re: Ann: Distribution for the six months endi... "I would like to sell some of my AJA holding but at $3.42"
If you sell at $2.86 you realize a loss of 56 c. That is more than last year distribution of 42.5c.
Next year distribution is anybody's guess. Distro's were getting smaller and smaller for the last few years.
They already told us they have lost 2.3c a share on reducing hedging agreements this time around. So much for paying down the debt, instead a good money is lost on financial transaction. They told us that they made money on hedging before so we would not be annoyed at this loss. Well that previous profit has gone down the gurgle already.
If will not make me happier if someone tells me that I used to be rich if I am poor now.
I fully expect this 2.3c come of next year distribution. They are waiting in vain for more suckers lured by mirage of high return to push the SP up a bit.
Old dog is getting more and more tired. And no vet around to put it out of its misery.
AJA Price at posting:
$2.86 Sentiment: Hold Disclosure: Held