Updates

CSR - Receives 900p bid; SCSW gain: 277%

November 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.

The shares surged after a firm bid was accepted but surprisingly the offer isn’t from Microchip, which made the original approach but instead comes from Qualcomm (QCOM; US$77.4), which seems to have been forced out of the woodwork. The 900p all-cash offer values CSR at $2.5bn and looks a fairly full price of 3x EV/Sales and 20x EV/EBITDA.The bid brings the curtain down on one of the most successful British technology companies of the last two decades. Tipped at 239p in the March 2012 issue and added to Growth Portfolio 2 that month. Gain: 277%. Accept the offer. ...

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4Imprint

Synergy Health - Receives 1950p bid; SCSW gain: 306%

CSR (September 2014)

CSR (January 2014)

CSR (September 2013)

CSR (March 2013)

CSR (December 2012)

CSR - Sells mobile business for US$312m (August 2012)

CSR (June 2012)

CSR - Forecasts raised ahead of 9800 Bluetooth/WiFi launch this summer (March 2012)

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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