Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.63
1.02%
Gold
2,631.20
0.07%
Copper
4.11
0.38%
Oil
70.17
0.88%
Bitcoin
98,890.20
4.36%
USD/AUD
0.62
(0.3%)
FTSE 100
8,136.99
0.42%
Nikkei 225
39,036.85
(0.44%)
Dow Jones
43,195.69
0.65%
Hang Seng
20,098.29
0.94%

ARC Funds (ASX: $ARC) secures option for TTDS acquisition

ARC Funds announces strategic acquisition move


ARC Funds (ASX:ARC) has announced the acquisition of a call option to potentially acquire a significant stake in The Term Deposit Shop Pty Ltd (TTDS) and a complete stake in TTDS Holdings Pty Ltd. This strategic move is contingent upon existing TTDS shareholders not exercising their preemptive rights. TTDS operates an online cash management platform, currently managing over $550 million in funds.

ARC Funds' strategic outlook and future plans


ARC Funds is positioning itself for growth by acquiring a call option to potentially acquire a significant stake in TTDS and its holdings. This acquisition aligns with ARC's strategy to enhance its investment offerings and tap into the lucrative term deposit market in Australia, valued at approximately 1 trillion dollars. TTDS offers a platform that simplifies investments in term deposits and high-interest savings accounts, providing competitive rates and automated processes. ARC Funds aims to leverage TTDS's established platform and client base to attract new investors and streamline administrative tasks. The company plans to conduct due diligence and exercise the call option, keeping shareholders updated on the progress.

Executive commentary on ARC Funds' strategic direction


ARC Funds has secured a call option for a nominal fee to acquire 63.49% of TTDS and 100% of TTDS Holdings. The option is valid until 5 p.m. on February 28, 2024. The total purchase price upon exercising the option is $2,380,709.60, with adjustments as per the share subscription agreement.

ARC FUNDS LIMITED
ARC | ASX | Financials
0.0870(+0%)
At close 23/12 (AEDT)
Market cap
$3.9M
Volume
226,885
DY Yield
PE Ratio
52 Week Range
0.087 - 0.2
1YR Return
N / A

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