2CC - 2 Cheap Cars Group

[Plata]

On the 28th Sept David can buy on market. I think he will creep his up over the next year or so and then make a final play. I doubt he treats it lightly the prospect of going from a net cash 2CC to a heavily indebted 2CC post takeover, whilst it seems he could potentially get the offer closer to $1 it seems alot lower risk for him to delay. I wonder if minorities will secure a better outcome by becoming a related party block via shareholders agreements or something similar.

[Basil]

On the 28th Sept David can buy on market. I think he will creep his up over the next year or so and then make a final play. I doubt he treats it lightly the prospect of going from a net cash 2CC to a heavily indebted 2CC post takeover, whilst it seems he could potentially get the offer closer to $1 it seems alot lower risk for him to delay. I wonder if minorities will secure a better outcome by becoming a related party block via shareholders agreements or something similar.

Earnings for FY26 could be a LOT higher than FY25, (first half profit seems on track to roughly triple the same period last year), and it could be a LOT more expensive to takeover the company later on.  I'd argue he's better to try and negotiate a mutually satisfactory deal with significant minority shareholders now, get them into a lock-up agreement and see if he can get this over the 90% line with the other shareholders but he probably thinks he knows better so time will tell how this plays out..    What's clear is very few people so far, (incredibly low acceptances to date), think the 80 cents offer is fair and reasonable.