Vislink has just put out an announcement on RNS that it has conditionally agreed to sell the assets of Vislink Communication Systems, the Company's hardware division for $16m. The sale is expected to complete by the end of the year, subject to shareholder approval and if it does will, according to the Company leave it substantially debt free and focussed on executing its software transition strategy with Pebble Beach Systems.

I previously held Vislink until the debacle with the rightly maligned management incentive scheme. Without trawling through previous results my recollection is that Pebble Beach Systems was the jewel in the crown and that the hardware side of the business generally struggled to make any meaningful contribution to earnings. This therefore looks a very good deal given Vislink's parlous financial position and I am tempted to buy a small holding, however the track record of the existing management doesn't inspire confidence.

I would welcome the thoughts of the Stockopedia community on the above, particularly on the prospects for Vislink if the deal goes through, assuming of course that any potential opportunities are not wasted by inept management.

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