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William Hill PLC (WMH)

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Lemon Slice
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William Hill PLC (WMH)


Postby daveh » March 1st, 2019, 9:32 am

Full year results are being discussed here:


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Re: William Hill PLC (WMH)


Postby PinkDalek » March 14th, 2019, 2:47 pm

See an update re "proposed lease restructuring" over at High Yield Portfolios (HYP) - Practical linked below:


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Re: William Hill PLC (WMH) - Interims


Postby tjh290633 » August 9th, 2019, 9:39 am ... 00044827I/

Financial results

· H1 results in line with expectations during period of transition and Year 1 of new strategy

· Group net revenue up 1% to £811.7m, impacted by £2 stake limit on gaming machines in betting shops and reflecting the acquisition of Mr Green

· Adjusted operating profit(2) down 33% to £76.2m reflecting £2 stake limit and investment in US Expansion

· Exceptional charge and adjustments of £114.3m, including £97.1m relating to mitigation measures following the £2 stake change, including the proposed closure of c700 betting shops, leading to a statutory loss before tax of £63.5m

· Net debt to EBITDA for covenant purposes(4) of 2.0 times, up from 1.0 times at the full year, in line with expectations

· Corporate bond successfully refinanced with new 4.75% seven-year £350m bond maturing in 2026

· Interim dividend of 2.66p per share, consistent with the Board's commitment to an 8p per share underpin

and later:

The Board has approved an interim dividend of 2.66p per share (2018: 4.26p per share). This is in line with the Board's previous commitment to an 8p per share underpin of the dividend during this period of transition, based on our usual practice of paying one third of the anticipated full-year dividend as an interim dividend.

6. Dividends proposed and paid

The directors have approved an interim dividend of 2.66 pence per share (2018: 4.26 pence per share) to be paid on 28 November 2019 to ordinary shareholders on the Register of Members on 25 October 2019. In line with the requirements of IAS 10 'Events after the Reporting Date', this dividend has not been recognised within these interim results.

The market has reacted well, up over 6% at 155.7p as I write.


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Re: William Hill PLC (WMH)


Postby daveh » November 21st, 2019, 8:22 am

Trading statement (for the 3/rd qtr I think): ... 00091303U/

William Hill PLC (LSE: WMH) (William Hill or the Group) announces a trading update for the unaudited 17 weeks and 43 weeks to 29 October 2019 (3 July to date and year-to-date). Comparatives relate to the equivalent weeks in 2018.

Operating highlights:
· The Group is trading in line with full year expectations with net revenue up 1% in the period
· Online UK net revenue grew +4% on a pro forma basis1, consistent with the market growth rate
· Retail like-for-like net revenue fell 16% since the half year. Executing our remodelling strategy to mitigate the impact of the £2 stake limit saw the closure of c.700 shops
· US net revenue increased 60% as the market continues to grow; we went live in Indiana and Iowa
· Further progress on player safety with the launch of the Safer Gambling Commitments

Looks like the fall in revenue from UK retail due to the reduction in maximum stake at FOBT machines has been filled by the US venture. We'll find out at the end of the year if the new profits form the USA are sufficient to replace those lost from FOBT machines.

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Re: William Hill PLC (WMH)


Postby idpickering » January 13th, 2020, 7:08 am

William Hill PLC Trading Statement

The Group's full-year adjusted operating profit1 for 2019 from continuing operations is expected to be in the range of £143m to £148m, ahead of market and management expectations2, driven by favourable sporting results through the year end.

· The Retail business, having executed the remodelling strategy, generated operating profit above the guided range of £50-70m as we experienced particularly favourable sporting results in December, above the long term gross win margin range. Gaming also performed ahead of expectations.

· Online UK grew in line with the market for the third consecutive quarter; weakness in gaming net revenue was offset by a strong sporting gross win margin. Online International performance was mixed with net revenue expected to be broadly flat on a pro forma basis3 during the fourth quarter; sports book net revenue was weak while a good performance in gaming was driven by Mr Green.

· The US business continued to generate strong growth during the fourth quarter, driven by wagering growth and disciplined investment. We now expect to be breakeven for the US business overall in 2019, compared to the guided range of $0m to -$20m. ... 00065152Z/

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