The market is full of talk of Takeovers and acquisitions. In...

The market is full of talk of Takeovers and acquisitions. In this context it is useful to watch the fortunes of

• Provenco,
• Cadmus,
• Intellect Holdings
• and ERG.

The common denominator is Duncan Saville.
He has just taken a 5.2% interest in Provenco, listed technology company in NZ (http://www.provenco.com/) ,specialising in Eftpos and Barcoding.

Cadmus Business Description


Cadmus Technology Ltd. The Group's principal activities are the development, manufacture and sale of electronic fund transfer at the point of sale (EFTPOS) payment systems and terminals.


HOLDINGS LIMITED (IHG)
Electronic product development and distribution. The economic entity has established significant local and international markets for unique products that ensure the confidential and safe transfer of money and financial information between consumers, retai

These last two companies have merged their interests. Duncan Saville through Ingot Sercurities owned 19% of IHG as of 2/2/2005.

ERG. Duncan Saville controls over 50%


So I feel that a merger of these technology companies is in the wings and mabe a reason why ERG has run up in the last few weeks.

There is a fortune to be made in the payments industry surrounding AFC....and

the merged company would bid for the Australia smart card

There was no news on Progress at the various installations