image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Tax Systems - Receives 110p cash bid; gain 37%

March 2019

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:
  • TAX
  • Price:
  • 110p
Tax Systems has received a cash bid from UK midmarket buyout firm Bowmark Capital worth 110p a share, which values the business at £100.6m.  On the basis of Finncap’s eps forecast of 4.4p for the current year, the PE is 25 but Bowmark obviously sees the opportunities boosted by the government’s Making Tax Digital requirement for businesses for VAT in 2019 and for corporation tax in 2020. I profiled the shares at 80.5p in October ‘17 and the bid locks in a decent enough 37% gain. Accept the offer. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Tax Systems (June 2018)
Tax Systems - High quality recurring revenues (October 2017)

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

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW