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William Hill finance chief buys in

The gambling company is expanding into the US sports betting market to try to compensate for a decline in the UK retail business
September 13, 2018

British bookies are hoping that Americans will be keen on sports betting after legislation banning this type of gambling was overturned earlier this year. In August, William Hill (WMH) announced it would provide technology and risk management services to 11 casinos in Mississippi and another in West Virginia. Last week, the group announced it would partner with Eldorado Resorts for digital and land-based sports betting and online gaming in the US, initially comprising 21 properties across 11 states and a customer base of 23m people.

IC TIP: Hold at 255p

Management is perhaps thinking the so-called 'land of opportunity' will compensate for tougher trading in its UK retail business. At the half-year results last month, a £916m impairment, charged mainly on its UK retail assets following the decision to cut the maximum stake allowed on fixed-odds betting terminals (FOBTs), wiped out group profits. Still, management seems confident in the future: chief financial officer Ruth Prior – along with other connected parties – has spent more than £100,000 topping up her stake.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Advanced Oncotherapy*Enrico Vanni31 Aug 18204,08249100,0001,926,3611.136
Advanced Oncotherapy*Piers Plowman 31 Aug 18306,12249150,0004,084,3542.409
Advanced Oncotherapy*Hans von Celsing31 Aug 1830,0004914,70030,0000.018
Anglo Pacific  Robert Stan30 Aug 1810,00015515,500213,0150.117
Better Capital Jonathan Moulton05 Sep 181,750,00011.016192,78018,400,0005.785
Bigblu Broadband Michael Tobin (ch)30 Aug 188,770113.99,989137,0880.242
British Empire Trust Susan Noble (ch)05 Sep 182,635754.719,88613,6300.012
Collagen Solutions Tom Hyland03 Sep 18115,9884.314,999273,8470.084
Coro Energy James Menzies (ceo)05 Sep 18712,5764.2129,9991,712,5760.238
Essentra Paul Forman (ceo)05 Sep 1820,00044188,200200,0000.076
Franchise Brands David Poutney03 Sep 1860,0008048,0003,310,7914.265
Georgia Capital Irakli Gilauri (ch & ceo)30 Aug 183,5711,014.7436,236863,6772.252
Great Eastern Energy Prashant Modi (ceo)31 Aug 18250,00070175,00075,831,91263.658
Great Eastern Energy Yogena Modi (ch)31 Aug 18250,00070175,00075,831,91263.658
Haynes Publishing  Eddie Bell (ch)05 Sep 1810,94620522,43910,9460.072
Legal & General  Carolyn Bradley03 Sep 18669256.51,71629,7340.000
Legal & General  John Kingman (ch)03 Sep 181,490256.53,822140,9990.002
Legal & General  Toby Strauss03 Sep 181,072256.52,75018,1130.000
Lowland Investment Co Gaynor Coley 31 Aug 185001,524.457,6225000.002
Micro Focus International Kevin Loosemore (ch)05 Sep 184,8661,309.0563,698751,1790.173
Mortgage Advice Bureau Nathan Imlach31 Aug 182176681,45028,2500.056
Mporium  Nelius De Groot (ceo)30 Aug 18750,0006.145,75010,027,6331.706
Obtala Miles Pelham (ch)05 Sep 185,000,0005250,00017,027,7545.196
Obtala Miles Pelham (ch)04 Sep 183,020,0005.16155,83212,027,7543.670
Smith (DS) Adrian Marsh (fd)04 Sep 187,978502.7140,106340,0080.025
Staffline  Christopher Pullen (ceo)05 Sep 182,0001,24024,80019,0430.068
TP ICap Robin Stewart31 Aug 1812,000286.14134,33712,0000.002
U and I  Richard Upton30 Aug 1825,00022355,7503,151,2332.512
Vodafone  Gerard Kleisterlee (ch)05 Sep 18112,922164.33185,565220,0000.001
William Hill♥Ruth Prior (cfo)05 Sep 1838,998257.66100,48275,0700.009
Worldwide Healthcare Trust Sven Borho 04 Sep 187,0002,900203,0007,0000.015
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Bilby Philip Copolo04 Sep 1812,596,89610012,596,89600.000
Creo Medical  Christopher Hancock30 Aug 18480,000125600,0004,400,0463.669
Creo Medical  Craig Gulliford (ceo)30 Aug 18480,000125600,000609,8860.509
D4t4 Solutions Roger McDowell04 Sep 181,550,000189.622,939,11000.000
TBC Bank  Giorgi  Shagidze (cfo)30 Aug 184,4521,60071,23223,0880.043
TBC Bank  Giorgi  Shagidze (cfo)30 Aug 181751,6142,82522,5700.042
TBC Bank  Giorgi  Shagidze (cfo)30 Aug 183431,6265,57722,7450.042
* placing/tender/open offer ♥ spouse/connected party