7th Dec 2023. 10.51am
Regency View:
TAKE PROFITS Ten Entertainment (TEG)
Regency View:
TAKE PROFITS Ten Entertainment (TEG)
Close Ten Entertainment (TEG) at 409p
Our position in Ten Entertainment surged higher yesterday following the announcement of an acquisition by Neon Buyer Limited, owned by U.S.-based private equity firm Trive Capital Partners, at a value of £287 million ($361.71 million).
The deal proposes a purchase price of 412.5p per share, representing a substantial 33% premium compared to the previous closing price of 310p.
Whilst deal price is slightly ahead of the current price, reflecting the small potential for the deal to collapse, we are going to bank our profit and move on.
For more small cap stocks with takeover potential, do check out our AIM Investor product if you are not already a member.
Total Profit (inc dividends) = 44.72%
TEG Daily Candle Chart
Disclaimer:
All content is provided for general information only and should not be construed as any form of advice or personal recommendation. The provision of this content is not regulated by the Financial Conduct Authority.
Disclaimer:
All content is provided for general information only and should not be construed as any form of advice or personal recommendation. The provision of this content is not regulated by the Financial Conduct Authority.