AFJ 0.00% 91.5¢ affinity education group limited

Latest AFJ Financial Reports, page-2

  1. 533 Posts.
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    Your post initially had me worried skdeyau, with me imagining that the company just threw $496,910 out the door. However, reviewing note 15 of the interim report set my mind at rest. The note says this money is used for finishing the acquisition cost of a group of centres which made up part of the initial portfolio. The note declares the interest of Ms Guifre and notes that it was her, her spouse and family that is the beneficiary of the cash - well doi! they owned the centres. Now we own the centres, at least, shareholders who didn't sell out do


    From memory, Eternal Echoes was the centre, and 14 of them became part of the group?
 
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