Offer for Civitas Social Housing
I see that an offer has been made for Civitas Social Housing. The price has surged to about 80p, but this is still at a discount to the NAV of 110p. While I welcome the rise in price I am in two minds about agreeing to the offer which, in my case, means selling at a loss and also losing an attractive yield. It looks as though it is a done deal so small shareholders will have to lump it. What do others think?
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We will be commenting on the offer in the next issue of the newsletter, and for the moment advise holders to sit tight. You can hear Andrew McHattie's views on the offer on the Money Markers podcast here: https://money-makers.co/2023/05/13/money-makers-podcast-13-may-2023/