I don't think the minority shareholders in AEH will leave that easily. AEH is the old forest place group. FKP have had a long running battle here trying to get control. In and out of court.
Last time I looked, AEH had $400 million in interest free retirement bonds. FKP could have possibly prevented the previous capital raising if they could have gotten their hands on this money. Thats why AEH have been developing their sites will FKP have had to sell assets. AEH has been a good business, but the earnings are very lumpy.
I don't think FKP will be able to get control anytime soon.
FKP Price at posting:
$1.89 Sentiment: Buy Disclosure: Held
