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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