Charles Taylor Share Price (CTR)

Cash from the buy-out arrived safely in my ISA this morning, and stuck half into AAL, which I think has a bargain on its hands in the form of SXX, and which pays a well-covered divi and has slashed its borrowing this year, while enhancing eps with the share buy-back. Not sure what to do with the other half of the dosh.

The takeover has been approved and we should get the cash on or soon after Feb 4. Thinking of splitting the proceeds between AAL (looks likely to pick up poor SXX on the very cheap, pays a decent divi and has very low debt) and a punt on Accesso Technologies (just dipped my toe in for a few at £4.80 (looks oversold to me - Peel Hunt has a £13 target).

May be behind today's sp increase.

Jumped in.

So a pretty lack lustre report with organic and bolt on profits, cash hard to pull apart. I can only assume the board is concerned at the results so far, still the Sp only fell 2%, or rather the spread opened up to 6%. Anyway, on the for ride as of a few days back, given the debt is now up and the pension liabilities are up and the divi is up and they have a stated strategy to buy more end of life insurance chunks it will be just a matter of time before they do another rights issue.