AEZ 0.00% 0.1¢ apn european retail property group

working capital facility reason for trade halt

  1. 19,064 Posts.
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    the trading halt imo is to do with the rbs working capital facility. 19th may it started for 6 months. it finishes 19th Nov. In the May announcement it states aez can apply for an extension for 6 more months , from 19th Nov to 19 may 2011.
    providing they have done all they can, RBS "should extend".
    RBS , i wouldnt think would want to rock the boat any further , than what Europe is already going thru.
    In my conversations with AEZ they have 90% occupancy and rents coming in, its really the valuations that are the concern (which in time should head northwards)
    Hopefully RBS will continue to support aez.
 
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