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William Hill non-exec buys stake in the bookie

A non-executive director bought shares at a low point against the stock's historical valuation
August 14, 2017

Investing in bookmakers is a risk given the UK Government is due to release the outcome of its inquiry into fixed odds betting terminals this autumn. But this hasn't stopped a William Hill (WMH) non-executive director - John O’Reilly - from buying 92,000 shares at 275p for a total of £252,773.

IC TIP: Hold at 252p

Mr O’Reilly, previously managing director at Coral Interactive, joined William Hill towards the end of 2016 at a rather rocky time for the gambling company. Former chief executive Ralph Topping retired from the board in 2014 and was briefly replaced by James Henderson before concerns around the digital strategy saw him step down as well*. The group also failed in its attempt to merge with Pokerstars owner Amaya. Things are now looking more stable after Philip Bowcock was promoted to chief executive in March this year.

A spokesperson at William Hill said that during the annual general meeting board members were asked if they would buy shares in the company, and so it appears that Mr O’Reilly is delivering on his bullish sentiment at the time.

*This article was updated on 14/8/2017

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AstraZeneca Philip Broadley27 Jul 172,300428298,4862,3000.000
AstraZeneca Nazneen Rahman27 Jul 174614,335.4819,9874610.000
Blue Star Capital* Anthony Fabrizi (ceo)27 Jul 175,242,0412104,84125,000,0001.468
CityFibre Infrastructure Holdings* Chris Stone (ch)28 Jul 17181,81855100,000181,8180.029
CityFibre Infrastructure Holdings* Stephen Charlton28 Jul 17200,00055110,000431,7810.068
CityFibre Infrastructure Holdings*♥ Sally Davis28 Jul 1715,000558,25074,9060.012
CityFibre Infrastructure Holdings* Sally Davis28 Jul 1723,0005512,65059,9080.009
Diageo A Stewart28 Jul 174,0762465100,4736,6360.000
Eagle Eye Solutions  Bill Currie28 Jul 1758,500270157,9503,013,32211.856
Eagle Eye Solutions  Terry Leahy28 Jul 1758,500270157,9502,270,9708.935
Equiniti  Guy Wakeley (ceo)28 Jul 173,7952629,9431,341,2890.447
Equiniti  Philip Yea31 Jul 1740,000262.3104,92040,0000.013
European Wealth*  John Morton (ceo)27 Jul 17322,46412.841,2752,754,8202.770
European Wealth*  Buzz West (ch)27 Jul 17935,02512.8119,6831,281,3311.288
European Wealth*  Simon Ray27 Jul 17132,81312.817,000392,1490.394
Pendragon Chris Chambers02 Aug 17500,00030.2151,0001,490,0000.104
Quartix Jim Warwick31 Jul 1720,83336074,99973,3330.154
Quartix Ed Ralph31 Jul 1727,778360100,00197,5730.205
Quartix Paul Boughton (ch)31 Jul 1713,88936050,00053,8890.113
SDL Adolfo Hernandez (ceo)02 Aug 1720,000496.37599,275120,0000.146
SDL David Clayton (ch)02 Aug 1720,000503100,600133,9500.163
SDL Glenn Collinson02 Aug 1710,000504.6150,46122,0000.027
St James's Place Roger Yates31 Jul 1710,0001218121,80020,0000.004
TP*  Andrew McCree (ch)28 Jul 17153,8476.510,000333,8470.044
TP*  Dreen Stroud (cfo)28 Jul 17153,8476.510,000653,8470.086
TP*  Jeremy Warner-Allen28 Jul 17135,7146.58,8211,854,9450.245
TP*  Jeremy Warner-Allen28 Jul 17769,2316.550,0001,719,2310.227
TP*  Phil Cartmell (ceo)28 Jul 17615,3856.540,0003,136,1050.413
TP*  Phil Holland28 Jul 17307,6936.520,000407,6930.054
TP*  Simon Kings28 Jul 17307,6936.520,0001,557,6930.205
UBM Warren Finegold28 Jul 1720,000703.33140,66620,0000.005
William Hill John O'Reilly02 Aug 1792,000274.7533252,77392,0000.011
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
AdEPT Telecom Dusko Lukic02 Aug 1747,500327.5155,56300.000
AdEPT Telecom Ian Fishwick (ceo)02 Aug 17500,000327.51,637,500695,9772.936
AdEPT Telecom Roger Wilson (ch)02 Aug 17350,000327.51,146,250438,3001.849
Cropper (James)♥ Isabelle Maddock (fd)01 Aug 176441,71111,0197,6820.081
Dignity Andrew Davies02 Aug 175,0002570128,500132,2540.265
Dignity Andrew Davies02 Aug 177,5002573192,975124,7540.250
Dignity Andrew Davies02 Aug 1712,5002,567.70320,963112,2540.225
Howden Joinery  Matthew Ingle (ce)31 Jul 17270,000427.521,154,3043,003,7960.479
Howden Joinery  Mark Robson (cfo)01 Aug 175,209426.2522,2031,189,0070.189
Howden Joinery♥  Mark Robson (cfo)01 Aug 1770,000425.46297,822200,0000.032
Howden Joinery♥  Mark Robson (cfo)01 Aug 1780,000425.04340,032909,0070.145
Howden Joinery♥  Mark Robson (cfo)01 Aug 17100,000425.91425,910989,0070.158
Howden Joinery♥  Mark Robson (cfo)01 Aug 17100,000426.72426,7201,089,0070.174
Howden Joinery♥  Mark Robson (cfo)01 Aug 17180,000425.11765,198270,0000.043
Howden Joinery♥  Mark Robson (cfo)01 Aug 17209,007425.05888,384450,0000.072
Howden Joinery♥  Mark Robson (cfo)01 Aug 17250,000425.131,062,825659,0070.105
Ideagen Barney Kent28 Jul 17245,00082.5202,1251,772,6600.894
Jarvis Securities Nick Crabb31 Jul 175,00051025,5005,0000.046
Quartix Holdings David Bridge (fd)31 Jul 1762,500360225,0002,600,5005.467
Workspace  Graham Clemett (cfo)01 Aug 1720,000912.6455182,529213,2040.131
Workspace♥  Graham Clemett (cfo)01 Aug 1730,000912.6455273,794183,2040.112
Workspace♥  Jamie Hopkins (ceo)01 Aug 1730,000912.6455273,794195,1830.120
Workspace  Jamie Hopkins (ceo)01 Aug 1730,000912.6455273,794225,1830.138
Young & Co's Brewery Torquil Sligo-Young01 Aug 172,0001,31126,220303,0161.020
        
* placing/tender/open offer ♥ spouse/connected party