Analyst Views: What did you make of William Hill’s mixed financial results?
SIMON FRENCH PANMURE GORDON
Management indicate that there can be no certainty of recovery in the fourth quarter 2013 to meet market consensus estimates; however, we believe there are positive signs that the underlying business continues to remain strong. We retain our buy recommendation and 518p target price.
JAMES WHEATCROFT JEFFERIES
The two main upsides are: stronger-than-expected revenue growth in online and, acquisitions made possible by the over-funded rights issue and powerful cash generation. William Hill remains our preferred gaming play and we reiterate our buy recommendation and 500p price target.
JAMES HOLLINS INVESTEC
The group has a highly cash generative retail operation, as well as a market-leading UK online product that continues to show strong growth. Given the underlying business momentum looking into 2014, we would regard any aggressive sell-off in the stock as a buying opportunity.