APW 0.00% $1.70 aims property securities fund

...or never revisit the idea and just keep clipping fees in...

  1. 3,528 Posts.
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    ...or never revisit the idea and just keep clipping fees in perpetuity, Farooq Khan style.

    @risk41 the huge NTA discount is not created by doubt about the assets' values. It's a judgment on management, plain and simple. How best to proceed? I'm not your guy on this one. Ask the agitators who have tried valiantly to get APW liquidated - Samuel Terry and Sandon Capital.

    And by the way - APW's management haven't really dispensed with fees. They just reshaped the way they get them, in an attempt to avoid the potential consequences of the AMP Capital decision. No coincidence that they did this at the same time as a wind-up vote was being pushed by Samuel Terry.
 
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