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Phoenix IT - Daisy/Tosca bid 160p a share

June 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.

  • Epic Code:
  • PNX
  • Price:
  • 156.5p
The shares surged after Phoenix received a bid from Daisy Group/Toscafund at 160p cash, which equates to a PE of 17.6x. Interestingly Toscafund has also just popped up with a 25.7% stake in IMIMobile (IMO; 144p), another recent SCSW recommendation so this could be next in line for a bid.We tipped Phoenix at 134p in December ‘14 and suggested a bid/carve up of the business was likely. Take profits / switch into Redcentric (see page 6). ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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