Cleverly worded response by AHG - they do not deny the facts of the AFR report, viz.
"Investment bank UBS is working closely with the $1.3 billion Automotive Holdings Group on a potential divestment of the under-performing refrigerated storage and logistics business which has been a drag on AHG's broader operations"
Operative words being "potential divestment"
To my mind it is going to happen and when it does there is huge upside to the AHG sp. They would become directly comparable to APE, which trades on a pe of 20.3x - compared to AHG's current 13.5x.
If AHG were to trade at the APE pe then the sp would be around $6.00 - a 50% upside
