Q: Hi 5i Team,
I have received a offer from SES to purchase shares between $11.40 and $13. The position I have is part of a diversified portfolio in my TFSA and I am up 90% at current prices and have really enjoyed the growing dividend. I am tempted to sell 1/3 of my position at the higher range of the offer to take some money off the table.
What are your current thoughts on SES as a company, its assets and market position?
What do you think of the offer given the current market price and this point in the cycle?
Thanks for the great service!
Colin
I have received a offer from SES to purchase shares between $11.40 and $13. The position I have is part of a diversified portfolio in my TFSA and I am up 90% at current prices and have really enjoyed the growing dividend. I am tempted to sell 1/3 of my position at the higher range of the offer to take some money off the table.
What are your current thoughts on SES as a company, its assets and market position?
What do you think of the offer given the current market price and this point in the cycle?
Thanks for the great service!
Colin
5i Research Answer:
SES has a strong balance sheet and a very low valution of less than 6X earnings. It plans on...