iSoft mulls rights issue after Accenture exit
Analysts argue Accentures dispute with iSoft over delays to the scheme was thwarting the Manchester-based company from initiating an issue.
Robin Speakman, an analyst at Shore Capital, says: This means the dispute is out of the way and paves the way for a rights issue. If iSoft wants to stay as a listed company, it will have to do this.
Speakman forecasts iSofts net debt will surge to £129m by April 2007, an increase of more than £80m from April this year.
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