firsova, INQ might have to sell this agreement better....

firsova, INQ might have to sell this agreement better. Initially, it is a non-binding heads of agreement, so it is just on paper, right now. There was a rise when the ANN came out, but the share price has fallen back. WIG's share price rose on the ANN, and has not fallen back, so maybe the market thinks there is an advantage to WIG, but not to INQ.

We know WIG has had a large number of brokers poached from it- so common in the broking industry- so it certainly needs renewal in those numbers.

I am guessing that the cash stay with INQ in its entirety? It will just be a tech company now, working in alliance with WIG. There is no premium from this deal, though. Hard to work out what it all means. I do think, though, that the brokers and tech people from INQ needed to be separated. This will ensure that happens. Glad to see the techies enjoy free reign with their product! Maybe if the FUM business INQ gets from WIG is successful, INQ can start paying dividends- that would ensure some stability of share price, I think.