William Hill Share Discussion Threads

[philanderer] 19/4/2013 09:10

Morning George.

I think a lot will depend on the general markets, which in all honesty have been rubbish lately.

We`re up on good volume , 3.5m already traded , and the conference call has been going 30 minutes.

[georgeg2] 19/4/2013 09:06

Are the feelings that this could get to 440 QuickTime?

[philanderer] 19/4/2013 09:02

Morning all.

Couldn`t have asked for more than that :-)

[trentendboy] 19/4/2013 08:57

Excellent results. Compared to ladbrokes they are exceptional. They are really pulling ahead now. Lads have to act quickly to salvage this.

Invested heavily based on return and future return

[rathlindri] 19/4/2013 08:43

Good positive statement as predicted. Market seems to approve?

[philanderer] 18/4/2013 23:48

Friday's agenda: William Hill to make progress in heavy going

William Hill (LON:WMH) shareholders might be a bit nervous ahead of Friday's interim management statement after Ladbroke's recent gloomy update.
Panmure Gordon thinks investors need not worry. It is expecting the group to report continued strong growth in Retail and Online operations.

"After seven weeks, Retail net revenue was up 13% and Online net revenue was up 29%. Whilst we expect Q1 revenue growth rates to have moderated, the record-breaking Grand National result should comfortably underpin current market expectations of £344m EBITA (£321m EBITA excluding Sportingbet) which reflects underlying structural growth, but reflects the pressures of increased taxation on gaming machines," the broker said.

Peel Hunt is a bit more cautious, however. It lists race meeting cancellations and a large number of favourites coming in at Cheltenham - the same things Ladbrokes cited - as major obstacles to the group showing growth in underlying earnings (EBIT) from a year ago, especially as Cheltenham last year was a good one for the group.

Peel Hunt also notes that while a 66/1 outsider winning the Grand National would have been a terrific result for the bookies, that result came too late to affect the first quarter performance.

Nevertheless, it is still betting on William Hill delivering an improving in first quarter EBIT.

[trentendboy] 18/4/2013 21:58

A fair review and fits with my thinking but a return to 500 is warranted

[birdsedgeuk] 18/4/2013 21:46

See the site www.traderdiary.co.uk has been updated

[philanderer] 18/4/2013 19:54

More than happy to end the week where we are tonight..... that Dow Jones is tanking yet again !!



Friday preview: William Hill to report strong first quarter

LONDON (SHARECAST) - Gaming company William Hill is expected to post a strong first quarter on Friday on the back of double-digit revenue growth from its online division and betting shops.

The betting giant will report earnings of £344.1m, according to analysts.

The first seven weeks in which online and betting shop revenues rose 30% and 13% respectively, is expected to boost earnings.

William Hill recently completed two significant transactions, spending a combined £900m on Sportingbet's Australian operations and buying the 29% minority interest in William Hill Online (WHO). It was part funded by a £374m rights issue which came after an impressive 2012 performance.

Canaccord Genuity said the deal gives the company a leading position in the fast growing and regulated Australian online gaming market, with scope to build a strong position in Spain.

"Online growth will be held back in FY13 by tough comps (European Championships, exit from some markets), while retail profits will likely fall due to the revised UK machines tax," the broker added.

"Nonetheless, we expect a strong Q1 IMS on April 19th, buoyed by a record Grand National and helpful run of football results. Consolidating control of WHO makes good sense and the price looks fair.

"With an increased percentage of online profits (47% in FY13), a growing track record of operational out-performance and strong current momentum (17% revenue growth in first 7 weeks of Q1), a premium looks justified, but we see little scope for further re-rating."

[caramelsoul] 18/4/2013 17:38

What price are you guys hoping for tomorrow?

[georgeg2] 18/4/2013 17:17

Fingers firmly crossed!

[philanderer] 18/4/2013 10:02

Morning George, WMH a firm market this week. Fingers crossed for a good trading update statement tomorrow morning :-)

[georgeg2] 17/4/2013 20:38

Thanks for clarifying philanderer.

[birdsedgeuk] 17/4/2013 17:31

Think worth buyin in when www.traderdiary.co.uk did so.

[philanderer] 15/4/2013 20:04

George, that 914,142 @ 380.6p was the 'UT' (uncrossing trade).. just matching buyers and sellers

[georgeg2] 15/4/2013 19:41

Nice 914k shares purchased at the close of play.

[barryrog] 15/4/2013 18:35

i think that William Hill will benefit from Ladbroke's demise as on line betting and gaming m/cs have increased considerably this quarter.

[rathlindri] 15/4/2013 17:18

results on friday predicted to be (very) positive??

[philanderer] 15/4/2013 11:34

Ladbrokes warns on full year profits after poor racing run

"....Analysts said Ladbrokes had work to do to match William Hill, which is due to publish its first-quarter trading statement on Friday."

[philanderer] 15/4/2013 11:24

Trent, I think a lot of it is Ladbroke specific

Bounce on that Betfair news..

'Betfair shares surge on CVC takeover talk'

CVC Capital, the private equity firm that owns Formula One, has held talks about making a takeover offer for online betting exchange Betfair.

Following reports over the weekend, CVC said in a statement on Monday that it had held preliminary talks with other investors about a possible joint bid.

[trentendboy] 15/4/2013 08:56

They were hit by a fall in high roller profits but even so, it is a concern

[birdsedgeuk] 14/4/2013 15:35

Seen em covered on traderdiary.co.uk