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Alpha: Phil Oakley's shares round-up - 22 March

Some of Phil's analysis this week looks at companies that have made acquisitions - but have they added value?
March 22, 2019

Good companies create value for shareholders, some subjects of this week's round-up have made acquisitions but do the buy cases stack up? 

 

  • Cineworld (CINE) bought regal last year, which exposes it heavily to the continuing health of the US cinema market. 
  • Judges Scientific (JDG), the scientific instrument manufacturer, has grown both organically and by buying other companies.
  • Restaurant Group (RTN) bought the Wagamama chain recently but it paid a hefty price tag
  • JD Sports (JD.) is an extremely accomplished retailer but I have concerns whether its decision to buy Finish Line in the US will work out.
  • I've also looked at Ocado (OCDO) and Asos (ASC) this week.  
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