PE firms trawl depths for value
The latest company to be stalked is tiddler Neptune Marine, capitalised at about $106 million and trading on a forward price-to-earnings ratio of 9.23 times, dropping to just over seven times in the following year.
The private equiteers are leaving nary a stone unturned in the search for value, and the oil and gas services sector is proving to be a rich hunting ground.
The latest to be stalked is tiddler Neptune Marine , capitalised at about $106 million and trading on a forward price-earnings multiple of 9.23 times, dropping to just over 7 times in the following year.
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