Post on ADVFN16 Sep 2009 15:49
baner - 16 Sep'09 - 12:48 - 231 of 233
bid approach announced today - excellent news.
the sector is valued at 100-150% as Enterprise Value/Sales.
with sales of £13m and net debt at say £2m the VERO equity should thus be worth £11-17m or 29-43p.
as the predator is said to be a financial investor, assume they will look for a bargain however hardly less than 20-25p.
this announcement should also trigger interest from potential trade buyers - there are quite a few out there who should be willing to pay the "full value" as outlined above. with 93% gross margin, Vero should offer scope for significant synergies.
exciting times for Vero shareholders - eventually!