AFR is speculating that Workpac (labour high co) might be getting ready to IPO in the next couple of years. A simple way to do it would be to buy out Shrimptom and effectively backdoor the Workpac business into Ashley's listing. Workpac with $1.4bn revenue and $100m in gross profit is certainly big enough to take it on. Only question is when would Shrimpton sell? At 71 years of age and no sign his son is going to step up it must be getting close?
Ann: Full Year 2021 Results, page-15
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