Updates

Applegreen

September 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.

After acquiring a package of 46 petrol forecourts mostly in and around Minneapolis last June, Applegreen has made a second summer foray into the US with the purchase of a 40% stake in 23 highway services stations in Connecticut from CT Service Plazas. Locations are mainly on three heavily trafficked routes, which are main interstate routes between New York and Boston, Massachusetts. CT Service Plazas reported EBITDA of US$14.5m, pretax profit of US$4.2m and gross assets of US$213.5m. The consideration was US$37.6m for the initial stake and Applegreen has entered into a call option to acquire the remaining 60% after five years.It looks an excellent opportunity to grow further in the large US motorway market. I am a strong holder ...

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Medica Group

Applegreen - Cash offer of €5.75 a share (January 2021)

Applegreen (November 2020)

Applegreen (September 2020)

Applegreen - Welcome Break deal shifts focus towards convenience retail and food services (July 2020)

Applegreen (November 2019)

Applegreen - Service station group makes transformational Welcome Break acquisition (May 2019)

Applegreen (June 2018)

Applegreen - Irish petrol retailer expanding rapidly into UK and US (November 2017)

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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