ASH 2.00% 25.5¢ ashley services group limited

Ann: Board changes, operations update and strategic review, page-89

  1. 1,166 Posts.
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    The Shrimpton family could use the $41m they got from listing the company to buy back the company at $0.60/share (mkt cap. $90m) having to shell out only c$36m (40% of $90m) and still pocket $5m (not including the $12m in cash within the company)

    In addition to the original business, they also get Integracom (acquired for $31m) for free...

    Will they do it?????

    DYOR
 
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