Updates

Applegreen - Cash offer of €5.75 a share

January 2021

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.

The shares jumped over 150p after Applegreen said it was in advanced discussions with a consortium including B&J Holdings (Applegreen’s founders who have a majority 41.3% stake) and Blackstone Infrastructure Partners in relation to a possible cash offer at €5.75 per share (around 527p). That’s a 48% premium to the previous day’s closing price.Applegreen was a main write-up at 345p in July so that’s a pleasant 46% gain in just six months. Given the Brexit volatility we won’t hang around for a possible counter bid but are banking gains and selling. ...

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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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