William Hill: #1 on betting
William Hill, the British company known for betting ,on the market since 1934, is landing in a great style in Italy (in our country operates in the online casino but will soon be active in sports and poker).
Very good balance sheet data of the first six months of 2011, especially when compared to major competitors, whereas the comparison is made with the excellent 2010, with record receipts due to the football World Cup. Turnover has increased by 7% and profits before tax of 23%, driven by online sales (+23%) and the doubling of bets from the mobile service . Just to make comparisons, one of the historic rivals, Ladbrokes, has seen a decrease in turnover of 3% and 32% in pre-tax profits.
The price of the William Hill shares is about 218 pounds, when the maximum of the last 12 months was 239 pounds and the minimum 154 pounds. Relatively low is the P / E, that is around 10 (for Ladsbrokes is about 13); analysts predict possible price increases.
Very good balance sheet data of the first six months of 2011, especially when compared to major competitors, whereas the comparison is made with the excellent 2010, with record receipts due to the football World Cup. Turnover has increased by 7% and profits before tax of 23%, driven by online sales (+23%) and the doubling of bets from the mobile service . Just to make comparisons, one of the historic rivals, Ladbrokes, has seen a decrease in turnover of 3% and 32% in pre-tax profits.
The price of the William Hill shares is about 218 pounds, when the maximum of the last 12 months was 239 pounds and the minimum 154 pounds. Relatively low is the P / E, that is around 10 (for Ladsbrokes is about 13); analysts predict possible price increases.
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