Price and value are often confused. Indeed it sometimes takes an impromptu bid before investors twig the difference. Take Elektron Tech, who today said it had received “an unsolicited offer for Bulgin at a substantial premium to the Group’s market capitalisation (ie £84m)”. On this occasion nothing came of it, with the interested party ultimately withdrawing “due to strategic reasons”. However, we believe the approach from an unspecified “overseas buyer” nonetheless highlights the considerable upside available, and puts a solid floor under EKT’s shares.
05 Feb 2019
Bulgin approach infers “substantial” upside
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Bulgin approach infers “substantial” upside
Checkit plc (CKT:LON) | 21.0 0 0.0% | Mkt Cap: 22.7m
- Published:
05 Feb 2019 -
Author:
Paul Hill -
Pages:
4
Price and value are often confused. Indeed it sometimes takes an impromptu bid before investors twig the difference. Take Elektron Tech, who today said it had received “an unsolicited offer for Bulgin at a substantial premium to the Group’s market capitalisation (ie £84m)”. On this occasion nothing came of it, with the interested party ultimately withdrawing “due to strategic reasons”. However, we believe the approach from an unspecified “overseas buyer” nonetheless highlights the considerable upside available, and puts a solid floor under EKT’s shares.