Time dotCom needs more TIME?
After 2 days of suspension and an announcement, Time dotCom (TdC) slides 18% to RM0.63 today. In conjunction with that, TIME - the mother of TdC - also join-in to close down 16% to RM0.435. Actually, what is so bad about the announcement? Prior to the outcome, both counters jump up in anticipating of good news. Anyway, it looks like investors are jumping blindly before this. The announcement by TdC:- Buy Global Transit Communications (GTC) for RM 106 million, the wholesale Internet service and back haul provider Buy Global Transit Ltd (GTL) for RM 105 million, which owns 10% of trans-Pacific submarine cable Buy AIMS Group for RM 128 million, owner of network-neutral data centers in the region Capital repayment of 2 sens-a-share To finance the acquisitions, TdC will pay RM90.9mil cash and the rest in new shares . The deal was expected to enhance TdC's earnings straight away, transforming TdC into a regional telco player, and over-taking other competitors. Why still falls after ...