Hi
@ 3.37pm, PES sp is $4.60.
AOE is $1.96 which calcs a PES share to:
$2.70 + 1.21*$1.96 = $5.07
One would think that there should be more PES buyers to take advantage of the 8% discount
Is it because the market is expecting AOE to drop to $1.56 (which would equate to ~$4.60)
Also does the offer apply if one purchased PES right up to the end (Feb09) ?
I hold PES.
PES
pepper residential securities trust no. 21
