Member Info for CJ39

Agree with exapt. It is frustrating but for this to fulfil its potential it is going to take time. There is a stream of good positive news which is key to long term success. The management are running the company brilliantly, focused on growth digitally and overseas whilst focused on cutting costs. The day will come down the line where we are above £2 a share and we are quids in.

NBA returns the week after on July 30th and NFL returns on Sept 10th. Good news for the American side of WMH. The Eldorado Caesers merger is another great step forward for WMH in America. Surely we’ve never been such an attractive proposition for a merger or takeover at this price and our involvement in American sports betting.

https://finance.yahoo.com/news/intrinsic-calculation-william-hill-plc-121053687.html

I was looking at this article written on April 10th when in lockdown and sport was suspended all around the world with huge uncertainty about when it would resume and how bad Covid 19 would be. This was also before any trading statements, news of the £200m VAT refund and the Eldorado Caesers merger. The article looks at valuing WMH’s share price using a number of calculations based on WMH’s finances. The Fair share price valued WMH at £1.61 per share. We surely must be higher than that now based on all the events in the last 3 months. Barclays set a target price of £2 a share. It’s not just me and you who feel this share price is so unfairly low, articles like this show others do too.
Come on Dunn brothers, start buying more shares at these crazy low levels.

I think a lot of people will say that WMH’s share price is low because of the economy and market conditions but our rivals are all doing so well in these economic and market conditions.
We’ve got an enormous amount of sport now for the next 2 years, there is huge Football fixture lists every day around the world trying to get seasons completed. But even once the premier league is over there will be the champions league and Europa league. Scottish football returns on August 1st and leagues such as MLS, Scandinavia leagues, Japan, South Korea, are very early in their leagues. We’ve got snooker world champs and Tour de France starting in late August. Then European leagues will start again in September with the Euros and Olympics next summer. Horse racing is working fine without crowds. We have so much sport with no let off which is great.
Looking this morning Flutter are trading at record highs. 888 are within 5% of their year high SP. GVC are only 10% off their year high SP. WMH’s share price on the other hand is struggling against pre Covid despite an amazing amount of positive news. WMH are being run brilliantly, they reacted so quickly to the £2 limit on gaming machines and closed hundreds of shops which cost a huge amount of money but was a very good move. WMH are focused on cutting cost of sales whilst focused on growth online and abroad.
It is frustrating, it feels like we are very under valued at these levels, but hold firm, be patient, the share price will at some point reach £2 a share again and we will be rewarded.

Is this share price manipulation wanting people to sell shares at these low levels?
I know that may sound like some crazy statement but how many of us and thousands more made loads of money from WMH shares on the rise up from 28p to 163p? For all of us who made nice profits someone made losses, which would be the market makers who offer a share price every second of the day. If they wanted to recover losses they would want to make money from all those buying at 115p+ and selling out now thinking they’ve made a mistake buying in and to cut their losses. Once they’ve got the sells they want they will then correct the share price.
Is that what is happening or do they actually value WMH at this share price now? If they do, why do they now value the company £1bn less now than in Feb when £2 a share? If they believe that £1.15 is a true share price then why did they value the share at £1.63 just 6 weeks ago?
Even good news does not make the share price rise now. Last week after the Eldorado Caesers merger the board approving the merger congratulated WMH for this success. But the next day WMH share price fell. When you look at GVC, FLTR and 888 they are all back to pre Covid levels but not WMH.
So serious question, are we seeing share price manipulation by the market makers here to recover losses they made from taking the share price down so far back in March or is this actually what they believe WMH is worth now?

I have a feeling we may see a bit of a rise between now and the end of the week towards 130p. It’s just a taste I have in my cup of tea.

Yes patience is the key. There is loads of positive news, the direction of the company is excellent, the share placement to raise £240m in extra capital was brilliant too in order to grow the company further. Covid situation which I don’t think has been bad for the bookies in only short term. Less big sporting events is a shame but there is still lots of sport on. The premier league ends in July but in August the champions league final stages takes place and Scottish football returns on August 1st. Add to that the snooker world championships, Tour de France, horse racing, football such as MLS, Korea and Japan, Scandinavia are all early in their seasons.
Results like tonight’s match - Man Utd 2-2 Southampton and Liverpool 1-1 Burnley on Saturday will be nice for the bookies too. I still have 100% confidence we will return to £2 a share in the medium/long term. I will keep adding to my holding each month.

Nice find. Amazing volumes on WMH online casino. Should be a good amount of revenue there. So much positive and good news, can’t get my head around this share price, I just don’t understand it.

Nice updates Morbox, thanks for posting them. All looking very positive there.

That’s a very negative take on it Peter. Do you not remember the trading update in May which said revenue was down just 50% and that was because people bet on table tennis and Belarus football. We still have horse racing to bet on and football from countries who’s leagues have just started - MLS, Japan and South Korea, the Scandinavian leagues. Add to that tour de France Is starting in late August, as does the snooker world championships.
The Californian bill was a long shot and the main vote would be November. It would have been good but it was a long shot for it to be approved therefore harsh to say it was a blow. Wmh has got the caesars sports books now and have the funds available to get more licences in the 35 other states who have not legalised sports betting. Don’t be such a pessimist. This share price is an amazing investment opportunity with enormous forward growth in share price. Looking forward to August’s half year figures and progress report. If you don’t like WMH as an investment why don’t you sell out?

That’s really hard to do, how do you value any company from scratch? Every company has its net assets but what price do you place on a company’s global branding and ability to accept bets and people wagering on online casino games? What limitations on the share price do you place on the current Covid 19 situation?
888.com have net assets on their last annual accounts of £200m but have a market cap of £644m. That’s 3.25 times their net assets. WMH after the share placing have net assets of £500m, once the £200m VAT refund is received the net assets would be £700m. If WMH is valued at 3.25 * net assets = £2.2bn.
I can only value WMH based on how WMH has been valued in the past. We can see historic share price charts and WMH has been valued by the stock exchange at those levels. If WMH as a company was valued at £1.70 pre covid following annual accounts in Feb which was pre VAT refund, pre Caesers Eldorado merger, pre trading updates on how WMH has fared over these recent months, is it fair that WMH has dropped 55p per share? I don’t believe so. WMH are heading in the right direction focused on growth online and overseas. They are streamlining the company, looking to cut the cost of sales. The future looks very good. I will hold this long term as I have total confidence in WMH.

I’m just wondering how often others invested in WMH check the share price. I have to say it makes me feel demoralised that we were up to 163p and now fallen to these levels for very little reason. I would like to just forget about this and come back in a years time and hopefully see us realise our true value. This isn’t a short term hold, it is realistically a long term hold now. But it’s like following a bet on a football match, I keep wanting to know what’s happening.
Is anyone here able to just switch off and hardly check the share price?

Totally agree Fikret. We’ve seen companies in the past like HMV, Jessops, friendsreunited, Woolworths, etc, etc, all fold as they didn’t move with the times, they lost loads of money and didn’t grow. WMH have been brilliantly run, acting quickly and decisive to cut costs following the £2 limit on gaming machines and focusing on growing online and abroad. Covid has been a real challenge but it has enabled WMH to focus on streamlining the business further. Sports betting is a hugely popular market which will only get bigger and bigger, and the bookmakers always make profits. I will keep adding to my holding each month, I am so happy with my investment here.

This is really great news in the growth of WMH in America. Who knows, It may push the share price up a penny. But seriously this share price is a joke. We were higher than this in April when everything was so uncertain, no sports, no idea how long this would last, before we found out we were to receive a £200m VAT refund, before the share placement to raise a quarter of a billion pounds extra capital, before the two trading updates which were far better than expected. WMH are being run so well by the management, I have every confidence they will grow the company significantly.

Nice find. I think that’s the consensus of all of us here too but the stock market have us down so much. I really like the direction the management are taking, focusing on growth and expansion in the digital/online market and streamlining the company to cut cost of sales.
£1.16 is an amazing buy in price for this share if you’re willing to be patient and let WMH prove it’s worth.

When I looked around lunch time there were 33% more sells than buys. But look at that - over 3 times more buys than sells come the end of the day. Did anyone else notice lots of strange numbers of shares bought. I saw 15 transactions of 2121 shares bought around 2pm and then a lot of transactions of 3131 shares. There are definitely coded buys, just like in bridge, these mean something. Even though it went down today it feels like we’ve reached the bottom and we’ll see the share price...rocket like a scud missile.

We seem to be climbing now. I hope my positivity has helped some people here. I don’t do it so people turn around and say “thank you CJ for the advice, thank you for the laughs”. I do it so one day, someone says “there goes CJ, I must remember to thank him”.

It will come good zx, just a shame you couldn’t enter at these low levels.

I’ll be copying and pasting that post of yours Warren in a few weeks time.

300zx, have you invested? Would be great if you have.