Article in today's AFR mentions Baxter ( PIPE ) who is on the board of VOCUS is considering a punt( bad choice of word ) on Big Air. Understood preliminary discussions are underway. Vocus recently requested sharholder approval for a 2nd cap raising in 12 months. EGM for approval is on 23rd June. 15% x market cap of $135M = $20M. They have $5M cash leftover from the last I think. On 2012 earnings Big Air is at 30 - 35 cps value i.e $45M to $52M. Suggest half cash / half script offer will be made, maybe some debt, although these telco companies don't seem to take on debt ? Jason Ashton then gets a seat on the board with his good friends at VOCUS + a stash of cash...back office functions combined and VOC have compelling network solutions. My two largest shareholdings are BGL and VOC of the 3 holdings I have. Will report back after Micro Equities conference next Tues where Jason and James will both be presenting - I'll try corner them before Carlos from MicroEquities does although Carlos is a white pointer and I'm just plankton in the whole scheme of things
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Last
$1.33 |
Change
-0.070(5.00%) |
Mkt cap ! $1.565B |
Open | High | Low | Value | Volume |
$1.38 | $1.39 | $1.31 | $30.28M | 22.74M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $1.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.330 |
3 | 69759 | 1.325 |
12 | 153074 | 1.320 |
11 | 273361 | 1.315 |
21 | 215118 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.335 | 300000 | 1 |
1.340 | 116938 | 2 |
1.345 | 56938 | 1 |
1.350 | 71387 | 4 |
1.355 | 64938 | 2 |
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