The market loves particularly cashed up e-commerce companies (TVL, ASC) starting to make profits.
SNX at these levels is dirt cheap and the market actually hates it. But when it turns a profit next year?
Sydney - Monday - June 3: (RWE) - Securenet Ltd has completed
its $5.7 million purchase of the Australian and New Zealand operations
and assets of e-security company Baltimore Technologies.
The acquisition gives Securenet exclusive distribution rights
for Baltimore products in Australia and New Zealand for the next 12
years.
It also grants SecureNet non-exclusive rights to distribute
Baltimore products throughout the rest of Asia as a Baltimore
TrustedWorld partner.
Securenet managing director Mr Geoffrey Ross said the
transaction would make a positive contribution to the company's profit
next year.
Shares in Securenet last traded at 85c.
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