IMPERIAL Holdings, the JSE-listed vehicles and logistics group, has continued its acquisitive and capital-intensive investment strategy despite the challenging trading conditions in its sectors.It is still on the prowl for acquisitions of logistics targets, particularly in the UK and Africa, as it plans to increase its fast-moving consumer goods and pharmaceutical deliveries there.Some of its peers are holding back on new buys as the gloomy sector outlook and the Brexit vote have left many potential buyers in the UK “paralysed”, in a sense.However, for investors who like companies that boost earnings through acquisitions, Imperial’s attitude makes it an investment to rush into.Its planned acquisitions will rapidly expand Imperial’s business mix and change its character. This activity will also grow the company’s market cap while earning great returns for investors. Its market cap is R33.6bn at present.As the company has moved to restructure its asset base and dispose of nonstrategic...

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