UK bookmaker William Hill was founded in 1934, and now has a chain of nearly 1,600 betting shops. The bookie operates in all sports including football, greyhound races and horses and is said to be the biggest telephone betting group in the world.
William Hill Plc Ord 10P is listed on the London Stock Exchange trading with ticker code WMH.L, and is part of the Tourism and Leisure sector. It has a market capitalisation of £138,454m, with approximately 874m shares in issue. Over the last year, William Hill Plc share price has been traded in a range of 187.8, hitting a high of 335.90, and a low of 148.10.
William Hill Plc, officially known as William Hill Plc Ord 10P was formed in May of 2001, making the company eighteen years old. The company filed its latest accounts on 31st December 2014, showing a turnover of approximately 1.61 billion GBX with gross profits of 1.31 billion, or 1.4931 per issued share, and a pre-tax profit margin of 14.53%. William Hill Plc currently has 8 directors, and has had 15 previous directors over the last 18 years. In the last set of accounts produced by Deloitte Llp, the company showed 312.90 million paid in salaries to the 16,078 staff (average wage of 19 thousand), with the directors receiving an average 751 thousand each. In the accounts filed in 2014, the company paid 104000000 in dividends, or 0.1190 per share.
William Hill Plc is in the Tourism and Leisure sector.
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|Shares in Issue||874m|
|52 Week High||335.90|
|52 Week Low||148.10|
Stock investors are generally buoyed by the news of the impending merger of a quoted company, and its share value will rise following the announcement. But other times the opposite is true: this is what happened with William Hill (WMH.L) after the decision to walk away from the proposed three-way deal with betting companies 888 holdings and Rank. The two latter companies had each put in an offer worth over £3bn, but it was eventually turned down by the William Hill board, despite the two suitors raising its offer to 352p, up from the 339p indicated in the original proposal. This merger could have created the biggest online gambling operator in the UK, following a trend of consolidation in the industry. William Hill rejected the bid because it believed it was “substantially undervalued” and concluded that it would focus on its own strategy to deliver continuing value to shareholders. (Read more)