News blog

Angle

  • BY: Andrew Hore |
  • POSTED: 31/01/2008 |
  • COMMENTS: Add yours

Technology business developer Angle has received a bid approach.

This sparked a 10.25p rise in the share price to 38.75p.

That values the company at £10.5m. Angle’s net asset value was £8.7m at the end of October 2007. That includes £1.9m of deferred consideration for hospital super bug treatment developer Acolyte which was sold to 3M. The maximum deferred consideration is £4.7m. There are other investments which could end up being worth more than their book value but there is no certainty.

Putting a value on the company is difficult and, because of the uncertainty about the future value of its investments, there is no guarantee that a bid will even be as high as the current market price.

© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Northern Bear

Northern Bear more than doubled its interim profits.

Continue reading... | 21/11/2008

SnackTime

Vending machines operator SnackTime is raising just over £1m to finance its expansion.

Continue reading... | 21/11/2008

Cambridge Mineral Resources

Cambridge Mineral Resources has started gold production at its Quintana Gold Mine in Colombia.

Continue reading... | 21/11/2008

Servoca

Servoca’s cost cutting programme will result in the company making a loss in the year to September 2008.

Continue reading... | 21/11/2008

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, dawnay day, financial, health, leisure, media, mobile, resources, rule 26, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds

Rule 26 website solutions

Call Tinderhouse on +44(0)1227 277832 to help bring your website into line with new AIM rules.

Tinderhouse provides comprehensive investor relations (IR) website solutions that provide all the tools and features needed to satisfy today's regulatory requirements.