Datatec adds up cash re­turn


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)

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.