Not sure why a takeover is a no brainier when the company has written off $90 m just like that in value ... Will it happen again ? And 4 years after GFC hit ? Conservative management ? Hardly . You don't like the way the announcements read with lack of detail - guarantee you would find similar comments on HC from 2 + years ago.
Aspen acquired a lot of b / c grade assets to collect mgt fees when cost of debt was low ... Now they are exposed as no one wants to buy the crap they hold ... Or only at substantial discount to their book value which resulted in the mammoth write off.
Not sure why you'd invest here as much better plays on the market though I watch with keen interest.
Not sure why a takeover is a no brainier when the company has...
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Last
$2.11 |
Change
-0.020(0.94%) |
Mkt cap ! $422.4M | |||
| Open | High | Low | Value | Volume |
| $2.12 | $2.14 | $2.11 | $39.98K | 18.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2572 | $2.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 9593 | 1 |
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| Last trade - 15.49pm 12/09/2024 (20 minute delay) ? |
| APZ (ASX) Chart |