Their strategy has been to take a small share in a upcoming player & then wait for a windfall. Dart just rec'vd an offer.
Not many companies can boast of $1083mil in the bank.
Post Saraji sale, they've specifically picked upcoming CSG players & made a lot of cash.
They were in Arrow, they r into Westside & they just recv'd an offer for Dart (19c for their 16.3% or 180.73mil shares or A$211mil by IGAS & Rob will b the Chairman of the new entity).
U have gotta hand it to Rob Neale for being first on the bus, although I still think their NEC acq was a total waste.
For now I don't see NHC buying the remaining 82.4% shares in WCL, that would simply mean pay off LB's 19.99% to achieve 100% holdings in WCL.
IMO, they'll hang in for a higher offer. Volume has dried up which prolly means the standoff has begun.
Their strategy has been to take a small share in a upcoming...
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