View Full Version : Looks like Masters has a White Knight
Twisted Tenon
11th March 2016, 07:48 AM
Things are on the move (http://www.smh.com.au/business/retail/anchorage-hatches-plan-for-new-force-in-hardware-20160310-gnfbx9.html)
TT
Jeffen
11th March 2016, 08:10 AM
Given what they did to Dick Smith, I think Grim Reaper is more appropriate than White Knight!
ian
11th March 2016, 11:42 AM
maybe not the Grim Reaper, but certainly not a white knight
Christos
11th March 2016, 12:50 PM
My original understanding was that Masters was already a powerful player in the home improvement market. It just did not market it self well enough to encourage people to go to the stores.
The article is indicating that Bunnings is a powerhouse and that no one can touch them, and if this deal is on the cards to combine two players in the home improvement market they might be able to challenge them.
ian
11th March 2016, 03:40 PM
regardless of the synergies between Masters and Mitre 10, the history of private equity in Australia is that the private equity player is most interested in a quick exit from the business at a very significant profit.
to quote just two examples, Myers and Dick Smith
Myers -- $1,000 invested in the float was worth $235 last September -- Can you double your money in Myer Holdings Ltd by 2020? | Motley Fool Australia (http://www.fool.com.au/2015/09/21/can-you-double-your-money-in-myer-holdings-ltd-by-2020/)
and Dick Smith is no more
artme
11th March 2016, 07:11 PM
Interesting read and some interesting news commrntary That I saw on the TV>
All I can say is..............Hmmmmmmm........
Twisted Tenon
11th March 2016, 09:11 PM
I just wonder if the Australian population can support another super hardware store.
TT
Mobyturns
12th March 2016, 03:49 PM
I just wonder if the Australian population can support another super hardware store.
TT
More like can Australia sustain vested interest private equity players in the longer term?
Plenty of name brands are a mere shell of their former glory. The brand may still have some value from customer loyalty which was built upon a history of good products, service, and performance but that is no longer the reality of any products sold under that brand. The equity players made their quick buck though!