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How can this deal be ratified now with the share price today touching almost 277.00? If you've sold at 270 or 272 to obtain your remittance, and you could have obtained 5 to 7 pence more per share, you're going to feel a little peeved to put it mildly.
I still hold my shares, so what should I and the many others in my position do? Will we lose the difference if the deal goes through and what happens if it doesn't? And why is it taking so long for the judge to give a ruling ?
Impossible questions I know but it's edge of seat stuff.
Poor form from the competitors
https://www.theguardian.com/business/2021/apr/11/ladbrokes-keeps-covid-furlough-payments-despite-online-betting-surge
We got totally low balled on the offer and we were lied to really
If deal goes through, iam buying back into czrs , no brain for me
Yeah weird really czrs going up , means one thing imo if it does goes through be a no brainer moving forward for investment.
Not sure when the hearing is thought it was ongoing maybe I'm wrong was thinking it was like a stewards inquiry the longer it goes on the likely hood its reversed -).
Any idea when news of hearing is , but strange wmh sp going up , but so is czrs, I would have thought one of them would drop ?
Cheers Ironknut, used to work for WH so got the shares from a share-save scheme.Must admit done quite well with them over a number of years, dividends etc. just thought with price going to 2.75 I`d get rid rather than wait, Assumed it was a done deal with no hitches,
the joys of share-holding eh?
Selling Certificated shares, or buying them is regularly becoming a serious problem. Hope your problem works in your favour,should Wm Hill bargain SALE fall through . Good luck
https://igamingbusiness.com/raketech-eyes-william-hill-ceo-as-new-chairman/
Anyone know why I couldn`t sell my certificated shares today?Read somewhere that WH had asked for trading to stop,but still trading today? What if deal falls through or drags on.
Had budgeted for this going through early April, which could cause me some problems if there is a delay etc.
Should never have accepted Crs offer in the first place in my humble opinion
Takes about 10 attempts to stay logged in and actually post something.
If Takeover fails are we due 275M compensation still from Ceasars or will this be down to Ulrik and his crew meaning that part of the deal would be void
This site is shockingly bad recently
SP wouldn’t drop, only scenario where that happens would be Caesar’s pulling out and no one coming in with an offer which if you look at the context of American entertainment companies looking at uk/eu bookmakers is highly unlikely. For those who have hung on to shares or like myself work for the company and are in a share save scheme the deal not getting confirmed is probably a good thing. It would lead to a second vote on the deal which would be hard to predict as Entian (Coral Ladbrokes) turned down an £8.1 billion bid when WH accepted a £2.9 billion offer. Shareholders may look at the offer differently from November but I wouldn’t like to guess which way they would vote.
If the deal gets knocked back , it’s going to open up a right can of worms , mgm ? Apollo ? Would they bid , would the sp drop ? Would czr pay any more , because it went through at 272 would anyone pay much more , would there be a new vote , a lot of shareholders would have already sold, how would that work if czr pulled out of deal completely where would that leave wmh , this could get very interesting now
It will be interesting to watch czr share price today ,
Definitely a concern, however despite the glaring undervaluing, I can’t see how this won’t be passed. Too many shares already sold, how can this possibly get declined at such a late stage?
This reserved judgement suggests that the judge is giving very serious consideration to HBK's arguments against ratifying the deal. Normally these High Court approvals go through on the nod in ten minutes.
Brown trousers time in the boardroom. Twitchy bum time, at least. This is as exciting as betting on photo-finishes at the races. If had five grand to spare, I'd go long on WMH today. There's nothing to lose with the SP at 272.7p and possibly much to gain.
No - it's delayed for a few days as the judge requires more time.
Sorry it hasn’t yet , I was given wrong information
Deal gone through
Deal gone through
Good question Morbox. Imho, CZR would be mugs to terminate. Why? Because they have no experience of bookmaking. Bookmaking requires real skill, whereby you pitch the odds on a contest so that your book is "round". ideally at 108%, so whoever wins, you'll only pay out 100% and trouser the 8% margin. This balancing act has to be done in real-time as different amounts are wagered by your punters and you keep changing the odds to maintain the proportion, so for each £108 of total bets, the payout will only be £100 max.
The Americans have only ever offered even-money bets, via the Over-Under and Spread, which are singles and unsophisticated. UK Bookies offer all manner of singles, doubles, trebles, Yankees, Heinz and accumulators. Plus "In-running".
The NFL (& Baseball) is tailor made, with it's regular two-minute advertising breaks, for the sports books to offer odds on whether the next play will be a run or pass? How many yards will be gained? Will it result in a TD? If CZR fires WMH, then it'll have to find a new partner, which would it back at least 12 months, because all the software, connecting the mobiles to the website is Hills.
Right now CZR + WMH have 19% of the market and risk losing the lot. The baseball regular season starts tomorrow! I'll be very interested in what the judge has to say today. It wouldn't surprise me if he, or she, upended the deal.
AF getting a bit spicy! Yep the Done Bro’s want to keep on the right side of Caesars. I wonder if it did all fall through would Caesars terminate the partnership with WMH?