I’m currently sitting on a pile [of shares] and I welcome the media attention on this topic. It seems people are indeed interested in Citycon, as the videos covering it are racking up a decent number of views.
I am now pushing for the requirement that in a compulsory redemption situation, the arbitration court must have enough integrity to demand a fair price from Chaim Katzman for Citycon’s minority shareholders.
The offer price of 2.90 euros is legalized robbery, given that the company’s book value is several times higher (9.53 euros). The EPRA NRV calculated by the company itself is 7.64 euros per share in the latest interim report, which would be a fair price. I don’t necessarily believe that will go through as is, but in my opinion, it is the starting point from which we should begin the discussion.
I have a dog in this fight, but perhaps it’s worth trying to get the cow moving sometimes so you can put meat on the table.