The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Definitely looking like I made the right choice so far cashing out at 300p
From what I've been reading so far Caesars are being a bunch of *******s!!
This definitely isn't goodbye, I will be back shortly :) Just need to make sure I've got a slightly larger emergency fund given my circumstance!!
Cashed out today guys - I'm in the middle of buying my first home, a car and extending the house so having the extra cash will be perfect for me
If I wasn't in a situation where I was paying off a nice fat deposit I would definitely keep holding though, and if I can get everything sorted quickly I will be buying back in for a few years of holding
Dropped 10k in back in March and leaving with 37k, tonight I sleep like a baby, cheers all!!
What do we reckon we end the day on now that the US is waking up?
Another jump up, US markets not even open yet
256 on HL for me - whatever is happening I am totally on board with it!!!
GOLDMAN RAISES WILLIAM HILL PRICE TARGET TO 242 (137) PENCE - 'NEUTRAL'
CONTINUED:
ven a minor whiff of a betting scandal in the US, for example, could set that market back years, as anti-wagering campaigners would doubtless press for new laws as they evoked memories of the 1919 baseball World Series, thrown by the Chicago White Sox in exchange for cash.
However, momentum in the US is building and Hills’ prime spot here could well merit a higher valuation over time for the shares.
Questor says: hold
Ticker: WMH
Share price at close: 214.4p
Sell your losers and run your winners is a strategy preached by many a successful professional money manager, and this column must admit that it can sometimes be too forgiving when the share price of one of its selections starts to slide.
However, patience can be rewarded, provided that the company’s competitive position remains strong, its financial resources sufficient to see it through any near-term difficulty, and the valuation low enough to offer both protection from falls and the potential for gains.
Down at 37p in March, a loss of nearly 90pc on bookmaker William Hill was staring this column in the face. But our decision not to sell has paid off, at least so far.
Helped by a timely waiver of the covenants on its debt in May, a programme designed to cut costs and preserve cash, and June’s £224m fundraising at 128p a share, William Hill’s borrowings look much less onerous, especially as those covenants will not be tested now until next year and the firm has £672m in cash on hand, according to first-half results released last month.
The resumption of sporting activity around the globe is a further positive development, to give punters a chance to back their opinions with their stakes.
Trading has been sufficiently strong in the early stages of the second half to permit Hills to return the £24.5m in furlough cash it received from the Government, thanks in part to further advances in online revenues, an area where the company has traditionally been seen as a bit of a laggard relative to GVC, Flutter and others.
Best of all, William Hill continues to make progress in America, which remains a market of huge potential following the repeal in 2018 of the Professional & Amateur Sports Protection Act and the legalisation of sports wagering, albeit at the discretion of individual state legislatures.
Hills was already well-placed in America, as it was the leading regulated player in Nevada and had a relationship with New Jersey’s Monmouth Park racetrack before the law changed. It has since built on that position via exclusive partnerships with CBS Sports and the casino group Eldorado.
The latter has since acquired Caesars Entertainment to create America’s largest casino group and the newly created entity has just struck a deal with the US sports broadcaster ESPN, greatly enhancing William Hill’s reach both online and across 170 retail sites in 13 different states.
As a result, Hills continues to cement its strong position in the burgeoning US market and is doing so with little additional marketing spending, as it leverages existing relationships and technologies.
The gambling industry will not appeal to all investors, not least on ethical grounds, and key risks remain, notably any further cancellation of major sports because of a second wave, higher taxes and ongoing regulatory scrutiny.
Even a minor whiff of a betting scandal in the US, for example, could set that market back years, as anti-wagering campaigners would d
3% and its not even 10am yet, all because of fears of a second lockdown. The drop we're seeing in William Hill has little to do with William Hill, ride it out
CITIGROUP RAISES WILLIAM HILL PRICE TARGET TO 265 (190) PENCE - 'BUY'
From 190 to 265... Looks like everyone beginning to agree with us that there's still a ways to go for this SP :)
DEUTSCHE BANK RAISES WILLIAM HILL PRICE TARGET TO 271 (160) PENCE - 'BUY'
Whether or not we end above 196p or not today does not matter - we can be very proud of our informed decision to invest in William Hill.
I go on other forums for other stocks and see a lot of hype train investors, rarely do I find one with as many informed people like yourselves who are always happy to share the latest news out of America which can be very hard to keep up with
Almost time to kick back, relax and have a few beers whilst making a few bets on the footie this weekend!!
BERENBERG RAISES WILLIAM HILL PRICE TARGET TO 200 (150) PENCE - 'BUY'
You did what you thought was right - and it was, you've realised gains which is what we're all trying to do!
I learnt a long time ago that I can't day trade, time the market or anything of that nature, so if i believe in the project I'll just stay in it
Not ideal as there's always the risk of day retracing but overall it seems to be working
BARCLAYS RAISES WILLIAM HILL PRICE TARGET TO 240 (200) PENCE - 'OVERWEIGHT'
A nice, calm start to the week. 3 days until the NFL kicks off and then actual football following it shortly after - its a great time to be invested in this :)
Think this is more to do with the American Markets looking rough as soon as they open, dragging everything else down
This is insanely positive news!!
If the brothers want in at this price its because they know WMH are going places
I expected we'd be hovering around 160 this week give or take, we've not hit this level for a while so I imagine its going to be a slow climb to 200 and then a slower climb past that. Investors will be hesitant to see if there's another big drop - beyond this level confidence needs to return and that takes a bit of time. No chance I'm moving my money out of here now that the new footie season is returning, and the American aspect of Hills is still criminally overlooked.
I believe we're now into the 'when' space, we've moved past 'if', in terms of a full recovery and beyond.