RNS today give credence to leak27 Apr 2016 10:28
last night:
Research
Opinion: Strong Buy
Price: 3.625
View Thread (2)Takeover Vodafone, UKFastToday 05:30http://www.channelweb.co.uk/crn-uk/news/2455899/analysts-pessimistic-as-outsourcery-puts-out-begging-bowl
"Ultimately, despite the fact that Outsourcery says that it expects a solution to be found, it feels like its days are numbered in its current form, with a sale - to Vodafone or UKFast? - one possible solution."
UKFast was not immediately available to comment on the suggestion.
In a statement sent to CRN, Vodafone said: "We note the actions of the Outsourcery board and will be looking at all the options available, our priority being the continuity of service to our clients."
Outsourcery (OUT) sale to Vodafone, UKFast?
26 Apr 2016 21:58:58
http://world.einnews.com/article_detail/323392255?lcode=ifL9-aar_tDjZgAUe9FHcu_txiJohMmtY3PNqfvgQpE%3D
Outsourcery says that it expects a solution to be found, it feels like its days are numbered in its current form, with a sale (to Vodafone, UKFast?) one possible solution,” said Philip Carse, Megabuyte partner and principal analyst.
Outsourcery's share price fell today by more than 35 per cent to 6.50 pence. The firm floated in 2013 and peaked at 130 pence in May that year.
Last September, Lawrence Jones, owner of internet hosting provider UKFast, invested more than £1m in taking a 10.5% stake in the loss-making firm. In July, Outsourcery agreed a £4m term loan with Vodafone for the 48 months ending June 2019, with an attached warrant over 3m new ordinary shares at 30p per share.