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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Gocompare.com - Rejects bid approach but another is likely

January 2018

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:
  • GOCO
  • Price:
  • 97.25p
The shares briefly spiked to a high after Gocompare revealed it received and rejected an all-share bid approach from ZPG, 337p, worth 110p.ZPG owns the property websites Zoopla, PrimeLocation and Hometrack as well as price comparison service uSwitch and finance comparison website Money.co.uk so Gocompare would be a lovely trophy asset for its digital shelf. However, the offer is extremely mean, representing just a 5% premium to Gocompare’s average share price over the previous three months.As Gocompare said in response, “the switching market has growth potential; independent research has identified a £2 billion annual saving opportunity for those customers who have never switched.” Alongside its strong ...

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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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