At face value the deal to bring Austco and Sedco together makes sense. Certainly reduces compitition and gives AZV/Austo access to more sites and thus greater market share. It would have been nice to be told what $Value increase in turnover can be expected from it though.
Interesting to that the volume of shares traded over the past few weeks just prior to the acquisition announcement spiked to more than what has been traded for the whole year so far???
JazzMan
AZV Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
