I agree with your thoughts. To be clear, if the Maxsec company...

I agree with your thoughts. To be clear, if the Maxsec company was that wonderful, we would have previously seen a takeover offer from an overseas player. That has not happened.

The Ava business has certainly put new life into Maxsec, but it's not out of the woods. The Ava business still needs to demonstrate it is capable of profitable growth. To achieve that, Ava needs greater marketplace credentials. History has shown that large clients prefer large suppliers, to mitigate risk. Its the old IBM syndrome. The strength created by an FFT/Maxsec merger will result in a more credible Ava business, and help Ava to achieve its goal of operating at the higher end of their marketplace. That fact, together with the numerous commercial savings that will be realised by a merger, is why the Maxsec directors believe that a merger is the best thing for the shareholders in the absence of another offer.