Guardian - Market Forces Live - Feb 18, 2010William Hill plc (WMH)
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Jean Roche
at
Panmure GordonPaul Leyland at Collins Stewart highlighted depressed revenues from machines and in traditional over the counter business"While the weather certainly played a significant part, the machine result demonstrates the scale and urgency of the turnaround, and we note the 'disruption' alluded to in the new machine trials with some concern," he said He believes the share price "places too much hope on a turnaround story", especially if compared to
William Hill, which closed up 17p at 2024pThere was some welcome respite for JJB Sports investors, who have seen the shares fall 28% since the start of the year, after a note from Panmure Gordon helped lift the retailer 275p, or 145%, to 2175p The broker resumed coverage of the shares with a "buy" recommendation and 265p price target noting October's rights issues and the company's plans to be fully stocked in time to benefit from this summer's world cup finals"Following
a successful £100m capital raise, the company has the necessary balance sheet strength to sustain a full recovery," said analyst Jean Roche, adding store improvements should drive like for like salesOn Aim, oil and gas company Cove Energy shot up 1650p or 702% to 3825p after announcing a "significant discovery" off Mozambique
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Paul Leyland at Collins Stewart highlighted depressed revenues from machines and in traditional over the counter business"While the weather certainly played a significant part, the machine result demonstrates the scale and urgency of the turnaround, and we note the 'disruption' alluded to in the new machine trials with some concern," he said He believes the share price "places too much hope on a turnaround story", especially if compared to <span class="company">William Hill</span>, which closed up 17p at 2024pThere was some welcome respite for JJB Sports investors, who have seen the shares fall 28% since the start of the year, after a note from Panmure Gordon helped lift the retailer 275p, or 145%, to 2175p The broker resumed coverage of the shares with a "buy" recommendation and 265p price target noting October's rights issues and the company's plans to be fully stocked in time to benefit from this summer's world cup finals"Following<span class="sent"> a successful £100m capital raise, the company has the necessary balance sheet strength to sustain a full recovery," said analyst <span class="analyst">Jean Roche</span>, adding store improvements should drive like for like salesOn</span> Aim, oil and gas company Cove Energy shot up 1650p or 702% to 3825p after announcing a "significant discovery" off Mozambique...Paul Leyland at Collins Stewart highlighted depressed revenues from machines and in traditional over the counter business"While the weather certainly played a significant part, the machine result
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