Datatec adds up cash re­turn

Shares - - SMALLER COMPANIES -

IN­VESTORS COULD be in for a huge cash wind­fall from IT so­lu­tions busi­ness Datatec (DTC:AIM).

The com­pany is ex­pected to con­firm a $500m value re­turn when it re­ports half year re­sults on 13 Novem­ber.

That could be worth 180p per share if it was all handed out in cash, al­though a share buy­back plan is ex­pected to also be part of the cap­i­tal re­turn. The shares trade at 325p. (SF)

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