Investors advised to ‘buy’ as outlook for William Hill remains positive

As William Hill reports Q1 results Sheridan Admans, investment research manager at The Share Centre, explains what it means for investors.
 
“First half results saw William Hill report higher revenues year on year, while operating profits declined mainly due to higher costs.
 
“With James Henderson taking over as CEO from today there is some speculation that he will announce some tweaks to the strategy. This, along with the company’s confidence, providing sporting results work in its favour for the remainder of the financial year, and improving consumer confidence means we remain positive on the outlook for William Hill.
 
“We continue to recommend investors 'buy' William Hill. Growth in its mobile and online operations and selective international expansion should provide regional regulatory and economic diversification. This should also expand its services to appeal to a wider demographic.”