Numerica loss will not affect bids

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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