Tag: profit warning

William Hill issue profit warning

Further to my recent post, William Hill have issued a profit warning this morning. Other gambling related stocks have fallen in response.

You can read the full warning here: –

https://www.investegate.co.uk/william-hill-plc/wmh/trading-update/201603230700099669S

In a nutshell: –

• Time-outs and self exclusions are up
• Gross win margin is down due to European football results and also the worst Cheltenham results in recent history.

The numbers & valuation

Profits for the year are forecast to fall by up to £30m. However they would …