ALI raised $280m and was listed on 1 July 2015. By 14 July, 55% was invested and by 31 July, fully invested. The overwhelming majority was overseas and over half was in $US assets. (ASX announcements) All very well.
At 1 July, the $A was trading at US96c. It is now around 70c, an approx 37% fall.
That $280m raised ought to be worth, say, 20% more - simply on currency movements. That would be $336m.
But no. 24 December NTA is $A1.88 or $263m. The sharemarket values ALI even more poorly, at $1.70 with market cap $245m
I see many tens of millions of dollars gone up in smoke - not on a penny dreadful taking risks, but on an allegedly conservative fund investing in tangible infrastructure assets for a certain income stream.
Something is very very wrong here. Can anyone enlighten me? (or improve my back of envelope arithmetic)
DYOR
- Forums
- ASX - By Stock
- Where did the money go?
ALI raised $280m and was listed on 1 July 2015. By 14 July, 55%...
-
-
- There are more pages in this discussion • 2 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 ALI (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.28 |
Change
0.000(0.00%) |
Mkt cap ! $405.3M |
Open | High | Low | Value | Volume |
$2.29 | $2.29 | $2.28 | $304.6K | 133.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 6823 | $2.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.28 | 4818 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 6823 | 2.270 |
1 | 4250 | 2.260 |
3 | 12800 | 2.220 |
2 | 22824 | 2.210 |
6 | 41894 | 2.200 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 4818 | 1 |
2.300 | 5597 | 2 |
2.310 | 8083 | 2 |
2.320 | 21576 | 1 |
2.330 | 12940 | 3 |
Last trade - 15.48pm 08/10/2024 (20 minute delay) ? |
Featured News
ALI (ASX) Chart |