Friday July 31st 2009 saw some steady but strong trading in William Hill shares based on a high lievel of activity. The volume at day’s end finished up at 3.85 M.
The value of shares was 180.00 at the opening of business and 183.50 was the value of shares by the end of the day.
That is all of 1.6% higher than the Thursday price of 180.50 and this price is 2.0% higher than the 179.75 on Wednesday July 29th.
Over the course of the day the low watermark for the shares was 179.75 while at another time the shares hit a high of 187.00 that is a variance of 1.94 percent between high and low during the day’s trading.
Based on the large volume of 3.85 M this shows a nice steady level of business and fairly good confidence in the stock. This would seem to signify that the online end of the business has dome much to allay some of the fears that have been circulating about the future of traditional bookmaking over the last few months.
Beneficial Holdings has just announced it is going to go ahead with the acquisition or possible development from scratch of an online gaming division.
Reports suggest that the company intends to provide an initial offering of the usual games that people have come to expect such as poker, blackjack, slot and roulette etc.
There is no word yet as to whether the company intends to develop its own software to run these games in house or partner with one of the main software and IT solution providers in the field.
Beneficial Holdings already has a very strong presence in the bricks and mortar casino world but has waited quite a long time before entering the online casino market in a meaningful way. It will be very interesting to keep an eye on this as it develops.
On the back of some of its recent deals, CryptoLogic has been trading strongly on the Nasdaq recently. Wednesday was no exception. There have been some downs but for the most part it has all been up and up for the company of late.
On Wednesday July 29th, 7.10 was the share price by the conclusion of business. This leaves the price 8.4% higher than the Tuesday price of 6.50 and is all of 2.6% up on the Monday 27th price of 6.91
These gain are all the more impressive when viewed within the context of the volume of shares trades. For the full day there was a relatively low volume of trades at 62,908.
During trading 6.52 was the lowest price for the shares while at another stage the highest value of the shares was the same as the closing price. This gives us a total of 7.90 percent variance between low and high over the course of the day’s trading.
888 Holdings had a pretty rough day in London on Tuesday July 28th While the previous two days of business had held steady there was a drop off today.
At the day’s start 88.50 was the standing of the shares and by the end of trading it was 86.75. This gives a price that’s 3.74% down from 90.00 on Monday July 27th and Friday July 24th.
The number of shared traded at the close of business finished up at 617,360. On the basis of the volume the almost 4 percent drop in value is fairly significant while by no means being catastrophic.
During trading the shares traded at a low of 85.912 while at another stage the high watermark for the shares was 90.22.
This is during the day’s trading, from low to high a variance of 1.9 percent and while the shared finished it should also be noted that they did hold above the finishing price for a decent portion of the trading sessions.
PartyGaming has just had quite a positive day in the London markets Monday July 27th based on a fairly low volume of trading. The number of shared traded at day’s end came in at 243,580 which is down quite a lot on the average over the days of the previous week.
At the start of the day the valuation of the shares was 253.50 and by the closing bell the valuation of the shares was 249.25.
That is 1.4 percent down from 252.75 on Friday July 24th but leaves the price 0.2% up from the close of 248.75 from last Thursday July 23rd.
Over the course of the day the shares traded at a high of 253.50 and at another stage 243.00 was the low watermark for the shares.
That gives us during the day’s trading, between high and low a total of 1.6 percent variance.
This positives in this set of numbers start to take on real significance when viewed through the prism of the very low volume of trades for the day.
A recently released report has shown that the drop off in business at traditional bricks and mortar casinos in The United States is being similarly being experienced in offline casinos within the gambling friendly jurisdictions broadly based within the European Union as well.
Analysts within the industry seem to be in some disagreement as to the exact mixture factors that have been causing this state of affairs.
The obvious point that needs to be stated is that the main online casinos have been doing extremely well over the same period of time.
The other elephant in the living room is obviously the extreme turmoil that world’s economy has been undergoing during the same period of time.
The ways to view the statistics are almost infinite and they can be used to skew opinion in one direction or the other. As the Western economies begin to pull out of the downturn it will become much clearer in terms of being able to distinguish the causal effects of the the current situation.
For now one thing is clear from the numbers, online casinos are doing very well and offline casinos are struggling to varying degrees.
Something that has been looked at very closely recently is how will the Russian market change for online casinos now that bricks and mortar casinos have been banished from all the major population centers.
Russian people have always had a strong affinity with casinos and while the move had been talked about for some time it was still a massive shock to the system when it actually happened.
Online gambling is also supposed to be covered by the ban but all indicators would suggest that the Government has had basically no luck so far in stopping people from accessing internationally based online casinos.
It will be very interesting to see if the Government steps ups its efforts to curb inline gambling or sees the difficulties attached to doing so and turns a blind eye to the current situation.
Friday July 24th saw William Hill down on the previous days but holding reasonably steady on the London markets.
There was certainly no shortage of activity on the shares with the real world volume over the course of at 2.08 M
During the day 190.25 was the weakest price for shares while during another phase the highest price for the shares was 194.50. That gives us during the day’s trading, from high to low a range of 0.9 percent
At the day’s beginning the share price of the company was 193.00 and the value of shares was 191.25 by the closing bell. That price is 1.04 percent down on the Thursday 23rd price of 193.25 and is all of 1.30% lower than the Wednesday July 22nd price of 193.75
While the numbers are certainly down, this does not signify a major negative shift in the share price and the large volume of trades certainly points to a reasonably robust market perspective in the short term.
PartyGaming has had a fairly volatile yet healthy couple of days in the markets. Thursday July 23rd 2009 is a perfect case in point. The real volume of trades upon conclusion of trading finished on 903,811 and this exemplifies the brisk trading which took place.
At the day’s start the share price of the company was 238.00 and the share valuation stood at 248.75 at the closing bell. That is all of 5.7% higher than the close on Wednesday at 234.50 and leaves the price 4.5% up on the Tuesday price of 237.50
During the day’s trading 238.00 was the lowest value of the shares while during another phase 250.00 was the high watermark for the shares that gives us over the course of the day’s trading, between low and high a window of 4.51%.
All of these numbers point to a lively session of trading by anybody’s standards and they also show how this has been the case for a few days now. Recent deals with the Five TV channel and other high profile deals could be pointed to as a source of the high level of interest currently being shown in PartyGaming.
CryptoLogic had a fairly lively day on the Nasdaq on Wednesday. The volume of trading was fairly low but the positive price movement over the last couple of days has been fairly healthy
At the beginning of the day the value of shares was standing at 6.05. By the end of the day the value of shares was 6.26. this leaves the price 2.5% higher than the 6.102 on Tuesday 21st and is 1.1% up on the Monday July 20th price of 6.19.
As I said this movement is all the more healthy when based on the fact that it was done on the back of a relatively low volume. The number of shares traded at the end of the day finished at 56,459
Over the course of the day’s trading 6.38 was the highest value of the shares while at another stage the low watermark was 6.00. This is during the day, from high to low a total of 3.47% variance.
This follows a general trend of strong performance on the Nasdaq for the company lately. One of the most obvious causes of this strength could be the range of deals that the company has been doing recently such as the ones with 888 and Paddy Power.
