Thursday, 30 June 2016

Takeover Heaven

At last, one of the email alerts I've been looking forward to since I started investing - one of my companies has been taken over!

A great remedy for the misery of the last few weeks, as WLG:Wireless Group have been taken over by News Corp for a whopping 70% markup on the current price. That caused the current price to surge 67.7%. OK - I only have a pretty tiny holding costing £311.76, but it's now worth £539.85 making a £228 profit, and a special dividend from selling off UTV due in a few weeks. Yippee!

Not only that, but RCI:Rapidcloud have surged by 32.7% today, my nemesis share AFG:Aquatic Food has risen by 20% and KIBO:Kibo Mining by 11.1%.

The result of that and the other gains over the last three days means I've clawed back all the £1,700  lost on Monday plus £450 of the losses on Brexit Friday. This still leaves my main portfolio on a paper loss of £5,900 but it's a hell of a lot better than Monday's £7,800

Time to go to the pub for a celebratory pint!

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