Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
thechancers, as you say Caesars Entertainment (old Eldorado) must be the preferred by the board, they work closely already and have past history. But can they get the money together? As AF pointed out some months ago, their bank account must be well in the red!
Must admit, I was on the sell button on Monday before the SP dropped ans even yesterday on the sharp rise of 20% until the news filtered out. Its been a rough year for any share holder who had bought into WMH before covid and watching the SP drop.
Since news, I am holding out for the big numbers. I believe that caesars will take over WMH since they have put a lot of investment into WMH,
£4 gives me a bagger, No regrets about not buying low because i have been over exposed since averaging down over a year ago.
Wmh is in a great position. Pmoran I totally agree just when the company is going places someone comes along and takes the future opportunities. As I said last night it’s not just the shares, it’s the people. However is it capitalism and we here all take part. For me if it has to happen north of £5 sounds ok (at least it takes do I sell out of the equation!). What a position to be in, two bidders, and if it doesn’t happen then a JV with Caesars, and if that doesn’t happen 30%+ of the US. Market what’s not to love about that.
3.00 was the first day of trading after the news broke, shares rarely hit the price offered on the first day as its just that.. an initial guess. There will have been lots of people selling to take profits but on the other had some instructions buying as they have a better idea of the end game. Next week i expect a further increase as there is a better understanding of the value and therefore probable offer.
Pmoran... totally with you but I have no doubts that the there is no possibility of the william hill board accepting anything less than fair value, irrespective of where the share price might be sitting due to a pandemic. The price will have to include fair value for what they have now in the USA plus some for the potential. They will not imo accept anything below £5.
An amazing day yesterday, well an amazing couple of months. Will be a very interesting weekend as the press start to get more and more info. It’s been all over the US TV I’ve been told.
I hope you are correct, 500p would be amazing. The market doesn’t know what price has been tabled so they gave us 300p estimate.
I can remember re reading the Q2 H1 results, especially the US market thinking this can’t be right, this is huge and a bargain!! Good luck everyone, whatever your strategy is and well done for holding thus far.
Am I the only one who isn’t dancing naked round the kitchen celebrating? I have posted before about my biggest fear with William hill is that someone would come along with a cash offer effectively robbing us of the expected growth that the us gambling market will provide. I’ve held for a long time and added to my holding when the share price was depressed so I’m sat with an average share price around 130 in my isa and 80 in my sipp. I was concerned about a cash offer arriving at 50% premium to the sp when were we hovering around 100 but even at 400 or higher it will still be disappointing. Granted I will have more than doubled my money so I won’t be crying into my beer but I still maintain the us gambling market will be huge and I was rather hoping that at some point in the future I would be holding shares in both William hill plc and William hill USA rather than a cheque.
Iam a definitel hold , it may drop if offers refused but then it will gather pace then let’s see who can hold there nerve , exciting times
Listen wmh are in a strong position, the bidders know the figures and possibilities of the USA market they are not going to try a silly offer, neither of them are going to place a stupid offer which has cost them money already to put together , it has to b atleast 500 and now there are two it’s a completely different ball game and who’s to say another bid may come in , I hope they refuse offers and become a monster in America in 2 years 10 plus a share
One thing to remember, the bid needs to be higher that the share price, so it would be stupid to sell under £3 . Next week will be the telling week and what people are prepared to pay for the shares. Anything over £4 would be great for me, but it's going to be important for anyone making a offer to do it soon like what happened with Hastings recently.
Quite possibly the bid price will be 330 giving a 10% increase, today's rise indicates what the market believes wmh is worth with the rise in price.
Once a bid is made of 330, it's then upto wmh to negotiate the price up, even better with 2 bidders so we get the max share pric, but depending on how soon the first offer comes in, I think the starting price will be 330. Let's see
How much would the Board take for a recommended offer? 450p to 500p minimum is my guess. William Hill could be the biggest sports betting company in the World. Way ahead of the UK competition at the moment in the US. 5 billion dollars sounds a lot ....draft kings mkt cap is 19 billion dollars tonight. Dont sell too cheap imo....this is not a ramp or a rumour and the story is just starting.