can someone with a contact give them a call and find out what is happening? it was supposed to be released to the market last week according to the market release 2 weeks ago.
this is what upsets me about management, they say one thing and then dont follow through on it.
i had to check twice today when i looked at the AEZ price, i couldnt beleive it was $0.09.
the dividend is looking shakey going by the markets way of pricing this thing. you would think APN would be doing more to do something about the price but i havent seen a thing.
i read through the APN annual report today and saw that the paid $13m for 50% of the manament rights to the trust. so the rights are valued at $26m, almost half the Market Cap of the trust. i want APN to disclose what the management rights say in relation to a takeover and or removing the responsible entity because these guys arent doing anything for the share price.
assets of $0.93 and a share price of $0.092, thats a 90% discount to NTA. what the hell is the responsible entity doing to restore value?
check out APD, the APN parent entity, $0.22 per share. they announced that they closed all their retail funds so there goes any earnings growth. maybe they can do a deal to sell themselves to a bigger player because they look out of their depth running AEZ.
AEZ Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held