Thank you for the detailed response. Much appreciated.
You have called out all the reasons I stay invested in AOG and absolutely agree that the current market conditions do not favour their residential holdings but I believe it doesnt warrant this type of a discount to NTA.
In regards to SimplyWallStreet, I am not a subscriber but the AOG piece from SWS shows up on Yahoo Finance! Of course this is not a detailed thesis but their modeling for future earnings does show a massive drop in earnings. Hope this link works.
https://finance.yahoo.com/news/aveo-group-asx-aog-share-222917067.html
Aveo Group (ASX:AOG), which is in the real estate business, and is based in Australia, received a lot of attention from a substantial price movement on the ASX over the
The buyback sure does look like a farce. All external factors valid at the time of buyback announcement remains as-is even now. May be a slight worsening of RE conditions but it almost looks like it was a pump announement with no follow through and is worth a question. If their intention was to preserve cash which I believe would have been known at the time of announcement, they should have never announced a buyback. Actually someone did call this out on HC earlier i.e. AOG do not have the cash do really buyback any stock.
As you have noted, sure hope this pops but it is difficult to understand this continuous downward pressure on the SP. November 14 update will probably be more telling about what they are really upto and if it is moneys worth calling in externals to assist with the strategic review - dont really trust so called 'consultants'.
Again! Thank you!
Aveo Can Unlock 70% Upside by Addressing Its Unique Ownership Structure, According to Metrica, page-70
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