Remember this is just my thoughts.ACM is a large organistation...

Remember this is just my thoughts.

ACM is a large organistation and predominately sells to the AMA collision side of the business rather than to repairers outside the organisation.

You can see this in the average daily sales numbers being in the area up to 50% of daily sales. This year it is over 50%.

The avg daily sales to external is rising but not hugely. I would prefer to see sales by quarter not by average daily sales.

If you were an independant say like an IGA would you want Woolworths supplying you goods? Not really so there would be a lot of repairers who would rather support one of the other companies like Auto Parts Group where the margin would be similar.

You have to ask would you get better deals if AMA bought from Auto Parts Group and not have the head ache of having a separate division like ACM? Bit hard to squeeze yourself than another supplier.

ACM could be better owned by someone like Auto Parts Group or someone similar but maybe they want to have control.