RBS, AEZ's biggest lender, is getting rid of 3.5 billion pounds worth of bad property loans into a seperate entity. Wonder if this includes AEZ loans? AEZ not in default but over covenants in some areas. Anyone who bought property in Spain in the past 15 years will be in the same situation, at best. Wonder what the octopus in Germany would have to say? I would like to put a choice to it. Am I a sucker for holding AEZ now? Yes/no. I will soon find out, Im sure. On my history in property trusts, I would predict YES. But then Im no octopus.
AEZ Price at posting:
2.8¢ Sentiment: None Disclosure: Held