Car dealers’ recovery potential

new car sales

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....

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.