RE:RE:Concludes strategic review….. Hi JMK,
I hear you and I agree with you that sales transactions at IFRS enabled desirable outcomes to redeploy the proceeds more effectively. I'm pleased to that end.
I am trying to articulate something a little different
“The Artis Board and newly formed Special Committee are looking forward to initiating a strategic review that will aim to
address the issue of Artis’s units trading at a material discount to its intrinsic value,” said Ben Rodney, Board Chair of Artis.
Seems like the discount to intrinsic value has not occurred yet so should the Strategic Review be viewed as a success? I think it's premature to conclude that, just as it should not be viewed as a failure. Just because the balance sheet cleanup and debt reduction occurred, the discount to intrinsic value has not occurred yet.
So why end the SR?
Seems like once the access to capital became easier and less costly, ways to spend it are increasingly surfacing without finishing up with reducing the gap between sp and intrinsic value!