Ultimate Stocks portfolio: company updates
News of a big acquisition resulted in a steep share price sell-off for one of our Ultimate Stocks portfolio holdings. It certainly looks a punchy deal in the current environment, as you can discover here.
If the already stormy stock market wasn’t enough to deter investors, one of our portfolio companies chose an odd time to make its biggest ever acquisition, at a very rich valuation. The market was unimpressed sending the shares down sharply on the day of the announcement.
Elsewhere, another portfolio company has made a more modest acquisition of a highly profitable company. It certainly looks a good deal to us with the UK listed business also…
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