29th Feb 2024. 9.35am
Regency View:
TAKE PROFITS Belvoir (BLV)
Regency View:
TAKE PROFITS Belvoir (BLV)
Close Belvoir (BLV) at 275p
The Property Franchise Group has agreed a takeover of Belvoir Group, offering 0.806377 of a new Property Franchise Group share for each Belvoir share.
Shareholders approved the takeover on February 15, 2024, and court approval is pending at a hearing on March 6th. If approved, the effective date is set for March 7th. Shareholders wanting to sell before completion must do so before 4:30 pm on March 6th.
Whilst Property Franchise Group is a high quality business with an impressive track record for profitable growth. It is standard practice for AIM Investor to close our position on takeover – crystalising a solid six-month return.
Profit = +22.7%
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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.