Janaret go to rental express management fund there is an offer document dated march 2012 For every $5 dollar unit you get 4 Rex trust and one Hal. Rex lends the money to Hal, to buy run, this offer has been well received (from contact) And the trust has a fair swag in there. This was put out before any offer was made to run to see if it would receive enough cash to move on sale, Yes there will be a bank funding component but in the documents it states banks have first claim on loans. Hal can get the money cheaper through Rex so it pays Rex interest and dividend. Also less funding from banks means better rate and go ahead. The object then is to merge the trust and Hal into publicly listed company issuing share in Hal for the money owed by unit holders there for having a small debt owed to the banks. Now all this is from periphery players who I have gleaned this of but acquest thinks it can reduce overheads and increase profits from being the only Australian wide rental agency so some pone in Perth has a office and person to meet when they have property interstate, also it gives them a boost for people who want to rent when they move interstate. The can actually take in references in Brisbane meet an agent do a check without calls or trip to Perth, if you get my meaning. All this info took me days and a lot of phone calls to understand.
Excuse spelling am on iPad and it changes words.
RNC Price at posting:
15.0¢ Sentiment: None Disclosure: Held
