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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Tarsus - Bid at 425p locks in 605% gain

July 2019

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:
  • TRS
  • Price:
  • 430p
The shares leapt after Tarsus announced it had received a take-over approach from European private equity firm, Charterhouse, at 425p a share, valuing the firm at £561m or £668m including debt. The deal equates to 17 times average cash profits (EBITDA) for 2017 and 2018, averaged out to take account for biennial events occurring in “odd” years.Charterhouse has the backing of Tarsus’ independent directors and institutional shareholders, equating to irrevocable support from shareholders accounting for 41.3% of the share equity.Tipped at just 61p in March ‘09, the shares have gained a fantastic 605%. We are accepting the bid. ...

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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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