Completely leased...so in the absence of any information from the company (AHF or CDC) my guess is that either CDC, AHF has entered into a lease agreement with the new owner and pre-paid some of the lease in this financial year before 31st June so the accounts still look like a break-even at best situation. But the absence of any announcement by the company it is very hard to tell.
Worse still is possibly Michael Hackett et al. or TAU has leased the premises and have a back-to-back sub-leasing arrangement to CDC at a premium and this will be hidden in the accounts as part of operating costs for CDC and the funds flow through one of his own companies.
Either way it is not a good look but the location is handy to a train station that also goes near CDC plant so the staff wont need cars or be paid on a kilometre basis for going to and fro the office and the plant.
I just smell something sneaky has occurred, yet again, if the Facebook and Yellow Pages entries are correct.
AHF Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
