Broker Peel Hunt believes that the current level of bidding activity means that the market is undervalued. It thinks that the potential vaccine means that bidders will take a longer-term view and assuming talks with the EU do result in a trade deal that will remove further uncertainty.
While AIM has outperformed most markets around the world, the Main Market has been a laggard. That means that fully listed companies are particularly attractive to overseas bidders. Nearly three-quarters of revenues generated by the constituents of the FTSE All Share index come from outside of the UK.
The ...
