News blog
Angle
- BY: Andrew Hore |
- POSTED: 31/01/2008 |
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.
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