Because this information most likely won't be provided to unitholders by APW to help them make an informed decision - below is some analysis on two part-owned associated funds which account for ~35% of APW's portfolio value. (If you add all the fully-owned funds, >86% of APW's portfolio has some arrangement do with AIMS).
Focus on the dark orange lines - these show the RE fees paid up to AIMS and the messy cross-shareholdings which allow AIMS to exert 'excess control' and effectively stitch-up most of APW's shareholder funds in related vehicles.
Also note that on 1/12/2017 APW 'invested' $19m in a new vehicle called 'AIMS Real Estate Opportunities Fund' or 'AREOF'. Just three days later on 4/12/2017, AREOF deployed $3.4m into MacarthurCook Office Property Trust (accounts below right), and booked an 'instant gain' of ~38% because the stake was supposedly worth $4.7m.
This transaction illustrates the 'merry-go-round' that is APW's investment process: not only does MacarthurCook hold ~9% of APW, but this transfer of [APW cash] > [AREOF] > [MacCook shares] cemented AIMS' control (and fee rake) in the latter with ~83% associated shareholdings!
Your money at work...
![]()
- Forums
- ASX - By Stock
- APW
- Opening the APW black box
Opening the APW black box
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add APW (ASX) to my watchlist
|
|||||
Last
$1.54 |
Change
0.000(0.00%) |
Mkt cap ! $68.55M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2 | $1.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 3193 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2 | 1.535 |
1 | 669 | 1.495 |
1 | 14000 | 1.490 |
1 | 10000 | 1.280 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 3193 | 1 |
1.585 | 10338 | 1 |
1.590 | 7198 | 1 |
1.600 | 100 | 1 |
1.640 | 7983 | 1 |
Last trade - 11.00am 29/07/2024 (20 minute delay) ? |
Featured News
APW (ASX) Chart |
Day chart unavailable