APD 0.00% 89.5¢ apn property group

Stripping out NTA of 42cps (net cash and property...

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    Stripping out NTA of 42cps (net cash and property co-investments) the funds management business is trading at a Value of 1.6% of FUM. PWG and CNI more like 7-8% of FUM.

    On a consolidated basis, earnings upgraded twice already so far this financial year, trading on a partially franked yield of over 6% and a PE of 15-16x with plans for more funds to be launched this half and a buyback. FUM back to pre covid levels, share price still at a 20% discount
 
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Currently unlisted public company.

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