Expired is the new kid on the block that is showing potential for a upswing and could possibly get some earnings upgrade in the future reporting seasons. The other two tech and internet related stocks “AMCOM” and “IINET” have already been featured on our blog.
Perth-based Empired will add 54 staff to its roster of more than 275 employees serving customers in the corporate, resources and government markets. Empired due to its acquisition has potential to increase its earnings just like amcom and iinet. ASX-listed Empired Limited has acquired Western Australian firm Conducive for $7.95 million, in a move that will enable it to provide a broader range of IT services to companies in the energy and natural resources sectors.
Tech sector – Expired Ltd acquisition
Empired (ASX: EPD) Todays price 0.260
The first cash payment will be about $3.2 million due on contract completion, expected by the end of August, followed by two other milestone payments of about $1.7 million and about $1.9 million will be due July 31, 2013 and July 31, 2014 respectively.
Tue, 30 Oct 2007 11:30am
According to Conducive managing director, Branden Dekenah, the transaction will offer great value for all its key stakeholders.
Both AMCOM And IINet ( WA STOCKS) have delivered good results this reporting season
For Perth based Amcom, Growth came from a $40 million increase in revenue from business services to $60.1 million following the acquisition of cloud-computing service L7. Telco Amcom has announced a 56 per cent increase in annual revenue to $136 million and a 10 per cent increase in post-tax profit to $16.8 million. Amcom chief executive Clive Stein said fiscal 2012 had been a “defining year in Amcom’s ongoing evolution.
Amcom Telecommunications Ltd (AMM)
at 23 August 2012 04:12 PM
ISP IINET delivered a record full-year net profit of $37.1 million, driven by better than expected progress on the integration of TransACT and Internode.iiNet founder and chief executive Michael Malone has called for an acceleration in the rollout of the national broadband network (NBN) and dismissed political risks surrounding the $37.4 billion project.
Internet service provider (ISP) iiNet said it has delivered its best financial result ever, with an 11 per cent rise in full-year profit. Net profit for the year to 30 June was AU$37.1 million, up from the AU$33.3 million in the previous year.