Disclosure: I own shares in one or more of the stocks mentioned. 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.
As noted back in November, I am a fan of Tate & Lyle (TATE) shares so it is pleasing to see them up 8% odd year-to-date. There are a bunch of reasons for this as I observed nearly five months ago, but the news today is that it’s buying a “leading prebiotic dietary fibre business in China from ChemPartner Pharmatech Co., Ltd for a total consideration of US$237 million”. It is far from a boring thing to do, in fact – for a company which is outsourcing the management of much of its core historic business shortly – it is actually quite interesting to help it access more of the Asian/emerging market world over time. I remain a fan. And what also about James Halstead (JHD), “the AIM listed manufacturer and international distributor of commercial floor coverings”, whose shares are most certainly not up year-to-date?
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