15% dividend yield | Soaring shares | Yet another takeover
Results and updates covered here brought a big sell-off in the share prices of two stocks, both of which have the attraction of whopping dividend yields, but are they reliable? Elsewhere, shares in a family-controlled engineering group soared to new highs on an unprecedented trading update. Read on here for our thoughts on this and other news, including yet another AIM takeover.
Another AIM takeover
Idox (AIM: IDOX), the supplier of software and geospatial data solutions to the public and asset-intensive sectors, announced that it has agreed to be acquired by US-based investment manager Long Path for 71.5 pence in cash, an approximate 27% premium to the closing price the day before. Long Path is the second largest shareholder in Idox, holding a 12% stake.
The acquisition represents an implied Enterprise Value multiple…
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