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I wish someone would buy the Arrium brand so I can get it off my...

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zubric

3,183 Posts.

461

02/04/19

10:56

Post #: 37961449
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Originally posted by Nathan321: ↑

Woolworths has sold the Dick Smith electronics brand and its 325 stores to a private equity group for $20 million.Buyer is Anchorage Capital Partners. Bought in 2012 for $20 million from Woolworth.
2013 Anchorage Capital Partners floated ( listed in ASX ) for $ 520 million. ( they made $ 500 million just by dressing up the accounts)
2016 Dicksmith collapses and receivers appointed .

Kogan after 2016 just bought the dick smith brand name possibly for couple of dollars.

read below

https://www.smartcompany.com.au/finance/the-timeline-of-dick-smith-from-a-home-garage-business-to-million-float-and-now-voluntary-administration/

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I wish someone would buy the Arrium brand so I can get it off my holding statement and move on and not be reminded every day of my bad investment . I think .50 cents would be a fair price. But Korda Mentha would probably charge us .40 cents to organise the deal.

ARI Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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