Brief: Asset Plus Sees Reduction In Fair Value Of Its Portfolio For Six Months

Asset Plus

26/10/2023 02:23

Oct 26 (Reuters) - Asset Plus Ltd  APL.NZ :
    * EXPECTS A REDUCTION IN FAIR VALUE OF ITS PORTFOLIO FOR SIX
MONTHS ENDED 30 SEPTEMBER 2023 OF NZ$4.6 MILLION, BEING A 2.5%
DECREASE
    * 35 GRAHAM STREET FAIR VALUE INCREASES BY NZ$0.92 MILLION
REFLECTING IMPACT OF DISCOUNT UNWIND
    * MUNROE LANE HAS BEEN INDEPENDENTLY VALUED AND HAS REDUCED
IN
VALUE BY NZ$6 MILLION OR 4.8% TO NZ$120 MILLION
    * COMBINED IMPACT OF ABOVE FAIR VALUE MOVEMENTS REPRESENTS A
FORECAST 1.3 NZ CENTS PER SHARE REDUCTION IN NTA
    * EXPECTED FAIR VALUE MUNROE LANE AS AT 30 SEPTEMBER 2023
WILL BE
NZ$118 MILLION


Further company coverage:  APL.NZ 

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