PracticeAccounting FirmsNumerica loss will not affect bids

Numerica loss will not affect bids

City analysts have said that the £300,000 interim loss posted by Numerica last week will not affect the takeover bid that is currently on the table for the consolidator. Numerica, whose share price rose this week, has been in discussions with Robson Rhodes, after BDO Stoy Hayward pulled out of talks a fortnight ago.

Link: BDO leaves Numerica scrambling for a new buyer

This week Andrew Shepherd-Barron, analyst at KBC Peel Hunt, said the results would not put off a buyer as they were in line with the profits warning the company issued in September. ‘Numerica’s acquisition-led growth model can work but it may need to be flexed,’ he said.

Robson Rhodes has declined to comment on the talks, but in a statement to the stock exchange, Numerica confirmed that discussions with a potential buyer were still on going.

Chief executive Tony Sarin said: ‘We are taking the necessary steps to ensure that the impact of the current challenging trading environment on the performance of the business is minimised, and I believe we are well positioned to take advantage of any upturn in the market for professional services.’

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