Kape Technologies (KAPE:123p), a provider of cyber security software and a constituent of my 2017 Bargain Shares portfolio at 47.9p when the company was known as Crossrider, has pulled off a major earnings enhancing acquisition that sent its share price surging. It also vindicates my decision to recommend exploiting the glaring valuation anomaly on offer when the shares were priced at a bargain basement 70p only a couple of months ago (‘Exploit Kape’s valuation anomaly’, 18 Sep 2019).
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