RE:William HillI just did the math on a JPJ buyout based on the recent NYX deal and get no less than GBP13.20. Consider that the company also will attract a more substantial margin given that it is the UK's top brand and also the debt would be easily assumed with a new rate circa 4% would give an extra GBP15m in free cash flow per year, which to an extra GBP1.50 per share.