RE:RE:RE:RE:RE:RE:So technically & Fundamentally , the share price should Here is another one, ( last trading day, 0.79, and it was up 10% ) hahahahahaha
I have just added AET.UN Argent Energy Trust to my account at $5.21 per share. The companies assets are valued at $7.98 per share. My cost is about 65% of the asset value. To make it better the stock is paying close to a 20% dividend. There is concern that the dividend is not sustainable but the company has stated that it is safe for 2014. When you look at last years financials they recorded a loss of 87 million but that loss was due to about 130 million in depreciation charges and asset impairment charges. The operations are actually generating positive cash flow as I understand it. If the company does cut the dividend by half it will still be close to 10%. At that point I think that the stock will start to move closer to the $7.98 per share in asset value. Either way, at $5.21 per share I feel that this was a cheap stock. I also feel that this stock is a strong takeover target.