FoggyIsle.XYZ | Market's view on Abrdn Euro Log

Doubts were raised about if there was any new information in the annual report statement, with all data appearing to be outdated. Stock movement seemed to be independent of the wider market.
There was a slow reporting of sale talks with two parties, and a French unit was sold. Possibility of windup proceedings concluding within a year was discussed.
A rise in debt yields causing share price damage was noted. The logistics market was pointed out as a potential area of growth with major players investing in ‘last mile’ funds.
The company secured a new tenant for a Madrid warehouse at a rate higher than the previous rent. Shares were considered to be underpriced.
The possibility of the company merging with EBOX was brought up, with the alternative being a sale at a significant discount.
Potential acquirers were speculated to offer approximately a 10% discount on the NAV.
The company’s slow rise was enjoyed by some, and a lacklustre market elsewhere was noted.
The company’s property was expected to be sold off rather than disposed of as a whole, incurring less of a discount.
Discussions were noted to be ongoing with third parties that made non-binding proposals. The Q4 dividend was cancelled with payments expected to recommence based on the outcome of the strategic review.
The company’s dividend was deemed unsustainable but was expected to be nearly fully priced in. A merger with EBOX was considered likely, but a sale was deemed more probable given the discount.
The company’s shares dropped back to the 56p level, surprising some despite the ongoing strategic review.
Negative sentiments regarding the company’s strategic review were noted, with a lack of positive announcements concerning a client’s payment failure.
The company’s share price was observed to drift below 60p. A large trade was made after hours, and the company’s discount and yield were noted. The dividend was uncovered and would be ‘rebased’ if the company continues.
The company’s NAV was considered achievable, especially if it doesn’t have swap mark to markets.