And today we see APM hit the headlines in The Australian...

And today we see APM hit the headlines in The Australian addressing the two issues of concern"
1. Despite pressure from equity brokers (who were looking forward to a fat commission), Management confirms it is not doing a CR and sticking to its guidance of 'slow recovery'.
2.Despite pressure to ditch the divvy, even the brokers confirm there is comfortable gains to cover the divvy. Management looks to be intent on preserving SH value and doing a slow recovery.

It is also good to see this company has several other optioins, including selling one of two of it's many businesses and focusing on its really big earners (like the US market which is looking like recovering earlier).
The other interesting option is a TO. This is a very attractive business and lots of private equity is eyeing it.

Can see SH trying to digest the news. Looking at the sp even after today's pause, the sp has jumped 8.7%.
All good for LT holders. Even those who bought it last week have made a handsome profit.

Re: APM below:

The market loved the company when it listed in 2021, buying shares at $3.55 to make it a business with a $3.25bn market value. But now it is valued at $670m.

The voices have been growing louder in recent days that APM needs to raise equity.

Company sources are adamant that an equity raise is not on the agenda, probably to the disappointment to the equity capital markets bankers eager to find the next pay cheque in what is a quiet market.

Analysts agree.

On the face of it, APM’s performance looks set to improve over the next year, despite it warning in November that while half-year revenue at $1.14bn was anticipated to be higher than expected, underlying earnings before interest, tax, depreciation and amortisation were anticipated to be about $148m, compared to $167.6m in the previous corresponding period.
And:

APM could afford to pay the dividend, but Bell Potter thought the board should consider whether it was prudent, given debt levels and the uncertain outlook.