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Research Tree provides access to ongoing research coverage, media content and regulatory news on WILLIAM HILL PLC. We currently have 7 research reports from 3 professional analysts.

Date Source Announcement
02Dec16 05:45 RNS Transaction in Own Shares
01Dec16 05:52 RNS Holding(s) in Company
01Dec16 05:50 RNS Holding(s) in Company
01Dec16 05:45 RNS Transaction in Own Shares
01Dec16 09:30 RNS Total Voting Rights
30Nov16 05:45 RNS Transaction in Own Shares
30Nov16 04:00 RNS Holding(s) in Company
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Breakfast Today

  • 26 Jul 16

A quietly positive open is expected in London this morning, with the FTSE100 seen up some 20 points in early trade. Globally, investors are likely to adopt a wait-andsee attitude ahead of the start of the US Federal Open Market Committee's two-day meeting this afternoon, although most are expecting it to indicate the need for a period of post-Brexit data collecting before judging its next move, for which the hot money presently appears to be pointing at September. The S&P500 drew back from Friday's record high, led primarily by energy stocks, dragging the other principal indices with it, albeit on low volumes before the busy period of Q2 corporate reporting gets underway. Asia ended mixed, with the main activity focussed on Japan as investors appeared to be giving up on expectations of the BoJ delivering an ambitious package of stimulus measures following the Governor's dismissal of the suggestion he was prepared to dole-out 'helicopter money'; as a result, the Yen spiked sharply upward and the Nikkei fell off. Chinese stocks were gently firmer, while the commodity-dominated ASX fell back slightly. Liam Fox, the newly installed International Trade Secretary, is the latest politician to go on postBrexit international tour, with a three-day visit to the US promoting and reinforcing economic ties between the two countries. Following Theresa May and Phillip Hammond's own efforts of the past couple of weeks, investors should be reassured that every effort is being made to remind the world that the UK remains 'open for trade'. UK corporates expected to release figures today include BP (BP..L), Croda (CRDA.L), GKN (GKN.L), Man Group (EMG.L) and Providence Financial (PFG.L).

2015 dragged by a weak Q3

  • 05 Nov 15

William Hill announced a tough Q3 15 which came in below expectations, dented by new and increased taxes introduced in the UK (£23m incremental duties in Q3) and tough comps (FIFA World Cup fell in July 2014). Weaker than expected sporting results (horse racing in particular) have weighed on Retail, the US and Australia (-31% in wagers, -91% in EBIT) while the decline in the non-core Online market was partially offset by tight cost control. Retail (-8% in net revenues) was hampered by a weak OTC (-14% in OTC net revenue, -3.1ppts in gross win margin) explained by disappointing horseracing (very punter-friendly horseracing margin) and football (tough comps). Machines experienced a 2% drop in gross win, following the introduction of the £50 limit but trading in September gained momentum driven by improved content. In Online, the UK grew strongly (+7% in amounts staked, +15% in net revenue) while Spain (13% in wagering) and Italy (+24%) recorded double-digit growth in sports turnover and gaming net revenues (at constant FX). The non-core businesses (-14% on wagering, -40% in net revenue) dragged down the Online division, impacted by falling revenues resulting from the exit from unregulated markets (Portugal and Estonia due to a change in the regulatory regime) along with FX moves. Sportsbook was hampered by punter-friendly racing results (horseracing notably), posting 0.8ppts lower in the gross win margin yoy. The group revised down its annual EBIT target to the lower end of the City consensus (£291-312m). Group net revenue slipped by 9% in Q3 yoy, while EBIT collapsed by 39%, reflecting weak Retail (-31% in EBIT) and Online (-37%, £18m impact of the PoC tax). The latter was hit by £18m of the PoC tax, slightly mitigated by cost controls (-6% in operating costs).