Thanks for the input mate.
Well they are suggesting that employees get in on a share buying scheme, so surely if they are happy for us to buy shares, we should also be allowed to short them.
My reason isn't due to seeing any confidential papers or such.
I just think it's a very badly run company that neglects to update it's equipment.
And now that the government have stepped in to reduce the amount that can be staked (I work in a bookies) down to £2 on gaming machines, their income is going to drop sharply, leaving them in a position where the issue of replacing equipment will be exacerbated.
It's also being said that 900 shops are closing, but this is not insider information. It's just something floating around.
PS:
So less earnings that are not temporary, bad management...
I reckon there's money to be made shorting them. At least in the short term.
No worries dude. I used to trade options on Thomson Reuters when I worked there. I declared to my broker (Charles Schwab) that I worked for them and they didn't have a problem with it.Hey Folks!
Can I legally short the company I work for?
Or a company I used to work for?
Cheers folks!
I havent actually looked at the technicals of the stock yet, but will do when I get back from my trip to Ireland.
I reckon the first earnings report after the gaming machine stake change will negatively impact William Hill stock. It's got to! It's a huge amount of money that's no longer coming in.
Yes, some is already priced in, but from what I can see, management are seriously lacking. Granted, I'm just seeing the tip of the iceberg, but if the top dogs allow those clowns to be managers, then that puts a question mark over their heads, in my opinion.
Let's see how it plays out
I wonder if the closure of 900 shops will be negative for their stock, or be seen as a positive move (trimming the dead weight).
Let's not forget that the tax for their online income has been increased also.