Evil Knievil: It’s a Done deal

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Evil Knievil: It’s a Done deal
Master Investor Magazine

Master Investor Magazine 60

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It’s a Done deal: Fred Done knows what he is doing in the stock market and, given that he is boss of the hugely successful BetFred, he is worth listening to. Yesterday it emerged that he has bought 3% of William Hill (LON:WMH), adding that these shares, now 130p, are massively undervalued. He is not joking.

His central argument is that WMH will be a big winner on the legalisation of sports betting in the US. He knows what he is asserting.

I paid 131p this morning.

(Incidentally, and just being topical, sports betting is a very green activity and entirely free of Covid-19 at the operational end.)

*****

It’s a bum deal: Accrol (LON:ACRL), the makers of toilet rolls, have seen their shares ramped up in recent days as a consequence of panic purchases. But the bottoms of Britain can only consume so much and, accordingly, I would sell ACRL for the time being. Now 37p bid.

*****

Apparently, some UK gilts went on to a negative yield basis to redemption yesterday. As far as I am aware, nothing like this has ever happened before.

This disease is much more widespread elsewhere around the world and it surely means that gold is a screaming buy at $1,660.

On 7th July, we will be running a Q&A webinar with the one and only Evil Knievil (Aka Simon Cawkwell). Please share a question for Evil below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

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Comments (1)

  • J L says:

    Accrol Have you actually looked at the share price trend over the last two years, and the last results statement showing the continuing success of the turnaround story?

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