D&D are struggling as it is. Its a pure aggregation play, use debt to keep buying and selling the growth story. It needs to do ever bigger deals. They would have done well with the LNK deal as they would have gone in and ripped PEXA out to pay their debts. Then they would be left with the other business units which are plugging along. Personally them playing hard ball is just leaving a bad taste. They have got their deal negotiating downwards now its time to either take the risk or walk. And walk they seem to have. I doubt they will be able to do such a chunky deal anytime soon with their share price where it currently is. So for them its probably time to focus on all their acquisitions and get them firing properly.
LNK Price at posting:
$3.47 Sentiment: Hold Disclosure: Held