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Elektron Technology

  • BY: Andrew Hore |
  • POSTED: 07/04/2014 |

Electronics and instrumentation supplier Elektron Technology is considering a possible sale of the company and its other strategic options.

A formal sale process has commenced . Alternatives are the sale of non-core assets or finding additional forms of financing. There have been discussions with third parties about a number of different options. Elektron has raised more than 2m from the sales of Total Carbide, Tinsley Traditional and SIFAM.

Elektron has already warned that it will consider the carrying value of its assets in its next accounts. Net debt has risen from 5m to 8.2m at the end of January 2014 due to restructuring costs. The revolving credit facility is due for renewal in April 2016 but Elektron is in discussions with its lender because of recent trading.

At 6.25p a share, Elektron is valued at 7.47m.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFMarch2014_54.pdf

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