It will be curious to see the impact of the dropping share price on the NTA. There is a weird cyclic ownership model at play in APW that will be curious to see how it is actually implemented in the accounts.
Given that some of the underlying unit trusts that APW owns, then own APW shares, there is a weird scenario that the NTA are compounded with the increasing share price, but this is then compounded with the dropping share price.
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- "Strategic Review of the MacarthurCook Office Property Trust"
"Strategic Review of the MacarthurCook Office Property Trust", page-6
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