you the valuation per percentage point of market share...

Going on DKNG's current valuation (about 19B)

19B/38%= gives you about 500M per percentage point of market share.

Apply that metric to WH and you get a valuation of 12.5B.

Even after today's move, WH sits at 4B in market cap.

So... 4B/12.5B gives you the percentage that WH is currently discounted... 32 or...
68%.

If you're going by DKNG's valuation, WH is currently (even at today's prices), undervalued by 68%.

Currently we are valued at $4 per B in market cap. $16/$4B.

If the sale of this company unlocks its true value, based on what its peers are trading for...

you're looking at a share price of $4 (12.5B) or $50/share.

That's without any kind of premium that could absolutely get paid if a bidding war unfolds like some are predicting.

(Unquote)

That would make WMH about 969p.
William Hill share price data is direct from the London Stock Exchange

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