the richest man in atherstone
Post details: Plusnet Stock Part V
14 October 2006
02:03:43 am, Categories: Make thy gold multiply Plusnet Stock Part V
Plusnet Stock Part I, Part II, Part III, Part VI
This week, my 200 shares in Plusnet have soared from £1.50 to £2.00. It was only month ago that they were valued at around £1.00.
This is the result of the company confirming that they have recieved a "preliminary approach which may or may not lead to an offer being made for the company" .
Analysts have speculated that the approach is from BT Group and that an offer of around £2.00 would be most likely.
Unfortunately, the shares cost me around £2.50 each, so I am hoping that the share price continues to rise to at least this amount. I am considering selling now and cutting my losses, however I expect I will hold out a little longer and see how it progresses. Nevertheless, I have the weekend to think about it which should be plenty of time.
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