Updates

UDG Healthcare - 1023p-a-share cash offer

July 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 leapt over £2 after UDG recommended a take-over approach by Clayton, Dubilier and Rice at 1023p. Rather like the Scapa take-over, this is pitched at a miserable 21.5% premium to the previous day’s price. However, unlike Scapa it may face enough opposition to force a higher bid. Largest shareholder Allianz Global (8.6%) said, “the offer is opportunistic and significantly under-valued the business” while feared American activist hedge fund, Elliott, has just declared a 3.1% stake. I originally wrote this up at 548p in January ‘16, so the gain is a handsome 94%. I will await further developments. ...

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Vistry - Gain since last Novembers write-up: 127%

Topps Tiles - Price target increased from 75p to 100p

UDG Healthcare - Take-over at 1080p yields a 97% gain (August 2021)

UDG Healthcare - Operating margin at Sharp jumps from 12.9% to 15.5% (January 2021)

UDG Health (October 2020)

UDG Healthcare (June 2020)

UDG Healthcare (January 2020)

UDG Healthcare (July 2019)

UDG Healthcare (August 2018)

UDG Healthcare (July 2018)

UDG Healthcare - Confident CFO's unofficial target is 20% eps growth p.a. (April 2018)

UDG Healthcare (February 2018)

UDG Healthcare (December 2017)

UDG Healthcare (September 2017)

UDG Healthcare - Shares hit new high of 837p (July 2017)

UDG Healthcare - Shares rise above £7 for first time (April 2017)

UDG Healthcare (February 2017)

UDG Healthcare (July 2016)

UDG Healthcare - Completes disposal of wholesale drugs arm (May 2016)

UDG Healthcare (March 2016)

UDG Healthcare - Healthcare firms profitability soars after sale of low margin business (January 2016)

UDG Health - Key disposal will lift margins for high-flying healthcare group (November 2015)

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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