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AOG starting to reverse the SP trend, heading back towards $1.70+ been a wee while since at these levels.
Progress being made on the strategic review?
If the Board/Mgmt can't get the SP back to $3.00 as a result of any transaction(s) then this whole process has been a failure.
Last NTA update was $3.92 from memory.
If they can't unlock value they should look at winding up/selling the entire business at NTA.
Still holding on pending the outcome of the review.
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Market is optimising a positive outcome here value wise as the reveal gets closer. Mulpha has held back this company's value and will try to get assets cheaply maybe the malaysian ones, a breakup of AOG is on the cards
"Non-binding indicative bids from parties are due to be submitted by late January 2019. Aveo Group will provide an update as part of its Half Year Results on 13 February 2019."
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Really?
A number of bids have been received to buy the whole company.S/P rising steadily.Looking good atp..Still a big gap to nta.
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AOG up 20c to $2.13, pause in trading.
Strategic review announcement that says absolutely nothing!
Anyone seen/heard anything that might of generated this irrelevant announcement.
Ps. Was hoping for a $4 a share takeover...
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Patience required for this to play out .August, suggested by a canny investor who has a few connections.
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That is an awfully long time given this process started back in November.
What on earth is this costing us in advisor fees?
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I dont care and im not a helicopter parent here.
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Retirement home operator Aveo has received a confidential takeover offer and flagged a slump in its full-year profit, citing subdued property market conditions.
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Trading, Annual Distribution and Strategic Review
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S/P down to $1.975 having bottomed at $1.80 yest
Some are linking AOG's downgrade performance with our sector here esp SUM and aus investors bailing from SUM etc. Maybe but AOG has uncertainty over its sale and poor management and management influence by dodgy (imo) re 20% holder Mulpha to be taken into consideration as well.