Friday 9 October 2020

An acquisition

After multiple IPO attempts and countless rumours about acquirers, we have been sold. The initial sentiment has been a mix of speculation and disappointment. Let's start with the disappointment, the acquisition price seems to have left a few shareholders slightly disappointed, I say this as it places a value per share well below the lofty highs of yesteryear. For me, this is less of an issue, my equity stake is so minimal that the return for myself is not going to be of any material difference. 

Speculation is the main sentiment running through the organisation. What is the intention of the parent company? What will the effect on the existing business lines and personnel? What does this mean for our push for market share?

We will have a clearer picture in early 2021, starting with headcount and renumeration talks.


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