If WMH keeps making progress in the US and online, at this price it is surely going to be a target for a takeover or consolidation event in which case it's fair value at least should immediately be unlocked i.e. closer to £2 a share. Therefore I see a potential 30%+ upside and am buying at this level as a "special situation". In the meantime, you get paid 7% yield to wait.
@Bowman - true, but it does say " no reason to change our targets at this point" and "The interim dividend is proposed to increase in accordance with the anticipated full year profit growth" ... the market reaction seems a bit overdone - no?
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