In today’s briefing:
- Strike Energy Yanks Its NBIO For Talon
- Schrole Group Ltd – Another Record Quarter, Closing in on Break Even
Strike Energy Yanks Its NBIO For Talon
- O&G junior Talon Energy (TPD AU) announced it had received a non-binding Offer from Strike Energy (STX AU).
- The all-scrip bid – by way of a Scheme – entailed an implied A$0.20/share in Strike shares plus Talon shareholders retaining their holding in Talon’s Mongolia gas project.
- After Talon said it intended to undertake a process of evaluation of the Proposal before offering due diligence, Strike promptly withdrew its bid.
Schrole Group Ltd – Another Record Quarter, Closing in on Break Even
- Schrole Group Ltd (ASX:SCL) is an Australian software company focused on providing human resource technology solutions to the international education and training sector.
- Schrole has developed a suite of five HR Software-as-a-Service (SaaS) offerings including the core product, Schrole Connect, a SaaS-based staff recruitment platform.
- Schrole Group has reported a 24% increase in quarter-on-quarter cash receipts to $1.32m and a narrowed operating cash loss of $0.20m, a 39% reduction when compared with the same quarter a year ago. Schrole Group ended the quarter with cash of $1.36m and no debt.
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