Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
All down to costs, they say it wii recover with price increases . It looks like a long slow ride to recovery.
Let’s hope it’s a signal for a nice rise back up to £3. Been sat on these for over a year now .
https://seekingalpha.com/article/4136185-bet-now-u-s-supreme-court-green-lights-sports-betting-june
CANACCORD UPGRADES WILLIAM HILL TO 'BUY' FROM 'HOLD' (ShareCast News) - Canaccord Genuity upgraded William Hill to 'buy' from 'hold' and lifted the price target to 350p from 285p on Friday, pointing to better prospects ahead for its "long-suffering shareholders". The brokerage said a favourable run of sporting results over Christmas points to scope for a modestly positive surprise in FY17, with a trading update due on January 18th. In addition, it said there have been signs of recuperation in the online business following a period of heavy medicine, with a pick-up in sports wagering and gaming growth in the third quarter. On top of that, Canaccord noted it's a World Cup year, which should drive growth. The brokerage said that while the triennial review continues to overhang, the Responsible Gambling Strategy Board's views point firmly to a �20 max stake as a worst case scenario. "And the GVC bid for Ladbrokes Coral demonstrates that bids can be structured to cover the multiple potential Triennial outcomes, leaving WMH as an obvious participant in the next wave of inevitable industry consolidation, in our view." Finally, Canaccord highlighted the fact that the the US Supreme Court will decide by this summer whether to open the door in the US to a regulated sports betting market. "WMH is well positioned to exploit what would be a material new market opportunity through its existing Nevada sportsbook business." At 1310 GMT, the shares were up 2.3% to 327.70p.
https://www.thetimes.co.uk/article/ftse-100-hits-high-as-punters-take-bet-on-william-hill-fgdrrmsvs
http://www.cityam.com/276037/william-hill-set-post-growth-gambling-industry-braces
http://www.telegraph.co.uk/business/2017/08/21/hedge-fund-silchester-takes-stake-william-hill/
I recently saw someone purchase £100 of lottery scratch cards and I said surely you get fed up of scraping that lot ! And the reply was "no I love the thrill " I also went to Haydock and saw someone put £2000 on a horse ! My opinion is if people want to gamble they will!!!
I am sure Mr Hammond would prefer £400 million in his coffers rather than worrying about a few weak individuals that don't know when to stop gambling! What about all the sensible gamblers that get enjoyment and a thrill from playing the machines and have self control, why should they be penalised for a few weak minded people?
From another site : Sky Bet and Sun Bet are both part owned by Murdoch who has been trying to launch gambling websites off the back of other ventures for years. So far as I'm aware both use a platform provided by a WMH owned company - happy to be corrected! Sun Bets has been showing horrendous losses recently and so I think that it is doubtful that cash is going to be shelled out for any online proposition, especially as Sun Bets are linked to TABCORP and 80% of Sky Net was sold to CVC. As for Israel, this sounds like a hangover from our connections with Teddy Sagi. Obviously something was left over after our rights issue and a week sniffing around Playtech. The new WMH CEO probably sees this as just another rationalisation and he has his own plans for digital...which leads to the drop in SP. Investec have supported WMH for years so it probably cost the share price about 10% when their "advice" went from BUY to HOLD. Now they have gone SELL based on their information that profit margins in all 4 sectors will have shrunk drastically in the last quarter. I assume that there must be some evidence for them to make this statement although I don't understand why Betty Power and Ladbrokes are relatively unaffected. Something nasty might be coming out of the woodwork in the next week or so.
William Hill PLC Added William Hill slides on football and Australian setbacks UK stocks climb helped by weaker US dollar and a drift lower for oil © Bloomberg Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Email0 Save 3 HOURS AGO by: Bryce Elder A poor run of football results and an expected crackdown on credit betting in Australia sent William Hill sliding on Monday. Australia’s government last week set out proposals to ban bookmakers’ loans and shut down existing credit accounts, which are expected to pass into law when parliament’s summer recess ends in August. William Hill’s fast-growing Australian business takes about 30 per cent of net revenue and 25 per cent of net profit from credit wagers so the hit to group profit will be about £17m, estimated Stifel. The news, in combination with a punter-friendly end to the football season, had brokers paring forecasts ahead of William Hill’s interim results due in early August. Half-year earnings are likely to be down 7 per cent year on year as a weak gross win margin and higher marketing costs offset progress made online, said Numis. Separately, William Hill and Ladbrokes were understood to be subject to Competition and Markets Authority enforcement action over possible breaches of consumer law. William Hill closed 4.4 per cent weaker at 262.4p and Ladbrokes was down 0.7 per cent to 113.7p.
William Hill boss pays price for ‘blunders’ Chairman to go after riling investors with botched Canadian merger Peter Evans October 23 2016, 12:01am, The Sunday Times Odds-on he’s off: Gareth Davis has been struggling to keep up with William Hill’s bigger rivals Share Save William Hill will begin searching for a new chairman next year after a series of “blunders” by Gareth Davis — who is under attack from some of the FTSE 250 bookmaker’s biggest shareholders. Davis has come under fire for attempting a £6bn merger with Canada’s Amaya, the owner of the PokerStars website, which collapsed last week. Shareholders have also raised concerns that he chairs two other listed companies and is unable to devote enough time to the troubled bookie. “His lack of judgment has clearly impaired his chairmanship,” said one big shareholder. The gambling giant has been without a permanent chief executive since July, when Davis ousted James Henderson — whom he had hired just two years before. Once Davis has found a replacement for Henderson, the board will start looking for a new chairman, sources said. It is understood the process will start early next year. Davis came under pressure from shareholders after a series of crippling profit warnings during Henderson’s tenure. Several senior executives have also quit. Davis, 66, became chairman of what was then Britain’s biggest bookmaker in 2010 after nearly four decades at the tobacco giant Imperial Brands, including 14 years as chief executive. His departure will come as investors turn the screw on corporate governance. The recent ructions at William Hill suggest that Davis is struggling to keep on top of his broad portfolio of directorships, investors said. In addition to leading the bookmaker’s board, he is also the £360,000-a-year chairman of the FTSE 100 building materials firm Wolseley and receives £263,000 from the FTSE 250 cardboard maker DS Smith as chairman. He was paid £319,221 last year by William Hill. “Three is one too many,” said another of William Hill’s largest shareholders. Samuel Johar, chairman of headhunter Buchanan Harvey & Co, said Davies had suffered “two major slip-ups” at William Hill. “He had to fire a chief executive he had hired, and then blundered into discussions on a deal few people thought made sense. A chairman can survive one mishap, but not two,” said Johar. William Hill argued that Davis had “an exceptional track record” and that his experience and insights “are hugely valuable”. The search for a chief executive was “progressing well”, it said. Gambling companies have been squeezed from all sides in recent years. Rising taxes on in-store betting machines and a mooted crackdown on daytime television advertising has forced companies to do deals to safegu