RE: Disgraceful.5 Jun 2019 19:56
Well we all read the RNS on 10th April (reminder below), which was worrying of course, Not a lot said since then, but Meridian Metals problems were resolved, so there isn't really an ongoing problem. I've added since because I was confident that we would be continuing, and they have really turned AEW Uk round. But, on the minus side, it is nearly two months now since the announcement, so something must be due, They didn't get the IPO away as they wanted, so the company isn't the size it should be. Personally I expected that we would be AEW LL would continue as it is, or it would be merged with AEW Uk, or sold off to to another established REIT. A few of them have fund raisers going on - LXI for example. A surprise that we did get a dividend on time.
Cenkos are playing with fire if the are shorting and advising the company at the same time, but I woudn't put it past them. Personally, I am in 72 companies paying quarterly dividends. I don't worry too much about profit and loss, I just keep those dividends coming in. Some are way down, others grow and grow.
There are a lot of big investors, as we see from the daily RNS's - I am sure they are keeping a closer eye on the company than we are able.
10 April 2019 - In view of the sub-scale size of the Group, its performance since IPO, and the recent news in respect of Meridian Metal Trading Limited, the Board is reviewing the options for the future of AEWL.
The Board will seek to achieve value for shareholders either by expanding the Group's equity and asset base to achieve full dividend cover, considering offers from interested parties, or by selling the Group's portfolio and returning funds to shareholders.
To ensure that all options can be considered, the Board has today served protective notice of termination of the investment management agreement with AEW UK Investment Management LLP (which will expire on 9th April 2020). Ultimately, after all options have been considered, the Board may decide to continue to pursue the Group's existing strategy with AEW UK Investment Management LLP.