Optima shares suspended

ASX-listed PC assembler says it will announce details about its future direction by Friday

Trading in shares in ASX-listed PC manufacturer, Optima (ASX: OPI) has been suspended pending the release of an announcement about its future.

The latest news comes just days after the company called for a trading halt on shares. It also follows revelations that Melbourne-based distributor, Multimedia Technology (MMT), has launched legal proceedings against Optima's retail arm, Digital City, for failing for pay back several hundred thousand dollars in debt.

In its ASX statement, Optima said the shares suspension would end on July 25 following another announcement regarding its "future direction of Optima Technology Solutions".

"It has taken longer than expected to finalise the direction and we expect an announcement to be made before the opening of trading on Friday morning," the statement read.

Optima's shares were valued at $0.015 when the trading halt was called on July 18.

Sources close to the company told ARN Optima's management team had been trying to avoid closing the business. As previously reported, Optima has been plagued by revenue and profit losses and increasingly tough competition from multinational vendors for federal and state government PC procurement business in recent years.

It is understood Optima's key distribution partners include Ingram Micro and Synnex.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Nadia Cameron
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?