"The probability of a favorable announcement being made on Feb 13 is close to 0%"
Well I don't know about that MKR. Put yourself in Grady's shoes: He reports on Feb 13...we know it is going to be a crappy 1H...he's already flown that kite...and the market tanked. I am hopeful though that the result will be slightly better than 1HFY18 (a disastrous 6 months because of Four Corners etc). The Aged Care RC commences in earnest on Feb 11 (for two weeks as I recollect) and there will already have been a few hand grenades go off...hopefully none involving AOG, but there will be collateral damage in the halo zone. There might also have been directions given in the Class action - scheduled early Feb from memory.
Grady will be desperate for good news and I suspect he will have some as a consequence of the bid tendering process having been closed off at the end of January. It won't be definite stuff because there is the due diligence process to be undertaken. But he might well be able to talk in generalities such as "AOG have entered into a due diligence process with two entities with the intention of partnering in projects going forward." The absence of Mulpha buying since the end of November is proof positive they are involved in financially sensitive discussions.
On other news...AOG are continuing in their quest to go bigger and more care embracive with the announcement of their $224m 6-stage redevelopment of the 30-year old Carindale retirement village in Brisbane. Stage 1 is $45m and includes two multi story buildings with consulting rooms for a GP, allied health etc. Ultimately this project will deliver 432 ILU's and a 115 bed aged care facility over the next 9 years.
AOG Price at posting:
$1.55 Sentiment: Hold Disclosure: Held