SNX unknown

Beaten down tech opportunities

  1. 11,545 Posts.
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    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.
    ENDS

 
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