DFT datafast telecommunications limited

After doing some extensive research on these two companies it...

  1. 164 Posts.
    After doing some extensive research on these two companies it does seem that both listed entities are about to announce either a joint venture or infact a takeover .

    The scenario would possibly be a takeover by Chariot of DFT, as this would give them a totally national footprint in the ISP business and propel them into the top 5 providers.
    This objective has been clearly stated in thier recently released Annual Report to which it re-iterates a need to acquire a larger ISP.They are certainly more liquid than DFT and would have the borrowing capabilities to fund such a venture.

    The fact now remains as to whether this process will be beneficial for DFT shareholders as could a share price diluted by the 1+ Billion shares on issue, be a stumbling block?
    I could not imagine an offer of more that 2 cents a share whereby, it could become a more viable propositon for Chariot to merge and take a controlling interest.

    Today should see some announcement.

    Do your own research!
 
watchlist Created with Sketch. Add DFT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.