Nah that was announced weeks ago and is apparently only about...

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pikel1980

396 Posts.

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28/03/19

10:29

Post #: 37910599
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Originally posted by jackAJA: ↑

Perhaps this is the covenant breach (cancellation of material contract): "Since December 2017, Real Assets has assisted a large Canadian pension fund to deploy capital across a variety ofagricultural investments under a strategic management agreement. From 31 March 2019, given the rapid scale of deploymentachieved, the pension fund intends to manage those investments directly with its local operating partners. Post the terminationof the strategic agreement, Real Assets expects to continue to manage over $900 million in water entitlements and agriculturalassets. The impact of the termination of the strategic partnership will trigger a realisation of the Group’s associatedco-investment ($5.3 million)." from p3 latest half yearly. About a quarter of the real assets funds to go (may include other exits). Its possible they have or will rebuild those funds.

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Nah that was announced weeks ago and is apparently only about 200million of FEAUM.

But, whats actually really interesting is that when you go back and check the announcements, you realise how dodgy the whole process is...

Check out these 2 screenshots - one is from their announcement at 13 February 2019

the second is from their announcement on the 28 Feb 19 in the 4D...

Hey, so in 2 weeks, BLA decided up uplift its 30 December assets under management by 100million...

How can anybody have any faith in their statements. But hey, its just a 10% variance after you remove the Canadian fund...

BLA Price at posting: 48.0¢ Sentiment: Hold Disclosure: Not Held
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Nah that was announced weeks ago and is apparently only about...

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