Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

Another garden centre attracts attention

Having only commented on the Dobbies share price a few days ago I now see that Blooms of Bressingham the other AIM quoted garden centre group has announced that it is in discussions which may or may not lead to an offer being made for the Company with an indicative offer price of 85p per ordinary share.

The share price prior to the announcment was c78p.

One leading analyst has commented that the offer is possibly from my friends Dobbies. Apparently it would be a good fit, as the geographical locations between the two companies are complementary.

The other thinking is that it could be Mr Hunter who is looking to add to his Wyevale empire.

Apparently 85p doesn’t look that appealing if one considers the potential of the property portfolio and other interested parties could appear. Once again, one can only assume that some of these garden centre properties have some great potential.

I wonder what Alan Bloom would have thought of all this-it’s certainly gone way beyond plants!


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