Yes, I have also read the Morgans report as part of my research. Their valuation was also mainly predicated on the discount to NTA too.
If the valuation of their retirement assets was based off a direction comparison approach rather than a discounted cash rate, I would likely have invested.
The direct comparison approach would give us a fair value of the physical asset, rather than the value of these Aveo Way contracts that are now getting wound back.
In any event, it will be interesting to see how this plays out.
AOG Price at posting:
$2.71 Sentiment: None Disclosure: Not Held
