William Hill Share Discussion Threads

[trentendboy] 24/6/2020 08:09

The news that Evolution is buying NetEnt in share deal shows more consolidation aheadJust a matter of time here

[smartie6] 23/6/2020 22:02

No, definitely after close. Ticker price went through at 129.

[trentendboy] 23/6/2020 21:32

They must have d been worked through the day Explains the early weakness and why it could not breakout despite good US moves

[smartie6] 23/6/2020 20:30

Large sells after hours. Would not be surprised to see 129p open.

[trentendboy] 23/6/2020 17:02

Agreed Just see any price below 1.50 will be seen as an incredible bargainThe bidding war story makes sense to me

[the white house] 23/6/2020 12:11

Gone long March 133. No brainerThere is an argument that the strongest sportsbook operator in Nevada with 100+ outlets will see no erosion of its base with the California delay. 100k per weekend from C to Vegas will have no need now to not recommence. Hills are by far the most experienced and trusted name in the US and this will out in the end

[frazboy] 23/6/2020 10:49

Tempted to agree with you there payney - WH much more volatile than the other bookies due to the recent placing and its lower conviction share holder register.

[trentendboy] 23/6/2020 10:44

Yes - falling back to close to the 128 makes senseThat is why I see this as a short term bottomShould move on from here and the extra cash will be useful and generate good returns Still think this is the best value for money play out there

[payney36] 23/6/2020 10:20

As GVC ARE UP IS NOT MORE OF A CASE OF people selling £1.28 offer sales fOR A PROFIT.SHOULD HAVE been arights issue,us long term holders have been well shafted..But I undertand in the long term Hills are looking good still..

[trentendboy] 23/6/2020 09:15

5% fall oversold


Had to go long at that price - could jump back to 160 very easily but more importantly corporate action is just round the corner

And if not...the money raised will support organic US expansion building on the work already done.

Really seems to be the best bet out there at the moment.

[oohrogerpalmer] 23/6/2020 08:49

It's lost revenue to California because other states are taking online bets from their residents and a lot goes underground.
The yanks think because they ban it nobody is doing it.
They have been missing out on millions since their crazy ban.
What country in the world bans online betting but allows you to walk into your local store and buy a gun!!!!!!

[frazboy] 23/6/2020 08:44

From the placing RNS:

"The proceeds of the Placing will be used to strengthen the Company's balance sheet providing strategic and financial flexibility during these unprecedented times, and to ensure we have a balance sheet to match our long-term growth ambitions. We believe that the Placing will allow us to continue to execute on those ambitions, most noticeably in building on our leading position in the fast-growing US market. Importantly, it will also provide wider Group resilience in the event of further economic and regulatory disruption"

US expansion was one of the key reasons, stated, for the placing. The market reaction is understandable even if it's only one state (California is one of the most heavily populated and rich states).

[melody9999] 23/6/2020 08:35

Understood Jock - but this is not lost revenue; it is only revenue that might have been expected and therefore that expectation was baked into the share price.

It is a specific reason as well so other states unlikely to be affected (unless they have equally important Indian tribes I guess)

[oohrogerpalmer] 23/6/2020 08:34

Yeah, and have you seen the size of their budget deficit -
An eyewatering usd 54 billion !!!!!
They are giving up a lot of tax revenue but then again nothing surprises me about Yankee land. It seems if it doesn't involve a gun then nothing gets voted through.
Perhaps they should instigate a bill that you can gamble online if your riding your horse and gunslinging.

[jock363636] 23/6/2020 08:27

Have you seen the size of Cali

[melody9999] 23/6/2020 08:26

Thanks - so that decreases the value of WMH by 5% ?? Seeems an overreaction.

[stevejamessmith] 23/6/2020 08:20

https://www.sacbee.com/sports/article243619977.htmlNo legalisation of sports betting in California, for now at least. Plenty more states to concentrate on until then.

[heliweli] 23/6/2020 08:18

California pulled the bill. 2022 at soonest now.

[melody9999] 23/6/2020 08:15

whats the news John?

[john09] 23/6/2020 08:13

US news seems to be impacting here

[oohrogerpalmer] 23/6/2020 07:36

Problem is that IF there was a t/o approach from draftkings or Fred in the near future , based on current price we would be looking at £1.80 - 2.00.
Hopefully California will take the next step today with their online bill vote and the share price will respond. If they do pass the legislation that will certainly increase the interest for a potential t/o.
We need current price to be around £1.60 to get an offer over £2.20 - £2.40

[lukesonofvader] 23/6/2020 04:01

Only fly in the ointment is a certain Mr. Fred Done that owns close to 5 percent of the shares in William Hill now through his Betfred share purchases past few months. He has come out with statements seemingly just as bullish as I am on William Hill's position and potential in the US as well. Perfect outcome would be for a bidding war to break out between him and Draftkings for control of William Hill. Then I can see 2.50-3pounds easily in next 4 months, and let's not forget Fred is a Billionaire with no shareholders or board of Directors to answer to. He has the cash and can move fast if he needs to. Let's all just hope Corona doesn't screw it all up for us in the short/medium term.

[lukesonofvader] 23/6/2020 03:52

In the case of Draftkings, they have announced a fairly sizeable public offering, just in the last week, to sell 40million of their Class A shares over in the US to raise circa 1.6 Billion USD (coincidentally around the current ballpark market cap figure of William Hill). They are doing this with the explaination 'DraftKings intends to use the net proceeds it receives from the offering for general corporate purposes', which sounds like jargon for M&A to me. In my opinion, up till now Draftkings has seen FanDuel (Flutter owned), as their main competitor, although they have increasingly branched out in their offering from being solely focused on Fantasy Sports Tourney style leagues/bets to now offering more straight up sports bets, online gaming/casino slots, and with the lockdown in the US they have seen the online sign-ups and revenue in these other new streams boom for them. They have identified William Hill as the leader in this field (and rightly so), and can buy them out to reduce superior competition and significantly increase their overall market share in legal states other than New Jersey. As an added bonus, Draftkings will then also gain a lucrative foothold in US Vegas Casinos, through William Hill's sportsbook exclusivity partnerships with Ceasar Casinos and Eldorado Casinos....Looks like a win, win, win, win, win scenario to me.

[lukesonofvader] 23/6/2020 03:20

The way I see it this stock plays out one of 3 ways;
1). Draftkings buy William Hill at some point in the next 4 months.
2). Betfred either alone or jointly with Scientific Games (their US market expansion partner) buy William Hill at some point in the next 4 months.
(In either of these two scenarios I see a take-out price of between 2-2.5 pounds per share, which I think is cheap on forward guidance/potential, but fair when you factor in the Corona uncertainty and affected income going into next year). I expect a cash offer in the case of Betfred, and cash or cash plus shares offer in case of Draftkings.
3). Corona second wave picks up momentum, cancels more sporting events/seasons again, potential suitors will be put off for a while till they can see light at the end of the tunnel and William Hill will be left to go it alone again ploughing more money into shops and US expansion with share price dwindling back down to circa 90p levels.

[gbh2] 22/6/2020 09:20

imo we're seeing the large holders taking the profit on the 128p shares, which is exactly what I did last week, my holding is back to what it was before I took up the share offer.