Australia's largest stock trading and investment forum Australia's #1 stock forum

CDP

Click for more information

0.92%

$4.30 carindale property trust

You should contact the company if you want further clarity on...

First 20 Last

Share
Profile

Follow
madamswer

16,402 Posts.

7958

03/08/20

18:58

Post #: 46273799
Share

Originally posted by optimistus ↑

In stating that SCG are able to unilaterally increase their management service fee from 0.6% to 2% you seem to be asserting that the "Related Party Disclosure" that you have quoted is the sole and only reference for that fee between the parties. I would be surprised if that is the case.

While the quote mentions the ability of the RE to set the fee I would fully expect that there are supporting agreements and annual reviews that ensure that the Trust is receiving value for money and that such detailed agreements would not generally be disclosed. It may be that the $5m annual fee is already profitable and the Trustees have a degree of leverage in the matter which introduces practical limitations on what SCG is able to charge.

All conjecture on my behalf but simply pointing out that if it was as simple as saying "pay the full 2% thanks" as you suggest it begs the question as to why they didn't do it from inception.

Expand

You should contact the company if you want further clarity on this situation.
That's what I did.

CDP Price at posting: $3.01 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 114 more messages in this thread...

First 20 Last

Add CDP (ASX) to my watchlist

(20min delay)
Last $4.30		Change -0.040(0.92%)		Mkt cap ! $343.2M

Open	High	Low	Value	Volume
$4.34	$4.34	$4.30	$19.07K	4.42K

Buyers (Bids)

No.	Vol.	Price($)
2	6914	$4.30

Sellers (Offers)

Price($)	Vol.	No.
$4.34	260	1

View Market Depth

No.	Vol.	Price($)
3	7081	4.300
1	893	4.290
1	176	4.250
1	10000	4.240
1	788	4.170

Price($)	Vol.	No.
4.350	3289	1
4.360	150	1
4.410	5000	1
4.450	800	1
4.460	3755	1

Last trade - 12.30pm 26/04/2024 (20 minute delay)


Last $4.30			Change -0.040 ( 0.69 %)
Open	High		Low	Volume
$4.32	$4.34		$4.30	1119
Last updated 12.48pm 26/04/2024 ?

CDP (ASX) Chart