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32Red - Cash bid at 196p a share; gain 35%

March 2017

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:
  • TTR
  • Price:
  • 196p
32Red has received a 196p cash bid from Swedish firm Kindred Spirit (owner of Unibet, StanJames.com and bingo.com). The offer is cut and dried with shareholders, accounting for 71.1% of the shares, accepting it. 32Red has also preannounced that it achieved record NGR of £62.3m, up 28% on 2015 but that is academic! Accept the offer but there may be a counter bid. Gain since June ‘16: 35%. ...

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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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