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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Contour Global - Receives bid at 263p; gain 27%

August 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GLO
  • Price:
  • 263p
Contour Global, which I wrote about (and bought) at 207p in September 2020 has received a cash bid from private equity firm KKR at 263p, a 36% premium to the closing price the day before. The company, which owns and operates a large portfolio of renewable and thermal power plants, originally listed at 250p in November 2017 but struggled to persuade investors on the superb growth opportunities. Contour Global’s EBITDA has increased 20%  from US$702m in FY’19 to US$842m (up 17% year-on-year) in FY’22 so it had been building a head of steam and the 2.5x EBITDA multiple stripping out its debt seems mean. With nearly 73% irrevocable undertakings, it looks like a done deal. Gain: 27%.  ...

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Contour Global - Owner of power plants growing aggressively through acquisitions (September 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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