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EntertainmentOne - 560p bid from Hasbro

September 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:
  • ETO
  • Price:
  • 585p
EntertainmentOne has been the latest to be targeted by a foreign buyer since the pound weakened amid fears of a no-deal Brexit. This month it received a 560p cash bid from US toy firm Hasbro, which valued it at £3.3bn (more than twice ITV’s 236p offer in 2016).  The shares have gone over the latest offer price on hopes of a counter bid from Disney. Tipped at 69.5p in May ‘10 when Peppa Pig didn’t even feature on broker notes, I would be inclined to take profits. ...

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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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