Hightrax, I like your thinking. It's hard to imagine a scenario where AEZ could actually go belly-up. However, fear rules at the moment, and we all find it hard to truly believe in any kind of recovery unless we can see the early signs. I find it frustrating that I don't understand the financial position, especially regarding the banks, the loans, interest payments etc. We only get to see that every 6 months or so when they release a report. Vacancy rates, rental trends and the like also remain unclear. And we have to sit quiet and wait for the latest revaluations to see if covenants are breached and what the consequences are. It seems to me that around a 10% downward valuation is on the cards, judging by what I'm seeing elsewhere. Some countries could suffer worse.
I would love to buy some more. As ever, my quandary in a falling market is whether to wait for a reversal in the share price, or top up on the way down. I am currently averaged in at about 17 cents, having bought my last lot at 7.2 cents, and I'm sitting on more of these than I ever thought I'd own! It's a bit scary, but I've got more confidence in this than any other market segment at the moment as far as a long-term recovery goes.
Good luck. Hope you get a good price for your second car, that the dividend comes through, and that the turnaround is not too far away.
AEZ Price at posting:
4.3¢ Sentiment: LT Buy Disclosure: Held
