Thanks, have had AYS on the watch list for a week or so, but...

Thanks, have had AYS on the watch list for a week or so, but ended up buying more Altium (ALU) yesterday.  Gaurav Sohdi, Intelligent Investor has had this as a recent speculative buy and stated "Bought some (AYS) myself last week.", so putting his money where his mouth is.  Will be interesting to see how this article affects the SP today.

Here is copy of todays article publicly available and accessed through Google search:  'http://www.theaustralian.com.au/ amaysim' cached.




DataRoom
Recently listed telecoms company Amaysim has drafted in boutique investment bank Investec as its defence adviser as it remains at the centre of takeover speculation.
Discussion in the market that the business could be swallowed by a suitor was first flagged in this column in March, and talk continues that the company could be within the sights of Optus.
Optus did not comment and Amaysim said there had been no discussion with the telco.
Investec was the adviser to Amaysim when it was floated last year, while Macquarie Capital and Goldman Sachs were the joint lead managers on the deal.
Amaysim’s shares have recently plummeted and its market value sits at $322m.
It sells SIM cards on the secondary market, providing its customers access to the Optus network.
Sources say the interest from Optus may stem from its desire to ensure the business does not fall into the hands of rival Telstra.
Analysts also say that buying Amaysim could offer further cost control for Optus, which has recently renegotiated its services agreement with Amaysim.
M2 and TPG Telecom have also been discussed as potential suitors, although it is understood that Amaysim is not on M2’s radar.
Amaysim was worth around $340m when it floated but its market value peaked in February when it was worth about $576m before the shares crashed around the time the company delivered its results. With its market value now about $322m it may be vulnerable. A deal could coincide with the stock of one of the company’s major shareholders being released from escrow in the coming months.
The company was co-founded by Rolf Hansen, who remains on the Amaysim board and holds a 4.29 per cent stake.
Other founders include Peter O’Connell, Christian Magel and Andy Perreiter, who also have shares due to be released from escrow in the coming month.