Updates

Incadea - 190p cash bid from Dealertrack; gain 128%

January 2015

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.

Christmas came early for Incadea shareholders after a knockout offer by Dealertrack Technologies (NASDAQ; TRAK). Dealertrack is offering 190p cash per share, which values Incadea at £121.6m. Based on forecasts for the year to 31 December from N+1 Singer of sales, pretax profit and earnings of Eu56.3m, Eu4.9m and 6.1 cents respectively, it looks a superb premium. Dealertrack has received acceptances from 56.1% of shareholders. We tipped the shares in September ‘12 at 83.75p. Accept the offer. Gain 128%. ...

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Telford Homes - High confidence in the year ahead

Tungsten - Enters into "multi billion dollar" financing

Incadea (September 2014)

Incadea (February 2014)

Incadea - First of three big contracts (worth Eu30m) announced (January 2014)

Incadea (November 2013)

incadea - 90% of full year forecast in the bag (June 2013)

incadea - Continues winning market share (March 2013)

incadea - Proportion of direct sales hits 76% (October 2012)

Incadea - Explosive growth from DMS software in emerging markets (September 2012)

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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