In this issue... Company features, market insight & Aggressive Portfolio III.
Mind games?
On 8 April Minds + Machines Group (7.2p) announced the sale of the bulk of its assets to an affiliate of GoDaddy Inc. for US$120m. After transaction costs and taxes this translates into a net asset value per share of approximately 8.8p. Although the share price jumped on the back of the announcement, it remains at a significant discount to this level and we feel that those buying in now should see a quick return on their investment.
The day after the deal was announced…
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