William Hill Plc (£WMH) - A Valuation on 19th November 2020

A veteran UK bookmaker having a punt on reigniting growth. Will this pivot revive growth and stem margin pressures, or will Caesars Entertainment have overpaid?

The Company - William Hill Plc (£WMH)

William Hill Plc. (£WMH) is a retail and online bookmaker. It is listed and run in the UK and has growing US and European divisions. The company generates about ½ of its revenue online and ½ from its high-street shops.

Growth has slowed over the last 10 years and is now virtually non-existent. Margins have been in con…