Simon Thompson 

Checkit’s global sales opportunity

Simon Thompson

Simon Thompson

Shareholders in technology group Checkit (CKT:55p), formerly known as Elektron Technology, are on course for bumper £81m cash return in November following the recently completed disposal of Bulgin, a world-class designer and maker of hermetically-sealed (air and watertight), fail-safe circular connectors. Documents will be sent to shareholders in the coming days that will offer them the chance to tender their shares at 65p on the basis of two shares repurchased for every three held. That’s a 48 per cent premium to the 44p entry point in my November Alpha Report.

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