Adapt IT’s latest results — the software firm grew interim headline earnings by 44% and slashed debt — weren’t enough to arouse much enthusiasm from market punters. The company is in the throes of evaluating an unsolicited bid from fellow small cap Huge Group, and has urged shareholders to wait for the findings of an independent board on the merits of the offer. We spoke to Adapt IT CEO Sbu Shabalala.
One argument Huge CEO James Herbst made was that without scale, you will never get the rating some of your offshore peers enjoy, which has implications for your growth prospects down the line. Do you agree?..
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