I have been enjoying a three week break from this website and to celebrate my return I offer a free share tip in the form of AIM listed online dating group Cupid (CUP) which holds an EGM tomorrow to authorise share buybacks. Oddly the stock has dipped ahead of that EGM which will be a formality and that presents a buying opportunity.
Whatever your views on social networking, the fact is that the shifting of social interactions is moving further and further online across the globe. Cupid is successfully tapping into this and whilst, on a superficial basis, the current price-earnings multiple may not look overly attractive, further investigation reveals that within a couple of years the current share price seems likely to be looked back on as a great opportunity. Having risen from a 60p listing price to highs of 250p just over a year ago, the share price is now 166p valuing the firm at £140 million.
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