William Hill Share Discussion Threads

[loganair] 03/6/2019 11:49

City analysts suggest that news of the cancelled deal could have been leaked to put the bookmaker in play and bring other buyers out of the shadows. One suggestion that an enlarged Eldorado-Caesars could take the “logical next step” of snapping up the UK outfit for its expertise in online gambling.

Caesars, which is valued at almost $5.9bn on Wall Street, has been put under pressure to pursue deals by activist investor Carl Icahn, amid falling sales in Las Vegas last year.

[loganair] 03/6/2019 11:45

William Hill and Caesars Entertainment held talks over a potential £6bn ($7.59bn) merger last year.

Both parties discussed the possibility of a cash-and-shares deal but talks ended due to a disagreement on price.

Caesars, which has 53 casinos in 14 states and overseas, had the potential to create a £6bn business, based on Friday’s share prices.

Gambling Insider understands William Hill has held plenty of discussions in the US but is remaining patient over securing the right deal, whether that is with Caesars or another company.

The operator has a five-year-plan to grow its digital platform in the US and recently struck a deal with Eldorado.

Caesars previously held talks with Eldorado Resorts over a potential merger and Gambling Insider understands William Hill is in favour of the two parties agreeing a deal.

Eldorado owns 20% of William Hill’s American business, which indicates further talks may not entirely be off the table.

[stupmy] 03/6/2019 10:57

Those who can will be verifying the story now and doing their best to find out the price. I would have thought that if discussions are happening, are serious and have reached the point of a tentative price, then an RNS wuold have to be published. For my money this mornings spike up sets a marker for an initial price target and we'll start to move towards 140 soon.

[tsmith2] 03/6/2019 10:02

Any price mentioned?

[archibald5] 03/6/2019 09:50

Interesting reading, thanks guys. I was stretching my head wondering why price is what it is.

[stupmy] 03/6/2019 08:15

There's a gap from this morning on the 2h chart that will close soon at 134. After that it might very well be worth looking for additional entries.

[meek] 03/6/2019 08:11

At it's current price, it's ripe for the picking. Hills will get taken out before the end of the year.... maybe even a lot sooner.

[stupmy] 03/6/2019 08:05

Ah, thanks Rathean, was looking for a cause for this mornings rise. Very welcome. Also Barclays rates it as 'overweight' (a few hours ago apparently). Fingers crossed it will pull away from the support.

[rathean] 03/6/2019 07:05

Potential merger with US casino player reported at the weekend (Times). Failure to agree price but US group persisting, WMH up for sale it would appear imo dyor ofc.

[rathean] 31/5/2019 16:31

Ignored, silly boy.Support held well again today with another late bounce, surprised it's withstood the selling but already below fair value imo dyor ofc.

[rathean] 29/5/2019 10:18

I suspect some are looking at the healthy yield and high gearing and mulling over a possible trim of Divs to pay down debt. That would be a prudent action and increase the attractiveness to potential suitors, but I suspect the bod think they can expand their way to further growth through acquisitions as evidenced with Mr Green and US investment. Either way I still think the share price is circa 30p below fair value all imo dyor ofc.

[stupmy] 24/5/2019 16:25

I'm happy that the weekly support at 131ish is holding for now. It wasn't very convincing today however and I don't see any evidence for the moment that the worst is over. I hope it is!!! Volume has been low today so at least there doesn't seem to be any 'conviction' selling going on.

[stupmy] 24/5/2019 09:14

It's really struggling to find buyers at the moment. For what it's worth I feel the markets in general are edgy and tentative at the moment so it's not just WMH. I was hoping it would be considered good value at these levels. But it still looks very risky.

[rathean] 24/5/2019 08:58

Another effort to break 131-132 support, interesting games afoot.

[stupmy] 23/5/2019 16:10

Recovering a little despite continued US market weakness. Fingers crossed that 2nd test of the weekly resistance is the bottom, double bottom even.

[stupmy] 23/5/2019 08:50

It's been a shaky day across the board today, banks, oil companies also hit hard. I think that the solid buying at that support for a 2nd time might very well be a double bottom. Only time will tell. Todays close will be very interesting. If that support had not been bought up, price could have plummeted here as retail investors lose faith.
It's always darkest before dawn. Let's hope it's dawn

[stupmy] 23/5/2019 08:39

Good bounce from same support area. Double bottom?

[boraki] 23/5/2019 08:34

Nightmare share

[rathean] 23/5/2019 08:32

Either way I'm holding, off to play with penny shares...

[tsmith2] 23/5/2019 08:29

unchartered territory - ouch!

[stupmy] 23/5/2019 08:28

About to retest the lows. Hope it's forming a double bottom!

[rbonnier] 23/5/2019 08:07

This is now being shorted and punished sub £1 .This is one incredible Pup 🐕 !

[technowiz] 22/5/2019 17:06

close 135.65-3.05 after a wee dip under 135p.