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.
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AIMS in the announcement: "Given AREOF’s great performance since...
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Last
$1.53 |
Change
0.000(0.00%) |
Mkt cap ! $67.89M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2600 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.62 | 3334 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2600 | 1.520 |
1 | 15000 | 1.470 |
1 | 10338 | 1.160 |
1 | 10000 | 1.150 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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1.620 | 3334 | 1 |
1.670 | 5636 | 1 |
1.675 | 2250 | 1 |
1.680 | 2185 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 24/05/2024 (20 minute delay) ? |
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