Good find.
Big question is when that was written, i.e. recently or before ACE Telcom.
The whole text on that page is good:
TRICELL ‘s strategic objectives given the potential volatility of trading and the increasingly uncertain regulatory environment (the implications of the UK recent Budget announcement on the recovery of VAT on mobile phone trading are still not clear) are:
* To diversify its product range - building on its leading position in the wholesale sale and distribution market of handsets: initially by expanding its range of products to cover the full range of mobile accessories from hands free kits, cameras to mobile phone kits, headsets, ring tones, batteries etc. and expanding its range of wholesale customers geographically
* To use its new status as a publicly quoted company to acquire, where opportunities arise at the right price, portfolios of retail outlets from existing retailers to provide the wholesale business with an “in-house” distribution channel to the end user
* To broaden the product range into the provision of telecoms services initially based on purchasing and selling airtime in the wholesale market.
* To acquire market share through acquisitions of competitors in the wholesale market
* To increase its net pre-tax margin from 1.4% to 1.75% by mixture of improved product mix and the benefits of removing the central cost bases of the company acquisitions
The first three acquisitions (two in the UK and one in Eire) have been identified, and negotiations to acquire the businesses are in the final stages of completion. Total annual revenues being acquired are in excess of £300 million sterling. The consideration will be a mixture of cash, loan notes and a limited issue of ordinary shares. The objective being to drive the earnings per share of Tricell Inc.
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