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CPP Group: Straight Sell at 26.75p – Bid Won’t happen, Lucian Miers on the case

Tom Winnifrith
Wednesday 21 November 2012

There are five things that you need to know about AIM listed AIM Listed CPP Group (CPP). None of them should make you wish to do anything other than sell the shares as soon as possible. Firstly the company has just been hit with a £10 million fine by the FSA, secondly its balance sheet is now severely holes, thirdly earnings visibility is nil and finally a takeover approach it says it has received will almost certainly come to nothing. On a risk reward basis that makes the shares a great short at 26.75p – a level which values the group at £46 million. Oh the fifth? My friend the infamous bear raisder Lucian Miers has this down as his top trading short on AIM right now. Lucian is usually right. To the FSA first.

on TradingResearchPoint | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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