By Steve Moore | Saturday 2 August 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.
Shares in design and engineering consultancy Hyder (HYC) fell more than 38%, to below 400p, in the aftermath of a February warning that “results for the financial year are expected to be materially below current market expectations due to delays in new contract awards in Australia following the election, and project delays in the Middle East”. However, a recommended 650p per share cash offer for the company has now been announced. Are there lessons to be learned here?
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