AIE as of yesterday is trading on an ex return of capital basis. For every 3.0396 fully paid AIE shares, holders have received one fully paid Forge (ie the old aiConstruction business) as consideration with respect to the return of capital from AIE. AIE is now just the aiAutomative business.
The new AIE should be regarded as a having long term value. Forge (ie old aiConstruction) should provide more satisfaction in the shorter term. The split will allow both business to trade fair compared with their respective competitors.
AIE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
