i sold my first holding at $1.22 almost 18 month ago and brought back in around $0.20. I then picked up more at $0.13 and have watched as it keeps going lower.
i would love to know what the hell is going on with APN, do they even care about the unit price of the trust?
there was a good article in the AFR last week about property trust managers getting units issued to the for their management fees that are based on the appraised value of the building, ie there is a big difference between what the units are trading and what they are worth. it might be worth asking APN about this.
it amazes me that the value of the trust is now so low and it appears that APN is doing nothing about it.
AEZ Price at posting:
6.5¢ Sentiment: LT Buy Disclosure: Held