Cirrus Networks - CNW - west aus IT company

[Entrep]

Back up again after that hiccup. What a closing auction yesterday. Today will be interesting also.

[percy]

Back up again after that hiccup. What a closing auction yesterday. Today will be interesting also.

Yes a "speeding ticket" always works.!lol.

[NZSilver]

http://www.asx.com.au/asxpdf/2015120...3g7y1dn977.pdf

How this, bought of VOC, the two directors in Cirrus sold it to AMM for 15mil and just bought it back for 500k. Looks like a bargain to me (without knowing all the details), the two directors will be laughing all the way to the bank!

But from a quick insight this looks like a very tidy acquisition!

[percy]

Don't know what to say.!!
Interesting?
Exciting!
Great stuff.!

[mark100]

http://www.asx.com.au/asxpdf/2015120...3g7y1dn977.pdf

How this, bought of VOC, the two directors in Cirrus sold it to AMM for 15mil and just bought it back for 500k. Looks like a bargain to me (without knowing all the details), the two directors will be laughing all the way to the bank!

But from a quick insight this looks like a very tidy acquisition!

To re-phrase a famous quote

You only get one Amcom in your lifetime, and we've had ours

[NZSilver]

I'm in for another parcel at 4.5c

Here's a good overview

http://www.crn.com.au/News/412637,ci...-of-vocus.aspx

Also huge volume today - 90million shares (nearly a third of shares on issue)

(324,426,485 )

[NZSilver]

hy not that flash - around 1.7mil loss after acquisition/listing costs. will have to see what fy16 brings. SP down to 2.5c

[Fuzzy Dunlop]

CNW announced its first cash-flow positive quarter last week. Unsure as to the extent opening the new Canberra office weighed on the 5.6% operating margin.

[NZSilver]

actually I believe it is the second, last quarter was cash flow +ve from operations. But shhhhhh I want it to stay under the radar