The Transfield name hasn't expired as such, it has just been withdrawn by the Transfield Holdings owners who originally owned Transfield Services before it was floated on the sharemarket due to the bad publicity around the detention centre contract and it is a profitable contract for all intents and purposes of a govt contract for maintenance.
Broadspectrum was purchased by Transfield Services a considerable time ago and has been operating under the TSL banner since that time. IMO it does make sense to use an existing name they already own, i think it will reduce their costs in logo branding and name registration etc. (assuming that they are maintaining the same logo as currently used)
Other than just a name change i would really like to see the share price recover to levels more sustainable ($3-$4 mark somewhere but the shorters need to disappear\stop shorting the hell out of it) and not be a bargain for overseas predators looking for a large company in order to enter the Australian construction and maintenance market which TSL has all of that experience.
I am surprised Ferovial has not been back to bid for a takeover again considering the AU$ has dropped 20%+ since the last offer and still cost the same or a tad more in Euro and translate to a considerable higher AU$ offer for takeover to appease the board and shareholders, if they offered around AU$3.50 a share as an example imo, this would equate to just over $1.23Bil Euro by rough calcs in exchange rates as off today, not a massive increase on their last Euro equivalent offer i believe.
TSE Price at posting:
$1.11 Sentiment: Hold Disclosure: Held
