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)