Evil Knievil: Somebody will take a pop

William Hill (LON:WMH) reported this morning. There is a rather alarming £800 million+ impairment charge. But the underlying business is clearly very sound.

My original tip was that MGM would bid but instead they seem to be getting into bed with GVC. This has had the effect of easing the William Hill share price. However, the underlying argument that William Hill has got its teeth into the US is sound and, if not MGM, somebody will take a pop.

William Hill are now 270p and it is time to buy.