The Lemon Fool

Is this share worth a look? I notice there was some news on Friday.

Firstly the disposal of Hobson's for $410m.

https://www.investegate.co.uk/daily-mai ... 0004EUOIS/

This will give a substantial boost to net cash.

Secondly a possible float of Cazoo by the end of the year with a valuation up to £5bn (DMGT own 20%).

https://www.investegate.co.uk/daily-mai ... 1918ENNFE/

https://www.thisismoney.co.uk/money/mar ... ation.html

By my admittedly very basic calculations these two moves would leave them with net cash and liquid assets of around the current market cap of £1.64nb with the rest of the business thrown in for free.

The balance sheet is already very healthy.

The price jumped 20% on Friday and may jump some more on Monday, but if the rise is not too great it could be worth doing some research over the weekend and nipping in. They seem to pay a respectable yield too.

Anyone have a view?

There was a surprise announcement from these the other day of a possible special distribution of cash and Cazoo shares and a takeover for the rump. I'm struggling to work out what the total value would be but I saw a press report which suggested it would be over 1200p a share.

https://www.investegate.co.uk/daily-mai ... 0019EUHYM/