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New Tel - Buying and strong support

  1. Mycontacts

    1,646 Posts.

    I have just received my Notice of Meeting about the DigiPlus acquisition and the deal seems great. It will add around $18m per year to New Tels profit. Even at only 10 times PE thats $180m. Currently only 280m shares. An additional 110m expected for capital raising and issue of shares to DigiPlus vendors. Lets say 400m, that still equates to a 45c share price. Discount it in half still 22.5c. Still 50% gain from current price. Also with a US banker / Broker promoting them it should be a nice run from here.

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