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Plastics Capital - average down and or buy as acquisition announced

By Tom Winnifrith & Steve Moore | Tuesday 4 November 2014

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Plastics Capital (PLA) has announced a, conditional on 20th November General Meeting approval, £5 million placing at 98p per share to help fund a prospective £9.82 million, and up to £10.64 million, acquisition of a business from the Grim North. we guess that this shows that not everyone living north of Kenilworth lives off welfare. You learn something new every day.

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