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Ann: AOG Half Year Results Presentation, page-31

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CaptainBarnacles

7,719 Posts.

161

15/02/19

11:43

Post #: 37448215
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Originally posted by pCap ↑

Given the mgt discussion seems to have moved towards a whole of company transaction, Im struggling to see how the following two points can be reconciled:

1. The Board are only likely to support a bid at or close to NTA as they regularly sign off the NTA in the accounts as being the correct value;
2. Why would someone pay at or close to NTA with the class action and a deteriorating housing market hanging over it?

The only hope (and I really mean hope) is that a LT investor stumps up that is not overly concerned by short term cycles and has a view that the class action has no legs (or can size the potential liability and build it into their bid in a way the Board can support). Guess we'll just have to continue waiting.

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What else are they going to say - "send us your lowball bids - we're desperate!" lol

In five years or whenever this will be back around NTA again. Not sure why we need to worry about this strategic nonsense, short sighted IMO. Focus on the business please management and board.

Last edited by CaptainBarnacles: 15/02/19

AOG Price at posting: $1.90 Sentiment: Buy Disclosure: Held
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