RE:jan 30 NAV about .28Candidly I don't think Aberdeen will survive until the next commodity bull run. It appears they haven't yet been able to close that recent PP, and with management compensation being such a demand, they need capital. I don't even know what'll happen to F&M, because it appears that other affiliated companies are trying to break free. Look at TLG, for example. Is this a precursor for what is to come? I have no idea.
Mind you, this is not to suggest buying shares in TLG or any of the other companies that have broken free, because those managers/directors are just as terrible as Stan. They were all too happy to screw shareholders and receive excessive compensation, so they're just as guilty. They don't get to start with a "clean slate" now that they've changed their ways. Yours truly makes a habit of following the stories on this board and other forums to remind anyone who will listen of this fact. Truth must be heard, and the filth they've engaged in needs to shoved in front of their faces all the time. Believe me, they have no integrity, shame, or compassion for others, so they don't care. But hopefully potential investors do.
I can't overstate this enough, but you have to completely ignore the NAVPS when it comes to AAB. It is meaningless, because it'll never be passed along to shareholders. This is the truth, the market knows it, and so should you and everyone else.
RockLobster1 wrote: I totally understand the mistrust of mgmt... the website hasn't even been updated in years... On SEDAR.com you can see the last annual financials... interesting to see what they do have and the valuation. Lost 27 cents a share last year, cut the NAV in half. The MD&A is quite detailed about the holdings and what has changed in the past year. It certainly does trade with a massive discount, due to I assume mgmts past and liquidity... not sure I've even seen such a discount! We had a good run in the lithium boom,,, wonder if that will happen again in the next commodity bull...