|Bid||3.4500 x 0|
|Ask||3.4600 x 0|
|Day's Range||3.3900 - 3.4900|
|52 Week Range||2.9900 - 4.3000|
|Beta (3Y Monthly)||2.71|
|PE Ratio (TTM)||0.53|
|Earnings Date||Aug 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.38|
NEW YORK , Oct. 15, 2019 /CNW/ -- Mittleman Brothers LLC ("Mittleman Brothers" or "we" or "us"), is a value-oriented investment firm which through subsidiaries and with affiliates is the largest shareholder of Aimia Inc. (AIM.TO) ("Aimia" or the "Company"), owning or exercising control over more than 23% of its outstanding shares, and has been a major shareholder since first purchasing shares on May 19, 2017 . Aimia announced on October 2, 2019 that it will hold a special meeting of shareholders (the "Meeting") on January 24, 2020 . The Meeting was requisitioned by the Aimia Shareholders for Accountability, a coalition of shareholders claiming aggregate ownership of not less than 5% of the Company's shares (the "Requisitioning Shareholders").
Statistically speaking, long term investing is a profitable endeavour. But no-one is immune from buying too high...
MONTREAL , Oct. 2, 2019 /CNW Telbec/ - Loyalty and travel-focused consolidator Aimia Inc. (AIM.TO) today announced that it will hold a special meeting of shareholders (the "Meeting") on January 24, 2020 . The Meeting was requisitioned by a group of shareholders led by Charles Frischer , holding not less than 5% of the company's issued and outstanding common shares. The requisitioning shareholders are asking Aimia shareholders to vote to remove four current directors and to replace them with four nominees of the requisitioning shareholders. Aimia's board of directors has fixed December 23, 2019 , as the record date to determine which shareholders will be entitled to vote at the Meeting.
MOUNTAIN VIEW, Calif., Oct. 2, 2019 /PRNewswire/ -- H2O.ai, the open source leader in artificial intelligence (AI) and machine learning (ML), today announced that it has partnered with Aimia, a global leader in customer engagement and loyalty solutions for leading retail, CPG, travel & hospitality, financial services and entertainment brands. Aimia chose H2O.ai's award-winning and industry leading automatic machine learning platform, H2O Driverless AI, to further enhance and optimize Aimia's machine learning capabilities for customer loyalty programs.
MONTREAL , Sept. 12, 2019 /CNW/ - Loyalty and travel-focused consolidator Aimia Inc. (AIM.TO) today announced that Charles Frischer and other parties, claiming to own not less than 5% of the company, (together, the "Frischer Group") has requisitioned a special meeting of Aimia's shareholders to consider several proposed resolutions, including the election of four new directors to replace four existing directors.
New board will revitalize Aimia. Fully independent nominees bring superior capital allocation skills, public company, financial and legal expertise to work in the interest of long-suffering shareholders who have lost over 80% of the value of their investment over the last five years. This proposed slate includes four new directors and four existing directors on the Aimia Board. The new directors include Joel Schachter (proposed Chairman), David Rosenkrantz, Charles Frischer and Michael Lehmann.
Mittleman also filed a counterclaim today with the Ontario Superior Court against Aimia, as well as against current and former directors William G. McEwan, Jeremy Rabe, Thomas D. Gardner, Robert C. Kriedler, Emma Griffin and Robert E. Brown, seeking, among other remedies, an aggregate of CAD$125 million in compensatory and punitive damages for breach of contract and defamation as well as CAD$30 million in compensatory damages from current and former directors Jeremy Rabe and Robert E. Brown for tortious misrepresentations in connection with the sale of Aeroplan to Air Canada. Mittleman will vigorously pursue its defence and counterclaims against Aimia and its current and former directors.
Every investor in Aimia Inc. (TSE:AIM) should be aware of the most powerful shareholder groups. Generally speaking, as...
NEW YORK, July 23, 2019 /PRNewswire/ -- Mittleman Brothers LLC ("Mittleman" or "we" or "our"), a value-oriented investment firm which through subsidiaries and with affiliates is the largest shareholder of Aimia Inc. (AIM.TO) ("Aimia" or the "Company") owning or exercising control over approximately 23.2% of its outstanding shares, today commented on the recent action by Aimia's board (the "Board") to entrench themselves.
MONTREAL, July 22, 2019 /PRNewswire/ - Loyalty and travel-focused consolidator Aimia Inc. (AIM.TO) today announced that it has commenced legal action in Toronto before the Ontario Superior Court of Justice against the New York City-based hedge fund Mittleman Brothers, LLC and related parties (collectively, "Mittleman") (Docket Number: CV-19-00624108-0000), in the interests of defending the company and shareholders from continued breaches of contract, other unlawful and destructive interference and ongoing, self-interested proposals to seize control of the company and its assets. In addition, the Statement of Claim sheds light on Mittleman's self-interested agenda, evidenced by numerous proposals from Mittleman including to merge Aimia with Mittleman, have Mittleman take control of Aimia's cash and use Aimia's cash to acquire other Mittleman investments.
A sum-of-the-parts valuation of the company shows that Aimia is over 40% undervalued based on the balance sheet. But boardroom uncertainty makes this a speculative buy Continue reading...
MONTREAL, July 17, 2019 /PRNewswire/ - Aimia Inc. (AIM.TO), a loyalty and travel-focused consolidator, today responded to statements made by Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") regarding Aimia's 48.855% stake in PLM Premier, S.A.P.I. de C.V. ("PLM"), the owner and operator of Aeromexico's Club Premier frequent flyer program. Aimia notes that PLM Premier has been a highly successful partnership. Aimia's involvement in the development and execution of the PLM program has been critical to the program's management and profitability leading to the increase in distribution to both Aeromexico and Aimia announced earlier this year.
Investor Charles Frischer, on behalf of a group of concerned shareholders (the "Aimia Shareholders for Accountability") of Aimia Inc. ("Aimia" or the "Corporation"), today thanked the many shareholders who have reached out to express support for the Aimia Shareholders for Accountability’s actions in making public their concerns with respect to the current board of directors’ (the “Board”) lack of respect for the rights of shareholders.