A potential management buyout for Cambria Automobiles (LON: CAMB) at 80p a share could provide an indication about the attractiveness of the valuations of AIM-quoted rivals.
The Cambria share price increased 10p to 76p. The potential bid values Cambria at £80m. Net debt was £5.7m at the end of February 2021. Net assets were £71.7m, or £50.2m excluding intangibles, at the end of August 2020.
There are no forecasts for Cambria. Last year, underlying pre-tax profit was £11.1m, down from £12.3m. The potential bid represents nine times last year’s earnings and eight times the previous year w...
