16th Dec 2022. 9.59am
Regency View:
TAKE PROFITS Crestchic (LOAD)
Regency View:
TAKE PROFITS Crestchic (LOAD)
Crestchic (LOAD) Close at 396.5p
As highlighted in yesterday’s AIM Investor update Crestchic agreed to a £122m takeover bid from Aggreko.
Under offer terms, Crestchic stockholders will be entitled to get 401p in cash for each share, which is a premium of 13% on last Thursday closing price of 356p.
The deal comes just two months after we first highlighted the stock to our AIM Investor clients, and we believe the best course of action is to crystalise profits at current prices.
Profit = 49.6%
LOAD Daily Candle Chart
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