RE:RE:RE:$1.60 per share for PLM Do you think the debtors of AeroMexico would actually pay AIMIA either sum in cash or will they negociate something else? I personally don't see them comming up with such sums after losing on the debt of AeroMexico + they would probably try to reserve their financial ressources for the restructured entity to navigate the current travelling environment.
If they do receive the cash, the problem then becomes what do they do with it? Aimia is already sitting with like 150 M$ (or something) that is un-invested. I was hoping these guys would have deployed some of the cash to buy interesting and cheap assets in 2020 while everything was on sale, but they just sort of sat back and waited. Now with inflation edging over 5%, they look pretty dumb with the cash on hand. I wouldn't be too happy with them having a few extra hundred of million on the balance sheet and not doing a thing with it.
The past SCIBs made sense at the time and increased the value of the remaining shares quite a lot, but then if they just sit on the cash while it gets inflated away, it's kind of just destroying that value back.