PCF has announced the acquisition of Azule, a specialist finance provider to the broadcasting and media industries for up to £5.6m. In the year to June 2018 Azule generated a PBT of £0.8m, an ROE of 27% and had a £16m portfolio of receivables at the end of the period, implying a multiple of 0.35x receivables. The acquisition is expected to be immediately earnings-enhancing. We will revisit our forecasts following FCA approval and the full year trading update later this month
08 Oct 2018
Acquisition of Azule
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Acquisition of Azule
PCF Group plc (RLW:FRA) | 0 0 0.0% | Mkt Cap: 55.1m
- Published:
08 Oct 2018 -
Author:
Robert Sanders -
Pages:
2
PCF has announced the acquisition of Azule, a specialist finance provider to the broadcasting and media industries for up to £5.6m. In the year to June 2018 Azule generated a PBT of £0.8m, an ROE of 27% and had a £16m portfolio of receivables at the end of the period, implying a multiple of 0.35x receivables. The acquisition is expected to be immediately earnings-enhancing. We will revisit our forecasts following FCA approval and the full year trading update later this month