Lubda - if TEE was privately owned - then the divestment would be a sensational idea.... however - part of the plan for any listed plc is to grow. Beam is a geat little money generator - its a mature company, stable, and would be a great additional to any telco provider. BUT it's just not big enough and doesn't have the revenue stream diversity to warrant a listing on the ASX.
If all goes to plan the company stands to generate a 1 million dollar profit. Take 30% Corporation tax (not sure if the divested part of the group will take all losses carried forward) and you're left with 700k give or take a bit. The MD's salary is half of their total profit (can't say that for Maq Bank huh?). How can this business possibly grow if it generates a 700k profit? It's a mature company - not a start-up...its revenue streams have matured, its like digging for oil when there's nothing left. I'd almost suggest taking the networking division back to give any chance of faster growth.
FYI - my intention isn't to change anyone's mind - I'd just like someone to correct me if I'm wrong.
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Change
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Mkt cap ! $9.138M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 35000 | 10.0¢ |
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Price($) | Vol. | No. |
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10.5¢ | 32833 | 2 |
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No. | Vol. | Price($) |
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1 | 35000 | 0.100 |
1 | 19589 | 0.099 |
2 | 55103 | 0.098 |
2 | 70944 | 0.097 |
1 | 105000 | 0.096 |
Price($) | Vol. | No. |
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0.105 | 32833 | 2 |
0.110 | 81101 | 3 |
0.120 | 33333 | 1 |
0.130 | 4000 | 1 |
0.150 | 10000 | 1 |
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