View the article online at http://citywire.co.uk/money/article/a593895
PLUS stock exchange sale worries smaller company investors
ICAP has vowed to keep the loss-making PLUS stock exchange open, but the acquisition has raised fears that what was a nursery ground for smaller companies may disappear.
‘There is so much value at the bottom of the market,’ he says. ‘A lot of these companies have cash on their balance sheets and it can be easier for smaller firms to merge with other companies in their sector to reduce costs and get on board their existing institutional shareholders.’
Bellau adds: ‘There will also be a few MBO [management buyout] opportunities if they can find the funding and certainly the potential for M&A activity, if companies do move off the market and have significant number of shareholders it is not a comfortable position to be in.’
News sponsored by:
The Citywire guide to investment trusts
In association with Aberdeen Asset Management
What can SLI bring to the table for those who want to put their money into investment trusts?
More about this:
Look up the shares
Look up the investment trusts
Look up the fund managers
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add firstname.lastname@example.org to your safe senders list so we don't get junked.
by Michelle McGagh on Aug 01, 2014 at 05:01