CLOSING SABMILLER

TRADING BUY FOR +12.46%

SAB agree in principle to 4400p in cash from ABI BB.

Subject to the offer becoming firm we see it closing in around 9 months.

We see it trading around 4400p until closing.

Closing trade and booking +12.46%

 

TRADING CALL


Monday • 21 September 2015 • 10:107


I think it will be about 43 for a friendly deal to get done so should trade around 39 ish…

Definitely worth keeping some/being long via options or cash…Some decent upside still.

Looking for 8-10%return.