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Brixton - Segro makes all-share offer

July 2009

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:
  • BXTN
  • Price:
  • 42p
Since our last update two months ago shares in Brixton have experienced a slight recovery from a low of 14p to 72.5p at one point. Initially, it just seemed to be a beneficiary of the so-called “dash for trash” but then the new CEO did earn some plaudits by selling four industrial units for a total consideration of £70.25m in order to reduce debt levels. Subsequent to this, Brixton has announced a take-over approach, which turned out to be an all-share offer from larger UK rival Segro, 23p on the basis of 1.75 Segro shares for each Brixton share.With Brixton fast running out of time to re-finance, the Segro deal is probably its best hope. Accept 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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