Good morning!
Company news is dead today so let’s circle back and look at a few miscellanous things from earlier in the week.
Begbies Traynor (LON:BEG) (today’s news)Camp;C (LON:CCR)Vianet (LON:VNET)Goco (LON:GOCO)G4MDNEGTimings – complete c. 3pm.Begbies Traynor (LON:BEG)Share price: 87.8p (+3%)No. of shares: 126 millionMarket cap: £111 millionAcquisitionAnother acquisition by inslolvency practitioner Begbies, hot on the heels of the one on Monday which I commented on.Monday’s target was a business agent, Ernest Wilson.Today’s target is ALJ, a London-based “insolvency and business recovery practice.” Would it be fair to think of it as a “mini-Begbies”?Here is its website. There are 23 individuals on the “Our people” page.TermsThe price is £2.35 million up front (mostly cash), and then another £4 million in defcon over five years. Max defcon will only be paid “in the event of significant growth.Comparison to earnings: ALJ earnied PBT of £0.9 million in the most recent financial year.CEO comment”This acquisition is…
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