- Mkt Price: EUR 0.635
- Mkt Cap: EUR 244.2 mio
- P/E: 3.9 (well, sorta…based on 2011 Cont Adj EPS)
- P/S: 0.19
- Div Yield: 8.5%
Continued from here… Before we look at Uniq, there’s two other acquisitions to tackle: First is the abortive (recommended) merger with Northern Foods. I was shocked when this was announced in Nov-2010. What the hell were they doing? Despite the management guff, clearly they already had enough on their plate. At least it was a nil premium merger, and promised GBP 40 mio of annual savings within 3 years. On that basis, things might not necessarily get any worse after the merger, and just might get better..! The market certainly shared this conclusion, with GNC’s share price actually rallying sharply.