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.
Ann: Investment in AIMS Real Estate Opportunity Fund, page-3
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Last
$1.64 |
Change
0.005(0.31%) |
Mkt cap ! $72.78M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.64 | $1.64 | $7.045K | 4.309K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 2893 | 1 |
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| Last trade - 13.01pm 08/11/2024 (20 minute delay) ? |
| APW (ASX) Chart |