APD
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0.00% 89.5¢ apn property group

Ann: DXS: Acquisition of APN to further strengthen Funds business, page-3

  1. madamswer
    16,545 Posts.
    lightbulb Created with Sketch. 8075
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    11/05/21
    10:10
    Post #: 53085617
    Before this bid, the implied value of the Funds Management business was around $40m, according to my reckoning.

    Which I thought was too low.

    This bid effectively values the Funds Management business at almost $150m.

    Which is, well, just bananas.

    .
    APD Price at posting: 61.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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