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Future - Fifth acquisition - in the US and its largest ever - 10% eps upgrade for next year

August 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FUTR
  • Price:
  • 485p
Future has announced the acquisition of the B2C business of Purch for US$132.5m/£100.1m. To fund the deal it is carrying out a rights issue at 303p on a basis of 3 new shares for every 4 shares held.This acquisition is a larger step up than the earlier US purchase of Newbay. Purch’s business is also more closely aligned with Future’s, with prominent brands in consumer technology and science and knowledge. Its owned technology brands include Tom's Guide, Tom's Hardware and Top Ten Reviews, and science brands Live Science and Space.com.Purch generates solely digital revenues, with no legacy print, and has similar  “how-to” content to better inform shoppers about their purchasing decisi ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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