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
$1.70 |
Change
0.000(0.00%) |
Mkt cap ! $75.68M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2121 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.70 | 43 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2121 | 1.650 |
1 | 8653 | 1.635 |
1 | 3058 | 1.630 |
1 | 8500 | 1.150 |
1 | 2000 | 1.140 |
Price($) | Vol. | No. |
---|---|---|
1.695 | 43 | 2 |
1.755 | 2893 | 1 |
2.000 | 5000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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