Updates

William Hill

September 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Bookmaker William Hill issued a disappointing trading update, which noted that it will miss profit expectations for this year due to poor trading in July and an uncertain consumer outlook. Although revenues increased 5% to Â£515m, underlying earnings before interest, tax and amortisation fell from Â£145m to Â£134.6m in the six months to 30 June. Adjusted eps fell 28% to 11.9p. The trading performance was affected by several periods of unfavourable sporting results, while in January and February it was impacted by the cancellation of horseracing fixtures. In reaction analysts have slashed forecasts and with short-term trends likely to remain unfavourable, we will be inclined to reinvest elsewhere. ...

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IG Group - Big rise in account openings

TMI Trader Portfolio - September '09

William Hill - Enjoying boost from online betting (August 2011)

William Hill (June 2009)

William Hill - 1:1 rights issue to reduce debt (April 2009)

William Hill (February 2009)

William Hill - Famous bookie still growing well in spite of credit crunch (December 2008)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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