My take on this latest acquisition is that it further grows the business base for CI1. To what extent, unsure, as the integrity of the 20,000 customer base is key. There is not much detail provided here, but given the period and process of due diligence, this may not be an issue. I am sure the merits and detail of this deal, if successful, will be announced in the future.
My biggest problem with Jimmy and the whole state of play is that there are "out-of-control" share dumpers who seem to have an endless supply. Jimmy and the board need to cover this wholesale dump-a-thon with good council or an arranged off market share purchase by someone who wants a large parcel (% of the company)
The $4.00 buy price in the proposed deal is also strange. This needs to be justified IMO and hopefully by a significant SP lift between now and then. Hoping.
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