Asset Plus (APL)

[JohnnyTheHorse]

Pretty odd opening trade of 600,000 shares at 34c when it hasn't been recently trading at that level and there's no bid depth until 32c.

[bottomfeeder]

Pretty odd opening trade of 600,000 shares at 34c when it hasn't been recently trading at that level and there's no bid depth until 32c.

Don't know what it means, for every buyer there is a seller and vica versa.

[HITMAN]

So I wasn't expecting that closing price... what's going on?

[Getty]

So I wasn't expecting that closing price... what's going on?

Good question, its got a smell of a dividend cancellation/suspension about it.

[na2m1]

Probably the interest rate increase is driving the price down. I see this as an opportunity

[bottomfeeder]

Asset plus is a puppet of Augusta. I sold down half of my holding a month ago. Graham Street redevelopment, which is a major part of their portfolio is a money pit with nothing to show for it till 2023. Leasing may be difficult as well. Cost overruns will no doubt be incurred.

[bung5]

They already confirmed nearly all costs are fixed for graham street development. The upside is NTA is only calculated on money spent to date and once complete will be valuated significantly to the upside. Also they have already secured Auckland City Council as anchor tenant on long term lease.
18 months time I will expect a NTA close to double current share piece and ability to pay fat dividends

[bottomfeeder]

Current developments, Munroe and Graham, will stifle the SP for another 18 months. If you want to hold and can afford to hold till then you will be rewarded. Unless Augusta launches a takeover at a cheap price leading up to the developments being completed.

[Getty]

Good question, its got a smell of a dividend cancellation/suspension about it.

Confirmation of normal div payment on 14th Dec in today's ann.

[Nigel]

Was the drop in price from 60c to 35c a couple of years back caused by Covid? Interesting that there has been no recovery since then.