It’s time to check out

It’s time to check out

Mantra its time to check out

The best part of my job is when I can deliver a winning trade for my client’s and I am delighted to report that it is time to lock in a nice profit on Mantra Group. Recently the French hotel giant Accor, lobbed a $1.18 billion or $3.96 per share all cash bid for Mantra and the board have unanimously accepted the deal.

The stock is currently trading at $3.90 which is a slight discount to the bid price, however the deal will not be wrapped up until March next year.  I am happy to lock in a profit of 38.2%  on this one and move on.  Investors who followed my recommendation and purchased Mantra back in January would have received two dividends which totalled $0.11 and $1.00 per share in capital gain.

I have enjoyed my stay at Mantra but the holiday is now over.  I have some very fond memories.

It’s time to check out!

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