Multiples show little movement
Article Abstract:
The private company price index for the UK in 4th qtr 1994 was 11.4 times earnings, down from 11.5 imes for 3rd qtr 1994 and down by 14% compared with 4th qtr 1993. Historic multiples are falling and profits are recovering, leading to a reduction in the variation between bigger and smaller firms. Business confidence has gradually improved and more finance is available of varying types, which is likely to lead to a rise in the numbers of sales of private firms.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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Multiples down 9% on 1994
Article Abstract:
The price of UK companies is measured in relation to their profit, a measure called the private company index. This has stayed static in the 9 months to May 1995. Profits have improved and shre prices have been depressed which has led to a drop in the FT Non Financials (FTNF) index. Private company deals have fallen in number due in part to weak consumer confidence in the UK. Interest rate rises are also expected and this tends to reduce the number of deals.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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Few clouds on the horizon
Article Abstract:
The strong economy during 1996 in the United Kingdom has resulted in stability in the stock market as well as the Private Company Price Index which is more closely affected by changes in the economic environment. It is predicted that the economy will remain buoyant during 1997 although the general election may have some effect on the stock market which will in turn have repercussions for private companies and may reduce future investment plans.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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