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gosouth

2,582 Posts.

39

09/01/17

10:45

Post #: 21760061
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Originally posted by gosouth ↑

I spoke to AEF management today to try and get a better explanation of the unit pricing issue.

I was told that there were actually 2 issues found to be affecting the unit pricing. The first was covered by the provision made in the last FY report. The second problem was found in the course of investigating the first issue, and the adjustment for this was covered by the update released in October.

The provision made in the last FY report still needs reconciliation to the actual final calculated quantum. The provision made in October is accurate and final.

I am now satisfied that there will be no further ongoing adjustments rolling into the future.

The $1M provision already made for the consultants costs is also adequate. I made comment on how high these were and was informed that the fund status needed to be recalculated for each individual change in the funds under management that occurred over a four year period. So quite an exercise.

So my interp of this is that the first half yearly will be impacted by the one-offs, but the 2nd half should have clear air.

Gosouth

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Suddenly a strong buyer and AEF ticking up and not far from breaking into new ground. FUM update not far off.
Gosouth

AEF Price at posting: $91.00 Sentiment: None Disclosure: Held
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(20min delay)
Last $4.92		Change -0.180(3.53%)		Mkt cap ! $483.8M

Open	High	Low	Value	Volume
$5.02	$5.10	$4.83	$680.9K	138.1K

Buyers (Bids)

No.	Vol.	Price($)
2	363	$4.87

Sellers (Offers)

Price($)	Vol.	No.
$4.92	523	1

View Market Depth

No.	Vol.	Price($)
2	3054	2.360
2	321	2.340
1	370	2.290
2	5353	2.260
1	9000	2.250

Price($)	Vol.	No.
2.380	8849	3
2.390	8260	1
2.400	4200	2
2.460	280	1
2.500	1500	1

Last trade - 16.10pm 21/11/2024 (20 minute delay)

AEF (ASX) Chart