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Aimia Inc T.AIM

Alternate Symbol(s):  T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Bullboard Posts
Comment by 123con Apr 01, 2020 5:56pm
116 Views
Post# 30870144

RE:Cash On Hand?

RE:Cash On Hand?The fourth quarter report - presented Feb 25th is here: 

https://corp.aimia.com/wp-content/uploads/2020/02/Aimia_Q4-2019-Highlights-FINAL.pdf

One of the last slides answers your question  - There was $349.8 million cash at that point.  of that $231.1 million represents the prefs leaving $118.7 million in "free" cash.  The board can, and likely will, invest most of the $349.8 million going forward and continue to pay the prefs their dividend.
Bullboard Posts