FKP 0.98% $2.03 fkp property group

intelligent investor, page-6

  1. 60 Posts.
    Becton will be privatised I believe - they have viable developments and retirement JV

    Port Bouvard was deconsoldidated as at 27/12/12 (as FKP now dont need to consolidate it as they appointed an ind director) during the half year FKP took a $15m P&L hit from the "discontinued operation" - $14m of which was PBD inventory writdown

    They dereccognised PBD's net 'assets' of -ve $31.3m, offset by the now equity accounted 29.5% interest equating to $9.2m (approx 850m shares at 1.1c)

    PBDs balance sheet improved post 31/12/12 following the Jan 13 equity raising
 
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Currently unlisted public company.

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