Re: silchester builds stake Pearsons have been doing very badly in recent years. I used to hold them when they were 1100p a share and thankfully got out.I notice WMH's competitors have reported decent figures lately. Some analysts are downplaying the effect of the forthcoming review on PAddy Power Betfair, and Ladbrokes Coral.
silchester builds stake silchester international investors ,London based investment co , now owns 5% of WMH .they specialize in turn around co's .... other big stakes they have include morrisons & pearsons . we await October to see if the damage to come is bearable or not
NEW ARTICLE: Big bets placed on William Hill recovery "High street bookie LSE:WMH:William Hill shares have been short of backers in recent months, not least due to fears over a looming regulatory crackdown on gaming machines.These fixed odds betting terminals (FOBT) are such a major revenue stream ..."[link]
Re: S.P. The Investec profits crash never materialised. Credit doing OK. Most other pieces of news are shocking. Assets being sold at less than book value would indicate there will be a nasty shock down the line. Retail is awful - they have had a free run at LadCor and Betfred during their rights disputes, but profits are down. Australia profits are reduced to almost zero, so we're not covering interest on loans. EPS down but div up - Why? Much is being made of the £40M savings, possibly being made by being the worst major employer in the UK, but little about the increase in "management" costs. What has happened to all their expensive "projects" such as Old Street and US lotteries ? Have they just stopped ?The only good news is that there is little disastrous news which presently could sink the SP, so the recent sell-off looks overdone. Unlike a turkey that is being fattened for sale within the next few months. Did I miss the announcement that our chairman will be replaced this year ? If it was made in February then was it it wise to subsequently announce his choices of CEO and COO ?
Re: S.P. I'll own up.... "I know nothing".What is it we were lookinf for in the results ??
Re: S.P. Results demonstrate that WMH is heading nowhere. Just being managed for cash in the hope somebody puts it out of its misery.
S.P. Very little comment recently in the media re WMH. Does anyone have useful info. which might indicate direction SP is heading?
Worst company to work for I was there when they walked 100 staff off site when they outsourced to playtech to say that damaged a lot of people is an understatement, still the BOD cut there costs so that suited them.There are people who have worked there years so not sure it's the worst company.A happy staff delivers better results, proven.I do hope someone takes it over and sacks the board myself though I think Ralph left a bit ago.
Re: The Worst Company in Britain to Work for... One could be forgiven for thinking that the Telegraphmight regard such an accolade as a 'positive 'for the company!
The Worst Company in Britain to Work for. According to the Telegraph it's William Hill.Sports Direct don't even make the top ten. Shame on our board and their bonuses over the last two years whilst destroying staff moral. I asked about this at the AGM three years ago and got all kinds of nonsense about staff never being forced to work alone. Or lacking support if there is a problem but no one is "available". Or being forced to evict someone twice their weight who is trying to trash a FOBT. All the statements made by the then CEO and chairman turned out not to be true.
Re: Went back to 1 MAY 2013. Hadn't read London evening news for a wile it reported yesterday brokers downgrades. " tough comparables"
Went back to 1 MAY 2013. Can not see i ever posted on this board before, on my radar somehow ?
Re: sky bet? Should be Sky Bet sold to CVC.
Re: sky bet? 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.