Shares in mobile & energy provider Amaysim get a boost on takeover rumours

Telecommunications company amaysim (ASX:AYS) may be in the sights of a larger player.

The company, which provides plans for both mobile phones and energy (electricity & gas), released a statement to the ASX this morning addressing “media speculation”.

It followed a report in the AFR that energy heavyweight Origin (ASX:ORG) was in advanced stages of due diligence, in lieu of a potential bid.

amaysim’s statement didn’t do much to quell the speculation, with the company taking a-no comment approach to any prospective offers in the works.

However, AYS did confirm that it had recently engaged banking firm Luminis Partners to explore ways of unlocking shareholder value “including in respect of the energy business”.

Shares in AYS subsequently climbed more than 15 per cent in morning trade to 37 cents. However, the stock is still well off its 12-month highs above 80 cents reached last July.

In other ASX tech news today:

Tech recruitment company Livehire (ASX:LVH) continued a recent run of deal flow, announcing product integrations with four additional partners and a new client win, the Australian division of US-headquartered IT company Rizing.

A SAP software consulting firm, Livehire said Rizing is also “one of the largest owners and managers of commercial real estate” in Australia. Commercial terms of the deal weren’t disclosed.

And shares in payments company Change Financial (ASX:CCA) rose more than 10 per cent, after the company announced it had met the relevant conditions for the Central Bank of Kansas City (CBKC) to complete its cornerstone $5m investment, first announced in early April.

To complete the deal, Change will issue 8.33m shares to CBKC priced at 5 cents each.