On face value looks like a smart little acquisition, however I do not like that they used the announcement to do a "pseudo" call down as part of it .
Also seems a little vague !
Excluding the AxSym acquisition, the financial year has started slower than the previous year, with delays experienced with several larger clients. This is primarily a timing issue, and the Company still expects revenue for the full year to be marginally higher than the previous year
I assume this statement is excluding AxSym ? or is in inclusive if it is inclusive that is very bad news.
(FYI I have sold my shares was a holder but no longer)
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- Ann: Acquisition of AxSym Technology and Outlook Update
Ann: Acquisition of AxSym Technology and Outlook Update, page-2
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