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
Article in today's AFR mentions Baxter ( PIPE ) who is on the...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.96 |
Change
-0.005(0.25%) |
Mkt cap ! $2.307B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.99 | $1.94 | $6.334M | 3.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10496 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 27902 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |