RE:Aimia share value Someone, or perhaps a number of people, see that Mittleman Bros, Breach Inlet & Laughing Waters assessment of the intrinsic value of Aimia is worth betting on given the substantial cash on hand and the value of other assets as outlined in their various comments I indicated in my comment Apr. 26 - quoted below. It seems that they or others are buying up Aimia shares through a Credit Suisse account, anticipating that at the AGM changes will be forced that will change the direction of the company to allow it to reach it's potential. Mittleman Bros have said they believe that the current value of the assets and cash are about $ 7.50/share. That was before the share purchase was announced. That should make little difference though because the share purchase and cancellation should increase the stock price proportionately to the cash used. I bought more myself since the purchase was announced anticipating that these investment houses will be sucessfull in getting Aimia to move to create shareholder value as they have outlined, and that within a reasonably short time the shares will move significantly higher towards Mittleman's estimate of $ 7.50. This is by no means a sure thing, but even if it goes to $5.50 or $ 6.00 within a year or two, it's a great return. Its also a pretty safe bet that since the single major asset is cash, it won't be going down.
123c wrote: The Mittlemans, Laughing Water and Breach Inlet Capital all see Aimia as worth significantly more than $ 4.50 and are unlikely to tender to the offer. It seems likely that there are enough shareholders that share this view that the the board and management will be cleaned out at the AGM and new management will quickly act to realize the true value.
See Breach Inlet Capital’s press release of April 4 -
https://stockhouse.com/news/press-releases/2019/04/04/breach-inlet-capital-sends-letter-to-board-of-aimia-inc
Laughing Water Capital’s letter to the board - March 27 -
https://www.newswire.ca/news-releases/laughing-water-capital-issues-open-letter-to-board-of-aimia-inc--852936391.html
Mittleman Bros. Statement - Aug 21, 2018 -
https://www.newswire.ca/news-releases/mittleman-brothers-llc-statement-on-sale-of-aeroplan-691362141.html