I can’t view the full article because I haven’t subscribed to the Australian, but title is ‘Prospective buyers eye off embattled bravura’. Article was posted at 7pm Sunday 6th November.
The article then goes on to say, ‘Beaten-down software solutions provider could be purchased by Insignia Financial, if it is not snapped up by a private equity firm or fellow technology company such as FNZ first, say sources’. Not sure if there is more in the article as the pay wall stops me from reading further. End of The Australian article.
There were rumours SS&C may have been looking at Bravura a month ago when their executives made the trip out to Australia potentially involving some M&A activity.
As I said in one of my earlier comments, Ironbridge Capital paid 272 million for Bravura back in 2008 I believe. I honestly hope someone comes along and grabs this bargain while it’s here, while hopefully giving us shareholders more than $1 a share for our miseries at this stage. I also can’t believe I am saying I’d be grateful to sell below $2 - but here we are.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)