WMH.L Share Chat (WMH)

Expecting H&W will fly soon

HH - Yup, not my best year 2022 for tips.

Wonder if any will recover lol....................................

Hope you are keeping well and making lots of money :-)

Keep well my friend.

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and not forgetting NCYT = + 50%

% change for December. Merry XMas

SNG = £1.75 = +18%
THG = £1.78 = +24%
GSK = £15.40 = +4%
IMM = 7p = No change
IQAI = 6p = -7%
NCYT = £2.40

Forgot to say SPT is going exdiv on the 16th 4.1p.

Hi CJ, SPT drop was well over done, the news on slow down for H1 2023 was already out. I’m now in there big time hoping for a H2 recovery but happy to wait until 2024 and beyond. I will trade sell half as I’ve put £12k in! I do this a lot now just to bring my overall average down (all trading with a stock) which seems to work. Yes also in the regular div payers, M&G, Aviva, L&G, PHNX, but I don’t talk about DLG *(ffs). Hopefully next week DRG will give some good news.

I’ve only put a small amount into EVG. Now it’s there, I’ll add on any weakness or news (£380).

Morbox

Thanks for your thoughts Morbox, it’s reassuring that you see a lot of positives in EVG. I bought in here in November after the share price dropped from 7p to 5p thinking this looks really promising, however 4 months have passed since then and with very little news the share price has gradually declined to not much higher than pre-Stalicla deal news. Had I followed the share prior to this I would have realised I could have waited to buy in, but I am sure there will be a more regular flow of news soon, there has been a lot happening and updates should come with regards to how the Stalicla deal is progressing. The charts show that this share price can spike often and see some large jumps very quickly. 3 years ago the share price dropped town to 2.75p before climbing past 15p. I feel the same sort of movement could happen this year as there hopefully will be some good news. I don’t think this share price can drop much further than this unless they release bad news.
I agree that it was interesting what Huw said in terms of all pharmas make losses until the big day comes when it is bought out, I am sure that is the end goal for him to say that first and surely for those who run the company they will want to get rich from this rather than maintain their salaries long term, Huw himself is 64, would he really want to stay for another project after SFX-01 has completed all it’s trials?
I was looking into your SPT, it looks a good progressing tech company, I’ve been wanting to find a tech share because it is clearly one major growth market. Nice profits and seems to have a good future. I couldn't really work out why the share price fell 14% today, things seem to be strong for SPT. I will definitely follow the share going forwards, I generally only invest in shares where I have followed the share price long term and get a good feeling of whether the SP is high or low. I’m currently invested in Aviva, a share I’ve followed for donkeys years, the ex dividend date is at the end of March and the dividends are very appealing, 14p per share for the final dividend and 10p per share for the interim dividend and the share price is really solid, the share price has it’s dips but always seems to bounce back and float at around 450p.
I’ll look out for any messages you send me here, I’ll write here too if have any thoughts or shares I find interesting.

SPT, imo today entry price with a bigger spread than I would have liked 176p. See how that one goes!

CJ, spent sometime listening to Huw over the weekend, it does all sound very positive. One point I did pickup on was that $5m milestone seems to be at the end of 2023 (H2), but if this does transpire that will secure funding for the foreseeable future (not forgetting the $1m!). I’ll probably open a small holding so it’s on my daily radar during this week. Interesting that in the link you posted below, the comment on loss making! And buyout. I wonder if that’s the ultimate exit goal as the company is just virtual one and outsources the work. This is very different to VAL they’ve got rented their own lab, to do their work and outsourced work for others.

RECEIVED CHEQUE TROUGH THE POST ON WEDNESDAY WITH REGARDS TO THE SALE OF WILLIAM HILL SHARES TO CAESARS PALACE

With Halifax share dealing. Funds from sale received today

Eddie - No commision payable

price quoted as 132p....had just assumed would be sold at offer price of 272p...why the difference ?

Forgive my naivety, but will we have to pay commission on the sale?

Ronnie has it nailed on, those who own shares personally or via the share scheme should see a deposit with 20 days

It appears that the deal was ratified on 20th April, so according to the conditions, £2.72p will be paid in cash for each share held.
William Hill have announced that the resulting cash proceeds are expected to be credited to shareholders within two weeks of the effective date.
This means that the remittance will be advanced any day up to 4th May.

I would also like to know. My stocks have just gone down to 132? Should we have sold before the deal. I assumed once the deal went through we would just get paid off??

what happens to all the shares what people are left with

It's done - The deal is complete and Hills now form part of Ceasars as of today.

how long is trading stopped for

maybe because the shares ceased trading today?

Why can't you buy or sell these shares

Google showing Hills shares jumped back up to £2.78 at 12.28... maybe objection gone in?

well spotted, 22nd trading to stop

court signed off

Anyone got there money yet?

Next stop £5 choo choo

The Board certainly didn’t cover themselves in glory with this deal. Recommending a low price to shareholders, whilst simultaneously shafting their employees by agreeing to sell to an organisation that wants rid of them ASAP.

https://egr.global/intel/news/caesars-william-hill-takeover-rumbles-into-third-week-as-hedge-funds-circle/

Surely now this deal will be turned over and I'd be asking for odds that this will happen with the share price touching 278.00. It's obvious that what we all thought in the first place has come about, i.e. we've been sold down the river. However nothing is certain but one source says if the deal is scrapped the shares could rocket to the mid £4 range. We wait with bated breath.

Thanks for this, I do hold the paper share, as i say not many at all but im sick of waiting! HL said that i could open an account with them but they couldnt take on the share sale! Ill ring around this morning. I was very surprised to get the response from computershare whos number i got from the investor website section of williamhill.com said that the sale was agreed and no sales were now allowed and that my cheque was being raised for £2.72 the next day!

Paolo, Ciao! HL's claim that they won't sell your shares due to Covid has flabbered my ghast. If that were remotely true the LSE would have been shut for over a year. So if you have a paper share certificate (?), I'd suggest you call around a few brokers like Barclays, Halifax and Peel Hunt, and ask the question. Will you sell this for me, please? For a £15 fee, I imagine that one of them will. But, if no-one will help you, I suggest you ask the question at the LSE's own website. (londonstockexchange.com) Good luck.

https://www.thisismoney.co.uk/money/markets/article-9482733/William-Hill-delay-attracts-hedge-funds.html

thanks for your note. Im only left with a few shares (1500) i picked up a while ago and have been sitting waiting for some kind of offer to come along, though i did expect better than the caesars one. HL wont trade the shares on my behalf as due to COVID they say they cant sell them on my behalf, and after some confusion yesterday about who actually could sell them, as the link from the corporate WH site said they werent sure if they could and that the cheques would be raised today! the response to "im watching them being traded" was that that just wasnt possible!
I was talking to the Registrar to try get some sense but they hadnt a clue and the line they were holding was that trading ended on the last day of march, which i had to educate them was not the 31st!

Paulo,
I suggest you advise your registrars that they are dead wrong. WMH failed to obtain court approval on March 31st and Caesar's Bid requires Court approval before it can pay anything to anyone.

Meanwhile, there are millions of shares being traded daily and over 80,000 traded so far this morning - all around 275-276p. Perhaps suggest to them that they visit the London Stock Exchange website to see for themselves.

Question: why are you talking to the registrar? Surely you use a broker to buy & sell?

Thanks for your extended reply Gewillia. A lack of precedent had occurred to me. This will probably run for a bit so it's time to let the slow wheels of legality run their course. No use worrying about things that you cannot control, but as you say a reasonable wager on the outcome if you have plenty of readies, Cheers

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

https://www.thisismoney.co.uk/money/markets/article-9457285/STOCK-WATCH-whos-favourite-William-Hill-takeover.html

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

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?

According to HBK, William Hill did not disclose until the day of the shareholder vote that Caesars could in fact only add six names to the list and that it could substitute just one of those names every six months.

William Hill declined to comment. However, in a letter from its chair Roger Devlin to GWM, it said that “provisions of these type [sic] are commonplace in joint venture arrangements (and accordingly well understood by the market)” and that the board rejected any suggestion that the list had been used by Caesars as a “poison pill”.

Tyler Tebbs, co-head of event-driven equities at Louis Capital, said while the hedge funds were protecting their position, the wider corporate governance perspective was significant.

“The board should have disclosed that Caesars only has the ability to throw anyone into the blacklist once every six months. It can’t necessarily block everyone — which is what their original statement suggested,” he said, adding that from an ESG perspective, the funds were “doing the right thing”.

Two people with knowledge of the letters said that other hedge funds had also voiced their concerns to the bookmaker’s board. None of these voted at the shareholder meeting in November.

Of William Hill’s largest shareholders, Société Générale said it held the position on behalf of clients and therefore did not take a view. Credit Suisse declined to comment. HG Vora Capital Management did not respond to a request for comment.

One person close to the Done brothers, William Hill’s second-largest shareholder, said that Betfred founder Fred Done was aware of the dispute but was “going to leave them to it”.

Two hedge funds have accused the board of William Hill of failing to disclose information about the bookmaker’s takeover by the casino group Caesars as they push for shareholders to have a second vote on the deal.

GWM Asset Management and HBK Capital Management have written to the bookmaker’s board ahead of a court hearing to approve the deal on Wednesday. They argued that shareholders did not have enough information to approve William Hill’s £2.9bn takeover by Caesars when it was voted on in November.

GWM, which revealed its intention to contest the takeover on Monday, said in a letter seen by the Financial Times that the board had failed to disclose “potentially material” information about Caesars’ ability to terminate its joint venture with William Hill in the US should another acquirer attempt to buy the UK bookmaker.

The hedge fund said that had this been revealed to shareholders, it may have voted differently and that it also prevented a possible auction for the company that could have resulted in it selling for a higher price.

Since the deal, which values William Hill at 272p per share, was agreed, gambling stocks have risen due to the fast growth of the US market and an uptick in online gambling during lockdowns.

The US is seen as one of the fastest-growing and most valuable gambling markets in the world after a Supreme Court ruling allowed states to legalise sports betting in 2018.

Last week HBK, which has a 10 per cent exposure to William Hill, sent a public letter to the board arguing that it had “led the market to believe that no rival bid for William Hill would ever be possible”.

GWM has exposure to just over 1 per cent of William Hill shares through derivative trades, but said it wanted to contest the deal on the grounds that it was “contrary to the spirit of the UK takeover code”.

William Hill revealed in September that it had been subject to a bidding war between Las Vegas-based Caesars and the private equity group Apollo Global Management. Caesars was able to cut its US joint venture with William Hill should the bookmaker be bought by one of a list of “restricted acquirers” that Caesars could decide.

According to HBK, William Hill did not disclose until the day of the shareholder vote that Caesars could in fact only add six names to the list and that it could substitute just one of those names every six months.

William Hill declined to comment. However, in a letter from its chair Roger Devlin to GWM, it said that “provisions of these type [sic] are commonplace in joint venture arrangements (and accordingly well understood by the market)” and that the board rejected any suggestion that the list had been used by Caesars as a “poison pill”.

Tyler Tebbs, co-head of event-driven equities at Louis Capital, said while the hedge funds were protecting their position, the wider corporate governance perspective was significant.

“The board should have disclosed that Caesars only has the ability to throw

I was watching Penn for a bit also, seemed to be flying. You’ve done well to follow through on CZRS, the US market is wild! I think the UK is too conservative on stock market. If WH was a US stock then we would’ve hit 10+ no problem. Those of us in UK who got in at 30p done really well, many other UK investors were caught in bear traps with banking, oil stocks etc.

I was thinking of taking a punt on CZRS also, but heard they were doing an equity raise to fund acquisition, so I’m waiting for that & see where they’re SO goes too before deciding. WH&CZRS should be a monster! GL

I sold wmh in November and bought czr , it went up to 106 about 10 days ago , then all of a sudden just started to drop a lot faster and bigger drops than there competitors, I couldn’t work out what was going on , loads of states in America looking to open up for online gamble it was a no brainier for me , but then this came out about an objection to the deal , that’s why it was falling it fell to 79 , it is 85 now but iam out untill this is resolved ,

Query; given we all agreed WH was being sold at below MV. Did anyone think to take proceeds and reinvest in CZRS, as ultimately they’re getting a good deal with chance to reduce their debt, their SP has also performed well since October/November. If you have, have you seen/done any DD on Post merger?

Thanks,

Do we all not get a payout of 272p due to the takeover?

Agreed, I think it will still go through but will be keeping a close eye on it.

Have a good weekend both of you.

Cheers

Update from Ulrik makes me think that nothing will come of this but who knows

Still holding a fair whack here so lets see

So if share holders were misled by the sale of wmh and sold where does that leave them legally, iam in czr and it has drop from 106 to 90 in just over a week , so I could lose both ways , unbelievable

No I’m not holding but it does sound like HBK feel that the shareholders were mislead on the Caesars black list of potential JV’s. WMH say the 86% voted for it (not me buy the way), however, if it found that some else could have taken over WMH and still had the right to carry on the JV this could get very interesting.

Interesting, We all know here this was sold on the cheap.

Oh, and if nano comes good, I’ve got an eye on a new TV (not a Samsung).

Hi AF, hope all is well, my son has and still is spending my profits!

At least it looks like we can spend some of our profits with lockdowns easing everywhere.
Hope all are going strong in 2021!

Read the latest RNS, dates are now published.

When is our payout for our William hill shares at 272p? Can anyone advise???

Nanoco

Oddone, I don’t ramp shares but for me the best share for a small investment just for fun is nanocco take a look read dyor and I promise you it’s a no brainier with huge potential and it’s 17p by the end of March it could b any price , even for a couple of hundred pounds, when you dyor you will see what I mean mate

If you would have sold say 3 months ago , look at the shares you would have invested in , how have the done , that will give you your answer for me , it’s a Penney more to wait , why bother sell and get on , for me since Iv sold Iv did really well , it’s a no brainier, gl mate

So I understand that the payout will likely be after the end of March, but is there any reason to keep these shares now (other than the approx penny difference in the price I could sell at now)?
I'm thinking the funds would be better put to use somewhere else.

Great to hear morbox , your doing well keep going IMO nanocco looks a no brainier to me , gl mate

Cheers, iangibbins67gmai, I’m hopeful of Nano, the main thing this that Samsung does not get the IPR, which they will try requesting again. I’ve gone down the insurance route, Saga, Directline and L&G. Saga been great for me as I type up 75%, the other up and going for divis. You’ve done really well, keep it up. CZR is still on my radar, maybe this week!

Anyone know when the thieving yanks pay us out

Gewilla, yes mate I think czr is a no brainier, the states need the money it’s the easiest way of getting it , I think it will b the domino affect , let’s hope so , Iv been looking at webis they hold the gaming licenses, if America does start open states webis will deffo benefit, good luck in what ever you trade thanks

Morbox , yes mate I started with £7500 in a stocks and shares isa in William hill at 69 that was in March , in than added 20k in after April , only allowed to add 20k a year in a isa , with HL but any big movements and you can’t get a deal it’s a night mare if you want to trade a share , made 50k in the end from William hill , I read one of gewilla post and realised what he said was right , with draw my money and invested into czr at 73 , 35k than cineworld when sp was in the 20s made a few quid there , then jet 2 that was good as well , then crypto argo blockchain, I made 21k then got back in on the crash and made 60k , I topped up czr to 100000k at 80 , Iv just been so lucky , iam only in three shares now , nanocco, and rms I think rms could b a good bet very soon and nanocco going to court against Samsung in March I think the will win , both shares could very easier multi bag ,a good tip from morbox thanks mate , but thank you again gewilla , your advice has changed my life , but I have also been very lucky , I hope it continues gl mate