This comes as a bit of a surprise. According to the announcement, Managing Director Gerard Dyson has resigned. Now, we're left to read between the lines as to why—possibly, the board is implying that it's to save cash.

Dyson is a major shareholder and will remain on the board in a non-executive role. Perhaps I missed something (though I don’t believe I did), but for a CEO of a public company to resign without a clear explanation doesn’t seem sufficient to me.

Spectur to acquire 3 Crowns Technologies

When I saw the push notification from COMSEC of a price sensitive announcement for Spectur last night (post market close - Christmas long weekend) I must admit my heart sunk. After reading the announcement though I was pleasantly surprised.

On face value this seems like a good strategic fit. I'll be digesting this more over the long weekend. Disc: held.