Quote:
Originally Posted by Tourer
Archer is closing down over a 5 year period and intend to maximise returns from its current holdings (including Supercar) over that period.
Hardly "gone" but going at some time in the next 5 years.
As GTR says, we shall see what that all means in due course but I can't imagine anything will happen all that quickly, unless of course the parties that were reportedly considering purchase last year reactive their interest in the short term.
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I had some dealings with the Red Rooster group in the last year or so, and they were positioning their business to be attractive to a different parent.
Supercar has many more pieces in the puzzle than that business, however the sale timeline will still assure a proper process to search for their new parent... to maximise the financial income, and potentially to manage an earn out arrangement likely to be in place.
An investment of $2m or so would produce a financial prospectus capable of being listed on the ASX... so that shouldnt be discounted as a possibility.
Perhaps Mr Miles can effect a sale to another partner, as he did to Archer all those years ago