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Capital for Colleagues Sells CAS Stake
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Overview
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Capital for Colleagues PLC sells part of its stake in Computer Application Services Ltd (CAS) to Bill Ainscough and TJ Morris Ltd for GBP256,960, maintaining a 28.9% ownership. CAS's stock price is at 75.00 pence, marking a 64% surge in the last year.
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How does this transaction position Capital for Colleagues in terms of future investments and partnerships?
How might the sale of the stake impact the future direction of CAS?
What factors contributed to the significant increase in CAS's stock price over the last year?
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