RE:RE:New Press Release - AIMIA REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTSnedstar71 wrote: Ugly paper losses makes for ugly headlines. Reading past that it's still not pretty. Tufropes not living up to expectations, but being an Indian company now not owned by Indians I would expect nothing less, Red Sea situation aside.
No real movement or volume in the stock yet, so illiquid most are just stuck. You have to wonder what Mithaq is thinking. Not a peep but I'm guessing we'll hear much more from them as the AGM approaches.
Disappointing results and disappointing call. I didn't find their answers to the few questions asked to be in the least encouraging. Investor Day looks like it was one big con job. We're days away from the end of Q1 and I think their reluctance to highlight improvements at Tufropes or with other holdings suggests we won't see much better in the near future.
As I expected, they made a comment about the "legacy holdings" really not being material going forward. Yes, that's what happens when you burn capital with abandon. Material becomes immaterial.