The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I got in around 38p !!!
This week -
Deutsche Bank today reaffirms its buy investment rating on William Hill PLC (LON:WMH) and raised its price target to 160p (from 140p).
William Hill (WMH) is benefitting from a rebound in trading following the easing of lockdown restrictions but the bigger opportunity is in its US market, says Jefferies.
Analyst James Wheatcroft retained his ‘buy’ recommendation and target price of 305p on the shares, which rose 8.9% to 127.6p yesterday.
He said a ‘robust rebound in trading post lockdown and the return of sports fixtures is in line with peer updates’ and the liquidity in the company ‘remains strong’ thanks to a £200m VAT refund.
However, technology and the US are ‘key areas for investment’, giving US rival DraftKings as an example.
‘Take the DraftKings valuation and assume that William Hill can gain half DraftKings’ US market share [which] equates to a c.640p [per share] valuation,’ said Wheatcroft.
For once it looks like i caught a stock near the bottom !!
And yes this looks very promising GLA
Hi all, been on a UK break this week! Well what a week it’s been. From 3k down to as I type -£230. Well done all that held their nerve over the past months. Hopefully now we should stay in the 129-137 range (realistic, but higher the better!) with a push up to the 170-200 once the world gets to a bit of normality.
Hopefully November will be a turning point, Trump gone and positive news on a vaccine.
The way the company are going £3 is realistic. Last year the company made a very big decision to close 700 betting shops following the £2 max limit on gaming machines. It can’t have been an easy decision as it cost the company a huge amount of money to do that and the share price plummeted as a result. But what a brilliant decision it has been to streamline the company and shift focus on to digital and overseas. Another 119 shops have closed with very few redundancies. It’s paying off. WMH are being run absolutely text book - every decision is so impressive. WMH are in a far better position now than probably ever before. Focusing on growth online and overseas is where the future lies, not those gaming machines.
Citywire this morning:-
Jefferies looks to William Hill US opportunity
William Hill (WMH) is benefitting from a rebound in trading following the easing of lockdown restrictions but the bigger opportunity is in its US market, says Jefferies.
Analyst James Wheatcroft retained his ‘buy’ recommendation and target price of 305p on the shares, which rose 8.9% to 127.6p yesterday