William Hill Share Discussion Threads

[adeg] 21/10/2020 07:00

A 30% increase in US revenues, a 35% increase in international online revenues and only currently trading in 14 of the 50 states. There is huge potential and appetite for the product in the US and we are selling out cheaply at £2.72.

I will be voting no next month but hoping for an increased offer or a bid from Apollo before that.

If Caesars don't have the cash make it a share and cash offer.

[the white house] 21/10/2020 06:56

Shameful statement, rewritten by a copywriter with dull wording insertedUnpredictable sporting events implying bad when on the whole they have been better than usual The Hill sell out

[merism] 21/10/2020 06:17

Not sure why they needed to bring that forward.

[johnv] 20/10/2020 22:21

..and now someone bought 1.56m shares at 280p. That's strange, he is only going to get 272p a share soon.

[johnv] 20/10/2020 22:20

..and now someone bought 1.56m shares at 280p. That's strange, he is only going to 272p a share soon.

[oohrogerpalmer] 20/10/2020 18:50

Suppose it's like a free bet.No more bids come in you get your money back!!

[base7] 20/10/2020 17:34

Ceasars won’t be buying as I believe they can’t pay more than 272p

[the white house] 20/10/2020 15:20

Maybe Caesar knows it has to sweeten the pot to 290 or 300 say and is saving itself a few bob picking up in the market.

[fletcher270] 20/10/2020 14:27

Someone just bought 428,000 shares what do they know

[the white house] 20/10/2020 13:18

It would not surprise me, given the ease of accepting jumping into bed with Caesars and absolute silence from the compensated Hills management about going ig alone etc etc that tomorrow's results are, somehow, underwhelming.Given moving the date of the results into the bidding period from outside must have a reason. To put off Apollo coming over the top with a knockout bid that would mean Caesars HAVING to pay even more'

[bokkes10] 20/10/2020 13:12

Price is pretty robust suggesting that this is not over. Interesting week ahead.....

[tomv33] 20/10/2020 10:08

Possibility of a counterbid on the final day? That could send panic through caesars

[adeg] 19/10/2020 07:50

No Caesars owns 20% of William Hill US Holdco, William Hill have 80%.

However Caesars can refuse access to its US customer base if it doesn't like the owner of William Hill, therefore without Caesars the 80% is worth nothing, unless they can sell to someone else.

If the US Holdco is not listed within 5 years of formation Caesars can sell it back to WH but for a maximum price of £497.3 million, paid in new shares of William Hill UK. So if US Hold Co is worth £3 billion, Caesars still only get £497.3 million for their 20% not £600 million.

[tomv33] 19/10/2020 07:37

Current william hill has access to the US gambling market. If caesears is to cut that deal then william hill only loses 20% of the access to the us gambling market, they don't loose the whole 100%

[merism] 19/10/2020 07:27

What do you mean by 20% of the US market? Market access deals?

[the white house] 19/10/2020 07:20

Trading statement now on weds. Have they moved it from 11 Nov or am I going mad. I think it has moved to be now inside the 28 days for bids. IntriguingWhy would they do this'

[fletcher270] 18/10/2020 09:33

Sunday Mail reports Apollo are still considering their options they think the takeover still has legs

[tomv33] 17/10/2020 09:06

Caesars only gives wmh 20% of the US market. Other 80% would still be accessible.

[johnv] 16/10/2020 10:01

Why would apollo wait until the last minute to bid?

[merism] 16/10/2020 10:00

Apollo unlikely to bid imo. WH US without the Caesars market access deal isn't worth buying for Apollo.

[adeg] 16/10/2020 08:46

One week to go until Apollo have to declare themselves in or out of this race, could be an interesting 7 days. I'm expecting that there will be a counter offer made next Friday morning. Hopefully this then generates a bidding war.

Otherwise I can see the £2.72 being rejected when it is put to shareholders for a vote.

[fletcher270] 14/10/2020 13:45

I think since the offer became common knowledge the price has been depressed with gvc results I think had the offer not have been forthcoming the share price would have been around the £2.7 Mark anyway