A spin-off or divestment is when a parent company divests part of its business to form a new company listed on the exchange. Spin-offs are usually worth looking at due to the fact that parent companies want them to do well otherwise it would bring adverse publicity back on the company, so they usually have spun off the company with a strong balance sheet and management in the new company are free to run it as they see fit.
Look for insider buys in the first six months to see if directors think the prospects for the company are good.
Click on the stock symbol for more information.
Please note information relating to any securities mentioned is not a buy or sell recommendation and you should always investigate further and make up your own mind on the course of action to take. The information presented has been obtained from original and published sources believed to be reliable, but its accuracy cannot be guaranteed. The entire contents are copyright. Reproduction in whole or part is strictly forbidden without the approval of the publisher. This information is not financial advice and does not take into account your personal situation and we accept no responsibility for any claim, loss or damage as a result of information on this website.