WHAT is low-profile fund manager and husband of high-profile Olympic champions wimmer up to in relation to kitchen-equipment leasing company Silver Chef?
City Beat readers might recall that a private equity consortium led by Next Capital ispoised to buy out the company, offering shareholders 70¢ a share.
Silver Chef, whose shares were trading above $8 about 18 months ago, has been fightingfor survival after breaching debt covenants.
Luke Trickett, a former champion swimmer himself who runs a fund called the BlueStamp Co, has been busy buying up shares in Silver Chef, amassing a 12.39 per cent stake as of this week. Interestingly some of the on market purchases have been for as high as71¢, above what Next is offering as part of the buyout offer.
City Beat spies are now wondering whether Trickett (illustrated) is planning a counterbid and if so what is the value in Silver Chef that others obviously don’t see?After retiring from doing laps in the pool, Trickett had a brief career as a stockbroker atWilson HTM before founding Blue Stamp in 2010. Shareholders are set to vote on the privatisation scheme in late August.
Libby,
Maybe more of the article in courier mail. It's just speculation, but some minor insights.
