APW would be happy with some decent coverage in yesterdays The Australian quoting an analyst at Clime Investment Management (CIW) who cited the big discount to NTA, recommencement of distributions and stock buy-back among other things. This is all true, although readers of this blog will know I (and others) have been slightly less gushing in praise.
Deciding to withdraw the DRP was also sensible and pragmatic.
The price has marched a bit higher, although is still well south of the NTA. So the investment idea remains intact: gains can be made from distributions and price advances due to growth in the NTA and a gradual lessening of the gap to NTA. Oh, and sprinkle in some patience.
Kristian
Disclosure: own APW and CIW
