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Sorry guys , bad maths make that £110m , but still worth while!
The deal signed with the yanks looks like a marriage made in heaven, they bought 20% of WMH and in the last month they would have put around a further £200m on their bottom line. They will certainly be well aware that it is in their interest to drive WMH from here on in. Along with strong management Hills have in place in the USA it must be a win win deal , as is proving in the share price! Excellent negotiations by the Hills management!
I have been invested in Hills for about three years now, over the last six weeks my timing of selling firstly and then buying back in around a month ago have been my salvation. All the dogs I’ve backed over the last three years has seen both my isa portfolio and Sipp a third down overall. Despairing at the stocks that I held I literally sold all and put both funds on black in this case WMH. It’s by far the best decision I’ve made in my life and bought me back to where I was three years ago. I have so much belief in this company as I’ve said previously the only thing I believe that can have a major impact going forward will be the world economy. I will have to sell a percentage as it’s just too much risk but it doesn’t take away from where the management are taking this company from and where it’s heading.
I obviously expect some downward trends but on the whole can only see the price going north, what I’m looking forward to most is what the Americans are going to come out and say about the sports books at the end of the year, will they be on to Hills to split the American side of the business ? Can’t think what else it could possibly be but for sure has to be a positive statement further driving the share price.
Sold a few a while ago, broker asked if I wanted to sell more. With 7 million sold and only showing 2 million bought are they filling an order and to who? I shan’t be selling any more, these shares are in demand.
I haven’t read the article, but from what you guys have said they dismissed America and I believe gave it a value of 62p. Really make you wonder.
Well that’s been quite a period, but all we have been discussing since the recent rise and whatever happens to the share price, it is generally agreed on this platform that management have put WMH in a totally different place than where it has been these last few years. The company and most importantly its fundamentals are strong!!! Don’t forget that! Let people trade and if the price drops stay strong! I so strongly believe in this team and where they are positioning this company. This in my eyes is going up , sport on the whole is here to stay. The only possible fly in the ointment is the wider world economy but for me it’s happy days ahead.
Very interesting, I have a lot of time for IC, Simon Thompson I believe. When was the article published? It makes me wonder exactly what valuation they put on WMH prior to having £400 plus million in the bank. This share stood at £2 last year and didn’t have that money to back them up. Regarding valuations I even take the brokers with a pinch of salt, if supporting a share or not. Personally I do my own research and go with my own gut in general. In this instance for IC to discard the USA I am somewhat taken back as the potential there is huge. I personally feel the management is all over the retail estate plus they are upping their game in online. Most surprised and as Ohnetoe says let the market do the talking. Too much potential here in my view.
That’s exactly what I picked up on, you’ve hit the nail on the head! We await with baited breath. Another good post AF2018. Thanks
Despite 3 million more shares being sold yesterday, the share price has traded up. Think they are starting to realise the potential brewing.
That post shows just how quickly this company is expanding, incredible figures presently in the USA With far more to come. Management are all over retail in the UK closing shops that do not meet the mark. I truly believe that WMH are starting to show their true worth not only getting their existing house in order but winning major partnerships around the world. I keep harping on about management but this team are a breath of fresh air to this once draconian company. All is starting to come together now , so exciting to see a company grow have morals be successful and most of all own a small part of it.
Why £1.60, May be wrong but I believe this is now being pushed up by America. Folks over there will be well aware of the quality deal that has just been signed by WMH and the likely consequences. I repeat the share price previously stood above £2 and since then we have had a dilution but sit with liquidity and a major American deal with likely a lot more to come. Work it out for yourselves!
What a class act this management team is repaying furlough. More important than profit in my eyes, shows morals in these difficult times! Under the circumstances, great results but more to the point going forward WMH are looking in a great place with so much to look forward too.
There have been some interesting valuations put on WMH by posters, I can tell you for sure this is way under valued. With the liquidity the company has now got from the raising of funds via Primary bid plus the quarter of a billion £s thanks to the Vat reimbursement, it puts the company in a completely different position as to where it stood at the beginning of the year. Let’s not forget the share price has previously been north of £2. WMH now also have Just completed the signed deal In America., this is going to be huge plus with a seemingly fantastic team in place in the USA there is far more to come on the horizon. Most of all though the management on this side of the Atlantic certainly impress , the raising of the money using Primary bid was in my eyes a master stroke , the company as a whole is looking so much stronger than ever before. Exciting times I would suggest with so many prospects on the horizon. On the downside I believe the dollar is not looking strong and may have an impact from any earnings going forward. Add on to this the prospect of mass unemployment you do have to add these into the equation. On regulation I am sure it is in both the gambling firms and the regulators to get the happy medium where good taxes are raised and addictive gamblers are somehow protected as best they can be. I certainly feel it is in the regulators best interest to work with the gambling industry so that people are not forced into betting with unregulated firms. Where should the share price be, well certainly well north of where we are at present, sport seems to be back and I would be surprised if we ever get to the point where we were a few months ago with virtually nothing to bet on. The government have done a good job with the furlough scheme, now time for us all to get back to work, hopefully rebuild the economy and most of all let’s see WMH’s share price back to where it belongs , £2 plus!
SPD, Do not be mugged, this is funds selling that bought in at low prices. Wait and listen to the CEO next week, he has already indicated that all is well! The sells every day are in the same form. Hold your nerve this is going down further but they want you to panic. The only fear I do have is for the world economy , I believe sport will carry on now in a managed capacity. I believe all is well here despite obvious Covid. STAY STRONG.
888, Flutter, GVC all up, WMH down again today. Once again more sells than buys, still happy to let them sell and stay calm. I expect results to be solid under the circumstances WMH have had to endure. Company well capitalised against where we were at the beginning of the year. Looks to me like funds want out, big gamble in my eyes. We all know that as fast as it drops it can rise and that is what I expect to happen.Issue is at what point do the sells stop? Seems crazy to me but that is what I was saying £1.15p. I was in my local Hills on Saturday morning, it was so busy they had punters waiting outside to get in.
Well it is quite apparent that there has been a seller in the market desperate to raise liquidity, let’s hope they have come or nearing completion of their sale over the last week. Results on 5th , down to the CEO now to show positive results under this vile Covid. I believe the strategy of the board is good, preservation of capital will be required going forward , I personally are not concerned about dividends , I‘d rather see a stable strong company ready for expansion into the USA.
You certainly post some very interesting articles, this particular article certainly shows the huge potential this deal is bringing to the table for WH. Great postings, Thanks!
Yes agree with both answers, most days of late there has been a majority of sells to buys. It has defiantly had an impact on the price. However the price has remained steady throughout this period and we know the company is in a much better position than when the share price was standing at £1.80 and above. All of WHs piers have risen to near their highs or beyond. Our CEO has stated that we are in a much stronger position and I for certain am looking for a positive update considering what the company has had to endure this year. We know the impact of regulation and WH are certainly prone to this, but if the regulation is too harsh it will drive punters away loosing the government taxes and moving betting to unregulated firms , this would totally be a case of shooting yourself in the foot if you were the government. the gambling firms are and have been aware of the regulation and are doing their upmost to work with regulators to sort it out. I cannot for the life of me see a further round of harsh Policies ahead but who knows what the regulators are thinking. I believe we will break out at where we stand now but unfortunately I thought that two weeks ago. But like other posters I will not be selling in the near future.
I can concur with all the posts written today, we are are all of the same opinion but we cannot get away from the fact of how many sells there have been of late. In fact on that basis alone I would say the share price has held up well in the last couple of weeks. For sure as from Thursday onwards I would certainly expect a steady rise, and if Ulrik words are anything to go by I’d expect a solid rise to continue on and after 5th August. Keep faith, most on here are of the same thought!
I can only assume that the majority of sellers are unaware of of potential news on the horizon and have already made profit. Completely mind blowing in my opinion.