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Tarsus

March 2014

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:
  • TRS
  • Price:
  • 215p
Tarsus has announced a placing of 5m new shares at 200p to raise £10m. At the same time it is also completing two acquisitions. Bigger of the two is HealthScienceMedia for £8.5m. of which £6.1m is paid upfront and the rest deferred. HSM runs Cardiometabolic Health, an annual three day medical conference covering the cardiometabolic field. In its last year, it had sales of £2.1m and made an operating profit of £1.2m. Separately, Tarsus has also bought 60% of Komatek, Turkey's largest trade exhibition for construction equipment, which is run biennially, for £1.4m with a further £4.5m based on future performance. The acquisitions are expected to be eps enhancing this year. Strong hold. ...

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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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