Updates

Ideal Shopping Direct

May 2011

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.

It has been a long time coming but Ideal Shopping, the UK's only quoted TV channel operator, has finally announced the terms of a recommended offer. A new company established by Inflexion Private Equity is offering 220p a share to value IDS at Â£78.3m. Rather oddly management are surrendering options, which have a value of Â£5m to garner the offer - but then they remain the biggest shareholders so benefit going forward.Earlier in the month IDS also reported its 2011 results with sales up 14% to Â£117m, pretax profit of Â£6.7m and eps of 14p. The offer might therefore appear attractive at first glance but adjusting for the Â£13.7m cash and also freeholds of Â£6.7m, the PE is 11x. With directors irrevocably accepting the offer, the ...

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Creston

Shaft Sinkers - Pre-sinking starts on large (as yet unannounced) contract

Ideal Shopping (October 2010)

Ideal Shopping Direct (July 2010)

Ideal Shopping Direct - Shares hit new highs (May 2010)

Ideal Shopping Direct - trading ahead of expectations (February 2010)

Ideal Shopping Direct (January 2010)

Ideal Shopping Direct - Like-for-like sales are now positive (November 2009)

Ideal Shopping Direct - Founders back in control (March 2009)

Ideal Shopping Direct (January 2009)

Ideal Shopping Direct (November 2008)

Ideal Shopping Direct (October 2008)

Ideal Shopping Direct - Benefits from Freeview roll-out (August 2008)

Ideal Shopping Direct - Terrfic operational gearing (July 2005)

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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