APZ tried a takeover due to the underperformance and mismanagement of EGH. They didn’t reach the threshold but still hold a substantial holding in Eureka, but I don’t know to what end. The EGH holders that took up the offer would have been significantly better off as APZ has risen and EGH has fallen. I note that EGH appointed a new CEO ? Around the same time. Cer5ainly the APZ holdings look to be in better condition than the EGH property which looks on average fairly tired. Happy to be an APZ SH whose assets seem to be more closely monitored and more frequently updated and in better condition. EGH has just I think raised funds and made yet another acquisition. Their holdings must b a bit of a nightmare as they are scattered all the way down the east coast.
APZ Price at posting:
$2.72 Sentiment: Hold Disclosure: Held
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