sounds like an unwise investment to make ...not a growth stock...

First 50 Last

Share
Profile

Follow
batikit

1,848 Posts.

10

13/06/20

23:49

Post #: 45207683
Share

Originally posted by Michaelirish: ↑

NEW is an ‘Investment Entity’ under AASB 10 and therefore does not consolidate its
subsidiaries. NEW recognises income and fair value movements from its investments
2
1
3
4
• Fair value movements in investments including A$1.3m of
unrealised foreign exchange gains
1
• Primarily interest income on the loan from New Energy
Solar Fund to NES US Corp., a subsidiary of New Energy
Solar Limited
2
• Foreign exchange gain on cash balances and USD
receivables 3
4 • Operating costs of the stapled structure
A$ FY19
Fair Value movement - plants (11,318,093)
Fair Value movement – USF investment 1,377,116
Foreign exchange gain/(loss) (17,857)
Finance and dividend Income 10,332,733
Total net income 373,899
Finance Expenses (956,765)
Responsible entity fees (180,899)
Investment management fees (2,257,493)
Other operating expenses (2,306,374)
Total Expenses (5,701,531)
Profit/(loss) before tax (5,327,632)
Income tax benefit/(expense) 1,149,414
Profit/(loss) after tax (4,178,218)
Notes: Presented on a combined basis for New Energy Solar Limited and

Expand

sounds like an unwise investment to make ...not a growth stock not a profit making company not a share you buy their unit and you pay fee for holding and i dont see any annoucement for June div notice , better bet on IT shares than this

NEW Price at posting: $1.08 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

OPL

Opyl forms JV with UK and US consortium to bring products to the world