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
$1.15 |
Change
-0.008(0.65%) |
Mkt cap ! $1.471B |
Open | High | Low | Value | Volume |
$1.17 | $1.17 | $1.13 | $6.945M | 6.033M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 117537 | $1.15 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.16 | 145448 | 25 |
View Market Depth
No. | Vol. | Price($) |
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27 | 168056 | 1.145 |
36 | 283230 | 1.140 |
21 | 343535 | 1.135 |
24 | 297163 | 1.130 |
14 | 530185 | 1.125 |
Price($) | Vol. | No. |
---|---|---|
1.150 | 62787 | 21 |
1.155 | 285597 | 31 |
1.160 | 375330 | 24 |
1.165 | 228217 | 15 |
1.170 | 82179 | 6 |
Last trade - 12.29pm 06/09/2024 (20 minute delay) ? |
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