Noticed the crossing as well Evo1, the stock has been in the doldums for quite a while, and seems to have bottomed out. If the announced negotiations with Auschoice actually go ahead, the company will be re-rated significantly into a fully fledged financial services company rather than the struggling financial services company it is currently.
Auschoice are a company that has over $1.5billion funds under management and going by the profit figures on the moneymanagement website, makes approximately $4-5million profit growing at roughly 6-7% annually.
The deal must be super complicated as it seems to be taking forever to get it done, but as they say, good things come to those that wait.
DKN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
