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Poundland - Steinhoff buys 41m shares at 195p

July 2016

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:
  • PLND
  • Price:
  • 193p
The shares shot ahead after South African conglomerate Steinhoff acquired 41m shares from Warburg Pincus at 195p. Steinhoff has since confirmed it is considering a bid for Poundland and has until 13 July to make an offer.  Steinhoff, which listed in Frankfurt last year, currently owns Harveys and Bensons for Beds (410 stores) but is keen to expand. It has previously made all cash (possible) offers for Home Retail (but lost to Sainsbury), and Darty (but lost to FNAC). Take profits. ...

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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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