recent article on the sale of marie18 Jun 2009 02:41
a poster from ADVFN linked this :-
http://www.thegrocer.co.uk/articles.aspx?page=articles&ID=200656
i heard market concensus seems to be £20m. if UNIQ indeed does sell Marie and the share price indeed does go up and you have no idea of how much they should be worth, here's a very very simplified calculation. total shares in issue is 114,833,817. just take the sale price, divide by that figure and you have cash per share. so if any of UNIQ's assets are sold for :-
£20m = 17.4p cash per share
£30m = 26.1p
£40m = 34.8p
£50m = 43.5p
£60m = 52.2p
that's cash alone. does not include property & equipment, current cash in bank, potential future earnings, borrowings, trade payables, goodwill, etc. NAV per share is already almost 60p but the market is pricing them at less than 20p now. anyway, just a thought. it would be a shame if market capitalisation of UNIQ is less than cash & cash equivalents. if u can form an idea of how much your shares are worth, just ensure that you get the right price for your disposal.
i'm here long term so personally, I secretly prefer a delayed sale to command a better price when markets properly recover rather than a firesale now. after all, Marie is generating a profit.