Soilbuild delisting offer

Today Soilbuild announced a delisting offer by major shareholder at 0.80. For the past few trading session, I noticed a sudden surge on share price. This proves again market know what is going to happen next. Maybe those familiar with the deal have already buy in advance.

One less good stock to buy. It is in my watch list, waiting for a lower entry point. The company average ROE more than 20% for the past few years and is on track for recurrent income which could give yield up to 5%. It is a good stock, major shareholder thinks that it is cheap to take it private now rather than later.

We might be seeing more such deal or M&A coming.