View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 26, 1987

CAMBRIDGE INSTRUMENTS HEADS FOR FULL LIST WITH UKP127m PRICE TAG

By CBR Staff Writer

Cambridge Instruments Plc has set a 130 pence price on its offer for sale for the Full List of the London Stock Exchange, valuing the manufacturer of semiconductor capital equipment, scanning electron microscopes, optical equipment and host of other esoteric products, at UKP127m. The company expects to report profits for the year to the end of this month of UKP7.5m, putting the shares on a fairly modest actual price-earnings ratio of 14.8, 19.2 on a notional 35% tax rate. The company is offering 36.3m shares, 37% of the equity, through Kleinwort Benson, and the UKP47m or so raised will go to redeeming the preference shares, reducing already modest debt, and for working capital. The prospectus is published in the Financial Times today.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU