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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Big Food Group - Eyes Londis bid

March 2004

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:
  • BFP
Encouraging trading for the important five week Christmas period, with like-for-like sales accelerating by 3% at Booker and 1.9% at Iceland. Overshadowing the trading news was that Big Food has made a £40m offer to acquire Londis, one of the two largest networks of convenience stores, after Irish food retailer, Musgrave, had made an initial  bid.  Given that a major part of Big Food's strategy for Booker is to expand its fast growing wholesale delivery business, which sells its produce to a network of affiliated convenience store retailers, Londis would be a good fit.  The shares have broken into new highs.  Await events. ...

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