William Hill (WMH LN, U/R) - Trading Update
WMH published an upbeat trading update with regards to trading in 2017, where operating profit (EBITA) is expected to be ahead of expectations at c. £290m or 11% YoY. We very recently increased our own forecasts to £261m to reflect what we believed would be a strong 4Q17 on the back of strong sports margins where results in football and horse racing favoured bookmakers, particularly the latter stages of 2017.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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