"GJFML considers the proposed consolidation is in the best interests of all unit holders. First, GJFML believes it should reduce volatility in the unit price and second, it may improve appeal to investors by increasing the pricing efficiency of units and also overcome mandate restrictions faced by certain institutional investors covering stocks with unit prices below $1."
Which makes me wonder, why do they care if the stock is undervalued? If they are focused on the orderly sale of assets they do not need a high SP because they are not using it to introduce more capital.
However, if the SP is higher, it will allow long term holders with an opportunity to sell, which wouldn't phase the interests of the group. (But it reflects mine nicely.)
I was hoping that they would reduce volatility in the unit price by creating more certainty on the groups ability to sell assets at atleast the market value. (40 cps for the tangible value)
GJT Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
