takeover target, page-2

Sorry the net asset backing is 4.6c per share, not 5.5c.
(The net assets of the economic entity were $11.046m at 30
June 2010, 242 million shares on issue)

It's a potential takeover target by TPG,Yes Optus,or Telstra. Because the value of EFT's market share(existing retail customers, government customers) is worth much more than $11.046m. Since this year, EFT start to make profits at low level, companies, (especially like TPG) are expanding very fast, they can do much better. To takeover EFT is a shortcut to expand their market share.

It's just a matter of time for a 5c takeover or even 10c!

Following is background info of EFT.


Eftel Ltd (ASX: EFT) Eftel Ltd is a multiple award winning
Internet and telecommunications provider. Through
ownership and partnership it operates the BroadbandNext
network, one of Australias largest broadband footprints.
Eftel has offices in Perth and Melbourne and operates a stateof-
the-art Business Processing Centre located at Cyberjaya in
the heart of Kuala Lumpurs Multimedia Super Corridor.
Eftel operates wholesale, retail and corporate divisions that utilise these resources.
Eftel Corporate is among Australias most reliable ISPs,
offering solutions to business and government clients
throughout Australia. It is a preferred supplier to the Victorian Government.
Eftel Retail is a Top 10 Internet Service Provider offering a full suite of consumer Internet products. Its dedicated broadband service aaNet is one of Australias most popular ADSL/ADSL2+
providers.
Eftel Wholesale services a quarter of Australias ISPs with a range of services including IP, co-location, dialup ports and DSL Broadband.