Investing

Aim.to (Aeroplan)

  • Last Updated:
  • Jun 6th, 2018 10:56 am
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Deal Addict
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Mar 27, 2008
1290 posts
100 upvotes
Toronto
The quarter report was pretty darn good. The basic stats missed and it's understandable that it fell initially based on those who didn't dig deeper into the numbers.

With the amount of shorts outstanding that will probably get squeezed. I expect a bit more to go from here early next week. But like all rallies, we'll probably get another chance to pick up some under $3 again.
My Rogers Plan: 250 DT, Unlim. inc., Unlim. E/W @ 8pm, 100 CDN LD, 100 txt sent/unlim. rec., CID/VM/Call forward & transfer = $15.90/month after all tax and fees.
Deal Addict
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Jan 16, 2011
1550 posts
537 upvotes
The NORTH
Still holding my 40000 shares. Not sure what to do at this point...
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Dec 8, 2010
2255 posts
722 upvotes
kr0zet wrote:
Nov 10th, 2017 11:05 am
Still holding my 40000 shares. Not sure what to do at this point...
Risk vs reward. If you're up a good amount, sell half.
Deal Addict
Aug 19, 2006
4856 posts
154 upvotes
kr0zet wrote:
Nov 10th, 2017 11:05 am
Still holding my 40000 shares. Not sure what to do at this point...
You crayyyy. What was your average?
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Jan 16, 2011
1550 posts
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The NORTH
TruE SkiLLS wrote:
Nov 10th, 2017 11:26 am
You crayyyy. What was your average?
31000 @ $1.97 in my rrsp and 9000 @ $2.37 in my TFSA. The tfsa purchases was right before the dividend cut announcement.
Deal Addict
Aug 19, 2006
4856 posts
154 upvotes
kr0zet wrote:
Nov 10th, 2017 11:56 am
31000 @ $1.97 in my rrsp and 9000 @ $2.37 in my TFSA. The tfsa purchases was right before the dividend cut announcement.
Congrats on the hold, hopefully it continues to move up!
Deal Addict
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Jan 16, 2011
1550 posts
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The NORTH
Over a million shares on the bid line at $3.20 for the open.

Scratch that, just about 2 million on the bid side at $3.20...

And we're 5 minutes into the day, half a million shares traded and it's up another 20 cents (6%)

When the hell does one get off this ride???
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May 11, 2014
2064 posts
960 upvotes
Iqaluit, NT
kr0zet wrote:
Nov 13th, 2017 9:18 am
Over a million shares on the bid line at $3.20 for the open.

Scratch that, just about 2 million on the bid side at $3.20...

And we're 5 minutes into the day, half a million shares traded and it's up another 20 cents (6%)

When the hell does one get off this ride???
Just sell your cost basis. That way, any further gains you get are just from the initial profits. If for some reason, AIM goes to 0, you are only out the initial gains! Good job on this trade! I didn't have the guts for this one!
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Member
Nov 10, 2007
212 posts
32 upvotes
Hit a high of 4.33 so far today. Should be interesting in a month when the quarterly results drop.
Newbie
Jun 28, 2017
81 posts
22 upvotes
Aimia Sells Nectar Business to Sainsbury's
Canada NewsWire

MONTREAL, Feb. 1, 2018

MONTREAL, Feb. 1, 2018 /CNW Telbec/ - Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) today announced it has sold its Nectar loyalty program and related assets (including the Nectar trademarks) to J Sainsbury plc for a gross consideration of approximately $105 million(1) (£60 million).
Along with the sale of Nectar business and Aimia's Intelligent Shopper Solutions U.K. and Intelligent Research businesses, and a 50% equity stake in its i2c joint venture with Sainsbury's, the agreement also provides for the transfer to Sainsbury's of approximately $183 million (£105 million) of cash providing coverage against the Nectar redemption liability. Aimia will continue to deliver customer insights and data analytics platforms to customers outside the U.K.

The transaction is also subject to customary working capital adjustments based on closing accounts, with net working capital amounts paid to Sainsbury's at closing of approximately $96 million (£55 million). Included in this amount are net payables in respect of December redemptions normally paid in the first quarter of the year.

Aimia also obtained the consent of its lenders, as required for the release of one of Aimia's subsidiary guarantors under its senior credit agreement. In connection with this consent, Aimia has reduced its overall debt level with a $100 million repayment made at closing and the overall size of the facility has been reduced to $208 million.
As at September 30, 2017, Aimia had close to $670 million of cash and cash equivalents (including investments in corporate and government bonds). Adjusting for and giving effect to the Nectar transaction, Aimia's net cash and liquidity position will be reduced by approximately $174 million. As the contractual requirement with Sainsbury's under which approximately $208 million (at September 30, 2017) had previously been held in reserve by Aimia no longer applies, Aimia views the impact of the Nectar transaction as having a positive impact on Aimia's net cash position prior to giving effect to the repayment of $100 million under its credit facility and any positive cash inflows generated by the Nectar business in the fourth quarter.
Deal Fanatic
Feb 15, 2006
7336 posts
1751 upvotes
Toronto
Aim dropped more than 20% to 2.83.

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