The Oracle bid for ACX has directed a stronger spotlight onto the Aussie tech space, knowing that anything web/cloud oriented can establish a global footprint and can be devoured by any number of global predators. Not like mining companies that the FIRB tends to protect.
Should give a little kick along to most in this sector that are ridiculously under valued by NASDAQ standards.
Check out the substantial holder notice lodged this afternoon on MP1. Place that on the watch list IMHO.
BTH Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held