On 14 October Carclo acquired US-based Precision Tool & Die (PTD) for an initial consideration of $5.5m (c £4.5m). The acquisition has been funded through a placing raising £7.7m (net) at 120p/share. H117 trading was in line with management expectations. We revise our estimates accordingly and derive an indicative valuation of 144-152p/share.
27 Oct 2016
PTD acquisition the perfect match
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PTD acquisition the perfect match
Carclo plc (CAR:LON) | 7.4 0 0.0% | Mkt Cap: 5.47m
- Published:
27 Oct 2016 -
Author:
Anne Margaret Crow -
Pages:
7
On 14 October Carclo acquired US-based Precision Tool & Die (PTD) for an initial consideration of $5.5m (c £4.5m). The acquisition has been funded through a placing raising £7.7m (net) at 120p/share. H117 trading was in line with management expectations. We revise our estimates accordingly and derive an indicative valuation of 144-152p/share.