AIMS in the announcement: "Given AREOF’s great performance since inception in late 2017..."
So, APW invest $19m in AREOF in Dec-17, book an 'instant revaluation gain' of $1.3m on purchase of units in an associate, and come the latest Jun-19 financials the carrying value was $20.2m.
This is equivalent to an annualised return on book value of 4%, all of which comes from that bargain purchase trick.
Come on guys "great performance" - giving yourself a pat on the back for taking out some disgruntled unitholders in another one of your own vehicles at a discount to what you believe the assets are worth.
- Forums
- ASX - By Stock
- APW
- Ann: Investment in AIMS Real Estate Opportunity Fund
Ann: Investment in AIMS Real Estate Opportunity Fund, page-3
Featured News
Add APW (ASX) to my watchlist
|
|||||
Last
$1.70 |
Change
0.095(5.92%) |
Mkt cap ! $75.68M |
Open | High | Low | Value | Volume |
$1.65 | $1.70 | $1.65 | $35.03K | 21K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1460 | $1.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.75 | 6700 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1460 | 1.700 |
1 | 12000 | 1.500 |
1 | 2000 | 1.140 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.750 | 6700 | 3 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 13.09pm 02/09/2024 (20 minute delay) ? |
Featured News
APW (ASX) Chart |