image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Budgens - Take-over highlights convenience store renaissance

July 2002

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:
  • BGE
We highlighted shares in  convenience store operator, Budgens, last August at 99p.  Of particular interest to us was the presenceof  acquisitive  Irish grocery and food distributor, Musgrave, on the share register with a 43% stake. We believed that oncethe restrictions preventing it from making a bid ended that month, the way would be clear for a take-over.  And so it has proved, with Budgens having just announced an agreed 135p cash offer. LikeT&S Stores (which we cover elsewhere) Budgens has benefited from aresurgence in demand for the  neighbourhood convenience store,which many commentators thought would fall by the wayside because ofincreasing supermarket buying power.  Not so.  ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW