SBT - Sporting Bet - Travel and Leisure - 37p/£244m
It turns out that my takeover theory on SBT was way off, as ladrokes withdrew its investigations for the takeover for SBT. SBT plunged 20% yesterday on the news. As a potential deal collapses, investors hoping for the takeover exit the scene. This gives me new food for thought: broken takeovers. The valuation statistics are still there, though.
A post on Motley Fool sums up the risks pretty well, and concludes: "Best to wait for Turkish sale"