Link Administration is in the middle of a game changing transformation that could deliver shareholders at least $400 million in additional value. But it could also mean the appointment of a new CEO.
Takeover target Link Administration managed to squeeze out a $50 million increase in its market capitalisation to $2.6 billion on the back of a profit upgrade that looked a bit flaky.
After dropping about $400 million in market cap in the first week of this month, Link's new chief executive, Vivek Bhatia, had to come up with something positive to kick off 2021.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
