LSL Property Services – argues acquisition agreement ‘delight’, but what’s the current trading outlook?
By Steve Moore | Monday 21 August 2023
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.
LSL Property Services (LSL) has announced that it has agreed to acquire TenetLime, which operates a network providing services to 231 mortgage and protection advisers, subject to FCA approval. Whilst CEO David Stewart is “delighted we have been able to complete this transaction”, what of a share price currently slightly down to 243p?
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