Friday, 17 January 2014

AIMS Property Securities Fund (APW)

Most recent post here

Management have still not answered my question as to why a DRP has been introduced. This is poor form. It shouldn't be difficult to quickly articulate a reason (it should have been done anyway when it was announced). If I am missing something, I will happily concede the point. 

Kristian 

Disclosure: own APW

3 comments:

  1. Kristian,

    I think we have the response - now withdrawn on a decision by the "independent directors". Well done on applying the pressure.
    Interesting the the buy side has dried up recently. Time for some more communication from AIMS about performance and strategy.....

    Alf

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  2. Thanks Alf,

    They certainly have removed the DRP which is great news. It would be nice to see the share price get a wriggle along though. Stepping up the buy-back to more than $10k per day would be a good start.

    ReplyDelete
  3. Sad market response to the buyback today! Looks like huge lack of interest. Perhaps if management gave a bit more guidance on their progress?
    Alf

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