Aim-traded clean energy investment company Leaf Clean Energy (LEAF:100p) has now returned £21.5m cash to shareholders through a compulsory redemption of 99.35 per cent of its issued share capital at 122.8p share.
It is unlikely there will be any further significant distributions by way of compulsory redemption, so the board will commence formal wind down proceedings and plans to delist the shares from Aim. It’s proved a cracking investment - the two compulsory redemptions this year have produced a 273 per cent capital return on my 38p entry point (‘Pointing to a successful outcome’, 19 Apr 2016) - and I would recommend selling the tiny portion of what’s left of your holdings in the market.
■ Simon Thompson's latest book Successful Stock Picking Strategies and his previous book Stock Picking for Profit can be purchased online at www.ypdbooks.com, or by telephoning YPDBooks on 01904 431 213 to place an order. The books are being sold through no other source and are priced at £16.95 each plus postage and packaging of £3.25 [UK]. Postage and packaging is only £3.95 for purchases of both books.
Details of the content of both books can be viewed on www.ypdbooks.com. They include case studies of Simon Thompson’s market beating Bargain Share Portfolio companies outlining the investment characteristics that made them successful investments. Simon also highlights many other investment approaches and stock screens he uses to identify small-cap companies with investment potential, too.
Simon Thompson has been named 2019 Small Cap Journalist of the year at the 2019 Small Cap Awards, a prestigious event celebrating the best and rewarding the finest professionals and companies that work within the AIM and NEX communities. It is attended by institutions, fund managers, brokers and advisors operating in the sub-£100m market cap quoted company sector.
