Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on WILLIAM HILL PLC. We currently have 8 research reports from 3 professional analysts.
|09Jan17 07:00||RNS||Trading Statement|
|03Jan17 02:40||RNS||Total Voting Rights|
|03Jan17 10:56||RNS||Notice of Trading Update and Final Results|
|29Dec16 03:22||RNS||Holding(s) in Company|
|28Dec16 11:31||RNS||Holding(s) in Company|
|23Dec16 12:43||RNS||Holding(s) in Company|
|22Dec16 05:45||RNS||Transaction in Own Shares|
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Research reports on
WILLIAM HILL PLC
WILLIAM HILL PLC
FY profits hit lower end of guidance
09 Jan 17
William Hill has warned that 2016 operating profits will reach £260m, at the bottom end of the guided £260-280m range, on the back of lower gross win margins stemming from unfavourable football and horseracing results in December. No numbers were given. However, interim CEO Philip Bowcock said the company saw improvements in wagering in Online and Australia in the second half of the year and including in the past several weeks. The CEO also added that he was confident for 2017 and that key underlying trends continued to be positive. 2016 results will be released on Friday, 24 February 2017.
Q3 trading update: Flat Retail offset by Online recovery
14 Nov 16
William Hill released its Q3 trading update. Results During Q3, group revenue was up 6%, reflecting growth in the US (+81%), Australia (+59%) and Online (+4%), while Retail was flat. During the 9-month period, group revenue was up 3%, translating strong growth in the US (+40%) and Australia (+12%), moderate growth in Retail (+3%) and flat revenue for the Online business. ARPU was 16% higher in Q3 and the average wagering per Sportsbook active was up 17%. Guidance maintained The company expects full-year operating profit to be at the top end of the previous £260-280m guidance (AlphaValue £275m). Board update The company announced the appointment of three new non-executive board members with significant experience in digital, multichannel and gambling. John O’Reilly, former MD at Coral and former Board member at Ladbrokes, and Robin Terrell, former CCO at Tesco, will join on 2 January 2017, whereas Mark Brooker, former COO at Betfair, will join on 3 April 2017. Management made no new comment regarding the appointment of a new CEO. The process appears to still be under way.
William Hill in talks to merge with Canadian online gaming company Amaya
10 Oct 16
William Hill announced on 8 September that it was in talks with Canadian online gambling group Amaya, about a potential all-share merger, which would create a £4.6bn betting giant. The deal would be structured as a reverse takeover, with William Hill, the smaller of the two companies, taking over Amaya. Amaya is a pure online player, producing gaming products and services including poker, sportsbook and lotteries. It acquired in 2014 the parent company of PokerStars and Full Tilt Poker, for $4.9bn, which makes it the world’s biggest traded online gaming company. Talks came after William Hill rebuffed a £3bn bid from 888 and Rank Group earlier this year, aiming at creating the biggest UK bookmaker.
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).
Panmure Morning Note 26-2-2016
26 Feb 16
William Hill has announced full year results, with the results in line with our expectations. Furthermore, William Hill has announced a £200m buy back (over the next 12 months) and has increased the dividend pay-out ratio from 40% to 50%. We don’t envisage any significant changes to forecasts. We increase our target price to 375p (from 339p) and retain our Hold recommendation.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Retain forecasts for FY17E and FY18E
05 Oct 16
While LFL sales growth of 1.8% for the first 12 weeks of FY17 looked a little light, this was on the back of 2.8% growth in the prior period. H2 comps become easier to lap and Christmas bookings (festive trading comprises 15% of FY sales on average) are up 10% YoY.
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.