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Showing 81 - 90 of 116 results for "NTA"

Provident Capital leaves 3500 investors in limbo

MELANIE TIMBRELL  |  FRIDAY, 6 JUL 2012
... determined the company was solvent, O'Sullivan told Financial Standard in June, and Provident did not accept there was an NTA deficiency, although he acknowledged the same firms had raised potential issues on this point. "We are of the firm belief that ...

Provident Capital reaffirms solvency

MELANIE TIMBRELL  |  WEDNESDAY, 20 JUN 2012
... Trustees (AET), applied to the Federal Court following concerns regarding a potential deficiency of the net tangible assets (NTA) of the company. The Federal Court made orders restraining Provident from paying money to debenture holders on an interim ...

Ausgrowth unitholders revolt against APGF

BEN COLLINS  |  WEDNESDAY, 9 MAY 2012
... was one of the original founders of the Austgrowth property syndicates. Three of the four funds remaining currently have an NTA per unit well below their issue price of $1.00 despite an improving property market. Arnold and Bacon said that investors ...

ASIC: New regulations for responsible entities

ELISE BURGESS  |  TUESDAY, 8 NOV 2011
... integrity of our markets," said Medcraft. Several new requirements include REs holding more than $150,000 in net tangible asset (NTA) capital requirements, 0.5% of the average value of scheme property (capped at $5 million), or 10% of the average RE ...

Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
... property funds, had its licence cancelled in August last year after the company failed to rectify the ongoing breach of the NTA condition of its licence to the Commission's satisfaction. Since that time Opus had the cancellation set aside by the Administrative ...

Opus licence decision overturned

RACHEL DAVIS  |  FRIDAY, 2 SEP 2011
... decision to cancel Opus' licence was made after the company failed to rectify an ongoing breach of the Net Tangible Assets (NTA) condition of its licence to the Commission's satisfaction. Opus applied to the Administrative Appeal Tribunal's (AAT) seeking ...

Dissident investors could prompt REIT revival

MATT WOODINGTON  |  TUESDAY, 7 JUN 2011
... could be set to spark the Australian REITs sector back to life as investors act to realise the value of net tangible assets (NTA). A-REITs continue to trade at an NTA discount with the sector still recovering from the mauling it took during the GFC. ...

Charter Hall battling hedge funds over office REIT

MATT WOODINGTON  |  TUESDAY, 31 MAY 2011
... 18.2 per cent of Charter Hall Office REIT. Total hedge funds ownership in the trust may be closer to 40 per cent. With an NTA per unit of $3.96, the hedge funds are impatient to cash in on the US portfolio but are also threatening to call a resolution ...

Property managers stifled by lenders

MATT WOODINGTON  |  MONDAY, 16 MAY 2011
... funding would be their biggest issue over the next year, while the abolition of Stamp Duty and a review on net tangible assets (NTA) are also high on the agenda. Although sentiment within the property sector has improved in the past twelve months, banks ...

ASIC moves to protect OTC retail investors

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
... important the interests of all parties are aligned," he added. ASIC has proposed a requirement to hold net tangible assets (NTA) of at least the greater of $1 million or 10 per cent of average revenue, replacing the current requirements to hold surplus ...