date:Jun 30, 2012
The firm announced the sale today (June 29), following predictions of a sale by City analyst Shore Capital yesterday.
Damian McNeela, analyst with Panmure Gordon, said:We think that this is a good result albeit just outside the bottom end of our 350M to 400M valuation range. As a reminder, St Hubert was acquired in January 2007 for about 248M.
The sale price implied a ratio between earnings value and earnings before interest, tax, depreciation and amortisation (EBITDA) of 8.3, he added.
The