Updates

GoCo Group - Bid approach at 136p-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.

GoCo has agreed to be taken over by high flying digital publisher Future, 1748p, with shareholders to receive 0.052497 new Future shares plus 33p in cash valuing the offer at 136p a share, a 23.6% premium based on the closing price of 110p the day before, valuing GoCo at £594m. The deal marks a leap away from Future’s core area, with its plan to apparently cross-sell GoCo’s products across its online titles. GoCo’s management, including Chairman and largest shareholder Sir Peter Wood (29.65%), have irrevocably voted in favour.A member of Trader Portfolio 1 and originally highlighted at 91p in May ’17 the shares have gained 36%. We are accepting the offer. ...

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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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