SHORT GRENKE $GJL
Point 1 - Fact -
Franchise Companies were related parties not disclosed to investors (all of them)
Point 2 - Fact -
Grenke acquired them for over 100m in cash (when they ere on aggregate loss making) - Results in 100m goodwill on Grenke Balance sheet
Point 1 - Fact -
Franchise Companies were related parties not disclosed to investors (all of them)
Point 2 - Fact -
Grenke acquired them for over 100m in cash (when they ere on aggregate loss making) - Results in 100m goodwill on Grenke Balance sheet
SHORT GRENKE $GJL
Point 3 - Fact -
Grenke has loaned the Franchise Co. money to finance lease receivables!
Point 4 - interesting conicidence -
Aggregate amounts post acquisition Goodwill, lease receivables at the Franchise Level, Money lended to Franchise are very similar
Point 3 - Fact -
Grenke has loaned the Franchise Co. money to finance lease receivables!
Point 4 - interesting conicidence -
Aggregate amounts post acquisition Goodwill, lease receivables at the Franchise Level, Money lended to Franchise are very similar
SHORT GRENKE $GJL
As of now GRENKE has lended another 130-170m to Franchise Co (annual reports).
Point 6 - My Speculation -
Will over time ... GRENKE ... announce the acquisition of further Franchise Companies for a Cash consideration of 130-170m ? resulting in Goodwill?
As of now GRENKE has lended another 130-170m to Franchise Co (annual reports).
Point 6 - My Speculation -
Will over time ... GRENKE ... announce the acquisition of further Franchise Companies for a Cash consideration of 130-170m ? resulting in Goodwill?
SHORT GRENKE $GJL
GRENKE Squeezing small business is an interesting angle ... BUT if you really want to understand GRENKE you need to look into the Franchise Companies Systems?
Why did investors not know The system was related parties?
GRENKE Squeezing small business is an interesting angle ... BUT if you really want to understand GRENKE you need to look into the Franchise Companies Systems?
Why did investors not know The system was related parties?
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