Had a few dividends come through so have topped up these today. Whilst they have huge debt in relation to their Capital, the interest payments are well within their cashflow and Gambling, whatever your opinion, is a solid form of income. Following the takeover of William Hill that cashflow should start kicking in as well.
I’d like to go overweight in these but would need to sell something to do so. Mulling this option over currently. In the meantime they now represent about 5% of my Portfolio. I’d like to get that to 10%.
No chart update just yet.
Buy price: £0.83 ish
Portfolio %: 6%
Portfolio total: 8%