The company has made a big acquisition and is in the process of consolidating that and rolling out DSLAM. The acquisition was funded through a scrip issue at 3.05, well above current trading prices. The fall suggests to me more than just a market move. That is, unless the entire east coast rollout has been poorly done and the general sentiment is that of a poor ISP. IIN have performed very well in WA for a number of years and unless something goes very wrong, the company’s service and management history bodes well for long term growth. The weakness in price is a little disconcerting.
IIN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held