News blog

Plus Markets Group

BY: Andrew Hore |
POSTED: 03/02/2012 |
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Plus Markets Group has put itself up for sale.

Plus Markets wants a partner that can provide the scale and cash required to make the most of the investment that has been put into the business. Plus Markets could remain independent and instead bring in a partner or strategic investor.

Wyvern Partners is handling the offer process.

It is uncertain whether some potential buyers would be interested in the Plus-quoted market. They are likely to be more interested in the potential of the derivatives exchange and the more mainstream operations. Small companies will not be of interest to the larger financial companies that are prospective buyers.

However, GXG Markets set up a new market in London last year and adding the Plus-quoted companies to it would provide critical mass.

At 1p a share, Plus Markets is valued at £3.87m. There was an effective cash outflow of £1.22m in the six months to June 2011, which left cash of £4.6m. In reality, the current cash pile will be lower than market value.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf