In fact, no fewer than 10 of the companies I follow have now been taken over or exited the stock market in the past year. These include environmental engineer Tinci (TNCI); IT security firm Accumuli (ACM); small- and medium-sized enterprise (SME) finance company Inspired Capital; software company Anite (IAE); vehicle repair group Nationwide Accident Repair Services (NARS); and energy group Fortune Oil (FTO). To that list I can add Aim-traded Pure Wafer (PUR:185p), a leading global provider of high-quality silicon wafer reclaim services, which delisted its shares last week after shareholders voted to appoint a liquidator and receive cash distributions of 188p a share, or 159 per cent more than my advised buy-in price. Green energy company Greenko (GKO:2p) delists its shares on 19 January after selling all its assets and returning 98p a share to shareholders, albeit the exit is below my recommended buy-in price.
I can, though, take credit on Aim-traded KBC Advanced Technologies (KBC: 184p), a consultancy and leading software provider to the global hydrocarbon processing industry which has just received a recommended cash offer from Nasdaq-quoted Aspen Technology, a supplier of optimisation software for plant and process design.