Ok, you want to know about Hill’s…
Again, these are just my personal views and so please do your own analysis, etc.
Good trusted brand in UK
Recent US offline business showing very good progress
Recent acquisition of Mr Green business could open up international growth online
Online casino does well
FOBT stake changes will have a very negative impact on the UK retail bookmaker shops. Hill’s will be hit hard by this.
Web site is currently quite poor in comparison to competitors. Mobile app is ok.
Poor international online growth to date, has been very UK focused in the past.
US offline business expansion looks very interesting and could be huge
US online business expansion is on hold for now until the law is confirmed
UK online business could be grown if the web/mobile products are improved
International online business could be grown significantly if they decide to focus on it
UK retail business restructuring/close down will cost a lot and distract the management team
Reg’s for UK online business are tightening up a lot and could impact current revenue levels and growth
Personally, I think that Hill’s have sleep walked into the current UK market issues and that they will be hit very hard by it. The US offline growth could be good in years to come, but will need time to build. International online I would like got see grow, but I’m not sure if this will be a priority for them. I would have thought that next year will be poor for them due to the UK retail shut down (expensive), and that this could lead to them becoming and M&A target for someone to buy.