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$7.23 astro japan property group

Ann: Sale of AJA's Property (TK) Interests and Notice of EGM, page-9

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440 Posts.

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02/08/17

08:57

Post #: 26230839
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Originally posted by Stans ↑

The premium to current market price is only modest, so hard to see why this is such a compelling offer to rank and file shareholders.

As noted by a previous poster including a distribution that has already gone ex in the headline consideration details would also suggest trying to pump up the offering to sound like a better deal than perhaps it is.

The whole management arrangement may be complex but as an "ordinary" shareholder doesn't feel like the premium on the offer is enough to immediately justifying selling up. It seems there is more of an upfront conversion for the manager than the shareholder.

Obviously the bidder is a sophisticated financial investor who sees value in the purchase, a modest premium above current market may equate to "value" to the purchaser but not sure the same can be said for the ordinary shareholder.

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I'm wondering a bit at the yen-au price, that my observations with a higher $A the lower the AJA share price. So is this just bad timing or should we wait for our $A to settle back down?

AJA Price at posting: $6.35 Sentiment: None Disclosure: Held
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