Cust Prop Inc Share Price (CREI)

Krustysmegma, the problem would be that the bank account from where cheques would be drawn does not have the cash present! Part of the point of the merger was that it required no cash outlay, and it would save on transaction costs versus buying properties individually. It also allowed CREI holders to benefit from assets at discount.

Nothing to stop CREI opening the chequebook & approaching API with an offer for the assets it actually wanted, and they avoid getting lumbered with the stuff they would have disposed of anyway. More chance of doing a deal than SHED have, that's for sure!

At least with a bid there might be a premium to the market price, so reducing any losses.

it's just another example where fund managers take gains, shareholders take losses. custodian capital (the fund manager) wanted this deal because it would significantly increase their fee income over time. now that they've failed it's us shareholders who'll suffer the cost, not the manager. now that custodian have lost their credibility, the share price will now trade below nav and make it impossible for the company to raise capital. our company is now also suscepible to buy out; possibly below fair value.

a complete and total **** up.

Very disappointed the merger didn't go ahead. Would have been very happy waiting for this management team to get full value from the combined REIT. Have reduced at just over 84p. Just think the yield is now too low for current environment. Will definitely keep a core holding here and look to add on weakness as the costs of this debacle come through.

Attended the presentation and really like the management team here.