UK Markets closed

William Hill plc (WHI.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
Add to watchlist
3.0200+0.0290 (+0.97%)
At close: 2:31PM CET
Sign in to post a message.
  • s
    sot
    I thought the buy out would be more than 3.7B....I really liked where William Hill was headed, partnerships, online, and volume. I owned them along with Draft Kings and Penn....I guess I could buy some CZR stock but I am bitter with the low buyout amount. Draft Kings and Penn will be forces over the next 5-10 years, I just wish William Hill was there for the ride...
  • e
    edebear
    It's done. Over. Time to seek out the next consolidation play in the category or next solid growth potential.
  • J
    JamesW
    It is interesting that the buyout share price is fairly fixed and yet the stock tweaks up a bit. Thoughts as to why?
  • j
    justin
    Ross Capital thinks the U.S business side of WH is over $10 bills if they go public with it. If this is the case, why taking the $3.7 bills offer for the whole company from CZR. I hope they reject all offer and goes this route to unlock all values and taking advantage of the market that is favoring sports betting now. This will benefit both CZR and WH shareholders tremendously. They can use the new funds for expanding as well. I hope the WH's board sees this and takes advantage of this gem. https://finance.yahoo.com/news/caesars-bid-william-hill-gamble-040000290.html
    (Bloomberg) -- Call it the DraftKings Inc. effect. Since the sports-betting operator announced plans to go public last December, its shares have soared nearly sixfold. Though the company loses money and had revenue of just $430 million or so last yea
    (Bloomberg) -- Call it the DraftKings Inc. effect. Since the sports-betting operator announced plans to go public last December, its shares have soared nearly sixfold. Though the company loses money and had revenue of just $430 million or so last yea
    finance.yahoo.com
  • s
    sot
    William Hill will most likely be bought out in less than a year....Caesars is probably the leading candidate but we can only hope DRAFT KINGS & PENN jump into the conversation. Draft Kings has the "espn" connection and the funds to be able to acquire a company like William Hill. We can only hope in the near future sports are not derailed by corona. SPORTS BETTING IN THE USA IS IN THE INFANCY STAGES....
  • S
    SC Guy
    William Hill Plc (OTCPK:WIMHY) (OTCPK:WIMHF) shares jump 2.9% in U.K. trading after Bloomberg reports that Apollo Global Management (NYSE:APO) has approached the betting firm to discuss a potential purchase.William Hill has a market cap of ~GBP 2.37B
    William Hill Plc (OTCPK:WIMHY) (OTCPK:WIMHF) shares jump 2.9% in U.K. trading after Bloomberg reports that Apollo Global Management (NYSE:APO) has approached the betting firm to discuss a potential purchase.William Hill has a market cap of ~GBP 2.37B
    seekingalpha.com
  • p
    plockb
    I read the news that for the bid to go through, they need 75% support from the shareholders. So if majority shareholders think this is low ball bid and also czr try to bully and theeaten WH. So most likely the deal will got rejected ?.
  • T
    The Gauntlet
    I found this interesting.
    "It’s worth recalling though that Apollo really doesn’t like being pushed around. Remember its attempt to buy U.K. plastics company RPC. Having declared its bid best and final, and securing RPC’s backing, Apollo was later gazumped by Berry Global Group — embarrassingly, one of its own former portfolio companies. Caesars is likewise a former Apollo buyout. At least this time round the private equity firm knows who it’s up against from the outset."
  • S
    S
    CZR says if Apollo or any other buyer acquires William Hill that they would most likely kick out William Hill from their properties. Is this what they call a "lean" Best of luck guys.
  • e
    edebear
    In the end of August at 8.12, out the end of Sept at 14.12 (up 72%). No complaints. Didn't think it was worth it to leave money dormant until Oct 23rd. See nothing to indicated CZR's deal will not happen as so far defined. If you are hanging in just in the hope of a spike, good luck. I still very much like the category and shifted some funds into TSCRF (The Score) an internet gambling and sports news company in NJ, Colorado and Indiana as well as Canada. Like its management, superior gambling platform, deals with professional sports leagues and progress in expanding its footprint in the U.S. and Canada. Might be worth checking out.
  • T
    The Gauntlet
    Market Caps:
    William Hill - 2.9 Billion
    DraftKings - 19.2 Billion

    Still undervalued.
  • j
    justin
    Should be rejected, the best outcome that will benefit a great deal for both companies is that they should both united and go IPO as a separate company with the U.S business. This will give them a lot of leverage to rival PENN and DKNG. They both need each other and will be a great force to be reckoned with.
  • J
    Joshua
    Can anyone explain clearly what happens to our WIMHY shares now?
  • S
    Skyler
    Almost 2B in 1 year revenue, and market cap is 3.5B, what this should be a $30 stock, compared to DraftKings or Penn, wow can you say undervalued, CZR already owns 20% of them, and william hill places 1 out of 4 sports bets.
  • e
    edebear
    Any guesses on the valuation these bidders will put forth in Oct? I’m guessing between $24 and $27 per share.
  • T
    The Great Correction
    I think a true valuation on this equity might surprise (pleasantly) some people.
    I did 10 minutes of math the other day and here are the numbers I came up with....

    From what I could find, DKNG commands about a 38% market share of sports betting in the US.

    WH enjoys about a 25% market share... from the 1 in 4 sports bets are placed through WH.

    Today, DKNG's valuation stands at about 19B.

    Some very simple math will get you the valuation per percentage point of market share...

    Going on DKNG's current valuation (about 19B)

    19B/38%= gives you about 500M per percentage point of market share.

    Apply that metric to WH and you get a valuation of 12.5B.

    Even after today's move, WH sits at 4B in market cap.

    So... 4B/12.5B gives you the percentage that WH is currently discounted... 32 or...
    68%.

    If you're going by DKNG's valuation, WH is currently (even at today's prices), undervalued by 68%.

    Currently we are valued at $4 per B in market cap. $16/$4B.

    If the sale of this company unlocks its true value, based on what its peers are trading for...

    you're looking at a share price of $4 (12.5B) or $50/share.

    That's without any kind of premium that could absolutely get paid if a bidding war unfolds like some are predicting.

    Thoughts?

    Good Luck.
  • m
    manish
    Ohhh a lovely discount this morning - just snapped up more :)
  • J
    Jim
    Be careful here. If there's a bidding war, great, but Ceasars current bid of $3.7B equates to $14.10 per share.
  • J
    Jules
    Why the stable drop to $14.10 if the low bid offer is at $17.50? The British listing is trading near the offer price so are US investors missing something?
    I want to get in since the arbitration looks favorable but I don;t understand the current price of this stock if the bid is $3+ higher...
  • s
    sot
    If you do your homework this has the potential to take off....I own DKNG, PENN & WIMHY. I honestly believe WIMHY can reach those levels. CBS DEAL, ESPN DEAL (VIA CAESARS). Physical locations in many states. ONE IN FOUR BETS are placed in the US are with William Hill. I believe they will be bought out by Caesars or DKNG. Either would be great.