lankie
29 Mar 2015
Prospects This is a very interesting opportunity.The company is backed by and elite group of institutional shareholders including Neil Woodford - they know what they are doing . The company is led by Avril Palmer Baunack who is also the chairman of Redde (Helphire) was CEO of Autologic and Universal Salvage (auction business) and briefly chairman of Sobart (logistics) - hugely relevant experience re the recent acquisition of British Car Auctions which also encompasses the on line car dealer - we buy any car .com.Look at the turnaround of Redde - cash generative, progressive dividend payments, solid growth and targeted acquisitions. Also very careful about managing expectations - under promising and over delivering.
